Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.02%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.96%
baseline attrition
Rally response
-4.13%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $14M | 7.3% | +17.6% | 5.5 yr |
| QQQInvesco QQQ Trust, Serie | $13M | 6.6% | — | 5.5 yr |
| VOOVanguard S&P 500 ETF | $10M | 5.1% | — | 5.5 yr |
| USOYOil Enhanced Options Inc | $8M | 4.0% | — | 0.3 yr |
| KLACKLA Corporation | $7M | 3.4% | +118.2% | 3.3 yr |
| NVDANVIDIA Corporation | $6M | 3.0% | +60.9% | 4.8 yr |
| PULSPGIM Ultra Short Bond ET | $5M | 2.7% | — | 3.8 yr |
| SYMSymbotic Inc. | $4M | 1.8% | +163.2% | 1.8 yr |
| VYMIVanguard International H | $3M | 1.7% | — | 0.5 yr |
| COMTiShares GSCI Commodity D | $3M | 1.3% | — | 0.3 yr |
| BGRBlackRock Energy and Res | $2M | 1.2% | — | 0.5 yr |
| BONDPIMCO Active Bond Exchan | $2M | 1.2% | — | 0.3 yr |
| GPIXGoldman Sachs S&P 500 Pr | $2M | 1.2% | — | 0.5 yr |
| GPIQGoldman Sachs Nasdaq-100 | $2M | 1.2% | — | 0.5 yr |
| MLPXGlobal X - MLP & Energy | $2M | 1.2% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management67.3%-1.1pp$132M
Semiconductors7.6%+0.6pp$15M
Asset Management - Income4.4%+2.8pp$9M
Industrial - Machinery1.9%$4M
Asset Management - Global1.8%$3M
Internet Content & Information1.7%-0.2pp$3M
Banks - Diversified1.6%-0.3pp$3M
Financial - Capital Markets1.1%-0.3pp$2M
Software - Application1.1%-0.4pp$2M
Rental & Leasing Services1.0%$2M
Country
US99.3%-0.7pp
Unknown0.4%
CN0.2%
TW0.1%
Top 5: 26.4% · Top 10: 37.0% · Top 25: 53.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| KLAC | $3M | +0.00B | 118.2% |
| SPY | $12M | +0.00B | 17.6% |
| NVDA | $3M | +0.00B | 60.9% |
| GS | $1M | +0.00B | 58.1% |
| FDX | $1M | +0.00B | 49.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| COMP | $1M | -0.00B | -16.3% |
Top buys this quarter · 15
| SYM Symbotic Inc. | +$3M |
| TYG Tortoise Energy Infrastructurenew | +$1M |
| OZ Belpointe PREP, LLCnew | +$1M |
| NVDA NVIDIA Corporation | +$1M |
| COMP Compass, Inc. | +$1M |
| CCOI Cogent Communications Holdings | +$1M |
| DELL Dell Technologies Inc.new | +$0M |
| MSFT Microsoft Corporation | +$0M |
| NFLX Netflix, Inc.new | +$0M |
| META Meta Platforms, Inc. | +$1M |
Top sells this quarter · 15
| ZS Zscaler, Inc.exit | −$3M |
| CAR Avis Budget Group, Inc. | −$3M |
| MO Altria Group, Inc.exit | −$1M |
| BTI British American Tobacco p.l.cexit | −$1M |
| WMT Walmart Inc.exit | −$1M |
| TSLA Tesla, Inc. | −$0M |
| UNH UnitedHealth Group Incorporateexit | −$0M |
| NGG National Grid plcexit | −$0M |
| KO The Coca-Cola Company | −$0M |
| PLTR Palantir Technologies Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $196M | 175 | +35.02% | +17.59% | +17.43% | +0.01B |
| 2025-12-31 | $199M | 177 | +36.31% | +17.72% | +18.59% | +0.07B |
| 2025-09-30 | $133M | 121 | +39.18% | +17.52% | +21.67% | -0.01B |
| 2025-06-30 | $119M | 114 | +22.05% | +14.94% | +7.11% | -0.00B |
| 2025-03-31 | $102M | 105 | +7.84% | +8.30% | -0.47% | +0.01B |
| 2024-12-31 | $92M | 102 | +22.62% | +24.89% | -2.26% | -0.00B |
| 2024-09-30 | $92M | 104 | +39.32% | +36.04% | +3.29% | +0.00B |
| 2024-06-30 | $87M | 98 | +26.63% | +24.49% | +2.14% | -0.00B |
| 2024-03-31 | $83M | 96 | +73.37% | +29.62% | +43.75% | -0.00B |
| 2023-12-31 | $77M | 89 | +108.04% | +26.18% | +81.86% | -0.00B |
| 2023-09-30 | $69M | 87 | +77.36% | +21.57% | +55.79% | -0.03B |
| 2023-06-30 | $109M | 86 | +74.28% | +19.42% | +54.85% | -0.02B |
| 2023-03-31 | $91M | 87 | -30.96% | -7.82% | -23.15% | -0.00B |
| 2022-12-31 | $70M | 80 | -50.07% | -18.17% | -31.90% | +0.01B |
| 2022-09-30 | $65M | 80 | -44.10% | -15.51% | -28.59% | -0.02B |
| 2022-06-30 | $93M | 97 | -38.53% | -10.62% | -27.91% | +0.03B |