Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.80%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.92%
baseline attrition
Rally response
-0.71%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $94M | 10.1% | — | 1.3 yr |
| IEFAiShares Core MSCI EAFE E | $65M | 6.9% | — | 1.3 yr |
| IEMGiShares Core MSCI Emergi | $60M | 6.4% | — | 1.3 yr |
| IJHiShares Core S&P Mid-Cap | $57M | 6.1% | — | 1.3 yr |
| IJRiShares Core S&P Small-C | $31M | 3.3% | — | 1.3 yr |
| AAPLApple Inc. | $29M | 3.1% | +14.7% | 1.3 yr |
| SDVYFirst Trust SMID Cap Ris | $20M | 2.2% | — | 1.3 yr |
| MSFTMicrosoft Corporation | $17M | 1.8% | -0.6% | 1.3 yr |
| BRK-BBerkshire Hathaway Inc. | $16M | 1.7% | — | 1.3 yr |
| BRK-ABerkshire Hathaway Inc. | $15M | 1.6% | — | 1.3 yr |
| VNQVanguard Real Estate ETF | $14M | 1.5% | — | 1.3 yr |
| IWRiShares Russell Mid-Cap | $14M | 1.5% | — | 1.3 yr |
| RLYState Street Multi-Asset | $13M | 1.4% | — | 1.0 yr |
| VTIPVanguard Short-Term Infl | $13M | 1.4% | — | 1.3 yr |
| CSRECohen & Steers Real Esta | $12M | 1.3% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management61.7%+9.7pp$577M
Insurance - Diversified3.3%-3.4pp$31M
Consumer Electronics3.1%-0.3pp$29M
Drug Manufacturers - General2.8%-0.5pp$26M
Software - Infrastructure2.3%-0.5pp$22M
Internet Content & Information2.0%+0.5pp$19M
Agricultural - Machinery1.9%+0.3pp$18M
Semiconductors1.9%+1.1pp$18M
Oil & Gas Integrated1.7%-0.4pp$16M
Banks - Diversified1.5%-0.5pp$14M
Country
US97.9%+1.1pp
IE0.9%-0.7pp
Unknown0.8%-0.2pp
CH0.1%-0.1pp
GB0.1%-0.1pp
BM0.0%+0.0pp
CA0.0%-0.0pp
TW0.0%+0.0pp
Top 5: 32.9% · Top 10: 43.2% · Top 25: 60.9%
Top buys this quarter · 15
| AAPL Apple Inc. | +$29M |
| XOM Exxon Mobil Corporation | +$0M |
| HD The Home Depot, Inc. | +$0M |
| AVGO Broadcom Inc. | +$3M |
| MRK Merck & Co., Inc. | +$0M |
| ABBV AbbVie Inc. | +$5M |
| CAT Caterpillar Inc. | +$0M |
| JNJ Johnson & Johnson | +$0M |
| ALL The Allstate Corporation | +$0M |
| ADP Automatic Data Processing, Inc | +$1M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$1M |
| WK Workiva Inc. | −$1M |
| META Meta Platforms, Inc. | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
| CRWD CrowdStrike Holdings, Inc. | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| TSLA Tesla, Inc. | −$0M |
| GS The Goldman Sachs Group, Inc. | −$0M |
| UBER Uber Technologies, Inc. | −$0M |
| CEG Constellation Energy Corporati | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $935M | 917 | +10.31% | +17.59% | -7.29% | +0.06B |
| 2025-12-31 | $919M | 1097 | +3.00% | +2.66% | +0.33% | +0.05B |
| 2025-09-30 | $848M | 1089 | +6.22% | +8.12% | -1.90% | +0.05B |
| 2025-06-30 | $753M | 1078 | +5.36% | +10.78% | -5.42% | +0.02B |
| 2025-03-31 | $695M | 1171 | — | — | — | — |