Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.75%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.32%
baseline attrition
Rally response
-1.74%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VCRBVanguard Core Bond ETF | $64M | 14.4% | — | 0.3 yr |
| FIGBFidelity Investment Grad | $48M | 10.8% | — | 0.3 yr |
| IGFiShares Global Infrastru | $23M | 5.3% | — | 3.5 yr |
| AAPLApple Inc. | $20M | 4.5% | +14.7% | 5.5 yr |
| NVDANVIDIA Corporation | $15M | 3.4% | +60.9% | 5.5 yr |
| MSFTMicrosoft Corporation | $15M | 3.3% | -0.6% | 5.5 yr |
| GOOGLAlphabet Inc. | $11M | 2.4% | — | 5.5 yr |
| AMZNAmazon.com, Inc. | $10M | 2.3% | +9.5% | 5.5 yr |
| DJPiPath Bloomberg Commodit | $9M | 2.1% | — | 3.5 yr |
| CATCaterpillar Inc. | $7M | 1.5% | +117.8% | 2.3 yr |
| LLYEli Lilly and Company | $6M | 1.3% | +12.2% | 5.5 yr |
| XOMExxon Mobil Corporation | $6M | 1.3% | +47.6% | 4.5 yr |
| VTIVanguard Total Stock Mar | $6M | 1.3% | — | 0.3 yr |
| LMBSFirst Trust Low Duration | $6M | 1.3% | — | 0.3 yr |
| IBDTiShares iBonds Dec 2028 | $5M | 1.2% | — | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management27.5%+13.1pp$122M
Asset Management - Bonds16.5%+10.6pp$73M
Semiconductors6.7%-0.7pp$30M
Consumer Electronics4.5%-2.6pp$20M
Drug Manufacturers - General4.1%-0.9pp$18M
Software - Infrastructure4.0%-2.6pp$18M
Internet Content & Information3.7%-2.2pp$16M
Specialty Retail2.5%-1.0pp$11M
Oil & Gas Integrated1.9%+0.2pp$9M
Agricultural - Machinery1.7%+1.0pp$8M
Country
US99.3%+0.2pp
IE0.4%-0.2pp
GB0.3%+0.0pp
CH0.1%
Top 5: 38.5% · Top 10: 50.2% · Top 25: 67.2%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$4M |
| HBT HBT Financial, Inc. | +$4M |
| NVDA NVIDIA Corporation | +$3M |
| AAPL Apple Inc. | +$3M |
| XOM Exxon Mobil Corporation | +$3M |
| WMT Walmart Inc. | +$3M |
| CAT Caterpillar Inc. | +$2M |
| AMZN Amazon.com, Inc. | +$2M |
| JNJ Johnson & Johnson | +$2M |
| LLY Eli Lilly and Company | +$2M |
Top sells this quarter · 15
| PWR Quanta Services, Inc. | −$1M |
| HON Honeywell International Inc. | −$1M |
| ADI Analog Devices, Inc. | −$1M |
| CMI Cummins Inc. | −$1M |
| PPL PPL Corporation | −$1M |
| TGT Target Corporation | −$0M |
| GE GE Aerospace | −$0M |
| MU Micron Technology, Inc. | −$2M |
| APD Air Products and Chemicals, In | −$0M |
| FOX Fox Corporationexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $442M | 206 | +21.42% | +17.59% | +3.83% | +0.21B |
| 2025-12-31 | $236M | 155 | +20.97% | +17.72% | +3.25% | -0.01B |
| 2025-09-30 | $242M | 170 | +19.60% | +17.52% | +2.08% | +0.01B |
| 2025-06-30 | $213M | 166 | +17.46% | +14.94% | +2.52% | -0.00B |
| 2025-03-31 | $195M | 161 | +9.71% | +8.30% | +1.41% | +0.02B |
| 2024-12-31 | $184M | 139 | +24.74% | +24.89% | -0.15% | -0.01B |
| 2024-09-30 | $185M | 153 | +34.64% | +36.04% | -1.40% | -0.00B |
| 2024-06-30 | $176M | 145 | +22.30% | +24.49% | -2.19% | -0.00B |
| 2024-03-31 | $172M | 143 | +26.98% | +29.62% | -2.64% | +0.01B |
| 2023-12-31 | $145M | 122 | +21.19% | +26.18% | -4.98% | +0.01B |
| 2023-09-30 | $127M | 130 | +15.38% | +21.57% | -6.19% | +0.00B |
| 2023-06-30 | $128M | 128 | +16.65% | +19.42% | -2.78% | -0.01B |
| 2023-03-31 | $132M | 132 | -8.34% | -7.82% | -0.52% | -0.01B |
| 2022-12-31 | $135M | 121 | +5.32% | +7.56% | -2.24% | +0.03B |
| 2022-09-30 | $105M | 119 | -1.79% | -4.93% | +3.14% | -0.01B |
| 2022-06-30 | $113M | 128 | -15.32% | -16.11% | +0.79% | +0.00B |