Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.35%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.40%
baseline attrition
Rally response
-25.99%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCECSterling Capital Enhance | $58M | 16.5% | — | 1.0 yr |
| IWYiShares Russell Top 200 | $42M | 12.0% | — | 5.0 yr |
| SCNMSterling Capital Nationa | $32M | 9.1% | — | 0.3 yr |
| IWXiShares Russell Top 200 | $27M | 7.7% | — | 5.0 yr |
| EFViShares MSCI EAFE Value | $15M | 4.3% | — | 4.8 yr |
| IWSiShares Russell Mid-Cap | $14M | 4.1% | — | 5.0 yr |
| EFGiShares MSCI EAFE Growth | $13M | 3.8% | — | 5.0 yr |
| IEMGiShares Core MSCI Emergi | $11M | 3.2% | — | 5.3 yr |
| VOOVanguard S&P 500 ETF | $9M | 2.6% | — | 5.5 yr |
| VTWOVanguard Russell 2000 ET | $7M | 2.1% | — | 2.8 yr |
| NVDANVIDIA Corporation | $5M | 1.3% | +60.9% | 3.8 yr |
| VIGVanguard Dividend Apprec | $4M | 1.2% | — | 1.8 yr |
| NOBLProShares - S&P 500 Divi | $4M | 1.1% | — | 0.5 yr |
| IWPiShares Russell Mid-Cap | $4M | 1.1% | — | 3.3 yr |
| AVGOBroadcom Inc. | $3M | 0.8% | +86.0% | 4.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management80.5%+7.9pp$281M
Semiconductors3.6%+2.7pp$13M
Aerospace & Defense1.5%$5M
Regulated Electric1.1%+0.7pp$4M
Drug Manufacturers - General0.7%+0.0pp$3M
Oil & Gas Integrated0.7%+0.3pp$3M
Asset Management - Bonds0.7%-0.3pp$2M
Financial - Credit Services0.7%$2M
Unknown0.6%-11.6pp$2M
Banks - Diversified0.6%$2M
Country
US98.1%+11.1pp
TW0.7%
Unknown0.6%-11.6pp
IE0.2%
SG0.1%
GB0.1%-0.1pp
CN0.1%
DK0.0%
Top 5: 49.6% · Top 10: 65.4% · Top 25: 76.4%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| V Visa Inc. | +$4M |
| NVDA NVIDIA Corporation | +$4M |
| AVGO Broadcom Inc. | +$3M |
| TSM Taiwan Semiconductor Manufactu | +$2M |
| JPM JPMorgan Chase & Co. | +$2M |
| GE GE Aerospace | +$1M |
| XOM Exxon Mobil Corporation | +$1M |
| LRCX Lam Research Corporation | +$1M |
| WTRG Essential Utilities, Inc.new | +$1M |
| ITW Illinois Tool Works Inc. | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $349M | 829 | +84.69% | +17.59% | +67.10% | +0.06B |
| 2025-12-31 | $257M | 550 | +62.32% | +17.72% | +44.60% | +0.00B |
| 2025-09-30 | $212M | 99 | +52.16% | +17.52% | +34.64% | -0.03B |
| 2025-06-30 | $207M | 99 | +39.68% | +14.94% | +24.73% | -0.02B |
| 2025-03-31 | $199M | 97 | +24.74% | +8.30% | +16.44% | -0.01B |
| 2024-12-31 | $211M | 99 | +39.23% | +24.89% | +14.34% | -0.02B |
| 2024-09-30 | $206M | 96 | +32.58% | +36.04% | -3.45% | -0.02B |
| 2024-06-30 | $209M | 91 | +18.44% | +24.49% | -6.05% | -0.27B |
| 2024-03-31 | $468M | 127 | +28.80% | +28.29% | +0.51% | +0.24B |
| 2023-12-31 | $208M | 130 | +8.79% | +10.48% | -1.70% | -0.12B |
| 2023-09-30 | $301M | 259 | -5.69% | -16.98% | +11.29% | +0.16B |
| 2022-12-31 | $141M | 44 | +44.57% | -18.17% | +62.74% | -0.01B |
| 2022-09-30 | $134M | 42 | -6.14% | -4.93% | -1.21% | +0.02B |
| 2022-06-30 | $125M | 63 | -6.88% | -16.11% | +9.23% | -0.07B |
| 2022-03-31 | $211M | 591 | +50.10% | -4.62% | +54.72% | -0.11B |
| 2021-12-31 | $213M | 412 | — | — | — | +0.02B |