Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.15%
adds when stocks drop
when a holding falls −10%+
Middle response
+8.86%
steady accumulation
Rally response
-1.14%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $121M | 9.5% | — | 4.5 yr |
| VUGVanguard Growth ETF | $116M | 9.1% | — | 5.5 yr |
| VTVVanguard Value ETF | $113M | 8.9% | — | 5.8 yr |
| IJHiShares Core S&P Mid-Cap | $75M | 5.9% | — | 6.3 yr |
| IEFAiShares Core MSCI EAFE E | $63M | 5.0% | — | 4.8 yr |
| PRMRPeakShares RMR Prime Equ | $53M | 4.2% | — | 0.5 yr |
| NVDANVIDIA Corporation | $44M | 3.4% | +60.9% | 6.3 yr |
| IWFiShares Russell 1000 Gro | $43M | 3.4% | — | 6.3 yr |
| AAPLApple Inc. | $39M | 3.1% | +14.7% | 6.3 yr |
| SUBiShares Short-Term Natio | $31M | 2.5% | — | 4.5 yr |
| IWDiShares Russell 1000 Val | $29M | 2.3% | — | 6.3 yr |
| FSMBFirst Trust Short Durati | $22M | 1.7% | — | 4.5 yr |
| MSFTMicrosoft Corporation | $20M | 1.6% | -0.6% | 6.3 yr |
| SCHOSchwab Short-Term U.S. T | $19M | 1.5% | — | 3.5 yr |
| HYSPIMCO 0-5 Year High Yiel | $19M | 1.5% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management58.8%-1.4pp$746M
Semiconductors6.5%+1.6pp$82M
Asset Management - Bonds4.5%-1.3pp$57M
Asset Management - Leveraged3.2%+0.7pp$41M
Consumer Electronics3.1%+0.2pp$39M
Software - Infrastructure2.7%+0.0pp$35M
Internet Content & Information1.8%+0.4pp$23M
Specialty Retail1.4%-0.2pp$17M
Drug Manufacturers - General1.2%+0.2pp$16M
Banks - Diversified1.1%-0.0pp$14M
Country
US99.0%+0.4pp
NL0.2%+0.1pp
CA0.2%-0.0pp
TW0.1%+0.0pp
IE0.1%-0.1pp
CH0.1%-0.1pp
GB0.1%-0.1pp
BM0.1%+0.0pp
Top 5: 38.3% · Top 10: 54.8% · Top 25: 73.0%
Top buys this quarter · 15
| AAPL Apple Inc. | +$5M |
| JNJ Johnson & Johnson | +$3M |
| NEM Newmont Corporation | +$3M |
| MO Altria Group, Inc. | +$3M |
| MU Micron Technology, Inc. | +$2M |
| AMAT Applied Materials, Inc. | +$2M |
| KLAC KLA Corporation | +$2M |
| BX Blackstone Inc. | +$1M |
| MSFT Microsoft Corporation | +$20M |
| AMT American Tower Corporation | +$1M |
Top sells this quarter · 15
| LIN Linde plc | −$3M |
| ISRG Intuitive Surgical, Inc. | −$2M |
| PG The Procter & Gamble Company | −$2M |
| QCOM QUALCOMM Incorporatedexit | −$2M |
| NOW ServiceNow, Inc.exit | −$1M |
| INTU Intuit Inc. | −$1M |
| NVDA NVIDIA Corporation | −$1M |
| XOM Exxon Mobil Corporation | −$5M |
| GLW Corning Incorporated | −$3M |
| DE Deere & Companyexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.27B | 277 | +21.66% | +17.59% | +4.07% | +0.09B |
| 2025-12-31 | $1.25B | 275 | +18.90% | +17.72% | +1.18% | +0.02B |
| 2025-09-30 | $1.19B | 282 | +20.93% | +17.52% | +3.41% | -0.00B |
| 2025-06-30 | $1.10B | 285 | +16.17% | +14.94% | +1.23% | +0.01B |
| 2025-03-31 | $950M | 259 | +4.62% | +8.30% | -3.68% | +0.05B |
| 2024-12-31 | $967M | 255 | +21.98% | +24.89% | -2.90% | -0.02B |
| 2024-09-30 | $944M | 259 | +33.14% | +36.04% | -2.90% | +0.03B |
| 2024-06-30 | $871M | 249 | +22.15% | +24.49% | -2.34% | +0.01B |
| 2024-03-31 | $827M | 259 | +29.46% | +29.62% | -0.17% | +0.06B |
| 2023-12-31 | $712M | 232 | +31.30% | +26.18% | +5.12% | -0.00B |
| 2023-09-30 | $626M | 229 | +22.27% | +21.57% | +0.70% | +0.06B |
| 2023-06-30 | $588M | 211 | +20.31% | +19.42% | +0.89% | +0.01B |
| 2023-03-31 | $526M | 212 | -6.42% | -7.82% | +1.40% | +0.04B |
| 2022-12-31 | $441M | 191 | -18.43% | -18.17% | -0.26% | +0.01B |
| 2022-09-30 | $409M | 194 | -14.58% | -15.51% | +0.93% | +0.03B |
| 2022-06-30 | $401M | 193 | -8.93% | -10.62% | +1.69% | +0.00B |