Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.31%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.72%
baseline attrition
Rally response
+0.82%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VUGVanguard Growth ETF | $20M | 9.1% | — | 5.5 yr |
| PVALPutnam Focused Large Cap | $15M | 6.7% | — | 1.3 yr |
| AAPLApple Inc. | $14M | 6.4% | +14.7% | 5.5 yr |
| JEPIJPMorgan Equity Premium | $12M | 5.6% | — | 3.8 yr |
| JAAAJanus Henderson AAA CLO | $9M | 4.0% | — | 2.5 yr |
| JEPQJPMorgan Nasdaq Equity P | $8M | 3.8% | — | 2.3 yr |
| USIGiShares Broad USD Invest | $8M | 3.6% | — | 5.5 yr |
| VOEVanguard Mid-Cap Value E | $6M | 2.8% | — | 5.5 yr |
| VOTVanguard Mid-Cap Growth | $6M | 2.8% | — | 5.5 yr |
| HEFAiShares Currency Hedged | $5M | 2.5% | — | 1.3 yr |
| NVDANVIDIA Corporation | $4M | 2.0% | +60.9% | 5.5 yr |
| VTWGVanguard Russell 2000 Gr | $4M | 1.7% | — | 5.5 yr |
| IGSBiShares 1-5 Year Investm | $3M | 1.5% | — | 5.5 yr |
| SCHVSchwab U.S. Large-Cap Va | $3M | 1.4% | — | 5.5 yr |
| VBRVanguard Small-Cap Value | $3M | 1.3% | — | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management39.1%+0.6pp$87M
Asset Management - Income9.4%+0.3pp$21M
Consumer Electronics6.4%-0.9pp$14M
Asset Management - Bonds6.0%+1.0pp$13M
Semiconductors3.8%+1.2pp$9M
Drug Manufacturers - General3.8%+0.4pp$8M
Banks - Regional2.1%-0.6pp$5M
Internet Content & Information1.7%+0.2pp$4M
Software - Infrastructure1.5%-0.0pp$3M
Agricultural - Machinery1.3%+0.5pp$3M
Country
US97.8%-0.7pp
IE1.1%-0.1pp
GB0.8%+0.4pp
SG0.1%
CH0.1%
CA0.1%
Top 5: 31.8% · Top 10: 47.2% · Top 25: 64.9%
Top buys this quarter · 15
| GLW Corning Incorporatednew | +$0M |
| VEEV Veeva Systems Inc.new | +$0M |
| STX Seagate Technology Holdings plnew | +$0M |
| SOLS Solstice Advanced Materials In | +$0M |
| RAL Ralliant Corp. | +$1M |
| NFLX Netflix, Inc. | +$0M |
| AMZN Amazon.com, Inc. | +$1M |
| CRM Salesforce, Inc. | +$0M |
| MSFT Microsoft Corporation | +$2M |
| ADBE Adobe Inc. | +$1M |
Top sells this quarter · 15
| SOLV Solventum Corporationexit | −$0M |
| PAYX Paychex, Inc. | −$0M |
| XOM Exxon Mobil Corporation | −$1M |
| CSGP CoStar Group, Inc.exit | −$0M |
| CAH Cardinal Health, Inc.exit | −$0M |
| IP International Paper Companyexit | −$0M |
| AXP American Express Companyexit | −$0M |
| BA The Boeing Companyexit | −$0M |
| ACN Accenture plcexit | −$0M |
| UNH UnitedHealth Group Incorporateexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $223M | 170 | +18.30% | +17.59% | +0.71% | -0.00B |
| 2025-12-31 | $223M | 176 | +15.79% | +17.72% | -1.93% | -0.00B |
| 2025-09-30 | $217M | 181 | +12.06% | +17.52% | -5.46% | -0.00B |
| 2025-06-30 | $200M | 172 | +11.34% | +14.94% | -3.60% | +0.01B |
| 2025-03-31 | $183M | 160 | +7.52% | +8.30% | -0.78% | +0.01B |
| 2024-12-31 | $177M | 149 | +15.38% | +24.89% | -9.51% | -0.00B |
| 2024-09-30 | $181M | 161 | +28.54% | +36.04% | -7.50% | -0.01B |
| 2024-06-30 | $177M | 164 | +13.22% | +24.49% | -11.28% | +0.00B |
| 2024-03-31 | $172M | 162 | +18.89% | +29.62% | -10.74% | +0.01B |
| 2023-12-31 | $158M | 159 | +19.00% | +26.18% | -7.18% | -0.01B |
| 2023-09-30 | $147M | 153 | +16.29% | +21.57% | -5.28% | -0.00B |
| 2023-06-30 | $156M | 158 | +16.76% | +19.42% | -2.66% | +0.01B |
| 2023-03-31 | $139M | 140 | -4.40% | -7.82% | +3.41% | -0.00B |
| 2022-12-31 | $134M | 146 | -13.47% | -18.17% | +4.70% | +0.00B |
| 2022-09-30 | $123M | 140 | -11.70% | -15.51% | +3.81% | +0.00B |
| 2022-06-30 | $128M | 138 | -7.10% | -10.62% | +3.52% | -0.01B |