Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.05%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.87%
steady accumulation
Rally response
+4.68%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FELCFidelity Enhanced Large | $70M | 18.9% | — | 1.0 yr |
| QQQMInvesco NASDAQ 100 ETF | $36M | 9.8% | — | 2.5 yr |
| JIREJPMorgan International R | $27M | 7.4% | — | 1.0 yr |
| UCONFirst Trust Smith Uncons | $20M | 5.3% | — | 3.5 yr |
| FBNDFidelity Total Bond ETF | $16M | 4.4% | — | 1.0 yr |
| FTLSFirst Trust Long/Short E | $14M | 3.8% | — | 1.8 yr |
| VTVVanguard Value ETF | $14M | 3.7% | — | 2.5 yr |
| SYZLazard US Systematic Sma | $14M | 3.7% | — | 0.5 yr |
| ACIOAptus Collared Income Op | $10M | 2.6% | — | 1.8 yr |
| IVViShares Core S&P 500 ETF | $10M | 2.6% | — | 2.0 yr |
| AAPLApple Inc. | $7M | 2.0% | +14.7% | 3.8 yr |
| VOOVanguard S&P 500 ETF | $7M | 2.0% | — | 2.5 yr |
| LMBSFirst Trust Low Duration | $7M | 1.9% | — | 3.5 yr |
| DRSKAptus Defined Risk ETF | $7M | 1.9% | — | 1.8 yr |
| QQQInvesco QQQ Trust, Serie | $7M | 1.9% | — | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management62.3%+10.9pp$230M
Asset Management - Bonds9.8%-2.3pp$36M
Investment - Banking & Investment Services3.7%$14M
Semiconductors3.2%-0.4pp$12M
Asset Management - Income3.0%-3.5pp$11M
Asset Management - Leveraged2.5%-4.6pp$9M
Consumer Electronics2.0%-2.1pp$7M
Internet Content & Information1.7%-0.6pp$6M
Software - Infrastructure1.5%+0.1pp$6M
Aerospace & Defense1.5%+0.8pp$5M
Country
US99.5%+0.5pp
CA0.3%-0.1pp
BM0.1%-0.2pp
IE0.1%-0.1pp
GB0.1%-0.1pp
Top 5: 45.8% · Top 10: 62.3% · Top 25: 83.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $4M | +0.00B | 60.9% |
| AAPL | $6M | +0.00B | 14.7% |
| AVGO | $1M | +0.00B | 86.0% |
| SPY | $2M | +0.00B | 17.6% |
| AMZN | $2M | +0.00B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| META | $2M | -0.00B | -0.4% |
Top buys this quarter · 15
| AMZN Amazon.com, Inc. | +$1M |
| SPY State Street SPDR S&P 500 ETF | +$0M |
| WMT Walmart Inc. | +$0M |
| RRC Range Resources Corporationnew | +$0M |
| DOW Dow Inc.new | +$0M |
| LMT Lockheed Martin Corporation | +$0M |
| AAPL Apple Inc. | +$7M |
| FDX FedEx Corporation | +$0M |
| NVDA NVIDIA Corporation | +$7M |
| UNP Union Pacific Corporation | +$0M |
Top sells this quarter · 15
| VRT Vertiv Holdings Co | −$1M |
| FOUR Shift4 Payments, Inc.exit | −$1M |
| GTLS Chart Industries, Inc.exit | −$0M |
| PLTR Palantir Technologies Inc. | −$0M |
| CCJ Cameco Corporation | −$0M |
| TSM Taiwan Semiconductor Manufactuexit | −$0M |
| CRM Salesforce, Inc.exit | −$0M |
| APP AppLovin Corporationexit | −$0M |
| AXP American Express Companyexit | −$0M |
| J Jacobs Solutions Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $370M | 126 | +35.95% | +17.59% | +18.36% | +0.00B |
| 2025-12-31 | $376M | 129 | +23.96% | +17.72% | +6.24% | -0.01B |
| 2025-09-30 | $359M | 121 | +27.61% | +17.52% | +10.10% | +0.02B |
| 2025-06-30 | $316M | 109 | +31.48% | +14.94% | +16.54% | +0.15B |
| 2025-03-31 | $140M | 68 | +17.79% | +8.30% | +9.48% | +0.01B |
| 2024-12-31 | $153M | 67 | +39.89% | +24.89% | +15.01% | -0.01B |
| 2024-09-30 | $142M | 67 | +39.83% | +36.04% | +3.79% | -0.00B |
| 2024-06-30 | $129M | 287 | +23.24% | +24.49% | -1.26% | -0.01B |
| 2024-03-31 | $126M | 55 | +25.45% | +29.62% | -4.17% | -0.02B |
| 2023-12-31 | $137M | 328 | +33.96% | +26.18% | +7.78% | -0.05B |
| 2023-09-30 | $164M | 60 | +24.43% | +21.57% | +2.87% | -0.04B |
| 2023-06-30 | $206M | 63 | +20.01% | +19.42% | +0.59% | -0.01B |
| 2023-03-31 | $195M | 65 | +12.29% | +7.46% | +4.83% | -0.01B |
| 2022-12-31 | $179M | 60 | +3.16% | +7.56% | -4.40% | -0.00B |
| 2022-09-30 | $176M | 377 | -5.04% | -4.93% | -0.12% | +0.04B |
| 2022-06-30 | $146M | 52 | — | — | — | — |