Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.31%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.71%
baseline attrition
Rally response
-2.29%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PULSPGIM Ultra Short Bond ET | $13M | 10.3% | — | 1.5 yr |
| MINTPIMCO Enhanced Short Mat | $10M | 7.9% | — | 3.8 yr |
| TLTiShares 20+ Year Treasur | $8M | 6.1% | — | 3.8 yr |
| IJHiShares Core S&P Mid-Cap | $7M | 5.8% | — | 4.3 yr |
| IJRiShares Core S&P Small-C | $6M | 5.1% | — | 4.5 yr |
| QQQInvesco QQQ Trust, Serie | $6M | 4.7% | — | 4.5 yr |
| GLDSPDR Gold Shares | $6M | 4.6% | — | 2.5 yr |
| XLKState Street Technology | $4M | 3.3% | — | 4.5 yr |
| BINCiShares Flexible Income | $4M | 3.2% | — | 2.3 yr |
| AMDAdvanced Micro Devices, | $4M | 2.9% | +98.0% | 4.5 yr |
| XLPState Street Consumer St | $3M | 2.8% | — | 4.5 yr |
| IVEiShares S&P 500 Value ET | $3M | 2.1% | — | 4.0 yr |
| VOVanguard Mid-Cap ETF | $2M | 1.7% | — | 4.3 yr |
| VEAVanguard FTSE Developed | $2M | 1.7% | — | 4.5 yr |
| PSQProShares - Short QQQ | $2M | 1.7% | — | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management67.2%+3.3pp$83M
Asset Management - Leveraged11.5%+3.2pp$14M
Asset Management - Bonds6.8%-1.6pp$8M
Semiconductors3.0%-1.4pp$4M
Software - Infrastructure1.6%-0.0pp$2M
Oil & Gas Integrated1.5%+0.6pp$2M
Restaurants1.2%-0.6pp$1M
Electrical Equipment & Parts0.9%+0.8pp$1M
Unknown0.8%$1M
Insurance - Property & Casualty0.6%+0.1pp$1M
Country
US99.0%-0.9pp
Unknown0.8%
CA0.2%+0.1pp
CN0.0%
Top 5: 35.2% · Top 10: 53.8% · Top 25: 76.6%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CAVA | $2M | -0.00B | -6.4% |
Top buys this quarter · 15
| POWL Powell Industries, Inc. | +$1M |
| ADP Automatic Data Processing, Incnew | +$0M |
| TPL Texas Pacific Land Corporation | +$0M |
| JNJ Johnson & Johnsonnew | +$0M |
| TER Teradyne, Inc.new | +$0M |
| ALL The Allstate Corporation | +$0M |
| FSM Fortuna Mining Corp.new | +$0M |
| NET Cloudflare, Inc. | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| TSLA Tesla, Inc. | +$0M |
Top sells this quarter · 15
| AGX Argan, Inc. | −$1M |
| PLTR Palantir Technologies Inc.exit | −$0M |
| META Meta Platforms, Inc.exit | −$0M |
| IREN IREN Limitedexit | −$0M |
| TIGR UP Fintech Holding Ltd. Sponsoexit | −$0M |
| CVX Chevron Corporation | −$0M |
| VZ Verizon Communications Inc. | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
| TDOC Teladoc Health, Inc. | −$0M |
| BRK-B Berkshire Hathaway Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $123M | 83 | +48.02% | +17.59% | +30.43% | -0.00B |
| 2025-12-31 | $119M | 79 | +23.44% | +17.72% | +5.72% | -0.03B |
| 2025-09-30 | $140M | 89 | +23.08% | +17.52% | +5.56% | +0.00B |
| 2025-06-30 | $125M | 83 | +3.02% | +14.94% | -11.93% | -0.01B |
| 2025-03-31 | $109M | 69 | -14.32% | +8.30% | -22.62% | +0.01B |
| 2024-12-31 | $111M | 69 | +4.52% | +24.89% | -20.37% | -0.01B |
| 2024-09-30 | $118M | 72 | +13.53% | +36.04% | -22.50% | +0.01B |
| 2024-06-30 | $113M | 73 | +17.71% | +24.49% | -6.78% | +0.01B |
| 2024-03-31 | $106M | 79 | +24.17% | +29.62% | -5.46% | -0.03B |
| 2023-12-31 | $123M | 78 | +24.56% | +26.18% | -1.61% | -0.01B |
| 2023-09-30 | $112M | 70 | +3.92% | +21.57% | -17.65% | -0.01B |
| 2023-06-30 | $132M | 80 | +12.45% | +19.42% | -6.98% | +0.02B |
| 2023-03-31 | $108M | 72 | -15.45% | -7.82% | -7.63% | -0.01B |
| 2022-12-31 | $106M | 74 | -25.71% | -18.17% | -7.54% | +0.01B |
| 2022-09-30 | $106M | 82 | +2.33% | -4.93% | +7.26% | -0.01B |
| 2022-06-30 | $115M | 80 | -19.61% | -16.11% | -3.50% | +0.00B |