Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.01%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.88%
baseline attrition
Rally response
-2.08%
trims into rallies
when a holding rises +10%+
Top positions · 18
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHWThe Charles Schwab Corpo | $43M | 17.4% | +21.5% | 4.5 yr |
| WFCWells Fargo & Company | $34M | 13.8% | +13.3% | 4.5 yr |
| CCKCrown Holdings, Inc. | $29M | 11.5% | +13.6% | 2.8 yr |
| CHTRCharter Communications, | $21M | 8.6% | -41.4% | 4.5 yr |
| MRNAModerna, Inc. | $20M | 8.1% | +79.2% | 0.3 yr |
| LBRDKLiberty Broadband Corpor | $18M | 7.3% | — | 4.5 yr |
| NOMDNomad Foods Limited | $17M | 6.9% | -48.7% | 4.5 yr |
| KMXCarMax, Inc. | $17M | 6.9% | -46.6% | 2.0 yr |
| SPYState Street SPDR S&P 50 | $11M | 4.2% | +17.6% | 4.5 yr |
| AXLAmerican Axle & Manufact | $9M | 3.8% | — | 0.3 yr |
| IWMiShares Russell 2000 ETF | $6M | 2.3% | — | 4.0 yr |
| ATUSAltice USA, Inc. | $5M | 2.0% | — | 4.5 yr |
| SPGIS&P Global Inc. | $5M | 1.9% | -15.6% | 4.5 yr |
| URTHiShares MSCI World ETF | $4M | 1.7% | — | 4.5 yr |
| PMPhilip Morris Internatio | $4M | 1.5% | +7.9% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Telecommunications Services17.9%-0.1pp$44M
Financial - Capital Markets17.4%+3.4pp$43M
Banks - Diversified13.8%-0.8pp$34M
Packaging & Containers11.5%+3.5pp$29M
Asset Management8.7%+1.1pp$22M
Biotechnology8.1%$20M
Packaged Foods7.9%-7.5pp$19M
Auto - Dealerships6.9%-6.7pp$17M
Auto - Parts3.8%-1.3pp$9M
Financial - Data & Stock Exchanges1.9%+0.0pp$5M
Country
US93.1%+9.4pp
GB6.9%-4.4pp
Top 5: 59.4% · Top 10: 88.5% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $248M | 18 | -5.53% | +17.59% | -23.13% | +0.01B |
| 2025-12-31 | $248M | 16 | +2.68% | +17.72% | -15.04% | -0.03B |
| 2025-09-30 | $279M | 16 | +8.62% | +17.52% | -8.90% | -0.01B |
| 2025-06-30 | $310M | 18 | +22.02% | +14.94% | +7.07% | -0.02B |
| 2025-03-31 | $310M | 18 | +11.16% | +8.30% | +2.86% | +0.02B |
| 2024-12-31 | $282M | 17 | +14.46% | +24.89% | -10.42% | -0.02B |
| 2024-09-30 | $286M | 18 | +28.52% | +36.04% | -7.51% | +0.02B |
| 2024-06-30 | $250M | 18 | +15.93% | +24.49% | -8.56% | +0.02B |
| 2024-03-31 | $237M | 17 | +25.34% | +29.62% | -4.29% | -0.01B |
| 2023-12-31 | $231M | 17 | +12.94% | +26.18% | -13.24% | -0.04B |
| 2023-09-30 | $234M | 19 | +6.17% | +21.57% | -15.40% | -0.01B |
| 2023-06-30 | $258M | 25 | +7.49% | +19.42% | -11.94% | -0.01B |
| 2023-03-31 | $253M | 44 | -15.24% | -7.82% | -7.43% | +0.00B |
| 2022-12-31 | $259M | 42 | -15.99% | -18.17% | +2.18% | -0.00B |
| 2022-09-30 | $235M | 38 | -4.08% | -4.93% | +0.85% | -0.04B |
| 2022-06-30 | $284M | 38 | -16.84% | -16.11% | -0.73% | -0.00B |