Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.74%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.78%
steady accumulation
Rally response
+10.64%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTVVanguard Value ETF | $167M | 14.3% | — | 5.5 yr |
| VUGVanguard Growth ETF | $142M | 12.1% | — | 5.5 yr |
| VTIVanguard Total Stock Mar | $58M | 4.9% | — | 5.5 yr |
| NVDANVIDIA Corporation | $44M | 3.7% | +60.9% | 5.5 yr |
| DFAIDimensional - Internatio | $40M | 3.4% | — | 1.3 yr |
| AAPLApple Inc. | $36M | 3.1% | +14.7% | 5.5 yr |
| BIVVanguard Intermediate-Te | $28M | 2.4% | — | 5.5 yr |
| MSFTMicrosoft Corporation | $23M | 2.0% | -0.6% | 5.5 yr |
| DFAEDimensional - Emerging C | $20M | 1.7% | — | 1.3 yr |
| AMZNAmazon.com, Inc. | $16M | 1.3% | +9.5% | 5.5 yr |
| GOOGLAlphabet Inc. | $14M | 1.2% | — | 5.0 yr |
| VBRVanguard Small-Cap Value | $12M | 1.0% | — | 5.5 yr |
| AVGOBroadcom Inc. | $12M | 1.0% | +86.0% | 4.5 yr |
| GOOGAlphabet Inc. | $12M | 1.0% | +84.3% | 5.0 yr |
| VWOVanguard FTSE Emerging M | $12M | 1.0% | — | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management51.6%+1.1pp$605M
Semiconductors6.8%+2.2pp$80M
Internet Content & Information3.4%+0.3pp$40M
Software - Infrastructure3.1%-0.5pp$36M
Consumer Electronics3.1%-0.7pp$36M
Asset Management - Bonds2.8%-2.9pp$32M
Drug Manufacturers - General2.3%+0.3pp$27M
Specialty Retail1.5%-0.1pp$18M
Banks - Diversified1.2%-0.2pp$14M
Aerospace & Defense1.1%+0.2pp$13M
Country
US98.7%-0.0pp
IE0.4%-0.0pp
GB0.2%-0.0pp
LU0.2%-0.1pp
BM0.1%-0.0pp
CH0.1%+0.0pp
CA0.1%-0.0pp
Unknown0.1%+0.0pp
Top 5: 38.5% · Top 10: 49.0% · Top 25: 62.3%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$6M |
| AAPL Apple Inc. | +$4M |
| NVDA NVIDIA Corporation | +$4M |
| AVGO Broadcom Inc. | +$2M |
| MSFT Microsoft Corporation | +$23M |
| AMZN Amazon.com, Inc. | +$16M |
| GOOG Alphabet Inc. | +$1M |
| ABBV AbbVie Inc. | +$1M |
| PG The Procter & Gamble Company | +$1M |
| JPM JPMorgan Chase & Co. | +$1M |
Top sells this quarter · 15
| INTU Intuit Inc. | −$1M |
| SPGI S&P Global Inc. | −$1M |
| WMB The Williams Companies, Inc. | −$1M |
| NVT nVent Electric plc | −$1M |
| AXP American Express Company | −$0M |
| SLS SELLAS Life Sciences Group, In | −$0M |
| HD The Home Depot, Inc. | −$0M |
| ACN Accenture plc | −$0M |
| NDAQ Nasdaq, Inc. | −$0M |
| MDGL Madrigal Pharmaceuticals, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.17B | 462 | +21.34% | +17.59% | +3.75% | +0.13B |
| 2025-12-31 | $1.08B | 415 | +18.89% | +17.72% | +1.17% | +0.06B |
| 2025-09-30 | $996M | 389 | +19.97% | +17.52% | +2.46% | +0.06B |
| 2025-06-30 | $863M | 338 | +16.42% | +14.94% | +1.48% | +0.04B |
| 2025-03-31 | $729M | 326 | +5.98% | +8.30% | -2.32% | +0.27B |
| 2024-12-31 | $484M | 308 | +22.50% | +24.89% | -2.38% | +0.02B |
| 2024-09-30 | $449M | 315 | +33.01% | +36.04% | -3.03% | +0.05B |
| 2024-06-30 | $383M | 292 | +21.95% | +24.49% | -2.54% | +0.03B |
| 2024-03-31 | $341M | 276 | +30.29% | +29.62% | +0.67% | +0.04B |
| 2023-12-31 | $280M | 239 | +28.81% | +26.18% | +2.63% | +0.02B |
| 2023-09-30 | $235M | 212 | +20.88% | +21.57% | -0.68% | +0.00B |
| 2023-06-30 | $241M | 214 | +20.99% | +19.42% | +1.56% | -0.00B |
| 2023-03-31 | $222M | 203 | -5.36% | -7.82% | +2.46% | +0.01B |
| 2022-12-31 | $193M | 179 | -16.26% | -18.17% | +1.91% | +0.00B |
| 2022-09-30 | $180M | 201 | -11.56% | -15.51% | +3.95% | +0.02B |
| 2022-06-30 | $165M | 187 | -7.97% | -10.62% | +2.65% | +0.02B |