Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.11%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.48%
steady accumulation
Rally response
+3.26%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FNDFSchwab Fundamental Inter | $51M | 7.0% | — | 3.3 yr |
| VIGVanguard Dividend Apprec | $43M | 5.9% | — | 5.3 yr |
| IVViShares Core S&P 500 ETF | $41M | 5.7% | — | 5.3 yr |
| VCITVanguard Intermediate-Te | $35M | 4.8% | — | 4.8 yr |
| IWFiShares Russell 1000 Gro | $31M | 4.3% | — | 3.0 yr |
| JPIEJPMorgan Income ETF | $30M | 4.1% | — | 4.3 yr |
| QQQInvesco QQQ Trust, Serie | $25M | 3.5% | — | 4.5 yr |
| JPSTJPMorgan Ultra-Short Inc | $23M | 3.1% | — | 4.3 yr |
| VGTVanguard Information Tec | $21M | 2.9% | — | 5.3 yr |
| VYMIVanguard International H | $15M | 2.1% | — | 4.3 yr |
| VYMVanguard High Dividend Y | $15M | 2.0% | — | 5.3 yr |
| AAPLApple Inc. | $15M | 2.0% | +14.7% | 5.3 yr |
| AVUVAvantis U.S. Small Cap V | $14M | 1.9% | — | 0.3 yr |
| SPYState Street SPDR S&P 50 | $14M | 1.9% | +17.6% | 2.8 yr |
| IEMGiShares Core MSCI Emergi | $14M | 1.9% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management60.3%+1.1pp$441M
Asset Management - Income9.5%+1.1pp$70M
Asset Management - Bonds7.5%+0.1pp$55M
Internet Content & Information2.6%+0.3pp$19M
Software - Infrastructure2.4%-0.5pp$18M
Semiconductors2.1%+0.5pp$15M
Consumer Electronics2.0%-0.2pp$15M
Specialty Retail1.5%-0.2pp$11M
Insurance - Diversified1.1%-0.2pp$8M
Discount Stores1.0%-0.2pp$7M
Country
US99.4%-0.1pp
CA0.2%+0.1pp
MX0.1%-0.0pp
IE0.1%-0.0pp
NL0.1%
Unknown0.1%-0.1pp
UY0.0%
JP0.0%-0.0pp
Top 5: 27.7% · Top 10: 43.4% · Top 25: 66.1%
Top buys this quarter · 15
| NXP Nuveen Select Tax-Free Income | +$1M |
| XOM Exxon Mobil Corporation | +$1M |
| JNJ Johnson & Johnson | +$1M |
| WPM Wheaton Precious Metals Corp. | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$14M |
| AMZN Amazon.com, Inc. | +$11M |
| MELI MercadoLibre, Inc.new | +$0M |
| TSM Taiwan Semiconductor Manufactunew | +$0M |
| SNDK Sandisk Corporationnew | +$0M |
| INTU Intuit Inc.new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $731M | 214 | +17.09% | +17.59% | -0.50% | +0.05B |
| 2025-12-31 | $723M | 217 | +18.12% | +17.72% | +0.40% | +0.03B |
| 2025-09-30 | $682M | 213 | +23.57% | +17.52% | +6.05% | +0.02B |
| 2025-06-30 | $617M | 190 | +19.37% | +14.94% | +4.43% | -0.01B |
| 2025-03-31 | $550M | 180 | +9.52% | +8.30% | +1.21% | +0.04B |
| 2024-12-31 | $540M | 172 | +23.48% | +24.89% | -1.41% | -0.01B |
| 2024-09-30 | $517M | 166 | +32.81% | +36.04% | -3.22% | +0.01B |
| 2024-06-30 | $490M | 159 | +24.95% | +24.49% | +0.46% | +0.00B |
| 2024-03-31 | $466M | 157 | +30.28% | +29.62% | +0.66% | +0.01B |
| 2023-12-31 | $426M | 144 | +33.08% | +26.18% | +6.90% | -0.00B |
| 2023-09-30 | $378M | 132 | +20.37% | +21.57% | -1.19% | -0.00B |
| 2023-06-30 | $386M | 135 | +17.84% | +19.42% | -1.58% | -0.00B |
| 2023-03-31 | $357M | 137 | -7.73% | -7.82% | +0.09% | -0.00B |
| 2022-12-31 | $330M | 129 | +2.72% | +7.56% | -4.84% | +0.02B |
| 2022-09-30 | $301M | 116 | -3.74% | -4.93% | +1.18% | +0.01B |
| 2022-06-30 | $307M | 114 | -14.83% | -16.11% | +1.28% | +0.03B |