Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.04%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.09%
baseline attrition
Rally response
+1.51%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $72M | 5.5% | +60.9% | 4.3 yr |
| AAPLApple Inc. | $63M | 4.8% | +14.7% | 4.5 yr |
| MSFTMicrosoft Corporation | $29M | 2.2% | -0.6% | 4.5 yr |
| AMZNAmazon.com, Inc. | $25M | 1.9% | +9.5% | 4.5 yr |
| GOOGLAlphabet Inc. | $21M | 1.6% | — | 4.5 yr |
| AGGiShares Core U.S. Aggreg | $19M | 1.5% | — | 3.3 yr |
| AVGOBroadcom Inc. | $17M | 1.3% | +86.0% | 4.5 yr |
| IVViShares Core S&P 500 ETF | $15M | 1.1% | — | 4.5 yr |
| VOOVanguard S&P 500 ETF | $15M | 1.1% | — | 2.8 yr |
| JPMJPMorgan Chase & Co. | $14M | 1.1% | +21.8% | 4.5 yr |
| SCHDSchwab U.S. Dividend Equ | $14M | 1.0% | — | 3.5 yr |
| IUSBiShares Core Universal U | $13M | 1.0% | — | 2.8 yr |
| BRK-BBerkshire Hathaway Inc. | $13M | 1.0% | — | 4.5 yr |
| QQQInvesco QQQ Trust, Serie | $12M | 0.9% | — | 4.5 yr |
| USFRWisdomTree Floating Rate | $11M | 0.8% | — | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management35.3%+3.9pp$466M
Semiconductors8.7%+2.0pp$115M
Asset Management - Bonds5.3%-0.8pp$70M
Consumer Electronics4.8%+0.3pp$63M
Drug Manufacturers - General3.5%+0.5pp$47M
Software - Infrastructure3.2%-0.4pp$43M
Internet Content & Information2.9%+0.8pp$39M
Asset Management - Income2.3%-0.6pp$30M
Specialty Retail2.2%+0.0pp$29M
Banks - Diversified2.0%-1.0pp$27M
Country
US96.2%-1.0pp
CA0.8%+0.4pp
GB0.6%-0.1pp
Unknown0.5%+0.2pp
TW0.5%+0.3pp
IE0.3%-0.1pp
NL0.2%+0.1pp
CH0.2%-0.1pp
Top 5: 15.9% · Top 10: 22.1% · Top 25: 33.8%
Top buys this quarter · 15
| AAPL Apple Inc. | +$36M |
| NVDA NVIDIA Corporation | +$36M |
| MSFT Microsoft Corporation | +$13M |
| AMZN Amazon.com, Inc. | +$12M |
| GILD Gilead Sciences, Inc. | +$10M |
| AVGO Broadcom Inc. | +$6M |
| COST Costco Wholesale Corporation | +$6M |
| TSLA Tesla, Inc. | +$5M |
| XOM Exxon Mobil Corporation | +$5M |
| CVX Chevron Corporation | +$5M |
Top sells this quarter · 15
| AR Antero Resources Corporation | −$2M |
| PAAS Pan American Silver Corp. | −$2M |
| WLK Westlake Corporation | −$1M |
| HII Huntington Ingalls Industries, | −$1M |
| SATS EchoStar Corporation | −$1M |
| LASR nLIGHT, Inc. | −$1M |
| KR The Kroger Co. | −$1M |
| WCC WESCO International, Inc. | −$1M |
| VOD Vodafone Group Public Limited | −$1M |
| RBLX Roblox Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.32B | 2018 | +20.39% | +17.59% | +2.80% | +0.72B |
| 2025-12-31 | $615M | 487 | +17.74% | +17.72% | +0.02% | +0.02B |
| 2025-09-30 | $589M | 445 | +16.12% | +17.52% | -1.40% | +0.01B |
| 2025-06-30 | $536M | 429 | +14.16% | +14.94% | -0.78% | -0.02B |
| 2025-03-31 | $501M | 425 | +13.57% | +8.30% | +5.27% | +0.00B |
| 2024-12-31 | $521M | 429 | +33.63% | +26.30% | +7.33% | +0.26B |
| 2024-09-30 | $264M | 906 | +26.93% | +19.26% | +7.67% | -0.25B |
| 2024-06-30 | $478M | 399 | +21.68% | +22.56% | -0.89% | +0.02B |
| 2023-12-31 | $410M | 355 | -1.78% | +26.18% | -27.96% | +0.01B |
| 2023-09-30 | $357M | 333 | -4.58% | -3.22% | -1.36% | +0.02B |
| 2023-06-30 | $354M | 377 | +2.43% | +8.68% | -6.26% | +0.16B |
| 2023-03-31 | $185M | 213 | -10.57% | +7.46% | -18.02% | -0.03B |
| 2022-03-31 | $236M | 254 | — | — | — | +0.04B |
| 2021-12-31 | $198M | 174 | +5.53% | +11.07% | -5.53% | -0.06B |
| 2021-09-30 | $241M | 229 | +0.57% | +0.57% | +0.00% | -0.02B |
| 2021-06-30 | $258M | 242 | — | — | — | +0.08B |