Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.21%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.06%
baseline attrition
Rally response
+1.93%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $35M | 14.3% | — | 5.5 yr |
| VEAVanguard FTSE Developed | $24M | 9.7% | — | 5.5 yr |
| IJHiShares Core S&P Mid-Cap | $23M | 9.3% | — | 5.5 yr |
| CMFiShares California Muni | $16M | 6.7% | — | 5.5 yr |
| QCOMQUALCOMM Incorporated | $11M | 4.6% | -14.2% | 5.5 yr |
| EFAiShares MSCI EAFE ETF | $9M | 3.9% | — | 5.5 yr |
| SPDWState Street SPDR Portfo | $9M | 3.7% | — | 5.5 yr |
| MUBiShares National Muni Bo | $9M | 3.7% | — | 5.5 yr |
| VVVanguard Large-Cap ETF | $8M | 3.4% | — | 5.5 yr |
| IWRiShares Russell Mid-Cap | $6M | 2.5% | — | 5.5 yr |
| IJRiShares Core S&P Small-C | $6M | 2.4% | — | 5.5 yr |
| SPYState Street SPDR S&P 50 | $6M | 2.4% | +17.6% | 5.5 yr |
| VOVanguard Mid-Cap ETF | $5M | 2.2% | — | 5.5 yr |
| RWOState Street SPDR Dow Jo | $5M | 2.2% | — | 5.5 yr |
| GLDSPDR Gold Shares | $5M | 2.1% | — | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management73.0%+2.4pp$178M
Asset Management - Bonds11.6%-3.4pp$28M
Semiconductors5.2%-0.6pp$13M
Asset Management - Global2.2%-0.1pp$5M
Internet Content & Information2.1%+0.9pp$5M
Consumer Electronics1.4%+0.3pp$3M
Diversified Utilities1.0%$2M
Specialty Retail0.7%+0.2pp$2M
Software - Application0.6%-0.4pp$2M
Software - Infrastructure0.4%+0.0pp$1M
Country
US100.0%-0.0pp
FI0.0%+0.0pp
Top 5: 44.6% · Top 10: 61.7% · Top 25: 85.5%
Top buys this quarter · 15
| SRE Sempra | +$2M |
| AMZN Amazon.com, Inc. | +$2M |
| AAPL Apple Inc. | +$3M |
| QCOM QUALCOMM Incorporated | +$11M |
| PLX Protalix BioTherapeutics, Inc. | +$0M |
| RMD ResMed Inc. | +$0M |
| BRK-B Berkshire Hathaway Inc. | +$0M |
| AGG iShares Core U.S. Aggregate Bo | +$0M |
| IWP iShares Russell Mid-Cap Growth | +$1M |
| IWR iShares Russell Mid-Cap ETF | +$0M |
Top sells this quarter · 15
| TSLA Tesla, Inc. | −$1M |
| ADBE Adobe Inc.exit | −$0M |
| LGCY Legacy Education Inc.exit | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| GOOGL Alphabet Inc. | −$0M |
| DFAX Dimensional - World ex US Core | −$0M |
| TBLL Invesco Short Term Treasury ET | −$0M |
| IVV iShares Core S&P 500 ETF | −$0M |
| EEM iShares MSCI Emerging Markets | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $244M | 78 | +3.94% | +17.59% | -13.65% | +0.03B |
| 2025-12-31 | $250M | 77 | +13.03% | +17.72% | -4.69% | -0.01B |
| 2025-09-30 | $250M | 87 | +10.11% | +17.52% | -7.41% | -0.01B |
| 2025-06-30 | $236M | 78 | -3.90% | +14.94% | -18.84% | +0.01B |
| 2025-03-31 | $212M | 76 | -1.49% | +8.30% | -9.79% | +0.00B |
| 2024-12-31 | $228M | 79 | +17.47% | +24.89% | -7.42% | -0.01B |
| 2024-09-30 | $232M | 83 | +40.25% | +36.04% | +4.22% | +0.03B |
| 2024-06-30 | $217M | 77 | +40.75% | +24.49% | +16.26% | -0.02B |
| 2024-03-31 | $213M | 79 | +34.68% | +29.62% | +5.06% | -0.01B |
| 2023-12-31 | $203M | 80 | +46.39% | +26.18% | +20.21% | -0.02B |
| 2023-09-30 | $180M | 74 | +15.65% | +21.57% | -5.92% | -0.00B |
| 2023-06-30 | $191M | 75 | +13.38% | +19.42% | -6.04% | -0.00B |
| 2023-03-31 | $185M | 71 | -11.87% | -7.82% | -4.05% | -0.02B |
| 2022-12-31 | $170M | 69 | -30.09% | -18.17% | -11.91% | +0.02B |
| 2022-09-30 | $154M | 63 | -19.27% | -15.51% | -3.76% | +0.01B |
| 2022-06-30 | $160M | 66 | -12.43% | -10.62% | -1.81% | +0.03B |