Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.28%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.86%
baseline attrition
Rally response
-3.16%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $20M | 4.0% | — | 5.3 yr |
| JMOMJPMorgan U.S. Momentum F | $16M | 3.2% | — | 2.3 yr |
| AAPLApple Inc. | $15M | 3.0% | +14.7% | 5.8 yr |
| JPSTJPMorgan Ultra-Short Inc | $12M | 2.4% | — | 0.3 yr |
| ITOTiShares Core S&P Total U | $8M | 1.7% | — | 5.5 yr |
| VUGVanguard Growth ETF | $8M | 1.6% | — | 4.5 yr |
| MSFTMicrosoft Corporation | $8M | 1.6% | -0.6% | 5.5 yr |
| FCUSPinnacle Focused Opportu | $8M | 1.5% | — | 2.3 yr |
| BNDVanguard Total Bond Mark | $8M | 1.5% | — | 4.3 yr |
| JVALJPMorgan U.S. Value Fact | $8M | 1.5% | — | 0.3 yr |
| JPSEJPMorgan Diversified Ret | $7M | 1.5% | — | 0.3 yr |
| NVDANVIDIA Corporation | $7M | 1.3% | +60.9% | 4.0 yr |
| AMZNAmazon.com, Inc. | $6M | 1.3% | +9.5% | 6.0 yr |
| TRMKTrustmark Corporation | $6M | 1.3% | +25.2% | 5.3 yr |
| VOOVanguard S&P 500 ETF | $6M | 1.2% | — | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management51.0%+5.8pp$256M
Drug Manufacturers - General3.7%+1.6pp$18M
Semiconductors3.7%+1.5pp$18M
Asset Management - Bonds3.6%-3.4pp$18M
Asset Management - Income3.3%+3.2pp$17M
Consumer Electronics3.0%+0.3pp$15M
Software - Infrastructure2.6%-0.1pp$13M
Internet Content & Information2.2%+0.3pp$11M
Banks - Regional1.8%+1.2pp$9M
Specialty Retail1.5%-0.2pp$8M
Country
US97.9%+0.8pp
IE1.1%-0.7pp
CH0.4%-0.2pp
TW0.2%+0.1pp
CA0.2%+0.1pp
NL0.2%-0.1pp
Unknown0.1%+0.0pp
IL0.0%
Top 5: 14.4% · Top 10: 22.1% · Top 25: 39.2%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $2M | +0.00B | 60.9% |
| AAPL | $10M | +0.00B | 14.7% |
| WMT | $3M | +0.00B | 42.8% |
| JPM | $4M | +0.00B | 21.8% |
| AMZN | $5M | +0.00B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $7M | -0.00B | -0.6% |
Top buys this quarter · 15
| TRMK Trustmark Corporation | +$4M |
| MRK Merck & Co., Inc. | +$4M |
| LLY Eli Lilly and Company | +$2M |
| AAPL Apple Inc. | +$2M |
| ZTS Zoetis Inc.new | +$1M |
| MSFT Microsoft Corporation | +$8M |
| WMT Walmart Inc. | +$1M |
| GE GE Aerospace | +$1M |
| NVDA NVIDIA Corporation | +$1M |
| ABBV AbbVie Inc. | +$1M |
Top sells this quarter · 15
| MDT Medtronic plcexit | −$1M |
| ARCC Ares Capital Corporation | −$1M |
| OBDC Blue Owl Capital Corporation | −$1M |
| UNH UnitedHealth Group Incorporate | −$1M |
| MPLX MPLX Lpexit | −$0M |
| ADI Analog Devices, Inc. | −$0M |
| TJX The TJX Companies, Inc. | −$0M |
| C Citigroup Inc.exit | −$0M |
| VSAT Viasat, Inc.exit | −$0M |
| MPC Marathon Petroleum Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $502M | 280 | +17.46% | +17.59% | -0.13% | +0.03B |
| 2025-12-31 | $476M | 268 | +14.88% | +17.72% | -2.84% | +0.08B |
| 2025-09-30 | $383M | 233 | +16.40% | +17.52% | -1.12% | -0.04B |
| 2025-06-30 | $397M | 241 | +14.42% | +14.94% | -0.52% | +0.00B |
| 2025-03-31 | $368M | 226 | +16.00% | +8.30% | +7.69% | -0.01B |
| 2024-12-31 | $388M | 234 | +29.20% | +24.89% | +4.31% | +0.18B |
| 2024-09-30 | $200M | 140 | +33.35% | +36.04% | -2.69% | -0.08B |
| 2024-06-30 | $266M | 240 | +25.62% | +24.49% | +1.13% | +0.14B |
| 2024-03-31 | $120M | 92 | +22.77% | +29.62% | -6.85% | -0.03B |
| 2023-12-31 | $137M | 92 | +19.39% | +26.18% | -6.79% | +0.03B |
| 2023-09-30 | $104M | 65 | +18.82% | +21.57% | -2.75% | -0.09B |
| 2023-06-30 | $199M | 123 | +14.08% | +19.42% | -5.34% | -0.01B |
| 2023-03-31 | $194M | 147 | -7.17% | -7.82% | +0.65% | +0.04B |
| 2022-12-31 | $150M | 139 | -15.40% | -18.17% | +2.78% | +0.02B |
| 2022-09-30 | $118M | 125 | -11.94% | -15.51% | +3.56% | +0.01B |
| 2022-06-30 | $110M | 126 | -7.36% | -10.62% | +3.27% | -0.11B |