Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.74%
steady accumulation
Rally response
-23.65%
trims into rallies
when a holding rises +10%+
Top positions · 27
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $82M | 58.5% | — | 1.5 yr |
| VXUSVanguard Total Internati | $16M | 11.6% | — | 1.5 yr |
| SNDKSandisk Corporation | $9M | 6.6% | +1234.5% | 0.3 yr |
| BNDVanguard Total Bond Mark | $5M | 3.8% | — | 1.5 yr |
| GFSGLOBALFOUNDRIES Inc. | $5M | 3.8% | +20.5% | 1.5 yr |
| VTEBVanguard Tax-Exempt Bond | $5M | 3.5% | — | 1.5 yr |
| VOOVanguard S&P 500 ETF | $3M | 2.5% | — | 1.5 yr |
| IVViShares Core S&P 500 ETF | $2M | 1.3% | — | 0.5 yr |
| BIVVanguard Intermediate-Te | $1M | 1.1% | — | 1.5 yr |
| EQALInvesco Russell 1000 Equ | $1M | 0.9% | — | 1.5 yr |
| IEMGiShares Core MSCI Emergi | $1M | 0.6% | — | 1.5 yr |
| VOVanguard Mid-Cap ETF | $1M | 0.6% | — | 0.5 yr |
| COSTCostco Wholesale Corpora | $1M | 0.6% | +5.9% | 1.5 yr |
| USARUSA Rare Earth Inc | $1M | 0.6% | +154.9% | 0.3 yr |
| IJRiShares Core S&P Small-C | $1M | 0.5% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management82.5%-6.3pp$115M
Hardware, Equipment & Parts6.6%$9M
Asset Management - Bonds4.9%-1.2pp$7M
Semiconductors4.0%-0.3pp$6M
Discount Stores0.6%-0.2pp$1M
Industrial Materials0.6%$1M
Consulting Services0.4%$1M
Specialty Retail0.3%+0.2pp$0M
Asset Management - Cryptocurrency0.2%$0M
Country
US99.6%-0.4pp
TW0.2%
KR0.2%
Top 5: 84.3% · Top 10: 93.5% · Top 25: 99.7%
Top buys this quarter · 11
| SNDK Sandisk Corporationnew | +$9M |
| USAR USA Rare Earth Incnew | +$1M |
| TSM Taiwan Semiconductor Manufactunew | +$0M |
| CPNG Coupang, Inc.new | +$0M |
| COST Costco Wholesale Corporation | +$0M |
| FBTC Fidelity Wise Origin Bitcoin F | +$0M |
| IBIT iShares Bitcoin Trust ETFnew | +$0M |
| VXUS Vanguard Total International S | +$0M |
| BND Vanguard Total Bond Market ETF | +$0M |
| VOO Vanguard S&P 500 ETF | +$3M |
Top sells this quarter · 15
| FDX FedEx Corporationexit | −$0M |
| BXMT Blackstone Mortgage Trust, Incexit | −$0M |
| TRTX TPG RE Finance Trust, Inc.exit | −$0M |
| BAC Bank of America Corporationexit | −$0M |
| GBDC Golub Capital BDC, Inc. | −$0M |
| LIEN Chicago Atlantic BDC, Inc.exit | −$0M |
| VTEB Vanguard Tax-Exempt Bond ETF | −$0M |
| VB Vanguard Small-Cap ETF | −$0M |
| TAXF American Century Diversified Mexit | −$0M |
| AINV Apollo Investment Corporationexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $140M | 27 | +28.87% | +17.59% | +11.27% | -0.04B |
| 2025-12-31 | $132M | 40 | -14.03% | +17.72% | -31.75% | +0.02B |
| 2025-09-30 | $116M | 18 | -8.19% | +8.12% | -16.32% | +0.01B |
| 2025-06-30 | $114M | 17 | +5.82% | +10.78% | -4.96% | +0.01B |
| 2025-03-31 | $101M | 18 | -10.14% | -4.27% | -5.87% | +0.01B |
| 2024-12-31 | $99M | 16 | — | — | — | — |