Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.57%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.65%
steady accumulation
Rally response
-3.67%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLDSPDR Gold Shares | $20M | 3.8% | — | 6.0 yr |
| HGERHarbor Commodity All-Wea | $18M | 3.4% | — | 2.3 yr |
| NVDANVIDIA Corporation | $14M | 2.6% | +60.9% | 6.0 yr |
| FTSMFirst Trust Enhanced Sho | $13M | 2.5% | — | 6.0 yr |
| JNJJohnson & Johnson | $12M | 2.3% | +51.5% | 6.0 yr |
| AAPLApple Inc. | $12M | 2.3% | +14.7% | 6.0 yr |
| AMGNAmgen Inc. | $10M | 1.9% | +16.5% | 2.3 yr |
| EPDEnterprise Products Part | $10M | 1.8% | +18.7% | 3.5 yr |
| CVXChevron Corporation | $10M | 1.8% | +29.2% | 3.5 yr |
| GOOGAlphabet Inc. | $9M | 1.8% | +84.3% | 4.8 yr |
| PBRPetróleo Brasileiro S.A | $9M | 1.8% | +54.2% | 0.5 yr |
| VRTVertiv Holdings Co | $9M | 1.6% | +247.5% | 0.8 yr |
| LLYEli Lilly and Company | $9M | 1.6% | +12.2% | 2.8 yr |
| MOAltria Group, Inc. | $8M | 1.6% | +15.8% | 4.3 yr |
| PEPPepsiCo, Inc. | $8M | 1.5% | +7.7% | 6.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management9.8%+0.5pp$52M
Drug Manufacturers - General7.4%+2.6pp$39M
Semiconductors7.4%+2.7pp$39M
Oil & Gas Midstream5.7%+2.5pp$30M
Oil & Gas Integrated4.5%+1.9pp$24M
Internet Content & Information3.3%+1.3pp$18M
Regulated Electric3.1%-0.8pp$16M
Oil & Gas Equipment & Services2.8%+2.4pp$15M
Consumer Electronics2.7%-0.0pp$14M
Insurance - Diversified2.7%+0.4pp$14M
Country
US91.6%-0.6pp
IE2.1%-0.6pp
GB1.9%+1.5pp
BR1.8%+1.3pp
Unknown1.6%+1.2pp
JP0.8%-0.2pp
CA0.1%-0.3pp
CH0.0%
Top 5: 14.6% · Top 10: 24.2% · Top 25: 46.7%
Top buys this quarter · 15
| PEP PepsiCo, Inc. | +$6M |
| AR Antero Resources Corporationnew | +$5M |
| LLY Eli Lilly and Company | +$5M |
| OKE ONEOK, Inc.new | +$5M |
| CMC Commercial Metals Companynew | +$4M |
| SAIC Science Applications Internatinew | +$3M |
| CAT Caterpillar Inc. | +$3M |
| TMO Thermo Fisher Scientific Inc.new | +$3M |
| DPZ Domino's Pizza, Inc.new | +$3M |
| EPD Enterprise Products Partners L | +$2M |
Top sells this quarter · 15
| OVV Ovintiv Inc.exit | −$5M |
| GPC Genuine Parts Companyexit | −$5M |
| EXPE Expedia Group, Inc.exit | −$5M |
| HLIT Harmonic Inc.exit | −$4M |
| NRG NRG Energy, Inc.exit | −$4M |
| JPM JPMorgan Chase & Co. | −$3M |
| BAH Booz Allen Hamilton Holding Coexit | −$2M |
| MCO Moody's Corporationexit | −$2M |
| HRI Herc Holdings Inc.exit | −$2M |
| MRK Merck & Co., Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $532M | 164 | +26.95% | +17.59% | +9.36% | -0.00B |
| 2025-12-31 | $505M | 164 | +18.44% | +17.72% | +0.72% | +0.02B |
| 2025-09-30 | $469M | 164 | +11.85% | +17.52% | -5.67% | +0.02B |
| 2025-06-30 | $411M | 156 | +12.13% | +14.94% | -2.81% | +0.01B |
| 2025-03-31 | $380M | 167 | +4.24% | +8.30% | -4.06% | +0.01B |
| 2024-12-31 | $381M | 163 | +13.97% | +24.89% | -10.92% | +0.00B |
| 2024-09-30 | $386M | 175 | +27.38% | +36.04% | -8.66% | -0.00B |
| 2024-06-30 | $359M | 177 | +14.10% | +24.49% | -10.40% | +0.02B |
| 2024-03-31 | $348M | 169 | +18.97% | +29.62% | -10.66% | +0.01B |
| 2023-12-31 | $316M | 161 | +14.55% | +26.18% | -11.63% | +0.01B |
| 2023-09-30 | $282M | 163 | +14.73% | +21.57% | -6.83% | -0.00B |
| 2023-06-30 | $290M | 159 | +10.56% | +19.42% | -8.87% | -0.00B |
| 2023-03-31 | $284M | 159 | -12.55% | -7.82% | -4.73% | +0.01B |
| 2022-12-31 | $267M | 160 | +10.27% | +7.56% | +2.71% | +0.01B |
| 2022-09-30 | $233M | 140 | -5.90% | -4.93% | -0.97% | +0.00B |
| 2022-06-30 | $247M | 137 | -18.75% | -16.11% | -2.64% | +0.02B |