Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.23%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.49%
baseline attrition
Rally response
-5.14%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHDSchwab U.S. Dividend Equ | $92M | 5.4% | — | 5.5 yr |
| VUGVanguard Growth ETF | $83M | 4.9% | — | 5.5 yr |
| SCHGSchwab U.S. Large-Cap Gr | $76M | 4.5% | — | 5.5 yr |
| PJFGPGIM Jennison Focused Gr | $70M | 4.1% | — | 3.3 yr |
| SCHXSchwab U.S. Large-Cap ET | $61M | 3.6% | — | 5.5 yr |
| LMBSFirst Trust Low Duration | $56M | 3.3% | — | 3.5 yr |
| JCPBJPMorgan Core Plus Bond | $41M | 2.4% | — | 2.3 yr |
| AAPLApple Inc. | $40M | 2.3% | +14.7% | 5.5 yr |
| RAAXVanEck Real Assets ETF | $33M | 1.9% | — | 0.3 yr |
| PYLDPIMCO Multisector Bond A | $30M | 1.8% | — | 2.3 yr |
| HTRBHartford Total Return Bo | $30M | 1.8% | — | 5.3 yr |
| CHRWC.H. Robinson Worldwide, | $23M | 1.3% | +65.3% | 5.5 yr |
| NVDANVIDIA Corporation | $22M | 1.3% | +60.9% | 5.5 yr |
| BONDPIMCO Active Bond Exchan | $22M | 1.3% | — | 1.5 yr |
| DFAIDimensional - Internatio | $21M | 1.3% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management58.6%+5.8pp$997M
Asset Management - Bonds5.8%-1.3pp$98M
Consumer Electronics2.3%-0.4pp$40M
Semiconductors2.2%+0.4pp$37M
Information Technology Services2.0%+0.0pp$34M
Software - Infrastructure1.9%-0.4pp$32M
Asset Management - Income1.9%+0.5pp$32M
Integrated Freight & Logistics1.7%+0.0pp$29M
Drug Manufacturers - General1.7%-0.3pp$28M
Internet Content & Information1.6%+0.5pp$27M
Country
US98.5%-0.1pp
IE0.5%-0.0pp
CH0.4%-0.1pp
CA0.2%+0.0pp
Unknown0.2%+0.1pp
TW0.1%+0.0pp
GB0.0%-0.0pp
JP0.0%-0.0pp
Top 5: 22.4% · Top 10: 34.2% · Top 25: 51.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CHRW | $16M | +0.01B | 65.3% |
| NVDA | $15M | +0.01B | 60.9% |
| AAPL | $38M | +0.01B | 14.7% |
| SPY | $15M | +0.00B | 17.6% |
| AMZN | $18M | +0.00B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $15M | -0.00B | -0.6% |
Top buys this quarter · 15
| VLO Valero Energy Corporation | +$8M |
| KR The Kroger Co. | +$7M |
| ABT Abbott Laboratories | +$6M |
| ECL Ecolab Inc. | +$6M |
| DDOG Datadog, Inc.new | +$6M |
| CRWD CrowdStrike Holdings, Inc. | +$5M |
| AOS A. O. Smith Corporationnew | +$5M |
| CTAS Cintas Corporation | +$5M |
| INTU Intuit Inc. | +$5M |
| ROL Rollins, Inc.new | +$5M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$17M |
| APA APA Corporation | −$10M |
| L Loews Corporation | −$7M |
| LMT Lockheed Martin Corporation | −$7M |
| PEP PepsiCo, Inc. | −$6M |
| NWSA News Corporationexit | −$5M |
| OMC Omnicom Group Inc.exit | −$5M |
| AVY Avery Dennison Corporationexit | −$5M |
| J Jacobs Solutions Inc. | −$5M |
| FTNT Fortinet, Inc.exit | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.70B | 459 | +20.73% | +17.59% | +3.13% | +0.08B |
| 2025-12-31 | $1.65B | 455 | +20.84% | +17.72% | +3.12% | -0.05B |
| 2025-09-30 | $1.60B | 435 | +14.31% | +17.52% | -3.21% | -0.00B |
| 2025-06-30 | $1.47B | 411 | +16.52% | +14.94% | +1.58% | +0.01B |
| 2025-03-31 | $1.37B | 409 | +13.86% | +8.30% | +5.56% | +0.01B |
| 2024-12-31 | $1.39B | 407 | +23.86% | +24.89% | -1.03% | +0.06B |
| 2024-09-30 | $1.32B | 387 | +36.01% | +36.04% | -0.03% | -0.00B |
| 2024-06-30 | $1.20B | 359 | +18.88% | +24.49% | -5.61% | -0.00B |
| 2024-03-31 | $1.15B | 358 | +21.09% | +29.62% | -8.53% | +0.12B |
| 2023-12-31 | $964M | 303 | +17.77% | +26.18% | -8.41% | +0.00B |
| 2023-09-30 | $869M | 274 | +15.20% | +21.57% | -6.36% | +0.02B |
| 2023-06-30 | $879M | 283 | +11.03% | +19.42% | -8.39% | +0.00B |
| 2023-03-31 | $828M | 263 | -6.55% | -7.82% | +1.27% | +0.04B |
| 2022-12-31 | $754M | 254 | -14.28% | -18.17% | +3.89% | +0.02B |
| 2022-09-30 | $678M | 230 | -11.92% | -15.51% | +3.59% | +0.05B |
| 2022-06-30 | $676M | 237 | -5.10% | -10.62% | +5.52% | -0.02B |