Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.31%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.67%
baseline attrition
Rally response
-1.77%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FDVVFidelity High Dividend E | $36M | 6.5% | — | 4.0 yr |
| XOMExxon Mobil Corporation | $36M | 6.5% | +47.6% | 5.5 yr |
| SPYState Street SPDR S&P 50 | $31M | 5.5% | +17.6% | 5.5 yr |
| GSThe Goldman Sachs Group, | $25M | 4.5% | +58.1% | 4.3 yr |
| NVDANVIDIA Corporation | $18M | 3.2% | +60.9% | 5.5 yr |
| AAPLApple Inc. | $16M | 2.9% | +14.7% | 5.5 yr |
| COPConocoPhillips | $16M | 2.9% | +30.0% | 5.5 yr |
| MAINMain Street Capital Corp | $16M | 2.8% | +0.1% | 5.5 yr |
| GPIXGoldman Sachs S&P 500 Pr | $14M | 2.5% | — | 1.3 yr |
| MSFTMicrosoft Corporation | $12M | 2.1% | -0.6% | 5.5 yr |
| ETEnergy Transfer LP | $12M | 2.1% | +12.1% | 5.5 yr |
| VYMVanguard High Dividend Y | $10M | 1.7% | — | 5.3 yr |
| GOOGLAlphabet Inc. | $9M | 1.7% | — | 5.3 yr |
| AMZNAmazon.com, Inc. | $8M | 1.4% | +9.5% | 5.5 yr |
| JEPQJPMorgan Nasdaq Equity P | $8M | 1.4% | — | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management31.0%-0.7pp$172M
Semiconductors7.8%+3.4pp$43M
Oil & Gas Integrated6.9%-0.6pp$38M
Financial - Capital Markets4.9%+4.4pp$27M
Oil & Gas Midstream4.6%-3.2pp$25M
Internet Content & Information3.6%+0.9pp$20M
Oil & Gas Exploration & Production3.4%-1.8pp$19M
Drug Manufacturers - General3.2%+0.7pp$18M
Asset Management - Income2.9%-5.7pp$16M
Consumer Electronics2.9%-0.3pp$16M
Country
US98.2%-0.6pp
IE0.6%+0.1pp
GB0.4%-0.1pp
Unknown0.2%
CH0.2%+0.0pp
BM0.1%
TW0.1%+0.0pp
LU0.1%
Top 5: 26.2% · Top 10: 39.4% · Top 25: 58.4%
Top buys this quarter · 15
| SNDK Sandisk Corporationnew | +$0M |
| NEU NewMarket Corporationnew | +$0M |
| PG The Procter & Gamble Company | +$0M |
| EMN Eastman Chemical Company | +$0M |
| AZN AstraZeneca PLCnew | +$0M |
| DELL Dell Technologies Inc. | +$0M |
| ACGL Arch Capital Group Ltd. | +$0M |
| MO Altria Group, Inc. | +$0M |
| SSNC SS&C Technologies Holdings, In | +$0M |
| NYT The New York Times Company | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $554M | 374 | +21.64% | +17.59% | +4.05% | -0.08B |
| 2025-12-31 | $623M | 404 | +17.93% | +17.72% | +0.22% | +0.06B |
| 2025-09-30 | $547M | 313 | +16.82% | +17.52% | -0.69% | +0.12B |
| 2025-06-30 | $397M | 246 | +12.21% | +14.94% | -2.73% | +0.03B |
| 2025-03-31 | $345M | 228 | +7.22% | +8.30% | -1.08% | -0.01B |
| 2024-12-31 | $358M | 215 | +20.60% | +24.89% | -4.29% | -0.02B |
| 2024-09-30 | $370M | 231 | +22.99% | +36.04% | -13.04% | +0.00B |
| 2024-06-30 | $355M | 221 | +25.41% | +24.49% | +0.92% | +0.00B |
| 2024-03-31 | $344M | 209 | +29.36% | +29.62% | -0.26% | -0.03B |
| 2023-12-31 | $335M | 197 | +19.57% | +26.18% | -6.61% | +0.02B |
| 2023-09-30 | $305M | 180 | +26.65% | +21.57% | +5.08% | +0.06B |
| 2023-06-30 | $236M | 73 | +19.38% | +19.42% | -0.04% | -0.00B |
| 2023-03-31 | $227M | 83 | +1.79% | -7.82% | +9.61% | -0.08B |
| 2022-12-31 | $301M | 180 | -5.49% | -18.17% | +12.68% | +0.02B |
| 2022-09-30 | $256M | 173 | -5.25% | -15.51% | +10.26% | +0.01B |
| 2022-06-30 | $252M | 168 | -4.18% | -10.62% | +6.44% | -0.00B |