Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.07%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.25%
baseline attrition
Rally response
-3.02%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $58M | 33.4% | +17.6% | 5.5 yr |
| VEUVanguard FTSE All-World | $29M | 16.8% | — | 5.5 yr |
| RSPInvesco S&P 500 Equal We | $15M | 8.8% | — | 3.3 yr |
| TLTiShares 20+ Year Treasur | $12M | 6.9% | — | 3.8 yr |
| AMLPAlerian MLP ETF | $11M | 6.0% | — | 0.5 yr |
| EFAiShares MSCI EAFE ETF | $10M | 5.6% | — | 2.5 yr |
| IVViShares Core S&P 500 ETF | $8M | 4.9% | — | 5.5 yr |
| VBRVanguard Small-Cap Value | $8M | 4.4% | — | 3.0 yr |
| NUVNuveen Municipal Value F | $8M | 4.3% | — | 4.3 yr |
| COWZPacer US Cash Cows 100 E | $6M | 3.6% | — | 3.8 yr |
| XLUState Street Utilities S | $6M | 3.4% | — | 2.0 yr |
| FXIiShares China Large-Cap | $3M | 1.6% | — | 2.0 yr |
| IHRTiHeartMedia, Inc. | $0M | 0.3% | +77.0% | 4.0 yr |
| — | $0M | 0.2% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management92.7%+8.2pp$162M
Asset Management - Bonds6.9%+0.1pp$12M
Broadcasting0.3%-0.5pp$0M
Unknown0.2%$0M
Country
US99.8%-0.2pp
Unknown0.2%
Top 5: 71.8% · Top 10: 94.5% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $174M | 14 | +13.54% | +17.59% | -4.05% | -0.00B |
| 2025-12-31 | $187M | 18 | +15.61% | +17.72% | -2.11% | -0.01B |
| 2025-09-30 | $188M | 18 | +16.71% | +17.52% | -0.80% | -0.00B |
| 2025-06-30 | $179M | 17 | +14.51% | +14.94% | -0.43% | -0.02B |
| 2025-03-31 | $186M | 21 | +9.30% | +8.30% | +0.99% | -0.00B |
| 2024-12-31 | $193M | 19 | +26.05% | +24.89% | +1.16% | -0.01B |
| 2024-09-30 | $193M | 23 | +28.85% | +36.04% | -7.19% | +0.01B |
| 2024-06-30 | $175M | 20 | +24.20% | +24.49% | -0.29% | -0.04B |
| 2024-03-31 | $205M | 20 | +27.06% | +29.62% | -2.56% | +0.03B |
| 2023-12-31 | $159M | 20 | +18.15% | +26.18% | -8.02% | +0.02B |
| 2023-09-30 | $129M | 22 | +15.42% | +21.57% | -6.15% | +0.02B |
| 2023-06-30 | $111M | 21 | +35.52% | +19.42% | +16.09% | +0.00B |
| 2023-03-31 | $101M | 19 | +8.45% | -7.82% | +16.27% | -0.04B |
| 2022-12-31 | $135M | 26 | -0.18% | -18.17% | +18.00% | +0.03B |
| 2022-09-30 | $105M | 33 | +6.18% | -15.51% | +21.68% | -0.05B |
| 2022-06-30 | $126M | 45 | -10.25% | -10.62% | +0.37% | +0.03B |