Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.81%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.81%
steady accumulation
Rally response
-0.77%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VGITVanguard Intermediate-Te | $36M | 10.3% | — | 1.8 yr |
| VCRBVanguard Core Bond ETF | $32M | 9.2% | — | 0.8 yr |
| AAPLApple Inc. | $13M | 3.9% | +14.7% | 5.3 yr |
| NVDANVIDIA Corporation | $12M | 3.5% | +60.9% | 5.3 yr |
| CLIPGlobal X - 1-3 Month T-B | $11M | 3.1% | — | 2.0 yr |
| GOOGAlphabet Inc. | $9M | 2.6% | +84.3% | 5.3 yr |
| AMZNAmazon.com, Inc. | $9M | 2.5% | +9.5% | 5.3 yr |
| GLDSPDR Gold Shares | $8M | 2.4% | — | 2.5 yr |
| MSFTMicrosoft Corporation | $8M | 2.2% | -0.6% | 5.3 yr |
| AVGOBroadcom Inc. | $8M | 2.2% | +86.0% | 5.3 yr |
| SUBiShares Short-Term Natio | $7M | 2.1% | — | 2.8 yr |
| VTEBVanguard Tax-Exempt Bond | $6M | 1.8% | — | 5.3 yr |
| TSMTaiwan Semiconductor Man | $6M | 1.8% | +105.6% | 5.3 yr |
| ASMLASML Holding N.V. | $5M | 1.5% | +100.9% | 5.3 yr |
| XOMExxon Mobil Corporation | $5M | 1.5% | +47.6% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management29.0%+8.3pp$101M
Semiconductors10.6%+2.8pp$37M
Internet Content & Information5.5%+0.6pp$19M
Software - Infrastructure4.8%-2.5pp$17M
Consumer Electronics3.9%-0.9pp$13M
Aerospace & Defense3.2%+0.3pp$11M
Asset Management - Global3.1%-1.2pp$11M
Oil & Gas Integrated3.0%+1.2pp$11M
Oil & Gas Midstream3.0%+1.5pp$10M
Specialty Retail2.5%-0.4pp$9M
Country
US92.3%+1.5pp
TW1.8%+0.5pp
CH1.6%-0.1pp
NL1.5%+0.6pp
GB0.7%+0.1pp
DE0.5%-0.6pp
JP0.5%-1.1pp
LU0.5%
Top 5: 30.0% · Top 10: 41.9% · Top 25: 62.5%
Top buys this quarter · 15
| KMI Kinder Morgan, Inc. | +$3M |
| EQNR Equinor ASAnew | +$2M |
| SRE Sempra | +$2M |
| MCK McKesson Corporation | +$1M |
| LNG Cheniere Energy, Inc. | +$1M |
| CVX Chevron Corporation | +$1M |
| WMB The Williams Companies, Inc. | +$1M |
| XOM Exxon Mobil Corporation | +$1M |
| T AT&T Inc. | +$0M |
| VZ Verizon Communications Inc. | +$0M |
Top sells this quarter · 15
| MUFG Mitsubishi UFJ Financial Groupexit | −$3M |
| FCX Freeport-McMoRan Inc.exit | −$3M |
| FICO Fair Isaac Corporationexit | −$2M |
| BAC Bank of America Corporation | −$2M |
| CI Cigna Corporationexit | −$1M |
| SPY State Street SPDR S&P 500 ETF | −$1M |
| NOW ServiceNow, Inc.exit | −$1M |
| TOST Toast, Inc.exit | −$1M |
| VEEV Veeva Systems Inc.exit | −$1M |
| WM Waste Management, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $347M | 114 | +20.25% | +17.59% | +2.66% | -0.00B |
| 2025-12-31 | $355M | 115 | +17.70% | +17.72% | -0.02% | -0.00B |
| 2025-09-30 | $353M | 112 | +18.08% | +17.52% | +0.56% | -0.01B |
| 2025-06-30 | $335M | 107 | +15.00% | +14.94% | +0.06% | +0.03B |
| 2025-03-31 | $273M | 106 | +4.90% | +8.30% | -3.40% | +0.01B |
| 2024-12-31 | $280M | 107 | +19.81% | +24.89% | -5.08% | +0.00B |
| 2024-09-30 | $271M | 112 | +30.69% | +36.04% | -5.34% | +0.02B |
| 2024-06-30 | $242M | 108 | +21.79% | +24.49% | -2.70% | +0.01B |
| 2024-03-31 | $229M | 110 | +27.52% | +29.62% | -2.10% | -0.00B |
| 2023-12-31 | $211M | 113 | +24.34% | +26.18% | -1.84% | +0.01B |
| 2023-09-30 | $183M | 109 | +20.40% | +21.57% | -1.17% | +0.00B |
| 2023-06-30 | $182M | 108 | +18.57% | +19.42% | -0.86% | -0.00B |
| 2023-03-31 | $171M | 108 | -6.94% | -7.82% | +0.88% | +0.02B |
| 2022-12-31 | $146M | 103 | -16.61% | -18.17% | +1.57% | -0.00B |
| 2022-09-30 | $136M | 99 | -14.06% | -15.51% | +1.45% | +0.01B |
| 2022-06-30 | $135M | 101 | -10.01% | -10.62% | +0.61% | +0.00B |