Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.30%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.72%
steady accumulation
Rally response
+6.66%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $142M | 10.7% | +17.6% | 5.0 yr |
| BILState Street SPDR Bloomb | $121M | 9.2% | — | 5.0 yr |
| IJHiShares Core S&P Mid-Cap | $61M | 4.7% | — | 5.0 yr |
| GLDMSPDR Gold MiniShares Tru | $47M | 3.6% | — | 4.3 yr |
| IEMGiShares Core MSCI Emergi | $46M | 3.5% | — | 5.0 yr |
| DIVOAmplify CWP Enhanced Div | $44M | 3.3% | — | 4.8 yr |
| ISTBiShares Core 1-5 Year US | $40M | 3.1% | — | 5.0 yr |
| DFNMDimensional - National M | $35M | 2.7% | — | 3.8 yr |
| UITBVictoryShares Core Inter | $34M | 2.6% | — | 2.0 yr |
| IJRiShares Core S&P Small-C | $33M | 2.5% | — | 5.0 yr |
| IEFAiShares Core MSCI EAFE E | $28M | 2.1% | — | 5.0 yr |
| IEIiShares 3-7 Year Treasur | $28M | 2.1% | — | 3.8 yr |
| IDEViShares Core MSCI Intern | $25M | 1.9% | — | 5.0 yr |
| MUNIPIMCO Intermediate Munic | $25M | 1.9% | — | 5.0 yr |
| AAPLApple Inc. | $24M | 1.8% | +14.7% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management64.0%-3.7pp$844M
Asset Management - Bonds13.5%-0.8pp$178M
Asset Management - Income4.3%-0.8pp$57M
Semiconductors2.2%+1.0pp$29M
Consumer Electronics1.8%-0.2pp$24M
Internet Content & Information1.3%+0.2pp$18M
Software - Infrastructure1.1%+0.1pp$14M
Drug Manufacturers - General0.8%+0.3pp$11M
Unknown0.8%+0.8pp$10M
Asset Management - Global0.7%-0.0pp$9M
Country
US98.8%-0.9pp
Unknown0.8%+0.8pp
CA0.1%+0.0pp
IE0.1%+0.0pp
GB0.1%+0.0pp
NL0.0%
CH0.0%+0.0pp
SG0.0%
Top 5: 31.6% · Top 10: 45.8% · Top 25: 66.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SPY | $114M | +0.02B | 17.6% |
| NVDA | $8M | +0.01B | 60.9% |
| AAPL | $20M | +0.00B | 14.7% |
| MSFT | $7M | -0.00B | -0.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $7M | -0.00B | -0.6% |
Top buys this quarter · 15
| TOWN TowneBanknew | +$5M |
| MIAX Miami International Holdings, new | +$3M |
| SPY State Street SPDR S&P 500 ETF | +$142M |
| MU Micron Technology, Inc. | +$1M |
| RXO RXO, Inc. | +$1M |
| MSFT Microsoft Corporation | +$10M |
| EIX Edison Internationalnew | +$0M |
| FIX Comfort Systems USA, Inc.new | +$0M |
| KMI Kinder Morgan, Inc.new | +$0M |
| REGN Regeneron Pharmaceuticals, Incnew | +$0M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$2M |
| LH Labcorp Holdings Inc. | −$2M |
| KVUE Kenvue Inc.exit | −$1M |
| OXY Occidental Petroleum Corporati | −$1M |
| UPS United Parcel Service, Inc. | −$1M |
| RIVN Rivian Automotive, Inc.exit | −$0M |
| HCA HCA Healthcare, Inc. | −$0M |
| ARCC Ares Capital Corporationexit | −$0M |
| XPEV XPeng Inc.exit | −$0M |
| SLI Standard Lithium Ltd. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.32B | 330 | +20.00% | +17.59% | +2.41% | +0.13B |
| 2025-12-31 | $1.25B | 289 | +18.67% | +17.72% | +0.95% | +0.08B |
| 2025-09-30 | $1.14B | 245 | +19.95% | +17.52% | +2.43% | -0.01B |
| 2025-06-30 | $1.04B | 238 | +15.70% | +14.94% | +0.76% | -0.05B |
| 2025-03-31 | $986M | 223 | +8.95% | +8.30% | +0.65% | +0.04B |
| 2024-12-31 | $995M | 219 | +24.01% | +24.89% | -0.88% | +0.04B |
| 2024-09-30 | $927M | 206 | +33.90% | +36.04% | -2.14% | -0.02B |
| 2024-06-30 | $892M | 203 | +20.24% | +24.49% | -4.25% | -0.03B |
| 2024-03-31 | $877M | 197 | +25.54% | +29.62% | -4.08% | +0.02B |
| 2023-12-31 | $798M | 186 | +24.88% | +26.18% | -1.30% | +0.01B |
| 2023-09-30 | $709M | 175 | +18.10% | +21.57% | -3.47% | +0.03B |
| 2023-06-30 | $707M | 175 | +17.67% | +19.42% | -1.75% | +0.01B |
| 2023-03-31 | $638M | 161 | -9.43% | -7.82% | -1.61% | +0.08B |
| 2022-12-31 | $520M | 164 | -10.42% | -18.17% | +7.76% | +0.04B |
| 2022-09-30 | $459M | 156 | -7.58% | -23.49% | +15.92% | +0.08B |
| 2022-06-30 | $396M | 147 | +3.41% | -14.42% | +17.83% | +0.06B |