Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.32%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.47%
steady accumulation
Rally response
+7.22%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ITOTiShares Core S&P Total U | $132M | 24.2% | — | 4.0 yr |
| VTIVanguard Total Stock Mar | $43M | 7.9% | — | 4.3 yr |
| IVVBiShares Large Cap Deep Q | $35M | 6.4% | — | 2.5 yr |
| IVViShares Core S&P 500 ETF | $27M | 4.9% | — | 4.3 yr |
| IXUSiShares Core MSCI Total | $23M | 4.2% | — | 4.3 yr |
| IBDSiShares iBonds Dec 2027 | $22M | 4.0% | — | 3.0 yr |
| QQQMInvesco NASDAQ 100 ETF | $17M | 3.2% | — | 2.8 yr |
| IEFAiShares Core MSCI EAFE E | $17M | 3.1% | — | 4.3 yr |
| IBDRiShares iBonds Dec 2026 | $12M | 2.1% | — | 3.0 yr |
| HELOJPMorgan Hedged Equity L | $11M | 2.1% | — | 1.0 yr |
| GPIXGoldman Sachs S&P 500 Pr | $10M | 1.9% | — | 1.0 yr |
| JEPQJPMorgan Nasdaq Equity P | $7M | 1.3% | — | 3.8 yr |
| SPYState Street SPDR S&P 50 | $7M | 1.3% | +17.6% | 4.3 yr |
| VOOVanguard S&P 500 ETF | $7M | 1.2% | — | 4.3 yr |
| GPIQGoldman Sachs Nasdaq-100 | $6M | 1.2% | — | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management75.1%-4.3pp$410M
Asset Management - Bonds8.7%+1.8pp$48M
Semiconductors2.5%+2.0pp$14M
Asset Management - Income2.4%-4.6pp$13M
Software - Infrastructure1.1%+0.6pp$6M
Consumer Electronics1.0%-0.1pp$5M
Banks - Regional0.8%+0.1pp$4M
Drug Manufacturers - General0.6%+0.1pp$3M
Aerospace & Defense0.5%$3M
Specialty Retail0.5%+0.2pp$3M
Country
US99.4%+0.7pp
Unknown0.2%-1.1pp
CH0.1%
TW0.1%
GB0.1%
IE0.0%
Top 5: 47.6% · Top 10: 62.0% · Top 25: 77.7%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SPY | $6M | +0.00B | 17.6% |
| NVDA | $2M | +0.00B | 60.9% |
| MRBK | $2M | +0.00B | 36.2% |
| AAPL | $4M | +0.00B | 14.7% |
| AMZN | $1M | +0.00B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $1M | -0.00B | -0.6% |
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$2M |
| NVDA NVIDIA Corporation | +$1M |
| LMT Lockheed Martin Corporation | +$1M |
| AVGO Broadcom Inc. | +$1M |
| GS The Goldman Sachs Group, Inc.new | +$0M |
| SPGI S&P Global Inc.new | +$0M |
| OXY Occidental Petroleum Corporatinew | +$0M |
| KKR KKR & Co. Inc.new | +$0M |
| CI Cigna Corporationnew | +$0M |
| VICI VICI Properties Inc.new | +$0M |
Top sells this quarter · 15
| QRVO Qorvo, Inc. | −$1M |
| COF Capital One Financial Corporatexit | −$0M |
| ADT ADT Inc. | −$0M |
| PEP PepsiCo, Inc. | −$0M |
| ZM Zoom Communications, Inc.exit | −$0M |
| RBLX Roblox Corporationexit | −$0M |
| BAC Bank of America Corporationexit | −$0M |
| DHR Danaher Corporationexit | −$0M |
| MRK Merck & Co., Inc.exit | −$0M |
| NTNX Nutanix, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $547M | 220 | +18.38% | +17.59% | +0.79% | +0.01B |
| 2025-12-31 | $557M | 203 | +14.93% | +17.72% | -2.79% | +0.14B |
| 2025-09-30 | $419M | 114 | +19.90% | +17.52% | +2.38% | +0.23B |
| 2025-06-30 | $169M | 69 | +17.31% | +14.94% | +2.37% | -0.20B |
| 2025-03-31 | $334M | 101 | +15.62% | +8.30% | +7.31% | +0.02B |
| 2024-12-31 | $338M | 90 | +23.67% | +24.89% | -1.21% | +0.01B |
| 2024-09-30 | $309M | 80 | +36.88% | +36.04% | +0.84% | +0.00B |
| 2024-06-30 | $287M | 77 | +22.05% | +24.49% | -2.45% | +0.17B |
| 2024-03-31 | $103M | 42 | +18.94% | +29.62% | -10.68% | -0.14B |
| 2023-12-31 | $239M | 64 | +22.16% | +26.18% | -4.02% | +0.03B |
| 2023-09-30 | $179M | 65 | +5.59% | +21.57% | -15.98% | +0.02B |
| 2023-06-30 | $169M | 50 | +4.98% | +19.42% | -14.45% | -0.02B |
| 2023-03-31 | $174M | 65 | -16.72% | -7.82% | -8.90% | -0.01B |
| 2022-12-31 | $178M | 57 | -22.72% | -18.17% | -4.54% | +0.02B |
| 2022-09-30 | $155M | 50 | -4.66% | -4.93% | +0.26% | +0.02B |
| 2022-06-30 | $143M | 49 | -15.45% | -16.11% | +0.66% | +0.02B |