Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.41%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.89%
baseline attrition
Rally response
-2.69%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $33M | 5.9% | +14.7% | 5.8 yr |
| NVDANVIDIA Corporation | $24M | 4.3% | +60.9% | 5.8 yr |
| MSFTMicrosoft Corporation | $13M | 2.3% | -0.6% | 5.8 yr |
| AMZNAmazon.com, Inc. | $10M | 1.9% | +9.5% | 5.8 yr |
| PULSPGIM Ultra Short Bond ET | $10M | 1.7% | — | 2.3 yr |
| JPMJPMorgan Chase & Co. | $9M | 1.6% | +21.8% | 5.8 yr |
| IVViShares Core S&P 500 ETF | $9M | 1.6% | — | 5.8 yr |
| DGRWWisdomTree U.S. Quality | $8M | 1.5% | — | 3.8 yr |
| GOOGLAlphabet Inc. | $8M | 1.5% | — | 5.8 yr |
| DUKDuke Energy Corporation | $8M | 1.4% | +11.2% | 5.8 yr |
| AVGOBroadcom Inc. | $7M | 1.3% | +86.0% | 5.8 yr |
| SPYState Street SPDR S&P 50 | $7M | 1.3% | +17.6% | 5.8 yr |
| FBNCFirst Bancorp | $7M | 1.2% | +43.0% | 5.8 yr |
| BILState Street SPDR Bloomb | $7M | 1.2% | — | 4.0 yr |
| CGDGCapital Group Dividend G | $6M | 1.2% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management40.6%+4.2pp$225M
Semiconductors7.2%+1.3pp$40M
Consumer Electronics5.9%-1.0pp$33M
Software - Infrastructure3.1%-0.8pp$17M
Drug Manufacturers - General2.7%-0.3pp$15M
Banks - Diversified2.5%+0.0pp$14M
Regulated Electric2.5%-0.2pp$14M
Internet Content & Information2.3%+0.3pp$13M
Asset Management - Income2.3%-0.4pp$13M
Banks - Regional2.3%+0.2pp$13M
Country
US96.8%+0.0pp
IE0.8%-0.2pp
Unknown0.7%-0.0pp
CA0.5%+0.1pp
TW0.4%+0.2pp
GB0.4%-0.0pp
CH0.2%-0.0pp
SG0.1%
Top 5: 16.1% · Top 10: 23.7% · Top 25: 39.7%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $16M | +0.01B | 60.9% |
| AAPL | $28M | +0.00B | 14.7% |
| AVGO | $4M | +0.00B | 86.0% |
| FBNC | $5M | +0.00B | 43.0% |
| JNJ | $3M | +0.00B | 51.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $13M | -0.00B | -0.6% |
Top buys this quarter · 15
| UNH UnitedHealth Group Incorporate | +$1M |
| ICMB Investcorp Credit Management Bnew | +$0M |
| OXLC Oxford Lane Capital Corp. | +$0M |
| AMD Advanced Micro Devices, Inc. | +$0M |
| NFLX Netflix, Inc. | +$0M |
| AZN AstraZeneca PLCnew | +$0M |
| DUK Duke Energy Corporation | +$0M |
| PLTR Palantir Technologies Inc. | +$0M |
| WSBC WesBanco, Inc. | +$0M |
| SBUX Starbucks Corporation | +$0M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$1M |
| CEG Constellation Energy Corporatiexit | −$0M |
| SPOT Spotify Technology S.A.exit | −$0M |
| NOW ServiceNow, Inc.exit | −$0M |
| VZ Verizon Communications Inc. | −$0M |
| ALL The Allstate Corporationexit | −$0M |
| PINS Pinterest, Inc.exit | −$0M |
| EXPE Expedia Group, Inc.exit | −$0M |
| HSY The Hershey Companyexit | −$0M |
| ADBE Adobe Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $555M | 728 | +20.61% | +17.59% | +3.02% | +0.03B |
| 2025-12-31 | $530M | 601 | +18.17% | +17.72% | +0.45% | -0.01B |
| 2025-09-30 | $531M | 705 | +18.67% | +17.52% | +1.15% | +0.05B |
| 2025-06-30 | $440M | 538 | +16.37% | +14.94% | +1.43% | -0.01B |
| 2025-03-31 | $412M | 609 | +9.97% | +8.30% | +1.67% | +0.06B |
| 2024-12-31 | $363M | 570 | +20.28% | +24.89% | -4.60% | -0.00B |
| 2024-09-30 | $359M | 581 | +32.41% | +36.04% | -3.63% | -0.00B |
| 2024-06-30 | $337M | 554 | +17.46% | +24.49% | -7.03% | -0.01B |
| 2024-03-31 | $332M | 550 | +19.53% | +29.62% | -10.09% | +0.06B |
| 2023-12-31 | $258M | 487 | +18.22% | +26.18% | -7.96% | +0.00B |
| 2023-09-30 | $229M | 471 | +13.51% | +21.57% | -8.06% | -0.01B |
| 2023-06-30 | $253M | 502 | +14.50% | +19.42% | -4.92% | +0.04B |
| 2023-03-31 | $200M | 450 | -4.90% | -7.82% | +2.92% | -0.03B |
| 2022-12-31 | $218M | 473 | -13.33% | -18.17% | +4.85% | +0.01B |
| 2022-09-30 | $196M | 467 | -10.80% | -15.51% | +4.71% | +0.01B |
| 2022-06-30 | $197M | 492 | -6.44% | -10.62% | +4.18% | -0.00B |