Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.87%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.59%
baseline attrition
Rally response
-2.10%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TCAFT. Rowe Price Capital Ap | $65M | 10.5% | — | 2.3 yr |
| DIVOAmplify CWP Enhanced Div | $55M | 8.9% | — | 4.0 yr |
| AVUSAvantis U.S. Equity ETF | $55M | 8.9% | — | 0.8 yr |
| CGXUCapital Group Internatio | $38M | 6.2% | — | 3.8 yr |
| HTABHartford Schroders Tax-A | $38M | 6.2% | — | 1.8 yr |
| MGMTBallast Small/Mid Cap ET | $30M | 4.9% | — | 2.8 yr |
| ZROZPIMCO 25+ Year Zero Coup | $27M | 4.4% | — | 1.5 yr |
| FNDXSchwab Fundamental U.S. | $23M | 3.8% | — | 6.5 yr |
| EZMWisdomTree U.S. MidCap F | $18M | 2.9% | — | 6.5 yr |
| RWJInvesco S&P SmallCap 600 | $16M | 2.6% | — | 6.3 yr |
| MTUMiShares MSCI USA Momentu | $14M | 2.3% | — | 6.5 yr |
| AAPLApple Inc. | $10M | 1.6% | +14.7% | 6.5 yr |
| FIXComfort Systems USA, Inc | $7M | 1.2% | +329.0% | 2.3 yr |
| VZVerizon Communications I | $6M | 1.0% | +16.5% | 4.0 yr |
| CASYCasey's General Stores, | $6M | 1.0% | +68.4% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management56.4%+16.0pp$348M
Asset Management - Income9.5%+4.9pp$59M
Asset Management - Bonds6.2%+4.7pp$38M
Semiconductors2.4%-0.7pp$15M
Specialty Retail1.8%-0.5pp$11M
Software - Infrastructure1.8%-0.6pp$11M
Consumer Electronics1.6%-0.9pp$10M
Financial - Capital Markets1.4%+0.9pp$9M
Engineering & Construction1.2%+0.9pp$7M
Hardware, Equipment & Parts1.1%-0.0pp$7M
Country
US99.4%+5.4pp
IE0.4%-1.4pp
Unknown0.2%-3.5pp
CH0.0%
Top 5: 40.7% · Top 10: 59.3% · Top 25: 74.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AVGO | $12M | +0.01B | 86.0% |
| FIX | $2M | +0.01B | 329.0% |
| AAPL | $18M | +0.00B | 14.7% |
| APH | $3M | +0.00B | 93.6% |
| CASY | $2M | +0.00B | 68.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $11M | -0.00B | -0.6% |
Top buys this quarter · 15
| JNJ Johnson & Johnson | +$3M |
| HII Huntington Ingalls Industries, | +$3M |
| VZ Verizon Communications Inc. | +$3M |
| PM Philip Morris International In | +$3M |
| NXST Nexstar Media Group, Inc. | +$3M |
| MS Morgan Stanley | +$3M |
| GS The Goldman Sachs Group, Inc. | +$2M |
| ADI Analog Devices, Inc. | +$2M |
| LRCX Lam Research Corporationnew | +$2M |
| CSGS CSG Systems International, Incnew | +$2M |
Top sells this quarter · 15
| JPM JPMorgan Chase & Co. | −$15M |
| WMT Walmart Inc. | −$14M |
| AVGO Broadcom Inc. | −$14M |
| AAPL Apple Inc. | −$12M |
| CAT Caterpillar Inc. | −$12M |
| WELL Welltower Inc.exit | −$9M |
| JCI Johnson Controls Internationalexit | −$9M |
| WMB The Williams Companies, Inc.exit | −$9M |
| T AT&T Inc.exit | −$9M |
| NVDA NVIDIA Corporation | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $617M | 144 | +24.62% | +17.59% | +7.03% | -0.38B |
| 2025-12-31 | $990M | 207 | +20.22% | +17.72% | +2.50% | +0.03B |
| 2025-09-30 | $948M | 191 | +21.10% | +17.52% | +3.58% | +0.08B |
| 2025-06-30 | $797M | 184 | +18.31% | +14.94% | +3.36% | -0.02B |
| 2025-03-31 | $726M | 182 | +6.90% | +8.30% | -1.40% | +0.01B |
| 2024-12-31 | $735M | 197 | +21.11% | +24.89% | -3.77% | +0.05B |
| 2024-09-30 | $672M | 197 | +30.58% | +36.04% | -5.45% | +0.03B |
| 2024-06-30 | $606M | 184 | +19.82% | +24.49% | -4.67% | +0.02B |
| 2024-03-31 | $585M | 182 | +26.45% | +29.62% | -3.18% | -0.00B |
| 2023-12-31 | $537M | 169 | +19.51% | +26.18% | -6.67% | +0.04B |
| 2023-09-30 | $451M | 156 | +19.48% | +21.57% | -2.08% | -0.01B |
| 2023-06-30 | $475M | 160 | +18.78% | +19.42% | -0.64% | +0.06B |
| 2023-03-31 | $386M | 120 | -2.81% | -7.82% | +5.01% | +0.01B |
| 2022-12-31 | $361M | 118 | -10.63% | -18.17% | +7.55% | +0.01B |
| 2022-09-30 | $320M | 112 | -9.95% | -15.51% | +5.55% | +0.01B |
| 2022-06-30 | $320M | 117 | -7.03% | -10.62% | +3.59% | +0.19B |