Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.04%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.16%
steady accumulation
Rally response
+1.49%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BBUSJPMorgan BetaBuilders U. | $46M | 3.3% | — | 2.0 yr |
| SCHGSchwab U.S. Large-Cap Gr | $43M | 3.0% | — | 5.5 yr |
| JCPBJPMorgan Core Plus Bond | $38M | 2.7% | — | 2.5 yr |
| BUFRFT Vest Laddered Buffer | $36M | 2.6% | — | 4.8 yr |
| AAPLApple Inc. | $32M | 2.3% | +14.7% | 5.5 yr |
| EMXCiShares MSCI Emerging Ma | $30M | 2.1% | — | 2.5 yr |
| SCHVSchwab U.S. Large-Cap Va | $29M | 2.1% | — | 3.8 yr |
| NVDANVIDIA Corporation | $27M | 1.9% | +60.9% | 5.5 yr |
| SCHDSchwab U.S. Dividend Equ | $25M | 1.8% | — | 5.5 yr |
| FNDFSchwab Fundamental Inter | $24M | 1.7% | — | 5.0 yr |
| SCHFSchwab International Equ | $24M | 1.7% | — | 3.8 yr |
| SCHRSchwab Intermediate-Term | $23M | 1.6% | — | 5.5 yr |
| JIREJPMorgan International R | $21M | 1.5% | — | 1.8 yr |
| VIGVanguard Dividend Apprec | $21M | 1.5% | — | 5.5 yr |
| DYNFiShares U.S. Equity Fact | $20M | 1.4% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management68.9%+0.0pp$969M
Asset Management - Bonds5.0%+0.1pp$71M
Asset Management - Income3.5%-0.7pp$49M
Semiconductors3.1%+1.0pp$44M
Consumer Electronics2.3%-0.2pp$32M
Software - Infrastructure1.9%+0.1pp$26M
Unknown1.2%+0.7pp$17M
Internet Content & Information1.1%+0.4pp$15M
Banks - Diversified0.9%+0.1pp$13M
Specialty Retail0.9%-0.1pp$13M
Country
US97.5%-0.9pp
Unknown1.2%+0.7pp
CA0.5%+0.2pp
IE0.3%-0.2pp
TW0.1%+0.1pp
BR0.1%+0.0pp
SG0.1%
BM0.0%-0.0pp
Top 5: 13.9% · Top 10: 23.5% · Top 25: 43.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $17M | +0.01B | 60.9% |
| AAPL | $27M | +0.00B | 14.7% |
| AMZN | $11M | +0.00B | 9.5% |
| MSFT | $13M | -0.00B | -0.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $13M | -0.00B | -0.6% |
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$1M |
| AAPL Apple Inc. | +$32M |
| GOOG Alphabet Inc. | +$5M |
| TSLA Tesla, Inc. | +$6M |
| MSTR Strategy Inc | +$0M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
| AGI Alamos Gold Inc. | +$0M |
| MU Micron Technology, Inc. | +$0M |
| MSFT Microsoft Corporation | +$15M |
| ARLP Alliance Resource Partners, L. | +$0M |
Top sells this quarter · 15
| SOFI SoFi Technologies, Inc. | −$0M |
| TOTB.DE TotalEnergies SEexit | −$0M |
| IBM International Business Machine | −$0M |
| MELI MercadoLibre, Inc.exit | −$0M |
| SYY Sysco Corporationexit | −$0M |
| HBM Hudbay Minerals Inc.exit | −$0M |
| CPNG Coupang, Inc.exit | −$0M |
| LRCX Lam Research Corporation | −$3M |
| DHR Danaher Corporationexit | −$0M |
| UNH UnitedHealth Group Incorporate | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.41B | 511 | +17.33% | +17.59% | -0.26% | +0.10B |
| 2025-12-31 | $1.39B | 495 | +18.27% | +17.72% | +0.55% | +0.02B |
| 2025-09-30 | $1.35B | 485 | +22.07% | +17.52% | +4.56% | -0.04B |
| 2025-06-30 | $1.25B | 459 | +18.59% | +14.94% | +3.65% | -0.01B |
| 2025-03-31 | $1.14B | 438 | +11.10% | +8.30% | +2.80% | +0.07B |
| 2024-12-31 | $1.13B | 421 | +22.38% | +24.89% | -2.51% | -0.04B |
| 2024-09-30 | $1.12B | 409 | +31.74% | +36.04% | -4.29% | +0.00B |
| 2024-06-30 | $1.03B | 404 | +15.14% | +24.49% | -9.36% | +0.01B |
| 2024-03-31 | $988M | 392 | +18.38% | +29.62% | -11.24% | -0.00B |
| 2023-12-31 | $956M | 1264 | +14.85% | +26.18% | -11.33% | +0.01B |
| 2023-09-30 | $840M | 1356 | -0.33% | +21.57% | -21.90% | +0.03B |
| 2023-06-30 | $856M | 1381 | +0.46% | +19.42% | -18.96% | -0.00B |
| 2023-03-31 | $804M | 1289 | -22.43% | -7.82% | -14.61% | +0.09B |
| 2022-12-31 | $708M | 1152 | -26.43% | -18.17% | -8.25% | +0.06B |
| 2022-09-30 | $666M | 1182 | -16.50% | -15.51% | -0.99% | +0.01B |
| 2022-06-30 | $688M | 1072 | -11.88% | -10.62% | -1.25% | +0.04B |