Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.78%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.35%
steady accumulation
Rally response
+0.99%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $50M | 14.4% | — | 5.3 yr |
| VEAVanguard FTSE Developed | $41M | 12.0% | — | 5.3 yr |
| IJRiShares Core S&P Small-C | $40M | 11.5% | — | 5.3 yr |
| SPYState Street SPDR S&P 50 | $17M | 4.9% | +17.6% | 5.3 yr |
| LLYEli Lilly and Company | $14M | 4.1% | +12.2% | 5.3 yr |
| VTIVanguard Total Stock Mar | $13M | 3.8% | — | 5.3 yr |
| SCHPSchwab U.S. TIPS ETF | $13M | 3.7% | — | 3.3 yr |
| AAPLApple Inc. | $11M | 3.2% | +14.7% | 5.3 yr |
| NVDANVIDIA Corporation | $8M | 2.4% | +60.9% | 4.0 yr |
| VBVanguard Small-Cap ETF | $7M | 2.0% | — | 5.3 yr |
| GOOGAlphabet Inc. | $6M | 1.8% | +84.3% | 5.3 yr |
| MSFTMicrosoft Corporation | $6M | 1.8% | -0.6% | 5.3 yr |
| AMZNAmazon.com, Inc. | $5M | 1.5% | +9.5% | 5.3 yr |
| EFAiShares MSCI EAFE ETF | $5M | 1.4% | — | 5.3 yr |
| VOOVanguard S&P 500 ETF | $4M | 1.2% | — | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management58.8%-7.6pp$204M
Drug Manufacturers - General5.4%-0.6pp$19M
Semiconductors4.7%+2.6pp$16M
Consumer Electronics3.2%-0.4pp$11M
Internet Content & Information2.5%+0.6pp$9M
Software - Infrastructure2.4%+0.2pp$8M
Specialty Retail1.6%+0.2pp$6M
Banks - Diversified1.2%+0.2pp$4M
Aerospace & Defense1.1%+0.6pp$4M
Discount Stores1.0%+0.4pp$3M
Country
US98.5%-0.5pp
IE0.4%+0.1pp
Unknown0.4%-0.0pp
GB0.2%+0.2pp
CH0.1%+0.1pp
BM0.1%
CA0.1%
TW0.1%
Top 5: 46.9% · Top 10: 62.2% · Top 25: 76.2%
Top buys this quarter · 15
| GOOG Alphabet Inc. | +$4M |
| NVDA NVIDIA Corporation | +$2M |
| MSFT Microsoft Corporation | +$2M |
| AMZN Amazon.com, Inc. | +$1M |
| AAPL Apple Inc. | +$1M |
| AVGO Broadcom Inc. | +$1M |
| COST Costco Wholesale Corporation | +$1M |
| MCO Moody's Corporationnew | +$0M |
| SYK Stryker Corporationnew | +$0M |
| CI Cigna Corporationnew | +$0M |
Top sells this quarter · 15
| MEDP Medpace Holdings, Inc.exit | −$0M |
| LOW Lowe's Companies, Inc.exit | −$0M |
| TEAM Atlassian Corporationexit | −$0M |
| NDAQ Nasdaq, Inc.exit | −$0M |
| BBY Best Buy Co., Inc.exit | −$0M |
| COIN Coinbase Global, Inc.exit | −$0M |
| EXEL Exelixis, Inc.exit | −$0M |
| QCOM QUALCOMM Incorporatedexit | −$0M |
| PYPL PayPal Holdings, Inc.exit | −$0M |
| CRWD CrowdStrike Holdings, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $346M | 218 | +21.53% | +17.59% | +3.94% | +0.04B |
| 2025-12-31 | $327M | 192 | +21.95% | +17.72% | +4.23% | +0.01B |
| 2025-09-30 | $296M | 159 | +17.42% | +17.52% | -0.09% | -0.01B |
| 2025-06-30 | $277M | 167 | +11.53% | +14.94% | -3.41% | +0.01B |
| 2025-03-31 | $246M | 137 | +8.99% | +8.30% | +0.69% | -0.01B |
| 2024-12-31 | $267M | 123 | +28.18% | +24.89% | +3.30% | +0.01B |
| 2024-09-30 | $252M | 113 | +37.68% | +36.04% | +1.64% | +0.02B |
| 2024-06-30 | $227M | 87 | +30.06% | +24.49% | +5.57% | -0.01B |
| 2024-03-31 | $217M | 86 | +37.27% | +29.62% | +7.65% | -0.02B |
| 2023-12-31 | $210M | 75 | +31.63% | +26.18% | +5.45% | +0.00B |
| 2023-09-30 | $186M | 72 | +23.73% | +21.57% | +2.16% | -0.00B |
| 2023-06-30 | $191M | 70 | +22.75% | +19.42% | +3.32% | -0.02B |
| 2023-03-31 | $187M | 78 | -7.36% | -7.82% | +0.46% | +0.00B |
| 2022-12-31 | $175M | 71 | -17.47% | -18.17% | +0.71% | +0.06B |
| 2022-09-30 | $110M | 49 | -12.05% | -15.51% | +3.46% | -0.01B |
| 2022-06-30 | $121M | 48 | -9.20% | -10.62% | +1.42% | +0.01B |