Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.24%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.34%
baseline attrition
Rally response
-5.13%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHBSchwab U.S. Broad Market | $379M | 22.0% | — | 3.5 yr |
| VTIVanguard Total Stock Mar | $238M | 13.8% | — | 3.5 yr |
| SCHFSchwab International Equ | $171M | 9.9% | — | 3.5 yr |
| AGGiShares Core U.S. Aggreg | $145M | 8.4% | — | 3.5 yr |
| VEAVanguard FTSE Developed | $102M | 5.9% | — | 3.5 yr |
| VCITVanguard Intermediate-Te | $89M | 5.2% | — | 3.5 yr |
| SCHESchwab Emerging Markets | $72M | 4.2% | — | 3.5 yr |
| USHYiShares Broad USD High Y | $64M | 3.7% | — | 3.5 yr |
| IJRiShares Core S&P Small-C | $53M | 3.1% | — | 3.5 yr |
| VNQVanguard Real Estate ETF | $52M | 3.0% | — | 3.5 yr |
| VWOVanguard FTSE Emerging M | $35M | 2.1% | — | 3.5 yr |
| SGOViShares 0-3 Month Treasu | $32M | 1.8% | — | 1.5 yr |
| VYMVanguard High Dividend Y | $29M | 1.7% | — | 3.5 yr |
| IBDRiShares iBonds Dec 2026 | $18M | 1.1% | — | 1.5 yr |
| IBDSiShares iBonds Dec 2027 | $18M | 1.1% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management81.4%-1.7pp$1.40B
Asset Management - Bonds17.5%+2.2pp$301M
Software - Infrastructure0.2%-0.2pp$4M
Insurance - Diversified0.2%-0.1pp$4M
Asset Management - Income0.1%-0.0pp$2M
Consumer Electronics0.1%-0.1pp$2M
Drug Manufacturers - General0.1%+0.0pp$1M
Information Technology Services0.0%-0.0pp$1M
Oil & Gas Integrated0.0%+0.0pp$1M
Communication Equipment0.0%-0.0pp$1M
Country
US99.9%-0.1pp
CA0.1%
CH0.0%
Unknown0.0%-0.0pp
Top 5: 60.0% · Top 10: 79.2% · Top 25: 93.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| SANM Sanmina Corporationnew | +$0M |
| DFUS Dimensional - US Equity Market | +$0M |
| DFAC Dimensional - US Core Equity 2 | +$1M |
| IVV iShares Core S&P 500 ETF | +$2M |
| AGG iShares Core U.S. Aggregate Bo | +$0M |
| IWS iShares Russell Mid-Cap Value | +$0M |
| IWP iShares Russell Mid-Cap Growth | +$1M |
| IWD iShares Russell 1000 Value ETF | +$0M |
| IWF iShares Russell 1000 Growth ET | +$8M |
| IWV iShares Russell 3000 ETF | +$9M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$1M |
| ROK Rockwell Automation, Inc.exit | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| GOOG Alphabet Inc.exit | −$0M |
| TSM Taiwan Semiconductor Manufactuexit | −$0M |
| LHX L3Harris Technologies, Inc.exit | −$0M |
| AVGO Broadcom Inc.exit | −$0M |
| AMP Ameriprise Financial, Inc.exit | −$0M |
| MSFT Microsoft Corporation | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.72B | 101 | +9.86% | +17.59% | -7.73% | +0.12B |
| 2025-12-31 | $1.71B | 106 | +22.30% | +17.72% | +4.58% | +0.06B |
| 2025-09-30 | $1.66B | 102 | +45.82% | +17.52% | +28.30% | +0.10B |
| 2025-06-30 | $1.47B | 96 | +50.58% | +14.94% | +35.64% | -0.05B |
| 2025-03-31 | $1.36B | 92 | +43.15% | +8.30% | +34.84% | -0.04B |
| 2024-12-31 | $1.34B | 98 | +46.20% | +24.89% | +21.31% | -0.28B |
| 2024-09-30 | $1.36B | 93 | +36.75% | +36.04% | +0.72% | +0.01B |
| 2024-06-30 | $1.24B | 85 | +18.43% | +24.49% | -6.06% | -0.05B |
| 2024-03-31 | $1.22B | 88 | +24.12% | +29.62% | -5.51% | -0.00B |
| 2023-12-31 | $1.15B | 88 | +26.45% | +26.18% | +0.27% | +0.01B |
| 2023-09-30 | $1.03B | 75 | -5.48% | -3.22% | -2.25% | +0.03B |
| 2023-06-30 | $1.05B | 74 | +11.39% | +8.68% | +2.71% | -0.07B |
| 2023-03-31 | $1.01B | 73 | +8.38% | +7.46% | +0.93% | -0.03B |
| 2022-12-31 | $964M | 139 | — | — | — | — |