Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.08%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.62%
baseline attrition
Rally response
-9.45%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PLTRPalantir Technologies In | $136M | 29.2% | +73.3% | 5.5 yr |
| DFACDimensional - US Core Eq | $54M | 11.5% | — | 5.0 yr |
| AVLCAvantis U.S. Large Cap E | $39M | 8.3% | — | 2.3 yr |
| DFICDimensional - Internatio | $20M | 4.2% | — | 3.3 yr |
| DFUSDimensional - US Equity | $19M | 4.2% | — | 2.3 yr |
| DCORDimensional - US Core Eq | $18M | 3.9% | — | 2.5 yr |
| VTIVanguard Total Stock Mar | $11M | 2.5% | — | 3.8 yr |
| VOOVanguard S&P 500 ETF | $11M | 2.3% | — | 3.8 yr |
| VNQIVanguard Global ex-U.S. | $9M | 2.0% | — | 4.5 yr |
| AVEMAvantis Emerging Markets | $8M | 1.7% | — | 3.0 yr |
| AAPLApple Inc. | $7M | 1.4% | +14.7% | 4.5 yr |
| VTVVanguard Value ETF | $6M | 1.3% | — | 3.5 yr |
| DFAUDimensional - US Core Eq | $6M | 1.2% | — | 3.3 yr |
| AVUSAvantis U.S. Equity ETF | $5M | 1.2% | — | 3.5 yr |
| XOMExxon Mobil Corporation | $5M | 1.1% | +47.6% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management56.1%-1.7pp$260M
Software - Infrastructure29.8%-3.3pp$138M
Asset Management - Global2.2%+0.4pp$10M
Asset Management - Bonds1.9%-0.6pp$9M
Consumer Electronics1.4%+0.9pp$7M
Internet Content & Information1.3%+0.5pp$6M
Oil & Gas Integrated1.2%-0.7pp$5M
Semiconductors1.1%$5M
Unknown0.8%+0.8pp$4M
Insurance - Diversified0.5%-0.3pp$2M
Country
US99.0%-1.0pp
Unknown0.8%+0.8pp
CA0.1%
IE0.1%
GB0.0%
Top 5: 57.5% · Top 10: 69.8% · Top 25: 84.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| PLTR | $104M | +0.08B | 73.3% |
| XOM | $6M | +0.00B | 47.6% |
| AAPL | $2M | +0.00B | 14.7% |
| META | $2M | -0.00B | -0.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| META | $2M | -0.00B | -0.4% |
Top buys this quarter · 15
| AAPL Apple Inc. | +$5M |
| NVDA NVIDIA Corporation | +$3M |
| MSFT Microsoft Corporation | +$2M |
| AMZN Amazon.com, Inc. | +$1M |
| NFLX Netflix, Inc. | +$1M |
| META Meta Platforms, Inc. | +$1M |
| TSLA Tesla, Inc. | +$0M |
| AMD Advanced Micro Devices, Inc. | +$0M |
| AVGO Broadcom Inc. | +$0M |
| FNV Franco-Nevada Corporationnew | +$0M |
Top sells this quarter · 15
| COP ConocoPhillipsexit | −$4M |
| AEM Agnico Eagle Mines Limited | −$3M |
| L Loews Corporation | −$3M |
| PSX Phillips 66 | −$2M |
| XOM Exxon Mobil Corporation | −$5M |
| TRV The Travelers Companies, Inc. | −$1M |
| ALL The Allstate Corporation | −$1M |
| TMO Thermo Fisher Scientific Inc. | −$0M |
| MRK Merck & Co., Inc. | −$0M |
| PB Prosperity Bancshares, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $464M | 123 | +77.75% | +17.59% | +60.16% | +0.07B |
| 2025-12-31 | $458M | 90 | +124.45% | +17.72% | +106.73% | -0.03B |
| 2025-09-30 | $494M | 82 | +302.16% | +17.52% | +284.64% | -0.04B |
| 2025-06-30 | $411M | 79 | +312.07% | +14.94% | +297.13% | -0.10B |
| 2025-03-31 | $315M | 68 | +177.40% | +8.30% | +169.10% | -0.03B |
| 2024-12-31 | $321M | 69 | +211.57% | +24.89% | +186.68% | -0.13B |
| 2024-09-30 | $255M | 75 | +95.53% | +36.04% | +59.49% | -0.03B |
| 2024-06-30 | $211M | 72 | +49.00% | +24.49% | +24.51% | +0.00B |
| 2024-03-31 | $195M | 71 | +110.73% | +29.62% | +81.10% | +0.03B |
| 2023-12-31 | $135M | 54 | +115.28% | +26.18% | +89.10% | +0.01B |
| 2023-09-30 | $114M | 52 | +47.37% | +21.57% | +25.80% | +0.02B |
| 2023-06-30 | $94M | 42 | +35.58% | +19.42% | +16.15% | -0.01B |
| 2023-03-31 | $71M | 39 | -46.16% | -7.82% | -38.35% | -0.01B |
| 2022-12-31 | $64M | 37 | -24.69% | +7.56% | -32.25% | +0.02B |
| 2022-09-30 | $54M | 25 | -5.79% | -4.93% | -0.86% | +0.00B |
| 2022-06-30 | $57M | 23 | -39.31% | -16.11% | -23.20% | -0.00B |