Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.85%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.85%
baseline attrition
Rally response
-1.34%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $7M | 3.8% | +60.9% | 5.5 yr |
| IJRiShares Core S&P Small-C | $5M | 2.7% | — | 5.5 yr |
| MSFTMicrosoft Corporation | $5M | 2.6% | -0.6% | 5.5 yr |
| AVGOBroadcom Inc. | $4M | 2.3% | +86.0% | 5.5 yr |
| AAPLApple Inc. | $4M | 2.3% | +14.7% | 5.5 yr |
| ABBVAbbVie Inc. | $4M | 2.3% | +7.3% | 5.5 yr |
| VVisa Inc. | $4M | 2.2% | -13.1% | 5.5 yr |
| AMGNAmgen Inc. | $4M | 2.2% | +16.5% | 5.5 yr |
| VNQVanguard Real Estate ETF | $4M | 2.1% | — | 5.5 yr |
| JPMJPMorgan Chase & Co. | $4M | 2.0% | +21.8% | 5.5 yr |
| RTXRTX Corporation | $3M | 1.9% | +48.1% | 5.5 yr |
| CSCOCisco Systems, Inc. | $3M | 1.9% | +28.1% | 5.5 yr |
| DVYiShares Select Dividend | $3M | 1.9% | — | 5.5 yr |
| VOOVanguard S&P 500 ETF | $3M | 1.8% | — | 5.5 yr |
| WMTWalmart Inc. | $3M | 1.7% | +42.8% | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management26.2%+2.5pp$47M
Semiconductors12.2%+3.7pp$22M
Drug Manufacturers - General7.1%-1.0pp$13M
Financial - Credit Services4.1%-1.1pp$7M
Software - Infrastructure3.8%-1.4pp$7M
Beverages - Non-Alcoholic2.9%-0.3pp$5M
Aerospace & Defense2.9%+0.6pp$5M
Internet Content & Information2.8%+0.6pp$5M
Financial - Capital Markets2.8%+0.1pp$5M
Medical - Devices2.8%-1.5pp$5M
Country
US96.2%-0.9pp
IE1.1%-0.2pp
CH0.9%+0.8pp
CA0.8%+0.5pp
Unknown0.6%+0.5pp
BR0.1%+0.0pp
TW0.0%+0.0pp
CN0.0%-0.0pp
Top 5: 13.7% · Top 10: 24.5% · Top 25: 48.5%
Top buys this quarter · 15
| CB Chubb Limited | +$1M |
| AMD Advanced Micro Devices, Inc. | +$1M |
| VEEV Veeva Systems Inc. | +$1M |
| DOC Healthpeak Properties, Inc. | +$1M |
| KLAC KLA Corporation | +$1M |
| JPM JPMorgan Chase & Co. | +$1M |
| SNOW Snowflake Inc. | +$0M |
| COST Costco Wholesale Corporation | +$0M |
| AAPL Apple Inc. | +$0M |
| SHOP Shopify Inc. | +$0M |
Top sells this quarter · 15
| ORCL Oracle Corporation | −$2M |
| MU Micron Technology, Inc. | −$1M |
| AVGO Broadcom Inc. | −$1M |
| UBER Uber Technologies, Inc. | −$1M |
| NFLX Netflix, Inc. | −$0M |
| AXON Axon Enterprise, Inc.exit | −$0M |
| NOW ServiceNow, Inc. | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| SPGI S&P Global Inc. | −$0M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $181M | 976 | +14.85% | +17.59% | -2.74% | +0.01B |
| 2025-12-31 | $183M | 939 | +15.17% | +17.72% | -2.54% | +0.00B |
| 2025-09-30 | $177M | 953 | +17.15% | +17.52% | -0.37% | +0.00B |
| 2025-06-30 | $161M | 979 | +16.32% | +14.94% | +1.37% | -0.00B |
| 2025-03-31 | $147M | 987 | +7.06% | +8.30% | -1.24% | +0.00B |
| 2024-12-31 | $151M | 953 | +18.98% | +24.89% | -5.90% | +0.00B |
| 2024-09-30 | $146M | 982 | +30.99% | +36.04% | -5.04% | +0.01B |
| 2024-06-30 | $126M | 783 | +16.27% | +24.49% | -8.23% | +0.01B |
| 2024-03-31 | $116M | 711 | +19.46% | +29.62% | -10.16% | +0.00B |
| 2023-12-31 | $105M | 718 | +17.72% | +26.18% | -8.45% | -0.03B |
| 2023-09-30 | $123M | 795 | +9.51% | +21.57% | -12.06% | +0.00B |
| 2023-06-30 | $129M | 800 | +7.43% | +19.42% | -12.00% | +0.00B |
| 2023-03-31 | $123M | 767 | -11.75% | -7.82% | -3.93% | +0.00B |
| 2022-12-31 | $117M | 772 | -19.87% | -18.17% | -1.69% | -0.01B |
| 2022-09-30 | $124M | 810 | -15.58% | -15.51% | -0.07% | -0.00B |
| 2022-06-30 | $137M | 827 | -8.51% | -10.62% | +2.11% | +0.01B |