Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.99%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.41%
baseline attrition
Rally response
-11.92%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRNYBurney U.S. Factor Rotat | $84M | 50.6% | — | 1.8 yr |
| AAPLApple Inc. | $15M | 9.3% | +14.7% | 3.5 yr |
| AMZNAmazon.com, Inc. | $10M | 6.2% | +9.5% | 3.5 yr |
| GOOGLAlphabet Inc. | $9M | 5.7% | — | 3.3 yr |
| ALSNAllison Transmission Hol | $5M | 3.1% | +23.8% | 1.8 yr |
| BRESBurney U.S. Equity Selec | $5M | 2.7% | — | 0.3 yr |
| — | $4M | 2.5% | — | 3.0 yr |
| ADSKAutodesk, Inc. | $3M | 2.0% | -8.6% | 2.3 yr |
| RWEMRayliant Wilshire NxtGen | $3M | 1.9% | — | 1.3 yr |
| RWLCRayliant Wilshire NxtGen | $3M | 1.8% | — | 1.3 yr |
| GOOGAlphabet Inc. | $3M | 1.6% | +84.3% | 3.0 yr |
| ASGNASGN Incorporated | $2M | 1.3% | -38.6% | 0.3 yr |
| BACBank of America Corporat | $2M | 1.0% | +19.4% | 3.5 yr |
| ABTAbbott Laboratories | $2M | 1.0% | -21.1% | 3.5 yr |
| AMATApplied Materials, Inc. | $2M | 1.0% | +137.6% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management57.6%-3.7pp$96M
Consumer Electronics9.3%+8.0pp$15M
Internet Content & Information7.3%+6.3pp$12M
Specialty Retail6.2%+5.2pp$10M
Semiconductors3.3%-0.2pp$5M
Auto - Parts3.1%+2.7pp$5M
Unknown2.5%+2.2pp$4M
Information Technology Services2.4%+1.9pp$4M
Software - Application2.1%+1.5pp$4M
Drug Manufacturers - General1.3%+0.2pp$2M
Country
US94.5%-4.0pp
Unknown2.5%+2.2pp
BM1.0%+0.7pp
NL0.9%
IE0.7%+0.4pp
GB0.4%-0.2pp
SG0.1%
Top 5: 74.9% · Top 10: 85.7% · Top 25: 97.8%
Top buys this quarter · 15
| ASGN ASGN Incorporatednew | +$2M |
| ASML ASML Holding N.V. | +$1M |
| AMAT Applied Materials, Inc. | +$1M |
| AER AerCap Holdings N.V. | +$1M |
| GOOG Alphabet Inc. | +$0M |
| ABT Abbott Laboratories | +$2M |
| AMD Advanced Micro Devices, Inc. | +$0M |
| GOLD Gold.com, Inc. | +$0M |
| BK The Bank of New York Mellon Co | +$0M |
| BAC Bank of America Corporation | +$2M |
Top sells this quarter · 15
| NVDA NVIDIA Corporationexit | −$12M |
| JPM JPMorgan Chase & Co.exit | −$10M |
| AVGO Broadcom Inc.exit | −$10M |
| MSFT Microsoft Corporationexit | −$10M |
| SPY State Street SPDR S&P 500 ETF exit | −$9M |
| 0HQN.L Cboe Global Markets, Inc.exit | −$8M |
| TRGP Targa Resources Corp.exit | −$7M |
| MCK McKesson Corporationexit | −$7M |
| NFLX Netflix, Inc.exit | −$5M |
| SCHW The Charles Schwab Corporationexit | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $167M | 37 | +20.70% | +17.59% | +3.11% | -0.82B |
| 2025-12-31 | $990M | 384 | +12.12% | +17.72% | -5.59% | +0.06B |
| 2025-09-30 | $921M | 387 | +17.81% | +17.52% | +0.29% | +0.02B |
| 2025-06-30 | $828M | 364 | +10.89% | +14.94% | -4.05% | +0.10B |
| 2025-03-31 | $663M | 314 | +9.51% | +8.30% | +1.21% | +0.01B |
| 2024-12-31 | $706M | 1966 | +31.10% | +26.30% | +4.80% | -0.01B |
| 2024-09-30 | $670M | 1864 | +19.20% | +19.26% | -0.06% | +0.05B |
| 2024-06-30 | $606M | 1790 | +24.83% | +22.56% | +2.27% | +0.07B |
| 2023-12-31 | $497M | 1714 | +17.46% | +26.18% | -8.72% | +0.19B |
| 2023-09-30 | $276M | 1168 | +16.20% | +21.57% | -5.37% | -0.05B |
| 2023-06-30 | $337M | 1402 | +7.38% | +8.68% | -1.30% | +0.03B |
| 2023-03-31 | $291M | 191 | +2.09% | +7.46% | -5.36% | +0.00B |
| 2022-12-31 | $280M | 1169 | +9.75% | +7.56% | +2.19% | +0.06B |
| 2020-12-31 | $198M | 155 | — | — | — | — |