Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.49%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.98%
baseline attrition
Rally response
-0.83%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QQQInvesco QQQ Trust, Serie | $26M | 5.6% | — | 7.5 yr |
| FTCSFirst Trust Capital Stre | $26M | 5.6% | — | 6.8 yr |
| SPLGSPDR Portfolio S&P 500 E | $19M | 4.0% | — | 3.5 yr |
| RSPInvesco S&P 500 Equal We | $14M | 3.0% | — | 7.5 yr |
| GDECFT Vest U.S. Equity Mode | $13M | 2.7% | — | 2.5 yr |
| ARWGArcher Growth ETF | $11M | 2.3% | — | 0.5 yr |
| BALTInnovator Defined Wealth | $10M | 2.2% | — | 0.8 yr |
| JIVEJPMorgan International V | $8M | 1.8% | — | 0.5 yr |
| AAPLApple Inc. | $7M | 1.6% | +14.7% | 7.5 yr |
| — | $7M | 1.5% | — | 1.8 yr |
| LLYEli Lilly and Company | $7M | 1.5% | +12.2% | 7.5 yr |
| PLDPrologis, Inc. | $7M | 1.4% | +22.3% | 4.3 yr |
| MSFTMicrosoft Corporation | $6M | 1.4% | -0.6% | 7.5 yr |
| GOOGLAlphabet Inc. | $6M | 1.3% | — | 7.5 yr |
| FTHIFirst Trust BuyWrite Inc | $5M | 1.1% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management50.4%+1.7pp$236M
Unknown4.5%-0.3pp$21M
Drug Manufacturers - General4.3%+0.9pp$20M
Semiconductors3.0%+1.2pp$14M
Internet Content & Information2.3%+0.4pp$11M
Software - Infrastructure2.0%+0.4pp$10M
Asset Management - Income2.0%+0.5pp$10M
Aerospace & Defense2.0%+0.4pp$9M
Asset Management - Bonds1.8%-2.7pp$9M
Regulated Electric1.7%-0.3pp$8M
Country
US93.8%+0.4pp
Unknown4.5%-0.3pp
GB0.4%+0.1pp
CA0.3%+0.0pp
CH0.2%-0.0pp
MX0.2%-0.0pp
IE0.1%-0.4pp
CN0.1%+0.1pp
Top 5: 20.9% · Top 10: 30.2% · Top 25: 45.9%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$6M |
| AMZN Amazon.com, Inc. | +$1M |
| NVDA NVIDIA Corporation | +$1M |
| V Visa Inc. | +$1M |
| LITE Lumentum Holdings Inc. | +$1M |
| PLTR Palantir Technologies Inc. | +$1M |
| SNOW Snowflake Inc. | +$1M |
| HRB H&R Block, Inc. | +$0M |
| FSLY Fastly, Inc.new | +$0M |
| SAFT Safety Insurance Group, Inc.new | +$0M |
Top sells this quarter · 15
| LIN Linde plcexit | −$1M |
| ACN Accenture plc | −$1M |
| GNRC Generac Holdings Inc.exit | −$1M |
| CVX Chevron Corporation | −$2M |
| IBM International Business Machine | −$0M |
| LRCX Lam Research Corporation | −$0M |
| HUT.TO Hut 8 Mining Corp. | −$0M |
| MRK Merck & Co., Inc. | −$3M |
| DKS DICK'S Sporting Goods, Inc. | −$0M |
| SLB SLB N.V. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $469M | 1218 | +20.07% | +17.59% | +2.48% | +0.02B |
| 2025-12-31 | $443M | 1155 | +16.57% | +17.72% | -1.15% | -0.01B |
| 2025-09-30 | $443M | 1180 | +12.07% | +17.52% | -5.45% | -0.01B |
| 2025-06-30 | $419M | 1150 | +12.71% | +14.94% | -2.23% | +0.01B |
| 2025-03-31 | $386M | 1132 | +5.00% | +8.30% | -3.30% | +0.01B |
| 2024-12-31 | $375M | 1122 | +14.46% | +24.89% | -10.43% | +0.01B |
| 2024-09-30 | $373M | 1092 | +28.63% | +36.04% | -7.41% | +0.00B |
| 2024-06-30 | $343M | 1084 | +14.44% | +24.49% | -10.05% | +0.01B |
| 2024-03-31 | $333M | 1044 | +21.02% | +29.62% | -8.60% | -0.00B |
| 2023-12-31 | $310M | 1063 | +16.74% | +26.18% | -9.44% | -0.01B |
| 2023-09-30 | $284M | 1023 | +15.53% | +21.57% | -6.04% | +0.01B |
| 2023-06-30 | $281M | 991 | +14.06% | +19.42% | -5.37% | -0.00B |
| 2023-03-31 | $271M | 855 | -3.61% | -7.82% | +4.21% | +0.00B |
| 2022-12-31 | $258M | 833 | -11.85% | -18.17% | +6.32% | -0.00B |
| 2022-09-30 | $237M | 820 | -11.06% | -15.51% | +4.44% | +0.00B |
| 2022-06-30 | $247M | 819 | -5.61% | -10.62% | +5.01% | -0.00B |