Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.93%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.26%
baseline attrition
Rally response
-1.20%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MGVVanguard Mega Cap Value | $27M | 18.3% | — | 5.5 yr |
| MGKVanguard Mega Cap Growth | $20M | 13.6% | — | 5.5 yr |
| VGKVanguard FTSE Europe ETF | $16M | 10.5% | — | 5.5 yr |
| BNDVanguard Total Bond Mark | $12M | 7.9% | — | 5.5 yr |
| BSVVanguard Short-Term Bond | $11M | 7.1% | — | 4.5 yr |
| VPLVanguard FTSE Pacific ET | $8M | 5.5% | — | 5.5 yr |
| VWOVanguard FTSE Emerging M | $8M | 5.4% | — | 5.5 yr |
| VOEVanguard Mid-Cap Value E | $6M | 4.3% | — | 5.5 yr |
| VOTVanguard Mid-Cap Growth | $6M | 3.8% | — | 5.5 yr |
| GLDSPDR Gold Shares | $5M | 3.7% | — | 5.5 yr |
| VBRVanguard Small-Cap Value | $5M | 3.6% | — | 5.5 yr |
| VBKVanguard Small-Cap Growt | $5M | 3.4% | — | 5.5 yr |
| VNQVanguard Real Estate ETF | $5M | 3.2% | — | 5.5 yr |
| BNDXVanguard Total Internati | $5M | 3.1% | — | 5.5 yr |
| IGEiShares North American N | $3M | 1.9% | — | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management84.9%-0.9pp$127M
Asset Management - Bonds11.0%-0.3pp$16M
Asset Management - Leveraged1.4%-0.2pp$2M
Software - Infrastructure0.9%-0.2pp$1M
Drug Manufacturers - General0.7%$1M
Semiconductors0.3%+0.2pp$0M
Auto - Manufacturers0.3%+0.2pp$0M
Consumer Electronics0.2%$0M
Telecommunications Services0.1%$0M
Information Technology Services0.1%$0M
Country
US99.9%-0.1pp
MX0.1%
Top 5: 57.4% · Top 10: 80.2% · Top 25: 99.2%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $1M | -0.00B | -0.6% |
Top buys this quarter · 15
| LLY Eli Lilly and Companynew | +$1M |
| AAPL Apple Inc.new | +$0M |
| AMX América Móvil, S.A.B. de C.Vnew | +$0M |
| BMY Bristol-Myers Squibb Companynew | +$0M |
| IBM International Business Machinenew | +$0M |
| AMAT Applied Materials, Inc.new | +$0M |
| MMM 3M Companynew | +$0M |
| PG The Procter & Gamble Companynew | +$0M |
| PEP PepsiCo, Inc.new | +$0M |
| INTC Intel Corporationnew | +$0M |
Top sells this quarter · 12
| MSFT Microsoft Corporation | −$0M |
| AVGO Broadcom Inc. | −$0M |
| IGE iShares North American Natural | −$2M |
| GLD SPDR Gold Shares | −$0M |
| MGK Vanguard Mega Cap Growth ETF | −$0M |
| MGV Vanguard Mega Cap Value ETF | −$27M |
| VEU Vanguard FTSE All-World ex-US | −$0M |
| VWO Vanguard FTSE Emerging Markets | −$0M |
| VPL Vanguard FTSE Pacific ETF | −$8M |
| VGK Vanguard FTSE Europe ETF | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $149M | 52 | +16.58% | +17.59% | -1.01% | +0.02B |
| 2025-12-31 | $148M | 27 | +22.00% | +17.72% | +4.29% | +0.01B |
| 2025-09-30 | $147M | 27 | +24.80% | +17.52% | +7.28% | -0.01B |
| 2025-06-30 | $140M | 28 | +10.97% | +14.94% | -3.97% | -0.03B |
| 2025-03-31 | $130M | 26 | -11.20% | +8.30% | -19.50% | +0.02B |
| 2024-12-31 | $130M | 24 | +12.88% | +24.89% | -12.01% | +0.00B |
| 2024-09-30 | $129M | 25 | +37.16% | +36.04% | +1.12% | +0.01B |
| 2024-06-30 | $123M | 29 | +31.65% | +24.49% | +7.15% | -0.01B |
| 2024-03-31 | $124M | 30 | +46.36% | +29.62% | +16.74% | -0.01B |
| 2023-12-31 | $117M | 30 | +57.07% | +26.18% | +30.89% | -0.01B |
| 2023-09-30 | $108M | 30 | +36.57% | +21.57% | +15.00% | +0.00B |
| 2023-06-30 | $112M | 30 | +33.96% | +19.42% | +14.53% | -0.02B |
| 2023-03-31 | $108M | 30 | -4.52% | -7.82% | +3.30% | -0.02B |
| 2022-12-31 | $103M | 33 | +3.63% | +7.56% | -3.93% | +0.00B |
| 2022-09-30 | $96M | 32 | -8.86% | -4.93% | -3.94% | +0.01B |
| 2022-06-30 | $95M | 34 | -15.83% | -16.11% | +0.28% | +0.00B |