Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-24.96%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.80%
baseline attrition
Rally response
-19.24%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $81M | 5.8% | +14.7% | 6.0 yr |
| NVDANVIDIA Corporation | $77M | 5.5% | +60.9% | 6.0 yr |
| AMZNAmazon.com, Inc. | $39M | 2.8% | +9.5% | 6.0 yr |
| QQQInvesco QQQ Trust, Serie | $36M | 2.6% | — | 4.5 yr |
| MSFTMicrosoft Corporation | $31M | 2.2% | -0.6% | 5.8 yr |
| PLTRPalantir Technologies In | $24M | 1.7% | +73.3% | 5.5 yr |
| SPYState Street SPDR S&P 50 | $23M | 1.6% | +17.6% | 6.0 yr |
| AVGOBroadcom Inc. | $21M | 1.5% | +86.0% | 6.0 yr |
| TSLATesla, Inc. | $19M | 1.4% | +43.4% | 6.0 yr |
| GOOGLAlphabet Inc. | $17M | 1.2% | — | 5.0 yr |
| LLYEli Lilly and Company | $16M | 1.1% | +12.2% | 6.0 yr |
| VOOVanguard S&P 500 ETF | $15M | 1.1% | — | 6.0 yr |
| GOOGAlphabet Inc. | $15M | 1.1% | +84.3% | 3.5 yr |
| VTIVanguard Total Stock Mar | $13M | 0.9% | — | 3.3 yr |
| SGOViShares 0-3 Month Treasu | $12M | 0.9% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management32.6%+2.6pp$457M
Semiconductors8.7%+1.6pp$121M
Consumer Electronics5.8%-1.6pp$81M
Software - Infrastructure5.0%-0.1pp$70M
Asset Management - Income4.9%-0.1pp$69M
Internet Content & Information3.4%+0.7pp$48M
Specialty Retail3.3%-0.9pp$46M
Drug Manufacturers - General2.6%-0.4pp$36M
Asset Management - Bonds2.5%-0.6pp$34M
Asset Management - Global1.9%+0.3pp$26M
Country
US94.8%-2.1pp
CA2.2%+1.7pp
Unknown0.7%+0.4pp
GB0.4%+0.2pp
IE0.4%-0.1pp
TW0.3%+0.2pp
CN0.2%-0.0pp
MC0.2%+0.1pp
Top 5: 18.9% · Top 10: 26.4% · Top 25: 38.5%
Top buys this quarter · 15
| KMI Kinder Morgan, Inc. | +$2M |
| EXK Endeavour Silver Corp.new | +$2M |
| AVGO Broadcom Inc. | +$21M |
| APP AppLovin Corporation | +$1M |
| ALK Alaska Air Group, Inc. | +$1M |
| FITB Fifth Third Bancorp | +$1M |
| PYPL PayPal Holdings, Inc. | +$1M |
| CRWV CoreWeave, Inc. Class A Common | +$1M |
| KMB Kimberly-Clark Corporation | +$1M |
| HBAN Huntington Bancshares Incorpor | +$1M |
Top sells this quarter · 15
| ECCU Eagle Point Credit Company Inc | −$22M |
| LITE Lumentum Holdings Inc. | −$15M |
| LEN Lennar Corporation | −$13M |
| UNM Unum Group | −$7M |
| PHM PulteGroup, Inc. | −$6M |
| MAIN Main Street Capital Corporatio | −$6M |
| BTI British American Tobacco p.l.c | −$6M |
| ARWR Arrowhead Pharmaceuticals, Inc | −$4M |
| MO Altria Group, Inc. | −$1M |
| BE Bloom Energy Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.40B | 2213 | +42.57% | +17.59% | +24.98% | -0.01B |
| 2025-12-31 | $1.44B | 2165 | +40.50% | +17.72% | +22.78% | +0.20B |
| 2025-09-30 | $1.24B | 818 | +42.73% | +17.52% | +25.21% | -0.33B |
| 2025-06-30 | $1.21B | 821 | +16.48% | +14.94% | +1.54% | -0.04B |
| 2025-03-31 | $1.11B | 738 | +6.99% | +8.30% | -1.31% | -0.01B |
| 2024-12-31 | $1.17B | 801 | +14.09% | +24.89% | -10.80% | -17.45B |
| 2024-09-30 | $18.27B | 781 | +21.74% | +36.04% | -14.30% | +17.17B |
| 2024-06-30 | $1.04B | 2216 | +16.77% | +24.49% | -7.73% | +0.09B |
| 2024-03-31 | $924M | 745 | +24.06% | +29.62% | -5.57% | -1.29B |
| 2023-12-31 | $2.15B | 1715 | +22.00% | +26.18% | -4.18% | +1.35B |
| 2023-09-30 | $738M | 1256 | -11.17% | +21.57% | -32.74% | +0.03B |
| 2023-06-30 | $701M | 564 | -63.78% | +19.42% | -83.20% | -0.03B |
| 2023-03-31 | $670M | 1079 | -80.28% | -7.82% | -72.46% | -0.38B |
| 2022-12-31 | $1.04B | 847 | -81.39% | -18.17% | -63.22% | +0.67B |
| 2022-09-30 | $464M | 487 | -73.90% | -15.51% | -58.39% | +0.26B |
| 2022-06-30 | $499M | 458 | -36.41% | -10.62% | -25.79% | +0.15B |