Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.83%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.95%
steady accumulation
Rally response
-2.19%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $107M | 2.7% | +60.9% | 4.8 yr |
| SPYState Street SPDR S&P 50 | $101M | 2.5% | +17.6% | 4.8 yr |
| AAPLApple Inc. | $101M | 2.5% | +14.7% | 4.8 yr |
| HPKHighPeak Energy, Inc. | $96M | 2.4% | -44.6% | 4.8 yr |
| PIFIClearShares Piton Interm | $95M | 2.4% | — | 4.8 yr |
| EPDEnterprise Products Part | $86M | 2.2% | +18.7% | 4.8 yr |
| MSFTMicrosoft Corporation | $51M | 1.3% | -0.6% | 4.8 yr |
| XOMExxon Mobil Corporation | $50M | 1.3% | +47.6% | 4.8 yr |
| QQQInvesco QQQ Trust, Serie | $49M | 1.2% | — | 4.8 yr |
| AMZNAmazon.com, Inc. | $46M | 1.1% | +9.5% | 4.8 yr |
| GOOGAlphabet Inc. | $45M | 1.1% | +84.3% | 4.8 yr |
| CVXChevron Corporation | $43M | 1.1% | +29.2% | 4.8 yr |
| IVViShares Core S&P 500 ETF | $43M | 1.1% | — | 4.8 yr |
| RTXRTX Corporation | $41M | 1.0% | +48.1% | 4.8 yr |
| PLTRPalantir Technologies In | $39M | 1.0% | +73.3% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management30.4%+5.0pp$1.21B
Semiconductors6.0%+2.8pp$238M
Oil & Gas Midstream5.8%-0.8pp$231M
Oil & Gas Exploration & Production4.4%-3.7pp$175M
Asset Management - Income3.7%-0.7pp$148M
Oil & Gas Integrated3.0%+0.4pp$120M
Drug Manufacturers - General2.8%+0.4pp$113M
Software - Infrastructure2.8%-0.2pp$111M
Internet Content & Information2.6%+0.7pp$102M
Consumer Electronics2.6%-0.3pp$101M
Country
US94.0%-0.3pp
CA2.0%+0.3pp
GB0.8%-0.6pp
IE0.7%-0.1pp
CN0.5%+0.1pp
Unknown0.5%+0.3pp
DK0.4%+0.3pp
SG0.3%+0.3pp
Top 5: 12.6% · Top 10: 19.7% · Top 25: 33.0%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$31M |
| NVDA NVIDIA Corporation | +$10M |
| MRK Merck & Co., Inc. | +$9M |
| LLY Eli Lilly and Company | +$8M |
| DD DuPont de Nemours, Inc. | +$8M |
| JNJ Johnson & Johnson | +$8M |
| TEL TE Connectivity Ltd. | +$8M |
| FCX Freeport-McMoRan Inc. | +$7M |
| MRVL Marvell Technology, Inc. | +$7M |
| ROK Rockwell Automation, Inc. | +$7M |
Top sells this quarter · 15
| AFL Aflac Incorporated | −$17M |
| SYF Synchrony Financial | −$14M |
| MMM 3M Company | −$13M |
| GS The Goldman Sachs Group, Inc. | −$10M |
| VAL Valaris Limitedexit | −$9M |
| GSK GSK plc | −$9M |
| TJX The TJX Companies, Inc. | −$9M |
| SCCO Southern Copper Corporation | −$9M |
| BK The Bank of New York Mellon Co | −$9M |
| KMI Kinder Morgan, Inc. | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.97B | 994 | +19.31% | +17.59% | +1.72% | -0.01B |
| 2025-12-31 | $3.82B | 966 | +13.90% | +17.72% | -3.82% | +0.06B |
| 2025-09-30 | $3.71B | 927 | +15.03% | +17.52% | -2.48% | +0.07B |
| 2025-06-30 | $3.42B | 876 | +14.04% | +14.94% | -0.90% | -0.04B |
| 2025-03-31 | $3.25B | 824 | +7.99% | +8.30% | -0.32% | +0.05B |
| 2024-12-31 | $3.22B | 797 | +18.39% | +24.89% | -6.50% | +0.33B |
| 2024-09-30 | $2.83B | 691 | +20.20% | +36.04% | -15.84% | +0.05B |
| 2024-06-30 | $2.63B | 659 | +16.61% | +24.49% | -7.89% | +0.03B |
| 2024-03-31 | $2.59B | 667 | +11.94% | +29.62% | -17.68% | -0.15B |
| 2023-12-31 | $2.52B | 650 | +5.95% | +26.18% | -20.23% | +0.21B |
| 2023-09-30 | $2.22B | 628 | +11.72% | +21.57% | -9.85% | +0.06B |
| 2023-06-30 | $2.11B | 653 | +1.95% | +19.42% | -17.48% | +0.02B |
| 2023-03-31 | $2.16B | 628 | -5.34% | -7.82% | +2.47% | -0.07B |
| 2022-12-31 | $2.16B | 1600 | -12.44% | -18.17% | +5.73% | -0.00B |
| 2022-09-30 | $1.97B | 630 | -11.17% | -15.51% | +4.34% | -0.16B |
| 2022-06-30 | $2.27B | 657 | -10.49% | -16.11% | +5.62% | -0.17B |