Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.59%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.77%
baseline attrition
Rally response
-9.75%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MOATVanEck Morningstar Wide | $38M | 16.7% | — | 5.3 yr |
| JPSTJPMorgan Ultra-Short Inc | $20M | 8.8% | — | 3.3 yr |
| GOOGLAlphabet Inc. | $10M | 4.4% | — | 5.3 yr |
| METAMeta Platforms, Inc. | $9M | 3.8% | -0.4% | 5.3 yr |
| AAPLApple Inc. | $7M | 2.9% | +14.7% | 5.3 yr |
| AXPAmerican Express Company | $6M | 2.8% | +13.3% | 5.3 yr |
| VOOVanguard S&P 500 ETF | $6M | 2.5% | — | 3.3 yr |
| WTVWisdomTree U.S. Value Fu | $5M | 2.1% | — | 1.3 yr |
| COSTCostco Wholesale Corpora | $5M | 2.1% | +5.9% | 5.3 yr |
| — | $5M | 2.0% | — | 2.0 yr |
| INTUIntuit Inc. | $5M | 2.0% | -29.3% | 0.3 yr |
| SPYVState Street SPDR Portfo | $4M | 2.0% | — | 1.5 yr |
| UNHUnitedHealth Group Incor | $4M | 2.0% | -46.9% | 0.8 yr |
| WDAYWorkday, Inc. | $4M | 1.9% | -44.4% | 3.8 yr |
| RSPInvesco S&P 500 Equal We | $4M | 1.8% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management31.9%+7.7pp$73M
Software - Application12.5%-5.6pp$29M
Internet Content & Information10.2%-0.9pp$23M
Asset Management - Income9.0%+5.6pp$20M
Financial - Credit Services7.9%+1.3pp$18M
Discount Stores2.9%+0.9pp$7M
Consumer Electronics2.9%+0.3pp$7M
Unknown2.3%+0.4pp$5M
Medical - Healthcare Plans2.0%$4M
Financial - Capital Markets1.9%-0.7pp$4M
Country
US95.2%+5.3pp
Unknown2.3%+0.4pp
KR1.2%-0.0pp
GB0.7%-0.8pp
AU0.7%-1.3pp
Top 5: 36.5% · Top 10: 48.1% · Top 25: 73.3%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $228M | 93 | -17.06% | +17.59% | -34.65% | +0.01B |
| 2025-12-31 | $259M | 87 | -7.23% | +17.72% | -24.94% | -0.05B |
| 2025-09-30 | $321M | 110 | +2.22% | +17.52% | -15.30% | +0.01B |
| 2025-06-30 | $327M | 112 | +16.30% | +14.94% | +1.35% | +0.02B |
| 2025-03-31 | $290M | 101 | +8.99% | +8.30% | +0.69% | +0.01B |
| 2024-12-31 | $291M | 98 | +20.25% | +24.89% | -4.63% | +0.01B |
| 2024-09-30 | $265M | 102 | +32.20% | +36.04% | -3.84% | +0.01B |
| 2024-06-30 | $236M | 92 | +23.84% | +24.49% | -0.65% | +0.01B |
| 2024-03-31 | $228M | 86 | +33.61% | +29.62% | +3.99% | +0.01B |
| 2023-12-31 | $212M | 83 | +44.86% | +26.18% | +18.68% | -0.01B |
| 2023-09-30 | $184M | 79 | +27.42% | +21.57% | +5.85% | +0.01B |
| 2023-06-30 | $173M | 76 | +18.54% | +19.42% | -0.89% | +0.01B |
| 2023-03-31 | $157M | 71 | -5.34% | -7.82% | +2.48% | -0.02B |
| 2022-12-31 | $158M | 75 | +4.04% | +7.56% | -3.52% | +0.00B |
| 2022-09-30 | $151M | 66 | -6.10% | -4.93% | -1.17% | -0.01B |
| 2022-06-30 | $175M | 67 | -14.66% | -16.11% | +1.45% | +0.00B |