Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.02%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.17%
baseline attrition
Rally response
+1.59%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BBNBlackRock Taxable Munici | $36M | 13.9% | — | 4.5 yr |
| EMXCiShares MSCI Emerging Ma | $16M | 6.3% | — | 3.5 yr |
| IDViShares International Se | $16M | 6.1% | — | 3.0 yr |
| NBBNuveen Taxable Municipal | $14M | 5.5% | — | 4.3 yr |
| VRTVertiv Holdings Co | $11M | 4.3% | +247.5% | 1.3 yr |
| NVDANVIDIA Corporation | $11M | 4.1% | +60.9% | 4.3 yr |
| NADNuveen Quality Municipal | $9M | 3.3% | — | 4.3 yr |
| NEANuveen AMT-Free Quality | $8M | 3.0% | — | 4.5 yr |
| TYGTortoise Energy Infrastr | $8M | 2.9% | +28.4% | 2.8 yr |
| KLACKLA Corporation | $7M | 2.9% | +118.2% | 4.5 yr |
| JEPQJPMorgan Nasdaq Equity P | $6M | 2.3% | — | 3.5 yr |
| GOOGLAlphabet Inc. | $6M | 2.3% | — | 4.5 yr |
| JEPIJPMorgan Equity Premium | $6M | 2.2% | — | 4.5 yr |
| WMTWalmart Inc. | $5M | 1.9% | +42.8% | 4.5 yr |
| AVGOBroadcom Inc. | $5M | 1.9% | +86.0% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management22.3%+0.9pp$57M
Asset Management - Income17.8%-2.1pp$46M
Asset Management - Bonds14.2%-2.5pp$36M
Semiconductors10.8%+2.5pp$28M
Electrical Equipment & Parts4.6%+2.2pp$12M
Internet Content & Information3.4%+0.5pp$9M
Entertainment2.3%-0.6pp$6M
Chemicals - Specialty2.0%+0.4pp$5M
Discount Stores1.9%+0.1pp$5M
Financial - Capital Markets1.7%-0.1pp$4M
Country
US99.1%-0.1pp
GB0.7%+0.1pp
CH0.2%-0.1pp
Top 5: 35.9% · Top 10: 52.2% · Top 25: 78.3%
Top buys this quarter · 15
| ENR Energizer Holdings, Inc. | +$0M |
| MRVL Marvell Technology, Inc. | +$0M |
| MSFT Microsoft Corporation | +$4M |
| UPS United Parcel Service, Inc. | +$0M |
| CVX Chevron Corporation | +$0M |
| NFLX Netflix, Inc. | +$0M |
| TYG Tortoise Energy Infrastructure | +$0M |
| DIS The Walt Disney Company | +$2M |
| SCHW The Charles Schwab Corporation | +$4M |
| TMO Thermo Fisher Scientific Inc. | +$2M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$1M |
| LLY Eli Lilly and Companyexit | −$0M |
| VRT Vertiv Holdings Co | −$7M |
| NVDA NVIDIA Corporation | −$0M |
| AVGO Broadcom Inc. | −$0M |
| WMT Walmart Inc. | −$4M |
| MPC Marathon Petroleum Corporation | −$1M |
| AAPL Apple Inc. | −$0M |
| GS The Goldman Sachs Group, Inc. | −$0M |
| SHW The Sherwin-Williams Company | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $257M | 80 | +42.24% | +17.59% | +24.64% | +0.00B |
| 2025-12-31 | $247M | 80 | +27.14% | +17.72% | +9.42% | +0.01B |
| 2025-09-30 | $232M | 77 | +26.19% | +17.52% | +8.68% | -0.00B |
| 2025-06-30 | $210M | 74 | +21.89% | +14.94% | +6.95% | -0.02B |
| 2025-03-31 | $189M | 77 | +4.63% | +8.30% | -3.67% | +0.02B |
| 2024-12-31 | $186M | 74 | +24.45% | +24.89% | -0.43% | -0.01B |
| 2024-09-30 | $186M | 73 | +34.08% | +36.04% | -1.95% | +0.00B |
| 2024-06-30 | $172M | 73 | +21.45% | +24.49% | -3.04% | +0.01B |
| 2024-03-31 | $161M | 69 | +27.71% | +29.62% | -1.92% | -0.00B |
| 2023-12-31 | $147M | 66 | +24.79% | +26.18% | -1.39% | +0.00B |
| 2023-09-30 | $130M | 65 | +20.38% | +21.57% | -1.18% | +0.00B |
| 2023-06-30 | $130M | 67 | +20.05% | +19.42% | +0.62% | -0.00B |
| 2023-03-31 | $122M | 66 | -5.53% | -7.82% | +2.29% | +0.02B |
| 2022-12-31 | $95M | 61 | -16.11% | -18.17% | +2.06% | +0.00B |
| 2022-09-30 | $87M | 58 | -3.49% | -4.93% | +1.44% | -0.00B |
| 2022-06-30 | $93M | 62 | -15.30% | -16.11% | +0.81% | +0.01B |