Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.54%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.86%
steady accumulation
Rally response
-1.54%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FBNDFidelity Total Bond ETF | $47M | 11.9% | — | 4.0 yr |
| AAPLApple Inc. | $25M | 6.4% | +14.7% | 5.3 yr |
| VIGIVanguard International D | $23M | 5.8% | — | 5.3 yr |
| IJRiShares Core S&P Small-C | $21M | 5.2% | — | 5.3 yr |
| SPYVState Street SPDR Portfo | $20M | 4.9% | — | 5.3 yr |
| GUNRFlexShares Morningstar G | $19M | 4.8% | — | 5.3 yr |
| SCHPSchwab U.S. TIPS ETF | $18M | 4.6% | — | 5.3 yr |
| SPYGState Street SPDR Portfo | $18M | 4.6% | — | 5.3 yr |
| UCONFirst Trust Smith Uncons | $15M | 3.7% | — | 3.0 yr |
| VNQVanguard Real Estate ETF | $13M | 3.4% | — | 5.3 yr |
| CMFiShares California Muni | $11M | 2.9% | — | 4.0 yr |
| SCHDSchwab U.S. Dividend Equ | $9M | 2.2% | — | 1.8 yr |
| AVUVAvantis U.S. Small Cap V | $9M | 2.2% | — | 2.5 yr |
| RSPInvesco S&P 500 Equal We | $8M | 2.0% | — | 2.8 yr |
| AMGNAmgen Inc. | $8M | 2.0% | +16.5% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management41.9%-0.1pp$166M
Asset Management - Bonds19.3%+0.5pp$77M
Consumer Electronics6.4%-0.1pp$25M
Asset Management - Global4.9%+0.8pp$19M
Drug Manufacturers - General3.3%-0.1pp$13M
Semiconductors2.7%+0.6pp$11M
Internet Content & Information2.7%+0.2pp$11M
Software - Application1.4%+0.0pp$5M
Financial - Credit Services1.2%-0.7pp$5M
Software - Infrastructure1.1%-0.2pp$4M
Country
US98.7%-0.2pp
IE0.9%+0.1pp
GB0.4%+0.0pp
Top 5: 34.2% · Top 10: 55.3% · Top 25: 77.1%
Top buys this quarter · 15
| NOW ServiceNow, Inc. | +$1M |
| KKR KKR & Co. Inc.new | +$1M |
| RSSS Research Solutions, Inc. | +$0M |
| AZN AstraZeneca PLCnew | +$0M |
| CI Cigna Corporation | +$0M |
| PG The Procter & Gamble Company | +$0M |
| NFLX Netflix, Inc. | +$0M |
| MSFT Microsoft Corporation | +$3M |
| BLK BlackRock, Inc. | +$2M |
| PANW Palo Alto Networks, Inc. | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $396M | 127 | +15.40% | +17.59% | -2.19% | +0.01B |
| 2025-12-31 | $405M | 507 | +16.92% | +17.72% | -0.79% | +0.01B |
| 2025-09-30 | $377M | 120 | +14.67% | +17.52% | -2.85% | -0.01B |
| 2025-06-30 | $360M | 113 | +12.84% | +14.94% | -2.10% | -0.01B |
| 2025-03-31 | $348M | 112 | +10.27% | +8.30% | +1.97% | +0.02B |
| 2024-12-31 | $338M | 115 | +20.82% | +24.89% | -4.07% | -0.01B |
| 2024-09-30 | $338M | 117 | +31.97% | +36.04% | -4.07% | +0.00B |
| 2024-06-30 | $315M | 114 | +19.03% | +24.49% | -5.46% | -0.00B |
| 2024-03-31 | $300M | 115 | +23.57% | +29.62% | -6.05% | -0.00B |
| 2023-12-31 | $285M | 124 | +26.09% | +26.18% | -0.08% | -0.01B |
| 2023-09-30 | $261M | 136 | +19.13% | +21.57% | -2.43% | +0.02B |
| 2023-06-30 | $249M | 109 | +19.48% | +19.42% | +0.06% | -0.01B |
| 2023-03-31 | $237M | 112 | -6.00% | -7.82% | +1.82% | -0.02B |
| 2022-12-31 | $241M | 124 | -16.84% | -18.17% | +1.33% | +0.01B |
| 2022-09-30 | $220M | 120 | -12.62% | -15.51% | +2.89% | +0.00B |
| 2022-06-30 | $226M | 120 | -8.56% | -10.62% | +2.06% | +0.03B |