Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.47%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.55%
steady accumulation
Rally response
+0.17%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $58M | 28.9% | +17.6% | 5.3 yr |
| IVViShares Core S&P 500 ETF | $19M | 9.4% | — | 5.3 yr |
| IJRiShares Core S&P Small-C | $12M | 5.9% | — | 5.3 yr |
| VOVanguard Mid-Cap ETF | $12M | 5.9% | — | 5.3 yr |
| EFAiShares MSCI EAFE ETF | $9M | 4.3% | — | 5.3 yr |
| VWOVanguard FTSE Emerging M | $9M | 4.2% | — | 5.3 yr |
| IBDSiShares iBonds Dec 2027 | $5M | 2.6% | — | 5.0 yr |
| IBDViShares iBonds Dec 2030 | $5M | 2.6% | — | 5.0 yr |
| IBDXiShares iBonds Dec 2032 | $5M | 2.6% | — | 3.3 yr |
| IBDWiShares iBonds Dec 2031 | $5M | 2.5% | — | 4.0 yr |
| IBCAiShares iBonds Dec 2035 | $5M | 2.3% | — | 0.5 yr |
| IBDYiShares iBonds Dec 2033 | $5M | 2.2% | — | 2.3 yr |
| IBDZiShares iBonds Dec 2034 | $5M | 2.2% | — | 1.3 yr |
| VCLTVanguard Long-Term Corpo | $5M | 2.2% | — | 5.3 yr |
| IBDRiShares iBonds Dec 2026 | $4M | 2.2% | — | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management79.1%+8.7pp$160M
Asset Management - Bonds20.1%-9.1pp$41M
Consumer Electronics0.3%$1M
Financial - Capital Markets0.2%$0M
Food Confectioners0.1%-0.1pp$0M
Software - Application0.1%-0.0pp$0M
Asset Management - Global0.0%+0.0pp$0M
Asset Management - Leveraged0.0%-0.0pp$0M
Asset Management - Cryptocurrency0.0%$0M
Country
US100.0%+0.0pp
Top 5: 54.4% · Top 10: 68.9% · Top 25: 92.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SPY | $49M | +0.01B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$3M |
| AAPL Apple Inc. | +$0M |
| MDLZ Mondelez International, Inc. | +$0M |
| VUSE Vident U.S. Equity Strategy ET | +$0M |
| ASEA Global X - FTSE Southeast Asia | +$0M |
| QQQ Invesco QQQ Trust, Series 1 | +$0M |
| BKLN Invesco Senior Loan ETF | +$0M |
| BSCT Invesco BulletShares 2029 Corp | +$0M |
| BSCS Invesco BulletShares 2028 Corp | +$0M |
| BSCQ Invesco BulletShares 2026 Corp | +$0M |
Top sells this quarter · 15
| RSSS Research Solutions, Inc. | −$0M |
| ETHO Amplify Etho Climate Leadershi | −$0M |
| BSJT Invesco BulletShares 2029 High | −$0M |
| BSJS Invesco BulletShares 2028 High | −$0M |
| BSJR Invesco BulletShares 2027 High | −$0M |
| BSJQ Invesco BulletShares 2026 High | −$0M |
| BSJX Invesco BulletShares 2033 High | −$0M |
| BSJW Invesco BulletShares 2032 High | −$0M |
| BSJV Invesco BulletShares 2031 High | −$0M |
| BSJU Invesco BulletShares 2030 High | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $202M | 98 | +17.25% | +17.59% | -0.34% | +0.01B |
| 2025-12-31 | $202M | 89 | +17.24% | +17.72% | -0.48% | +0.04B |
| 2025-09-30 | $156M | 78 | +17.41% | +17.52% | -0.11% | -0.05B |
| 2025-06-30 | $188M | 88 | +14.94% | +14.94% | +0.00% | +0.01B |
| 2025-03-31 | $162M | 87 | +8.12% | +8.30% | -0.18% | +0.01B |
| 2024-12-31 | $161M | 88 | +24.62% | +24.89% | -0.27% | -0.01B |
| 2024-09-30 | $162M | 106 | +35.85% | +36.04% | -0.19% | -0.01B |
| 2024-06-30 | $161M | 107 | +24.19% | +24.49% | -0.30% | +0.00B |
| 2024-03-31 | $152M | 106 | +29.61% | +29.62% | -0.01% | -0.00B |
| 2023-12-31 | $138M | 111 | +26.40% | +26.18% | +0.22% | -0.00B |
| 2023-09-30 | $124M | 89 | +21.57% | +21.57% | +0.00% | +0.00B |
| 2023-06-30 | $125M | 86 | +19.52% | +19.42% | +0.10% | -0.01B |
| 2023-03-31 | $121M | 88 | -7.49% | -7.82% | +0.33% | +0.00B |
| 2022-12-31 | $111M | 90 | -17.88% | -18.17% | +0.29% | +0.00B |
| 2022-09-30 | $102M | 91 | -15.20% | -15.51% | +0.30% | +0.00B |
| 2022-06-30 | $107M | 100 | -10.37% | -10.62% | +0.25% | +0.01B |