Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.38%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.48%
steady accumulation
Rally response
-0.19%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYVState Street SPDR Portfo | $55M | 13.3% | — | 5.0 yr |
| VEAVanguard FTSE Developed | $50M | 12.2% | — | 5.0 yr |
| SPYGState Street SPDR Portfo | $35M | 8.4% | — | 5.0 yr |
| BOXXAlpha Architect 1-3 Mont | $33M | 8.0% | — | 2.0 yr |
| IJHiShares Core S&P Mid-Cap | $22M | 5.4% | — | 5.0 yr |
| IJRiShares Core S&P Small-C | $22M | 5.3% | — | 5.0 yr |
| VWOVanguard FTSE Emerging M | $20M | 4.8% | — | 5.0 yr |
| FLRNState Street SPDR Bloomb | $16M | 3.9% | — | 2.0 yr |
| VGSHVanguard Short-Term Trea | $16M | 3.8% | — | 4.0 yr |
| GDXVanEck Gold Miners ETF | $14M | 3.4% | — | 4.0 yr |
| PGHYInvesco Global ex-US Hig | $14M | 3.4% | — | 5.0 yr |
| XLEState Street Energy Sele | $14M | 3.3% | — | 5.0 yr |
| LITGlobal X - Lithium & Bat | $13M | 3.3% | — | 2.3 yr |
| EWPiShares MSCI Spain ETF | $12M | 2.9% | — | 5.0 yr |
| ECHiShares MSCI Chile ETF | $11M | 2.8% | — | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management90.0%+0.0pp$369M
Asset Management - Bonds4.5%-0.4pp$18M
Asset Management - Leveraged3.9%-0.1pp$16M
Biotechnology0.3%+0.2pp$1M
Consumer Electronics0.2%-0.0pp$1M
Drug Manufacturers - General0.2%+0.1pp$1M
Software - Infrastructure0.2%-0.0pp$1M
Industrial - Machinery0.2%+0.0pp$1M
Oil & Gas Integrated0.1%+0.1pp$0M
Electrical Equipment & Parts0.1%+0.1pp$0M
Country
US99.8%-0.0pp
GB0.2%+0.0pp
Top 5: 47.3% · Top 10: 68.5% · Top 25: 95.6%
Top buys this quarter · 15
| AIRG Airgain, Inc.new | +$0M |
| XOM Exxon Mobil Corporationnew | +$0M |
| KO The Coca-Cola Companynew | +$0M |
| LQDA Liquidia Corporation | +$0M |
| PLTR Palantir Technologies Inc. | +$0M |
| CVX Chevron Corporation | +$0M |
| WEN The Wendy's Company | +$0M |
| MSFT Microsoft Corporation | +$1M |
| JNJ Johnson & Johnson | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$1M |
Top sells this quarter · 14
| CLF Cleveland-Cliffs Inc. | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
| FLBR Franklin FTSE Brazil ETF | −$2M |
| LIT Global X - Lithium & Battery T | −$13M |
| EWZ iShares MSCI Brazil ETF | −$9M |
| ECH iShares MSCI Chile ETF | −$0M |
| ITOT iShares Core S&P Total U.S. St | −$0M |
| MUB iShares National Muni Bond ETF | −$0M |
| AKRE Akre Focus ETF | −$0M |
| SPSB State Street SPDR Portfolio Sh | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $410M | 63 | +33.08% | +17.59% | +15.49% | +0.02B |
| 2025-12-31 | $405M | 59 | +27.76% | +17.72% | +10.04% | +0.01B |
| 2025-09-30 | $372M | 56 | +24.41% | +17.52% | +6.89% | -0.04B |
| 2025-06-30 | $339M | 53 | +7.39% | +14.94% | -7.55% | -0.00B |
| 2025-03-31 | $315M | 53 | +2.33% | +8.30% | -5.98% | +0.03B |
| 2024-12-31 | $309M | 52 | +22.10% | +24.89% | -2.78% | -0.02B |
| 2024-09-30 | $321M | 51 | +33.23% | +36.04% | -2.80% | +0.00B |
| 2024-06-30 | $306M | 50 | +12.90% | +24.49% | -11.59% | -0.00B |
| 2024-03-31 | $297M | 50 | +20.58% | +29.62% | -9.04% | -0.01B |
| 2023-12-31 | $277M | 44 | +6.45% | +26.18% | -19.73% | -0.01B |
| 2023-09-30 | $254M | 42 | +6.42% | +21.57% | -15.15% | +0.03B |
| 2023-06-30 | $260M | 41 | +14.06% | +19.42% | -5.36% | -0.02B |
| 2023-03-31 | $250M | 41 | -13.02% | -7.82% | -5.20% | +0.02B |
| 2022-12-31 | $233M | 35 | +12.40% | +7.56% | +4.84% | +0.00B |
| 2022-09-30 | $203M | 31 | -5.84% | -4.93% | -0.91% | +0.01B |
| 2022-06-30 | $211M | 35 | -15.92% | -16.11% | +0.19% | +0.03B |