Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.22%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.17%
baseline attrition
Rally response
-3.77%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EZROAlphaDroid Defensive Sec | $18M | 7.4% | — | 0.3 yr |
| PSQProShares - Short QQQ | $17M | 7.2% | — | 2.0 yr |
| IVOLQuadratic Interest Rate | $16M | 6.8% | — | 5.0 yr |
| SPDNDirexion Daily S&P 500 B | $14M | 5.9% | — | 2.5 yr |
| SILJAmplify Junior Silver Mi | $14M | 5.8% | — | 2.0 yr |
| URNMSprott Uranium Miners ET | $8M | 3.2% | — | 3.8 yr |
| ECOWPacer Emerging Markets C | $7M | 3.1% | — | 3.5 yr |
| ICOWPacer Developed Markets | $7M | 2.9% | — | 4.0 yr |
| IVALAlpha Architect Internat | $7M | 2.8% | — | 5.3 yr |
| SHProShares - Short S&P500 | $6M | 2.5% | — | 1.5 yr |
| EZMOAlphaDroid Broad Markets | $6M | 2.5% | — | 0.3 yr |
| SILGlobal X - Silver Miners | $6M | 2.4% | — | 5.3 yr |
| SGDJSprott Junior Gold Miner | $6M | 2.4% | — | 4.3 yr |
| EYLDCambria Emerging Shareho | $6M | 2.4% | — | 0.5 yr |
| ACIOAptus Collared Income Op | $5M | 2.3% | — | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management63.2%+2.0pp$150M
Asset Management - Leveraged16.3%-0.6pp$39M
Asset Management - Global3.2%+0.8pp$8M
Asset Management - Income2.3%-0.2pp$5M
Unknown1.9%$5M
Asset Management - Bonds1.9%-1.5pp$5M
Consumer Electronics1.7%+0.1pp$4M
Medical - Healthcare Information Services1.6%+0.7pp$4M
Oil & Gas Exploration & Production1.0%+0.4pp$2M
Banks - Diversified0.7%-0.5pp$2M
Country
US97.5%-2.2pp
Unknown1.9%
CA0.3%
IE0.2%-0.1pp
Top 5: 33.1% · Top 10: 47.7% · Top 25: 75.2%
Top buys this quarter · 15
| AAPL Apple Inc. | +$1M |
| SCZM Santacruz Silver Mining Ltd. Cnew | +$1M |
| RRC Range Resources Corporation | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| IVAL Alpha Architect International | +$0M |
| HIDE Alpha Architect High Inflation | +$0M |
| BRES Burney U.S. Equity Select ETFnew | +$0M |
| VXX iPath Series B S&P 500 VIX Sho | +$0M |
| EYLD Cambria Emerging Shareholder Y | +$0M |
| SPDN Direxion Daily S&P 500 Bear 1X | +$0M |
Top sells this quarter · 15
| KTOS Kratos Defense & Security Solu | −$2M |
| JPM JPMorgan Chase & Co. | −$1M |
| AMT American Tower Corporationexit | −$1M |
| BR Broadridge Financial Solutionsexit | −$0M |
| AVGO Broadcom Inc. | −$0M |
| MSFT Microsoft Corporation | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
| PGR The Progressive Corporationexit | −$0M |
| ICE Intercontinental Exchange, Incexit | −$0M |
| PEP PepsiCo, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $237M | 89 | +19.55% | +17.59% | +1.95% | +0.04B |
| 2025-12-31 | $217M | 101 | +32.40% | +17.72% | +14.68% | -0.00B |
| 2025-09-30 | $206M | 95 | +31.82% | +17.52% | +14.30% | +0.01B |
| 2025-06-30 | $183M | 91 | +33.67% | +14.94% | +18.72% | -0.03B |
| 2025-03-31 | $184M | 90 | +18.42% | +8.30% | +10.12% | +0.01B |
| 2024-12-31 | $170M | 92 | +28.41% | +24.89% | +3.52% | -0.01B |
| 2024-09-30 | $169M | 87 | +37.40% | +36.04% | +1.36% | -0.02B |
| 2024-06-30 | $175M | 93 | +21.19% | +24.49% | -3.31% | -0.01B |
| 2024-03-31 | $174M | 98 | +27.70% | +29.62% | -1.92% | -0.00B |
| 2023-12-31 | $164M | 91 | +22.48% | +26.18% | -3.70% | -0.01B |
| 2023-09-30 | $154M | 87 | +17.32% | +21.57% | -4.25% | +0.00B |
| 2023-06-30 | $157M | 90 | +19.42% | +19.42% | -0.00% | +0.00B |
| 2023-03-31 | $141M | 85 | -4.01% | -7.82% | +3.80% | -0.01B |
| 2022-12-31 | $143M | 89 | +7.77% | +7.56% | +0.21% | +0.01B |
| 2022-09-30 | $123M | 89 | -2.95% | -4.93% | +1.98% | -0.01B |
| 2022-06-30 | $132M | 90 | -12.03% | -16.11% | +4.08% | +0.00B |