Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.00%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.26%
baseline attrition
Rally response
-5.18%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPMDState Street SPDR Portfo | $33M | 7.7% | — | 4.0 yr |
| SPDWState Street SPDR Portfo | $27M | 6.3% | — | 4.8 yr |
| SPYState Street SPDR S&P 50 | $24M | 5.5% | +17.6% | 6.0 yr |
| SPLGSPDR Portfolio S&P 500 E | $22M | 5.2% | — | 2.8 yr |
| SGOViShares 0-3 Month Treasu | $20M | 4.7% | — | 2.0 yr |
| IEFiShares 7-10 Year Treasu | $17M | 4.1% | — | 4.0 yr |
| SPSMState Street SPDR Portfo | $17M | 4.0% | — | 3.3 yr |
| PWVInvesco Large Cap Value | $17M | 3.9% | — | 4.0 yr |
| QQQInvesco QQQ Trust, Serie | $16M | 3.9% | — | 6.0 yr |
| SPTMState Street SPDR Portfo | $13M | 3.1% | — | 1.5 yr |
| DGROiShares Core Dividend Gr | $12M | 2.8% | — | 3.8 yr |
| CWIState Street SPDR MSCI A | $12M | 2.8% | — | 1.5 yr |
| AAPLApple Inc. | $11M | 2.5% | +14.7% | 6.0 yr |
| RSPInvesco S&P 500 Equal We | $11M | 2.5% | — | 6.0 yr |
| SPEMState Street SPDR Portfo | $11M | 2.5% | — | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management69.7%+0.2pp$296M
Asset Management - Bonds12.1%+3.0pp$51M
Asset Management - Income5.8%+1.7pp$25M
Consumer Electronics2.5%-0.4pp$11M
Asset Management - Global1.7%-0.9pp$7M
Software - Infrastructure1.5%-0.0pp$6M
Internet Content & Information1.1%+0.1pp$5M
Semiconductors0.9%+0.2pp$4M
Drug Manufacturers - General0.6%-0.6pp$3M
Unknown0.5%-0.2pp$2M
Country
US99.1%+0.3pp
Unknown0.5%-0.2pp
IE0.2%-0.2pp
TW0.1%+0.1pp
FR0.1%+0.0pp
Top 5: 29.4% · Top 10: 48.4% · Top 25: 77.6%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$1M |
| XOM Exxon Mobil Corporation | +$1M |
| O Realty Income Corporation | +$0M |
| TOTB.DE TotalEnergies SEnew | +$0M |
| LOW Lowe's Companies, Inc. | +$0M |
| NFLX Netflix, Inc. | +$0M |
| PLTR Palantir Technologies Inc. | +$4M |
| VNCE Vince Holding Corp. | +$0M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
| ET Energy Transfer LP | +$0M |
Top sells this quarter · 15
| TSLA Tesla, Inc. | −$1M |
| MDT Medtronic plcexit | −$1M |
| AAPL Apple Inc. | −$0M |
| T AT&T Inc.exit | −$0M |
| KO The Coca-Cola Companyexit | −$0M |
| PWR Quanta Services, Inc. | −$0M |
| FNF Fidelity National Financial, Iexit | −$0M |
| MSFT Microsoft Corporation | −$0M |
| COST Costco Wholesale Corporation | −$0M |
| HD The Home Depot, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $425M | 132 | +19.99% | +17.59% | +2.39% | +0.02B |
| 2025-12-31 | $428M | 134 | +23.20% | +17.72% | +5.48% | +0.00B |
| 2025-09-30 | $408M | 135 | +23.94% | +17.52% | +6.42% | -0.46B |
| 2025-06-30 | $777M | 193 | +19.40% | +14.94% | +4.46% | -0.01B |
| 2025-03-31 | $717M | 184 | +17.37% | +8.30% | +9.07% | +0.03B |
| 2024-12-31 | $705M | 170 | +28.83% | +24.89% | +3.95% | -0.02B |
| 2024-09-30 | $690M | 153 | +34.58% | +36.04% | -1.46% | +0.03B |
| 2024-06-30 | $615M | 154 | +19.57% | +24.49% | -4.92% | +0.29B |
| 2024-03-31 | $299M | 110 | +19.57% | +29.62% | -10.06% | -0.27B |
| 2023-12-31 | $538M | 162 | +20.87% | +26.18% | -5.31% | -0.04B |
| 2023-09-30 | $529M | 181 | +15.19% | +21.57% | -6.38% | +0.06B |
| 2023-06-30 | $494M | 182 | +12.87% | +19.42% | -6.55% | +0.26B |
| 2023-03-31 | $216M | 130 | -6.54% | -7.82% | +1.28% | +0.01B |
| 2022-12-31 | $188M | 126 | -17.00% | -18.17% | +1.17% | +0.01B |
| 2022-09-30 | $167M | 125 | -11.55% | -15.51% | +3.96% | +0.01B |
| 2022-06-30 | $167M | 129 | -5.17% | -10.62% | +5.45% | -0.06B |