Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.36%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.58%
baseline attrition
Rally response
-2.25%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VBVanguard Small-Cap ETF | $37M | 18.3% | — | 6.5 yr |
| VOOVanguard S&P 500 ETF | $36M | 17.5% | — | 6.5 yr |
| VEAVanguard FTSE Developed | $33M | 15.9% | — | 6.5 yr |
| STXSeagate Technology Holdi | $26M | 12.6% | +366.3% | 5.0 yr |
| FNDXSchwab Fundamental U.S. | $19M | 9.3% | — | 5.0 yr |
| VOTVanguard Mid-Cap Growth | $6M | 3.1% | — | 6.5 yr |
| IVViShares Core S&P 500 ETF | $5M | 2.4% | — | 6.5 yr |
| VEUVanguard FTSE All-World | $4M | 1.9% | — | 6.5 yr |
| BRK-BBerkshire Hathaway Inc. | $3M | 1.6% | — | 6.5 yr |
| MRNAModerna, Inc. | $3M | 1.3% | +79.2% | 2.3 yr |
| MTXMinerals Technologies In | $3M | 1.3% | +12.4% | 5.8 yr |
| GOOGAlphabet Inc. | $2M | 1.0% | +84.3% | 6.5 yr |
| AAPLApple Inc. | $2M | 1.0% | +14.7% | 6.5 yr |
| XOMExxon Mobil Corporation | $1M | 0.7% | +47.6% | 6.5 yr |
| MSFTMicrosoft Corporation | $1M | 0.6% | -0.6% | 6.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management74.9%-4.3pp$153M
Computer Hardware12.6%+7.7pp$26M
Insurance - Diversified1.6%-1.0pp$3M
Biotechnology1.3%+1.0pp$3M
Chemicals - Specialty1.3%-0.5pp$3M
Internet Content & Information1.2%+0.2pp$2M
Oil & Gas Integrated1.0%-0.1pp$2M
Consumer Electronics1.0%-0.2pp$2M
Drug Manufacturers - General0.9%-0.2pp$2M
Software - Infrastructure0.6%-0.2pp$1M
Country
US87.2%-7.9pp
SG12.6%+7.7pp
TW0.2%
Top 5: 73.7% · Top 10: 84.1% · Top 25: 93.2%
Top buys this quarter · 13
| MRNA Moderna, Inc. | +$1M |
| GOOG Alphabet Inc. | +$2M |
| CVX Chevron Corporation | +$0M |
| MSFT Microsoft Corporation | +$1M |
| AVGO Broadcom Inc. | +$1M |
| IJR iShares Core S&P Small-Cap ETF | +$0M |
| SUSA iShares ESG Optimized MSCI USA | +$0M |
| USXF iShares ESG Advanced MSCI USA | +$0M |
| FNDX Schwab Fundamental U.S. Large | +$0M |
| VXUS Vanguard Total International S | +$0M |
Top sells this quarter · 15
| IBM International Business Machineexit | −$0M |
| UNH UnitedHealth Group Incorporateexit | −$0M |
| CCI Crown Castle Inc. | −$0M |
| XOM Exxon Mobil Corporation | −$1M |
| JNJ Johnson & Johnson | −$1M |
| STX Seagate Technology Holdings pl | −$18M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| AAPL Apple Inc. | −$0M |
| MRK Merck & Co., Inc. | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $204M | 65 | +106.75% | +17.59% | +89.15% | -0.04B |
| 2025-12-31 | $195M | 67 | +63.32% | +17.72% | +45.60% | +0.00B |
| 2025-09-30 | $178M | 66 | +36.40% | +17.52% | +18.89% | -0.03B |
| 2025-06-30 | $162M | 64 | +9.48% | +14.94% | -5.46% | -0.01B |
| 2025-03-31 | $145M | 57 | -2.06% | +8.30% | -10.37% | +0.00B |
| 2024-12-31 | $148M | 59 | +6.74% | +24.89% | -18.15% | +0.01B |
| 2024-09-30 | $156M | 64 | +38.31% | +36.04% | +2.27% | +0.01B |
| 2024-06-30 | $140M | 46 | +36.18% | +24.49% | +11.68% | -0.01B |
| 2024-03-31 | $142M | 46 | +28.10% | +29.62% | -1.52% | +0.00B |
| 2023-12-31 | $133M | 43 | +32.14% | +26.18% | +5.97% | -0.01B |
| 2023-09-30 | $119M | 43 | +14.59% | +21.57% | -6.97% | -0.00B |
| 2023-06-30 | $121M | 43 | -3.83% | +19.42% | -23.26% | +0.00B |
| 2023-03-31 | $117M | 42 | -20.18% | -7.82% | -12.36% | -0.00B |
| 2022-12-31 | $108M | 43 | -30.19% | -18.17% | -12.02% | +0.01B |
| 2022-09-30 | $95M | 40 | -24.62% | -15.51% | -9.11% | +0.01B |
| 2022-06-30 | $105M | 44 | -11.25% | -10.62% | -0.63% | -0.00B |