Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.83%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.85%
baseline attrition
Rally response
+1.81%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $24M | 14.9% | +17.6% | 6.5 yr |
| QQQInvesco QQQ Trust, Serie | $24M | 14.9% | — | 6.5 yr |
| NVDANVIDIA Corporation | $9M | 5.4% | +60.9% | 6.3 yr |
| AAPLApple Inc. | $7M | 4.4% | +14.7% | 6.5 yr |
| MSFTMicrosoft Corporation | $5M | 3.3% | -0.6% | 6.5 yr |
| VTVVanguard Value ETF | $5M | 3.0% | — | 6.5 yr |
| IJHiShares Core S&P Mid-Cap | $5M | 3.0% | — | 6.5 yr |
| SDYState Street SPDR S&P Di | $5M | 2.9% | — | 6.5 yr |
| VYMVanguard High Dividend Y | $4M | 2.7% | — | 6.5 yr |
| SCHDSchwab U.S. Dividend Equ | $4M | 2.4% | — | 6.5 yr |
| XLKState Street Technology | $4M | 2.3% | — | 6.5 yr |
| JPMJPMorgan Chase & Co. | $3M | 1.9% | +21.8% | 6.5 yr |
| SCHMSchwab U.S. Mid-Cap ETF | $3M | 1.9% | — | 6.5 yr |
| IJSiShares S&P Small-Cap 60 | $3M | 1.8% | — | 6.5 yr |
| IWMiShares Russell 2000 ETF | $3M | 1.8% | — | 6.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management60.5%+2.6pp$96M
Semiconductors6.7%+1.6pp$11M
Banks - Diversified4.4%-0.1pp$7M
Consumer Electronics4.4%-1.2pp$7M
Software - Infrastructure3.6%-0.7pp$6M
Drug Manufacturers - General2.0%-0.5pp$3M
Discount Stores1.9%+0.1pp$3M
Oil & Gas Integrated1.8%-0.0pp$3M
Specialty Retail1.6%-0.2pp$3M
Internet Content & Information1.5%+0.3pp$2M
Country
US99.4%+0.1pp
NL0.4%+0.1pp
DK0.2%-0.2pp
Top 5: 43.0% · Top 10: 56.9% · Top 25: 77.5%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$2M |
| WMT Walmart Inc. | +$0M |
| MSFT Microsoft Corporation | +$5M |
| JPM JPMorgan Chase & Co. | +$3M |
| COST Costco Wholesale Corporation | +$0M |
| IBM International Business Machine | +$0M |
| TSLA Tesla, Inc. | +$1M |
| CSCO Cisco Systems, Inc. | +$0M |
| AMZN Amazon.com, Inc. | +$2M |
| TSCO Tractor Supply Company | +$0M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$0M |
| ABT Abbott Laboratoriesexit | −$0M |
| XOM Exxon Mobil Corporation | −$2M |
| AMGN Amgen Inc. | −$0M |
| DIS The Walt Disney Company | −$0M |
| NOC Northrop Grumman Corporation | −$0M |
| HD The Home Depot, Inc. | −$0M |
| LRCX Lam Research Corporation | −$0M |
| LLY Eli Lilly and Company | −$0M |
| GS The Goldman Sachs Group, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $158M | 97 | +18.72% | +17.59% | +1.13% | +0.01B |
| 2025-12-31 | $156M | 90 | +17.65% | +17.72% | -0.07% | -0.00B |
| 2025-09-30 | $156M | 89 | +19.12% | +17.52% | +1.60% | -0.00B |
| 2025-06-30 | $146M | 86 | +14.13% | +14.94% | -0.81% | +0.01B |
| 2025-03-31 | $123M | 82 | +6.32% | +8.30% | -1.99% | +0.00B |
| 2024-12-31 | $130M | 82 | +20.46% | +24.89% | -4.43% | -0.00B |
| 2024-09-30 | $128M | 85 | +29.61% | +36.04% | -6.43% | +0.00B |
| 2024-06-30 | $121M | 81 | +19.95% | +24.49% | -4.54% | -0.02B |
| 2024-03-31 | $133M | 440 | +24.27% | +29.62% | -5.35% | +0.01B |
| 2023-12-31 | $113M | 82 | +20.21% | +26.18% | -5.97% | +0.00B |
| 2023-09-30 | $98M | 72 | +14.23% | +21.57% | -7.34% | -0.00B |
| 2023-06-30 | $101M | 72 | +12.36% | +19.42% | -7.07% | -0.00B |
| 2023-03-31 | $94M | 67 | -11.19% | -7.82% | -3.37% | -0.01B |
| 2022-12-31 | $96M | 70 | -18.22% | -18.17% | -0.05% | +0.00B |
| 2022-09-30 | $89M | 72 | -13.85% | -15.51% | +1.65% | -0.00B |
| 2022-06-30 | $96M | 75 | -9.50% | -10.62% | +1.12% | -0.02B |