Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.88%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.27%
baseline attrition
Rally response
-2.46%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIPVanguard Short-Term Infl | $93M | 16.6% | — | 4.8 yr |
| VIGVanguard Dividend Apprec | $31M | 5.6% | — | 4.8 yr |
| VTVVanguard Value ETF | $30M | 5.5% | — | 4.8 yr |
| DFICDimensional - Internatio | $21M | 3.7% | — | 3.3 yr |
| FNDFSchwab Fundamental Inter | $19M | 3.4% | — | 4.8 yr |
| VBRVanguard Small-Cap Value | $17M | 3.1% | — | 4.8 yr |
| VGSHVanguard Short-Term Trea | $15M | 2.8% | — | 4.8 yr |
| DFSDDimensional - Short Dura | $15M | 2.7% | — | 1.5 yr |
| GOOGLAlphabet Inc. | $14M | 2.5% | — | 4.8 yr |
| BRK-BBerkshire Hathaway Inc. | $14M | 2.5% | — | 4.8 yr |
| AAPLApple Inc. | $9M | 1.6% | +14.7% | 4.8 yr |
| SGOViShares 0-3 Month Treasu | $8M | 1.5% | — | 3.3 yr |
| NEENextEra Energy, Inc. | $8M | 1.5% | +34.9% | 4.8 yr |
| RSPUInvesco S&P 500 Equal We | $8M | 1.4% | — | 2.8 yr |
| MSFTMicrosoft Corporation | $8M | 1.4% | -0.6% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management37.8%+0.8pp$210M
Asset Management - Leveraged19.4%+1.7pp$108M
Aerospace & Defense3.2%+0.1pp$18M
Drug Manufacturers - General3.0%+0.2pp$17M
Internet Content & Information2.9%+0.9pp$16M
Asset Management - Bonds2.7%-1.3pp$15M
Insurance - Diversified2.5%-0.8pp$14M
Banks - Diversified2.1%-0.2pp$12M
Regulated Electric2.0%-0.1pp$11M
Asset Management - Income1.8%+0.7pp$10M
Country
US98.3%-0.1pp
IE1.0%+0.2pp
CA0.3%-0.1pp
CH0.2%-0.0pp
Unknown0.2%+0.1pp
FR0.1%-0.0pp
NL0.0%-0.0pp
Top 5: 34.8% · Top 10: 48.4% · Top 25: 67.4%
Top buys this quarter · 15
| LNC Lincoln National Corporation | +$1M |
| WAT Waters Corporationnew | +$0M |
| ZBH Zimmer Biomet Holdings, Inc. | +$0M |
| SF Stifel Financial Corp. | +$1M |
| PAYX Paychex, Inc. | +$0M |
| FTNT Fortinet, Inc. | +$0M |
| ADBE Adobe Inc. | +$1M |
| ORCL Oracle Corporation | +$1M |
| CLX The Clorox Company | +$0M |
| BAH Booz Allen Hamilton Holding Co | +$0M |
Top sells this quarter · 15
| CHRW C.H. Robinson Worldwide, Inc. | −$1M |
| CAT Caterpillar Inc. | −$6M |
| HII Huntington Ingalls Industries, | −$0M |
| JNJ Johnson & Johnson | −$6M |
| RTX RTX Corporation | −$6M |
| GOOG Alphabet Inc. | −$0M |
| AAPL Apple Inc. | −$0M |
| CTVA Corteva, Inc. | −$2M |
| XOM Exxon Mobil Corporation | −$1M |
| HON Honeywell International Inc. | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $557M | 187 | +18.50% | +17.59% | +0.91% | +0.00B |
| 2025-12-31 | $547M | 179 | +15.47% | +17.72% | -2.25% | +0.00B |
| 2025-09-30 | $530M | 173 | +9.38% | +17.52% | -8.13% | -0.01B |
| 2025-06-30 | $498M | 173 | +9.67% | +14.94% | -5.27% | -0.01B |
| 2025-03-31 | $484M | 315 | +3.96% | +8.30% | -4.34% | +0.02B |
| 2024-12-31 | $470M | 325 | +12.79% | +24.89% | -12.10% | +0.01B |
| 2024-09-30 | $476M | 289 | +27.60% | +36.04% | -8.43% | -0.00B |
| 2024-06-30 | $439M | 300 | +10.39% | +24.49% | -14.10% | +0.02B |
| 2024-03-31 | $421M | 266 | +16.37% | +29.62% | -13.25% | +0.00B |
| 2023-12-31 | $392M | 243 | +9.66% | +26.18% | -16.52% | -0.00B |
| 2023-09-30 | $358M | 232 | +12.87% | +21.57% | -8.69% | +0.02B |
| 2023-06-30 | $357M | 221 | +15.04% | +19.42% | -4.39% | +0.01B |
| 2023-03-31 | $331M | 225 | -1.82% | -7.82% | +6.00% | +0.02B |
| 2022-12-31 | $308M | 201 | +13.27% | +7.56% | +5.71% | -0.01B |
| 2022-09-30 | $278M | 168 | -4.20% | -4.93% | +0.72% | +0.00B |
| 2022-06-30 | $288M | 187 | -10.49% | -16.11% | +5.62% | +0.02B |