Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.57%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.43%
baseline attrition
Rally response
-2.73%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MDYState Street SPDR S&P MI | $10M | 6.5% | — | 2.3 yr |
| IWMiShares Russell 2000 ETF | $9M | 6.0% | — | 2.3 yr |
| SDYState Street SPDR S&P Di | $8M | 5.1% | — | 2.3 yr |
| NVDANVIDIA Corporation | $7M | 4.5% | +1051.9% | 2.3 yr |
| AAPLApple Inc. | $7M | 4.4% | +89.2% | 2.3 yr |
| SPYState Street SPDR S&P 50 | $7M | 4.3% | +81.4% | 2.3 yr |
| MSFTMicrosoft Corporation | $5M | 3.2% | +48.7% | 2.3 yr |
| UDRUDR, Inc. | $5M | 3.2% | -14.1% | 2.3 yr |
| XLKState Street Technology | $5M | 3.0% | — | 2.3 yr |
| IVViShares Core S&P 500 ETF | $4M | 2.3% | — | 0.8 yr |
| XOMExxon Mobil Corporation | $3M | 2.1% | +125.0% | 2.3 yr |
| ILCGiShares Morningstar Grow | $3M | 2.1% | — | 2.3 yr |
| COSTCostco Wholesale Corpora | $3M | 2.1% | +117.7% | 2.3 yr |
| HDThe Home Depot, Inc. | $3M | 2.0% | +31.9% | 2.3 yr |
| XLFState Street Financial S | $3M | 1.9% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management42.9%-0.2pp$68M
Semiconductors6.8%+2.8pp$11M
Consumer Electronics4.4%+0.4pp$7M
Drug Manufacturers - General3.8%-0.9pp$6M
Oil & Gas Integrated3.5%-0.7pp$5M
Software - Infrastructure3.4%+0.3pp$5M
REIT - Residential3.2%-0.9pp$5M
Discount Stores2.7%+0.6pp$4M
Home Improvement2.0%-0.2pp$3M
Financial - Credit Services1.7%+0.3pp$3M
Country
US99.6%+0.4pp
GB0.2%-0.3pp
FR0.1%-0.0pp
CA0.0%-0.0pp
Unknown0.0%-0.1pp
IE0.0%
CH0.0%+0.0pp
NL0.0%
Top 5: 26.4% · Top 10: 42.3% · Top 25: 68.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SPY | $6M | +0.00B | 81.4% |
| AAPL | $5M | +0.00B | 89.2% |
| XOM | $3M | +0.00B | 125.0% |
| COST | $2M | +0.00B | 117.7% |
| NVDA | $2M | +0.00B | 1051.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| UDR | $5M | -0.00B | -14.1% |
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$7M |
| UPS United Parcel Service, Inc. | +$0M |
| VZ Verizon Communications Inc. | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$7M |
| SBUX Starbucks Corporation | +$0M |
| CVS CVS Health Corporation | +$0M |
| MRK Merck & Co., Inc. | +$0M |
| VLO Valero Energy Corporation | +$1M |
| SSB SouthState Corporationnew | +$0M |
| FITB Fifth Third Bancorp | +$0M |
Top sells this quarter · 15
| TPL Texas Pacific Land Corporation | −$1M |
| META Meta Platforms, Inc. | −$1M |
| HON Honeywell International Inc. | −$0M |
| NFLX Netflix, Inc.exit | −$0M |
| UNH UnitedHealth Group Incorporate | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
| TXN Texas Instruments Incorporated | −$3M |
| GOOG Alphabet Inc. | −$0M |
| BDX Becton, Dickinson and Company | −$1M |
| KMB Kimberly-Clark Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $158M | 274 | +58.82% | +0.92% | +57.90% | -0.03B |
| 2025-12-31 | $178M | 259 | +35.19% | -11.47% | +46.66% | -0.00B |
| 2025-09-30 | $178M | 261 | +28.09% | -17.75% | +45.84% | -0.01B |
| 2022-09-30 | $119M | 208 | -11.91% | -15.51% | +3.60% | -0.00B |
| 2022-06-30 | $126M | 211 | -6.65% | -10.62% | +3.97% | -0.01B |
| 2022-03-31 | $154M | 211 | -4.62% | -4.62% | +0.00% | -0.00B |
| 2021-12-31 | $165M | 209 | +11.07% | +11.07% | +0.00% | -0.01B |
| 2021-09-30 | $157M | 211 | +0.57% | +0.57% | +0.00% | -0.00B |
| 2021-06-30 | $158M | 202 | — | — | — | — |