Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.17%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.86%
baseline attrition
Rally response
-6.73%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FLOTiShares Floating Rate Bo | $35M | 9.6% | — | 2.3 yr |
| AAPLApple Inc. | $30M | 8.3% | +14.7% | 5.5 yr |
| DIVIFranklin International C | $23M | 6.5% | — | 3.8 yr |
| VOVanguard Mid-Cap ETF | $15M | 4.2% | — | 5.5 yr |
| EYLDCambria Emerging Shareho | $12M | 3.3% | — | 3.8 yr |
| DGROiShares Core Dividend Gr | $12M | 3.2% | — | 5.5 yr |
| MGCVanguard Mega Cap ETF | $11M | 3.1% | — | 5.5 yr |
| SCHGSchwab U.S. Large-Cap Gr | $11M | 3.0% | — | 5.5 yr |
| VBVanguard Small-Cap ETF | $10M | 2.7% | — | 5.5 yr |
| IAUiShares Gold Trust | $8M | 2.1% | — | 4.3 yr |
| NVDANVIDIA Corporation | $7M | 1.9% | +60.9% | 5.5 yr |
| COSTCostco Wholesale Corpora | $6M | 1.7% | +5.9% | 5.5 yr |
| VBRVanguard Small-Cap Value | $5M | 1.2% | — | 5.5 yr |
| CVXChevron Corporation | $4M | 1.2% | +29.2% | 5.5 yr |
| EWEdwards Lifesciences Cor | $4M | 1.1% | +10.5% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management41.2%+3.1pp$150M
Asset Management - Bonds13.8%+8.8pp$50M
Consumer Electronics8.3%-4.9pp$30M
Semiconductors4.1%+0.3pp$15M
Regulated Electric1.9%+1.2pp$7M
Discount Stores1.8%+0.2pp$6M
Oil & Gas Integrated1.7%+0.3pp$6M
Oil & Gas Exploration & Production1.7%-0.3pp$6M
Communication Equipment1.5%+1.3pp$5M
Medical - Distribution1.5%-0.3pp$5M
Country
US99.1%-0.2pp
CA0.7%
IE0.1%-0.1pp
TW0.1%
Top 5: 31.8% · Top 10: 46.0% · Top 25: 62.1%
Top buys this quarter · 15
| NEE NextEra Energy, Inc. | +$2M |
| COST Costco Wholesale Corporation | +$2M |
| LRCX Lam Research Corporationnew | +$1M |
| SNDK Sandisk Corporationnew | +$1M |
| MU Micron Technology, Inc. | +$1M |
| CC The Chemours Companynew | +$1M |
| LYB LyondellBasell Industries N.V.new | +$1M |
| ACHC Acadia Healthcare Company, Incnew | +$1M |
| CELH Celsius Holdings, Inc. | +$1M |
| TPL Texas Pacific Land Corporation | +$1M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$13M |
| LNG Cheniere Energy, Inc. | −$4M |
| PLTR Palantir Technologies Inc.exit | −$3M |
| CNQ Canadian Natural Resources Lim | −$3M |
| DPZ Domino's Pizza, Inc.exit | −$3M |
| CVX Chevron Corporation | −$2M |
| MDT Medtronic plcexit | −$2M |
| IBKR Interactive Brokers Group, Incexit | −$2M |
| CBRE CBRE Group, Inc.exit | −$2M |
| MCD McDonald's Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $363M | 170 | +23.77% | +17.59% | +6.17% | -0.02B |
| 2025-12-31 | $384M | 175 | +16.38% | +17.72% | -1.34% | -0.00B |
| 2025-09-30 | $381M | 182 | +21.50% | +17.52% | +3.98% | +0.02B |
| 2025-06-30 | $328M | 170 | +16.22% | +14.94% | +1.28% | +0.02B |
| 2025-03-31 | $281M | 165 | +10.98% | +8.30% | +2.68% | +0.00B |
| 2024-12-31 | $295M | 168 | +28.10% | +24.89% | +3.22% | -0.02B |
| 2024-09-30 | $297M | 170 | +32.93% | +36.04% | -3.11% | +0.02B |
| 2024-06-30 | $257M | 158 | +21.64% | +24.49% | -2.85% | +0.01B |
| 2024-03-31 | $239M | 159 | +24.68% | +29.62% | -4.95% | +0.01B |
| 2023-12-31 | $210M | 158 | +23.29% | +26.18% | -2.89% | -0.01B |
| 2023-09-30 | $196M | 153 | +15.94% | +21.57% | -5.63% | -0.02B |
| 2023-06-30 | $219M | 165 | +16.80% | +19.42% | -2.63% | +0.01B |
| 2023-03-31 | $199M | 159 | -1.54% | -7.82% | +6.28% | +0.00B |
| 2022-12-31 | $180M | 163 | -13.16% | -18.17% | +5.01% | -0.01B |
| 2022-09-30 | $181M | 160 | -6.82% | -15.51% | +8.69% | +0.04B |
| 2022-06-30 | $140M | 150 | -4.76% | -10.62% | +5.86% | -0.03B |