Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.32%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.70%
baseline attrition
Rally response
-4.69%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $88M | 40.2% | — | 5.3 yr |
| VEAVanguard FTSE Developed | $50M | 22.6% | — | 5.3 yr |
| AGGiShares Core U.S. Aggreg | $28M | 12.6% | — | 3.8 yr |
| VWOVanguard FTSE Emerging M | $19M | 8.8% | — | 5.3 yr |
| AAPLApple Inc. | $11M | 4.8% | +14.7% | 5.3 yr |
| VWOBVanguard Emerging Market | $9M | 4.1% | — | 2.5 yr |
| REETiShares Global REIT ETF | $5M | 2.1% | — | 5.3 yr |
| OBDCBlue Owl Capital Corpora | $4M | 2.0% | -17.8% | 5.3 yr |
| EPDEnterprise Products Part | $2M | 1.1% | +18.7% | 5.3 yr |
| CMGChipotle Mexican Grill, | $2M | 0.7% | -36.2% | 5.3 yr |
| VCLTVanguard Long-Term Corpo | $1M | 0.4% | — | 2.0 yr |
| IIFMorgan Stanley India Inv | $0M | 0.2% | — | 5.3 yr |
| EWJiShares MSCI Japan ETF | $0M | 0.1% | — | 5.0 yr |
| BROSDutch Bros Inc. | $0M | 0.1% | -17.9% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management84.5%+8.4pp$186M
Consumer Electronics4.8%+0.7pp$11M
Asset Management - Bonds4.5%+1.6pp$10M
Asset Management - Global2.1%+0.1pp$5M
Financial - Credit Services2.0%-0.1pp$4M
Oil & Gas Midstream1.1%-10.0pp$2M
Restaurants0.8%-0.3pp$2M
Country
US100.0%+0.0pp
Top 5: 89.1% · Top 10: 99.2% · 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 | $220M | 14 | -3.57% | +17.59% | -21.16% | -0.01B |
| 2025-12-31 | $232M | 15 | -2.17% | +17.72% | -19.89% | -0.02B |
| 2025-09-30 | $245M | 16 | +2.29% | +17.52% | -15.22% | +0.02B |
| 2025-06-30 | $235M | 16 | +10.33% | +14.94% | -4.61% | +0.02B |
| 2025-03-31 | $228M | 15 | +21.69% | +8.30% | +13.39% | -0.02B |
| 2024-12-31 | $242M | 16 | +18.13% | +24.89% | -6.76% | -0.02B |
| 2024-09-30 | $244M | 16 | +17.02% | +36.04% | -19.02% | +0.00B |
| 2024-06-30 | $232M | 16 | +10.69% | +24.49% | -13.80% | -0.02B |
| 2024-03-31 | $234M | 15 | +12.77% | +29.62% | -16.85% | +0.03B |
| 2023-12-31 | $210M | 15 | +27.00% | +26.18% | +0.83% | +0.07B |
| 2023-09-30 | $131M | 15 | +24.37% | +21.57% | +2.80% | -0.00B |
| 2023-06-30 | $132M | 15 | +17.36% | +19.42% | -2.07% | -0.00B |
| 2023-03-31 | $126M | 15 | -5.05% | -7.82% | +2.77% | -0.02B |
| 2022-12-31 | $128M | 16 | +4.94% | +7.56% | -2.62% | -0.01B |
| 2022-09-30 | $134M | 15 | -6.49% | -4.93% | -1.56% | +0.01B |
| 2022-06-30 | $128M | 16 | -12.79% | -16.11% | +3.32% | -0.00B |