Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.43%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.91%
baseline attrition
Rally response
-2.30%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLDMSPDR Gold MiniShares Tru | $72M | 20.8% | — | 0.5 yr |
| IAUiShares Gold Trust | $38M | 10.9% | — | 0.5 yr |
| GLDSPDR Gold Shares | $29M | 8.3% | — | 0.5 yr |
| KLACKLA Corporation | $22M | 6.3% | — | 0.5 yr |
| GLTRabrdn Physical Precious | $18M | 5.3% | — | 0.5 yr |
| AAPLApple Inc. | $18M | 5.2% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $11M | 3.2% | — | 0.5 yr |
| FNDXSchwab Fundamental U.S. | $6M | 1.8% | — | 0.5 yr |
| BRK-ABerkshire Hathaway Inc. | $6M | 1.7% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $5M | 1.4% | — | 0.5 yr |
| TTTrane Technologies plc | $4M | 1.2% | — | 0.5 yr |
| EFAiShares MSCI EAFE ETF | $4M | 1.1% | — | 0.5 yr |
| TSMTaiwan Semiconductor Man | $3M | 1.0% | — | 0.5 yr |
| SPYState Street SPDR S&P 50 | $3M | 1.0% | — | 0.3 yr |
| AMZNAmazon.com, Inc. | $3M | 0.8% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management56.5%$196M
Semiconductors8.8%$31M
Consumer Electronics5.2%$18M
Software - Infrastructure4.3%$15M
Internet Content & Information2.7%$9M
Insurance - Diversified1.7%$6M
Drug Manufacturers - General1.6%$6M
Software - Application1.6%$5M
Construction1.4%$5M
Specialty Retail1.3%$5M
Country
US95.1%
IE1.4%
TW1.0%
Unknown0.6%
NL0.4%
CH0.3%
CA0.2%
KR0.2%
Top 5: 51.6% · Top 10: 64.8% · Top 25: 76.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF new | +$3M |
| PGR The Progressive Corporationnew | +$1M |
| TOL Toll Brothers, Inc.new | +$0M |
| AZN AstraZeneca PLCnew | +$0M |
| COP ConocoPhillipsnew | +$0M |
| AMZN Amazon.com, Inc. | +$0M |
| INTU Intuit Inc.new | +$0M |
| VLO Valero Energy Corporationnew | +$0M |
| EOG EOG Resources, Inc.new | +$0M |
| APD Air Products and Chemicals, Innew | +$0M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactu | −$1M |
| ADP Automatic Data Processing, Inc | −$0M |
| PYPL PayPal Holdings, Inc.exit | −$0M |
| EXAS Exact Sciences Corporationexit | −$0M |
| BR Broadridge Financial Solutionsexit | −$0M |
| AAPL Apple Inc. | −$0M |
| CSGP CoStar Group, Inc.exit | −$0M |
| MCHP Microchip Technology Incorporaexit | −$0M |
| MS Morgan Stanleyexit | −$0M |
| TEL TE Connectivity Ltd.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $348M | 202 | -2.56% | -4.37% | +1.81% | +0.01B |
| 2025-12-31 | $343M | 211 | — | — | — | — |