Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.08%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.24%
steady accumulation
Rally response
-0.86%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BILState Street SPDR Bloomb | $40M | 8.9% | — | 4.0 yr |
| FLTRVanEck IG Floating Rate | $26M | 5.6% | — | 1.5 yr |
| IOOiShares Global 100 ETF | $24M | 5.4% | — | 1.0 yr |
| ASAASA Gold and Precious Me | $20M | 4.3% | +106.2% | 4.5 yr |
| SRLNState Street Blackstone | $15M | 3.3% | — | 4.5 yr |
| SGOViShares 0-3 Month Treasu | $15M | 3.3% | — | 2.0 yr |
| VTIPVanguard Short-Term Infl | $13M | 3.0% | — | 1.5 yr |
| VEUVanguard FTSE All-World | $13M | 2.8% | — | 1.0 yr |
| DGROiShares Core Dividend Gr | $12M | 2.6% | — | 4.5 yr |
| FPEFirst Trust Preferred Se | $12M | 2.6% | — | 4.3 yr |
| SHViShares 0â1 Year Treas | $11M | 2.5% | — | 0.8 yr |
| SHYGiShares 0-5 Year High Yi | $11M | 2.4% | — | 1.3 yr |
| LQDHiShares Interest Rate He | $10M | 2.3% | — | 1.0 yr |
| SLViShares Silver Trust | $9M | 2.1% | — | 1.0 yr |
| VSSVanguard FTSE All-World | $8M | 1.9% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management54.0%-1.3pp$245M
Asset Management - Bonds10.8%+6.3pp$49M
Asset Management - Global6.3%+5.3pp$29M
Asset Management - Leveraged3.0%+0.2pp$13M
Drug Manufacturers - General1.8%-0.3pp$8M
Semiconductors1.8%-1.4pp$8M
Banks - Diversified1.3%-0.2pp$6M
Industrial - Machinery1.3%-0.8pp$6M
Consumer Electronics1.1%-0.1pp$5M
Communication Equipment1.1%-0.3pp$5M
Country
US99.2%+0.5pp
Unknown0.3%+0.0pp
CA0.2%-0.1pp
JP0.1%-0.1pp
IE0.1%-0.2pp
UY0.1%-0.0pp
IL0.0%
Top 5: 27.5% · Top 10: 41.8% · Top 25: 62.7%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ASA | $15M | +0.02B | 106.2% |
| JBL | $3M | +0.00B | 95.5% |
| XOM | $3M | +0.00B | 47.6% |
| BEN | $3M | +0.00B | 27.8% |
| JPM | $4M | +0.00B | 21.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| CTSH Cognizant Technology Solutions | +$1M |
| HOG Harley-Davidson, Inc. | +$1M |
| EOG EOG Resources, Inc. | +$0M |
| HUN Huntsman Corporation | +$0M |
| MSFT Microsoft Corporation | +$2M |
| DXC DXC Technology Company | +$0M |
| APAM Artisan Partners Asset Managem | +$3M |
| SWKS Skyworks Solutions, Inc. | +$0M |
| DFTX Definium Therapeutics, Inc.new | +$0M |
| ANET Arista Networks, Inc.new | +$0M |
Top sells this quarter · 15
| ASA ASA Gold and Precious Metals L | −$9M |
| LYB LyondellBasell Industries N.V. | −$1M |
| FCX Freeport-McMoRan Inc. | −$0M |
| CTAS Cintas Corporationexit | −$0M |
| CHRW C.H. Robinson Worldwide, Inc. | −$0M |
| AMP Ameriprise Financial, Inc.exit | −$0M |
| IDXX IDEXX Laboratories, Inc.exit | −$0M |
| JBL Jabil Inc. | −$3M |
| INTU Intuit Inc.exit | −$0M |
| BWA BorgWarner Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $455M | 200 | +26.21% | +17.59% | +8.61% | -0.00B |
| 2025-12-31 | $444M | 196 | +23.94% | +17.72% | +6.22% | +0.02B |
| 2025-09-30 | $401M | 191 | +12.89% | +17.52% | -4.63% | -0.00B |
| 2025-06-30 | $372M | 189 | +11.70% | +14.94% | -3.24% | -0.02B |
| 2025-03-31 | $369M | 176 | +3.50% | +8.30% | -4.81% | +0.02B |
| 2024-12-31 | $348M | 176 | +11.35% | +24.89% | -13.53% | +0.04B |
| 2024-09-30 | $318M | 183 | +27.00% | +36.04% | -9.03% | +0.01B |
| 2024-06-30 | $284M | 177 | +13.50% | +24.49% | -10.99% | +0.02B |
| 2024-03-31 | $273M | 173 | +17.94% | +29.62% | -11.69% | +0.04B |
| 2023-12-31 | $211M | 164 | +16.12% | +26.18% | -10.05% | -0.01B |
| 2023-09-30 | $201M | 170 | +12.90% | +21.57% | -8.67% | +0.02B |
| 2023-06-30 | $188M | 165 | +12.12% | +19.42% | -7.30% | +0.01B |
| 2023-03-31 | $174M | 163 | -5.66% | -7.82% | +2.15% | +0.02B |
| 2022-12-31 | $147M | 163 | -16.07% | -18.17% | +2.10% | +0.01B |
| 2022-09-30 | $129M | 158 | -4.45% | -4.93% | +0.48% | +0.00B |
| 2022-06-30 | $130M | 162 | -14.48% | -16.11% | +1.64% | +0.02B |