Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.74%
adds when stocks drop
when a holding falls −10%+
Middle response
-17.62%
baseline attrition
Rally response
-4.60%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IEIiShares 3-7 Year Treasur | $109M | 11.9% | — | 3.5 yr |
| MBBiShares MBS ETF | $53M | 5.8% | — | 0.8 yr |
| ABBVAbbVie Inc. | $40M | 4.3% | +7.3% | 5.5 yr |
| MSFTMicrosoft Corporation | $38M | 4.2% | -0.6% | 5.5 yr |
| GOOGAlphabet Inc. | $38M | 4.1% | +84.3% | 5.5 yr |
| COSTCostco Wholesale Corpora | $36M | 3.9% | +5.9% | 5.5 yr |
| AMZNAmazon.com, Inc. | $34M | 3.6% | +9.5% | 5.0 yr |
| LLYEli Lilly and Company | $32M | 3.5% | +12.2% | 3.0 yr |
| NVDANVIDIA Corporation | $29M | 3.2% | +60.9% | 4.3 yr |
| BRK-BBerkshire Hathaway Inc. | $29M | 3.2% | — | 5.3 yr |
| AAPLApple Inc. | $28M | 3.1% | +14.7% | 5.5 yr |
| XLKState Street Technology | $26M | 2.9% | — | 5.3 yr |
| GEVGE Vernova Inc. | $25M | 2.8% | +186.8% | 2.0 yr |
| MGKVanguard Mega Cap Growth | $23M | 2.5% | — | 3.5 yr |
| SHYiShares 1-3 Year Treasur | $22M | 2.4% | — | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management41.1%+6.8pp$378M
Software - Infrastructure8.3%+1.8pp$77M
Drug Manufacturers - General7.8%+0.6pp$72M
Discount Stores6.0%+0.5pp$55M
Internet Content & Information4.3%+1.3pp$40M
Specialty Retail3.6%+0.9pp$34M
Semiconductors3.4%+0.9pp$31M
Insurance - Diversified3.2%+1.1pp$29M
Consumer Electronics3.1%-1.1pp$28M
Renewable Utilities2.8%+1.1pp$25M
Country
US99.8%+1.7pp
CA0.1%+0.0pp
TW0.0%
IE0.0%-0.0pp
Unknown0.0%-1.7pp
CH0.0%
Top 5: 30.3% · Top 10: 47.7% · Top 25: 81.6%
Top buys this quarter · 15
| AAPL Apple Inc. | +$24M |
| MSFT Microsoft Corporation | +$10M |
| CRM Salesforce, Inc. | +$10M |
| NOW ServiceNow, Inc. | +$9M |
| AMZN Amazon.com, Inc. | +$34M |
| LLY Eli Lilly and Company | +$32M |
| KLAC KLA Corporationnew | +$0M |
| SPGI S&P Global Inc.new | +$0M |
| MPC Marathon Petroleum Corporationnew | +$0M |
| CB Chubb Limitednew | +$0M |
Top sells this quarter · 15
| META Meta Platforms, Inc. | −$39M |
| MO Altria Group, Inc. | −$22M |
| KMI Kinder Morgan, Inc. | −$20M |
| V Visa Inc. | −$15M |
| JPM JPMorgan Chase & Co. | −$13M |
| PLTR Palantir Technologies Inc. | −$5M |
| GEV GE Vernova Inc. | −$23M |
| DUK Duke Energy Corporation | −$4M |
| BLK BlackRock, Inc. | −$4M |
| VZ Verizon Communications Inc. | −$19M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $919M | 118 | +23.74% | +17.59% | +6.15% | -0.14B |
| 2025-12-31 | $1.08B | 115 | +23.35% | +17.72% | +5.63% | +0.04B |
| 2025-09-30 | $1.00B | 117 | +20.54% | +17.52% | +3.02% | -0.01B |
| 2025-06-30 | $926M | 108 | +17.85% | +14.94% | +2.91% | -0.04B |
| 2025-03-31 | $864M | 107 | +11.41% | +8.30% | +3.11% | +0.05B |
| 2024-12-31 | $832M | 116 | +25.33% | +24.89% | +0.45% | -0.02B |
| 2024-09-30 | $848M | 152 | +37.35% | +36.04% | +1.32% | +0.14B |
| 2024-06-30 | $664M | 121 | +23.20% | +24.49% | -1.29% | -0.01B |
| 2024-03-31 | $645M | 115 | +23.96% | +29.62% | -5.66% | +0.02B |
| 2023-12-31 | $568M | 110 | +13.95% | +26.18% | -12.23% | -0.07B |
| 2023-09-30 | $584M | 113 | +9.90% | +21.57% | -11.67% | -0.06B |
| 2023-06-30 | $671M | 114 | +8.12% | +19.42% | -11.31% | +0.64B |
| 2023-03-31 | $27M | 27 | -6.54% | -7.82% | +1.27% | -0.50B |
| 2022-12-31 | $517M | 100 | -12.14% | -18.17% | +6.03% | +0.06B |
| 2022-09-30 | $426M | 82 | -8.21% | -15.51% | +7.30% | -0.01B |
| 2022-06-30 | $461M | 84 | -2.51% | -10.62% | +8.11% | +0.01B |