Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.60%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.49%
steady accumulation
Rally response
-1.09%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AVDEAvantis International Eq | $68M | 12.6% | — | 2.5 yr |
| ITOTiShares Core S&P Total U | $65M | 12.1% | — | 2.5 yr |
| AVUSAvantis U.S. Equity ETF | $40M | 7.5% | — | 2.3 yr |
| FBNDFidelity Total Bond ETF | $40M | 7.4% | — | 2.5 yr |
| PYLDPIMCO Multisector Bond A | $30M | 5.6% | — | 1.8 yr |
| QQQMInvesco NASDAQ 100 ETF | $30M | 5.5% | — | 2.3 yr |
| UBNDVictoryShares Core Plus | $25M | 4.7% | — | 2.5 yr |
| AVUVAvantis U.S. Small Cap V | $24M | 4.5% | — | 2.5 yr |
| AVEMAvantis Emerging Markets | $22M | 4.2% | — | 2.5 yr |
| JGROJPMorgan Active Growth E | $18M | 3.3% | — | 2.5 yr |
| SPYState Street SPDR S&P 50 | $12M | 2.2% | +17.6% | 2.5 yr |
| DGROiShares Core Dividend Gr | $11M | 2.0% | — | 2.5 yr |
| PULSPGIM Ultra Short Bond ET | $9M | 1.7% | — | 2.5 yr |
| BRRProCap Financial, Inc. | $8M | 1.5% | — | 0.3 yr |
| BRK-BBerkshire Hathaway Inc. | $7M | 1.3% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management58.7%+4.9pp$314M
Asset Management - Bonds18.3%+2.4pp$98M
Insurance - Diversified1.6%-0.2pp$9M
Internet Content & Information1.6%+0.1pp$8M
Software - Infrastructure1.5%+0.6pp$8M
Asset Management - Cryptocurrency1.5%+1.4pp$8M
Drug Manufacturers - General1.3%+0.5pp$7M
Oil & Gas Integrated1.3%+0.4pp$7M
Semiconductors1.2%+0.6pp$7M
Consumer Electronics1.2%-0.2pp$7M
Country
US99.2%+0.0pp
Unknown0.3%+0.0pp
IE0.3%+0.1pp
LU0.1%
UY0.1%-0.1pp
CA0.1%-0.1pp
Top 5: 45.3% · Top 10: 67.5% · Top 25: 84.5%
Top buys this quarter · 15
| BRR ProCap Financial, Inc.new | +$8M |
| MSFT Microsoft Corporation | +$2M |
| CRM Salesforce, Inc. | +$4M |
| INTU Intuit Inc. | +$1M |
| AMD Advanced Micro Devices, Inc. | +$1M |
| NOW ServiceNow, Inc.new | +$1M |
| ORCL Oracle Corporation | +$1M |
| TTWO Take-Two Interactive Software,new | +$0M |
| EFX Equifax Inc. | +$0M |
| META Meta Platforms, Inc. | +$4M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$29M |
| GOOG Alphabet Inc. | −$1M |
| SCHW The Charles Schwab Corporation | −$1M |
| SHOP Shopify Inc.exit | −$1M |
| LNTH Lantheus Holdings, Inc. | −$0M |
| TPR Tapestry, Inc. | −$0M |
| JNJ Johnson & Johnson | −$3M |
| PAYC Paycom Software, Inc.exit | −$0M |
| ZBRA Zebra Technologies Corporationexit | −$0M |
| TMO Thermo Fisher Scientific Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $536M | 109 | -83.43% | +17.59% | -101.02% | +0.04B |
| 2025-12-31 | $531M | 110 | -82.71% | +17.72% | -100.43% | +0.09B |
| 2025-09-30 | $543M | 115 | -76.12% | +17.52% | -93.64% | +0.45B |
| 2025-06-30 | $514M | 110 | +41.27% | +14.94% | +26.33% | -0.09B |
| 2025-03-31 | $504M | 110 | +34.67% | +8.30% | +26.37% | +0.01B |
| 2024-12-31 | $502M | 111 | +49.69% | +24.89% | +24.81% | -0.01B |
| 2024-09-30 | $452M | 118 | +6.56% | +5.75% | +0.81% | -0.00B |
| 2024-06-30 | $428M | 116 | +14.94% | +4.38% | +10.56% | -0.07B |
| 2024-03-31 | $433M | 136 | +8.82% | +10.39% | -1.57% | +0.00B |
| 2023-12-31 | $395M | 130 | — | — | — | — |