Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.43%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.65%
steady accumulation
Rally response
+6.51%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PVALPutnam Focused Large Cap | $73M | 16.5% | — | 2.3 yr |
| LRGEClearBridge Large Cap Gr | $50M | 11.3% | — | 5.5 yr |
| VBRVanguard Small-Cap Value | $43M | 9.7% | — | 3.8 yr |
| GQGUGQG US Equity ETF | $41M | 9.3% | — | 0.5 yr |
| ISTBiShares Core 1-5 Year US | $20M | 4.6% | — | 4.0 yr |
| JMSTJPMorgan Ultra-Short Mun | $11M | 2.5% | — | 3.3 yr |
| AAPLApple Inc. | $11M | 2.5% | +14.7% | 5.5 yr |
| XLIState Street Industrial | $10M | 2.3% | — | 5.0 yr |
| NCDLNuveen Churchill Direct | $8M | 1.8% | -17.8% | 2.0 yr |
| CWIState Street SPDR MSCI A | $5M | 1.2% | — | 5.5 yr |
| FBNDFidelity Total Bond ETF | $5M | 1.1% | — | 2.8 yr |
| SPYGState Street SPDR Portfo | $4M | 1.0% | — | 5.5 yr |
| MOATVanEck Morningstar Wide | $4M | 0.9% | — | 3.3 yr |
| NVDANVIDIA Corporation | $4M | 0.9% | +60.9% | 5.5 yr |
| SPYState Street SPDR S&P 50 | $3M | 0.8% | +17.6% | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management66.5%+7.7pp$294M
Asset Management - Bonds6.9%-1.4pp$31M
Asset Management - Income3.6%-0.1pp$16M
Consumer Electronics2.5%-1.5pp$11M
Semiconductors1.9%+0.5pp$9M
Drug Manufacturers - General1.2%-0.1pp$5M
Internet Content & Information1.1%+0.0pp$5M
Software - Infrastructure1.0%-0.4pp$5M
Financial - Data & Stock Exchanges0.8%-0.6pp$3M
Specialty Retail0.8%-0.1pp$3M
Country
US97.8%+0.1pp
GB0.3%+0.2pp
Unknown0.3%-0.1pp
IE0.2%-0.2pp
CA0.2%+0.0pp
CH0.2%+0.1pp
TW0.2%+0.1pp
SG0.2%+0.1pp
Top 5: 51.3% · Top 10: 61.6% · Top 25: 72.6%
Top buys this quarter · 15
| NCDL Nuveen Churchill Direct Lendin | +$1M |
| NOW ServiceNow, Inc. | +$1M |
| PSBD Palmer Square Capital BDC Inc. | +$0M |
| AZN AstraZeneca PLCnew | +$0M |
| ALL The Allstate Corporation | +$0M |
| IREN IREN Limitednew | +$0M |
| DVN Devon Energy Corporation | +$0M |
| VZ Verizon Communications Inc. | +$0M |
| OXY Occidental Petroleum Corporati | +$0M |
| NFLX Netflix, Inc. | +$0M |
Top sells this quarter · 15
| AIG American International Group, | −$0M |
| WMT Walmart Inc. | −$0M |
| XOM Exxon Mobil Corporation | −$1M |
| CRWD CrowdStrike Holdings, Inc.exit | −$0M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| AMD Advanced Micro Devices, Inc. | −$0M |
| SBUX Starbucks Corporation | −$0M |
| EQIX Equinix, Inc. | −$0M |
| MSFT Microsoft Corporation | −$0M |
| PPL PPL Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $442M | 606 | +13.17% | +17.59% | -4.42% | +0.07B |
| 2025-12-31 | $384M | 206 | +12.84% | +17.72% | -4.88% | +0.01B |
| 2025-09-30 | $359M | 195 | +13.12% | +17.52% | -4.40% | -0.02B |
| 2025-06-30 | $361M | 566 | +12.48% | +14.94% | -2.46% | +0.02B |
| 2025-03-31 | $324M | 531 | +7.54% | +8.30% | -0.77% | -0.00B |
| 2024-12-31 | $333M | 191 | +18.09% | +24.89% | -6.80% | +0.00B |
| 2024-09-30 | $319M | 189 | +27.39% | +36.04% | -8.64% | -0.01B |
| 2024-06-30 | $311M | 1238 | +17.62% | +24.49% | -6.87% | +0.01B |
| 2024-03-31 | $295M | 347 | +24.24% | +29.62% | -5.39% | +0.02B |
| 2023-12-31 | $254M | 169 | +24.73% | +26.18% | -1.45% | +0.06B |
| 2023-09-30 | $171M | 142 | +18.81% | +21.57% | -2.76% | -0.02B |
| 2023-06-30 | $200M | 145 | +15.79% | +19.42% | -3.64% | +0.02B |
| 2023-03-31 | $171M | 114 | -7.00% | -7.82% | +0.82% | -0.02B |
| 2022-12-31 | $181M | 125 | -17.39% | -18.17% | +0.79% | +0.04B |
| 2022-09-30 | $137M | 100 | -13.16% | -15.51% | +2.35% | -0.01B |
| 2022-06-30 | $151M | 109 | -8.17% | -10.62% | +2.45% | +0.05B |