Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.56%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.25%
steady accumulation
Rally response
+2.78%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $111M | 19.6% | +17.6% | 5.3 yr |
| QQQInvesco QQQ Trust, Serie | $64M | 11.2% | — | 4.5 yr |
| RSPInvesco S&P 500 Equal We | $48M | 8.4% | — | 5.0 yr |
| AAPLApple Inc. | $30M | 5.2% | +14.7% | 4.8 yr |
| NVDANVIDIA Corporation | $21M | 3.7% | +60.9% | 5.3 yr |
| MOATVanEck Morningstar Wide | $19M | 3.4% | — | 5.0 yr |
| AMZNAmazon.com, Inc. | $17M | 2.9% | +9.5% | 4.5 yr |
| GOOGLAlphabet Inc. | $16M | 2.8% | — | 5.0 yr |
| METAMeta Platforms, Inc. | $14M | 2.5% | -0.4% | 5.3 yr |
| VOOVanguard S&P 500 ETF | $14M | 2.4% | — | 4.8 yr |
| AVDEAvantis International Eq | $13M | 2.3% | — | 2.3 yr |
| MUMicron Technology, Inc. | $11M | 1.9% | +289.6% | 4.8 yr |
| IVViShares Core S&P 500 ETF | $9M | 1.6% | — | 4.5 yr |
| AAXJiShares MSCI All Country | $8M | 1.4% | — | 4.5 yr |
| RSPTInvesco S&P 500 Equal We | $7M | 1.2% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management64.7%-1.7pp$368M
Semiconductors6.5%+3.7pp$37M
Internet Content & Information6.2%+1.4pp$35M
Consumer Electronics5.2%-2.5pp$30M
Specialty Retail3.0%-0.7pp$17M
Software - Infrastructure1.6%+0.4pp$9M
Auto - Manufacturers1.0%+0.2pp$6M
Asset Management - Global0.9%-1.6pp$5M
Asset Management - Income0.8%-0.4pp$5M
Insurance - Diversified0.8%+0.2pp$5M
Country
US98.0%+1.0pp
AR1.0%-1.0pp
TW0.1%+0.1pp
CA0.1%+0.1pp
MX0.1%-0.2pp
Unknown0.1%-0.0pp
NL0.1%+0.0pp
GB0.1%+0.0pp
Top 5: 48.1% · Top 10: 62.1% · Top 25: 78.3%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$9M |
| SPY State Street SPDR S&P 500 ETF | +$7M |
| META Meta Platforms, Inc. | +$5M |
| MU Micron Technology, Inc. | +$4M |
| AMZN Amazon.com, Inc. | +$3M |
| MSFT Microsoft Corporation | +$3M |
| GOOG Alphabet Inc. | +$2M |
| LLY Eli Lilly and Company | +$2M |
| ALL The Allstate Corporation | +$1M |
| TSLA Tesla, Inc. | +$1M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$2M |
| LOMA Loma Negra CompañÃa Industri | −$1M |
| SUPV Grupo Supervielle S.A. | −$0M |
| WDC Western Digital Corporation | −$0M |
| GD General Dynamics Corporation | −$0M |
| BMA Banco Macro S.A. | −$0M |
| GEV GE Vernova Inc. | −$0M |
| TGT Target Corporation | −$0M |
| WMT Walmart Inc. | −$0M |
| RTX RTX Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $569M | 1222 | +19.51% | +17.59% | +1.92% | +0.06B |
| 2025-12-31 | $535M | 1120 | +15.97% | +17.72% | -1.75% | +0.02B |
| 2025-09-30 | $494M | 1126 | +18.51% | +17.52% | +1.00% | +0.04B |
| 2025-06-30 | $415M | 1033 | +15.36% | +14.94% | +0.41% | +0.00B |
| 2025-03-31 | $373M | 1034 | +9.39% | +8.30% | +1.08% | +0.04B |
| 2024-12-31 | $358M | 885 | +31.33% | +24.89% | +6.44% | +0.01B |
| 2024-09-30 | $324M | 561 | +37.37% | +36.04% | +1.33% | +0.00B |
| 2024-06-30 | $304M | 522 | +25.76% | +24.49% | +1.27% | +0.09B |
| 2024-03-31 | $208M | 363 | +31.35% | +29.62% | +1.73% | +0.01B |
| 2023-12-31 | $181M | 319 | +31.00% | +26.18% | +4.83% | -0.00B |
| 2023-09-30 | $162M | 339 | +24.14% | +21.57% | +2.58% | +0.02B |
| 2023-06-30 | $142M | 224 | +21.83% | +19.42% | +2.40% | -0.03B |
| 2023-03-31 | $155M | 313 | -7.94% | -7.82% | -0.13% | -0.22B |
| 2022-12-31 | $337M | 446 | -20.15% | -18.17% | -1.98% | +0.01B |
| 2022-09-30 | $309M | 423 | -16.27% | -15.51% | -0.77% | +0.17B |
| 2022-06-30 | $144M | 399 | -11.58% | -10.62% | -0.96% | +0.01B |