Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.29%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.95%
steady accumulation
Rally response
-3.22%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRKRPBruker Corporation 6.375 | $342M | 13.4% | — | 5.3 yr |
| GLPGlobal Partners LP | $73M | 2.8% | -15.8% | 5.0 yr |
| MSFTMicrosoft Corporation | $58M | 2.3% | -0.6% | 5.3 yr |
| AAPLApple Inc. | $50M | 2.0% | +14.7% | 5.3 yr |
| NVDANVIDIA Corporation | $48M | 1.9% | +60.9% | 5.3 yr |
| AMZNAmazon.com, Inc. | $47M | 1.8% | +9.5% | 5.3 yr |
| GOOGLAlphabet Inc. | $40M | 1.6% | — | 5.0 yr |
| FNDFSchwab Fundamental Inter | $38M | 1.5% | — | 2.8 yr |
| FBNDFidelity Total Bond ETF | $37M | 1.4% | — | 2.3 yr |
| DFIVDimensional - Internatio | $36M | 1.4% | — | 3.3 yr |
| FENIFidelity Enhanced Intern | $34M | 1.3% | — | 1.5 yr |
| DFAIDimensional - Internatio | $34M | 1.3% | — | 3.8 yr |
| AVGOBroadcom Inc. | $31M | 1.2% | +86.0% | 5.0 yr |
| JIREJPMorgan International R | $30M | 1.2% | — | 3.8 yr |
| JPMJPMorgan Chase & Co. | $27M | 1.0% | +21.8% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management28.5%+3.6pp$729M
Medical - Devices14.2%-4.0pp$364M
Semiconductors4.3%+0.9pp$110M
Asset Management - Bonds4.1%+0.3pp$105M
Oil & Gas Midstream3.6%-0.8pp$93M
Software - Infrastructure3.2%-1.1pp$82M
Internet Content & Information3.0%+0.5pp$76M
Specialty Retail2.3%-0.2pp$59M
Drug Manufacturers - General2.1%-0.3pp$54M
Consumer Electronics2.0%-0.5pp$51M
Country
US97.1%-0.1pp
GB0.9%+0.0pp
IE0.7%-0.2pp
Unknown0.5%+0.2pp
BM0.2%-0.0pp
CH0.2%+0.0pp
SG0.1%+0.1pp
CA0.1%-0.0pp
Top 5: 22.4% · Top 10: 30.2% · Top 25: 44.8%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.56B | 860 | +17.49% | +17.59% | -0.10% | -0.33B |
| 2025-12-31 | $2.92B | 880 | +14.21% | +17.72% | -3.51% | +0.27B |
| 2025-09-30 | $2.62B | 868 | +15.99% | +17.52% | -1.53% | -0.08B |
| 2025-06-30 | $2.53B | 856 | +14.39% | +14.94% | -0.55% | -0.02B |
| 2025-03-31 | $2.31B | 758 | +6.71% | +8.30% | -1.60% | +0.15B |
| 2024-12-31 | $2.25B | 577 | +25.25% | +24.89% | +0.37% | -0.05B |
| 2024-09-30 | $2.24B | 592 | +36.66% | +36.04% | +0.62% | +0.00B |
| 2024-06-30 | $2.12B | 496 | +27.64% | +24.49% | +3.15% | -0.27B |
| 2024-03-31 | $2.33B | 425 | +34.66% | +29.62% | +5.04% | +0.27B |
| 2023-12-31 | $1.83B | 353 | +24.86% | +26.18% | -1.32% | +0.00B |
| 2023-09-30 | $1.62B | 343 | +17.41% | +21.57% | -4.15% | -0.55B |
| 2023-06-30 | $2.21B | 258 | +14.21% | +19.42% | -5.21% | +1.06B |
| 2023-03-31 | $1.07B | 268 | -11.63% | -7.82% | -3.81% | +0.04B |
| 2022-12-31 | $988M | 264 | -19.42% | -18.17% | -1.24% | +0.04B |
| 2022-09-30 | $898M | 250 | -15.13% | -15.51% | +0.37% | +0.22B |
| 2022-06-30 | $706M | 222 | -10.78% | -10.62% | -0.16% | +0.05B |