Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.10%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.85%
steady accumulation
Rally response
-4.72%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $168M | 41.3% | — | 4.5 yr |
| IEFAiShares Core MSCI EAFE E | $56M | 13.6% | — | 4.3 yr |
| IJHiShares Core S&P Mid-Cap | $34M | 8.2% | — | 4.5 yr |
| IEMGiShares Core MSCI Emergi | $31M | 7.5% | — | 1.0 yr |
| JPSTJPMorgan Ultra-Short Inc | $26M | 6.4% | — | 0.3 yr |
| JPEFJPMorgan Equity Focus ET | $24M | 6.0% | — | 1.0 yr |
| SCHXSchwab U.S. Large-Cap ET | $14M | 3.5% | — | 3.5 yr |
| JMUBJPMorgan Municipal ETF | $12M | 3.0% | — | 1.3 yr |
| SCHFSchwab International Equ | $7M | 1.8% | — | 4.5 yr |
| SPYState Street SPDR S&P 50 | $6M | 1.4% | +17.6% | 4.5 yr |
| EFAiShares MSCI EAFE ETF | $5M | 1.1% | — | 4.5 yr |
| CGMUCapital Group Municipal | $4M | 1.0% | — | 1.3 yr |
| JMSTJPMorgan Ultra-Short Mun | $4M | 0.9% | — | 1.3 yr |
| MMM3M Company | $3M | 0.7% | +0.7% | 4.5 yr |
| ECLEcolab Inc. | $2M | 0.5% | +6.0% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management89.5%-3.9pp$365M
Asset Management - Income8.4%+5.8pp$34M
Conglomerates0.7%-0.7pp$3M
Chemicals - Specialty0.6%-0.5pp$3M
Auto - Manufacturers0.1%$1M
Consumer Electronics0.1%-0.1pp$0M
Agricultural - Machinery0.1%$0M
Medical - Care Facilities0.1%$0M
Regulated Electric0.1%-0.0pp$0M
Software - Infrastructure0.1%-0.2pp$0M
Country
US99.9%-0.0pp
CA0.1%
MX0.0%+0.0pp
Top 5: 77.0% · Top 10: 92.7% · Top 25: 98.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SPY | $6M | +0.00B | 17.6% |
| ECL | $2M | +0.00B | 6.0% |
| AAPL | $0M | +0.00B | 14.7% |
| MMM | $3M | +0.00B | 0.7% |
| SHW | $0M | -0.00B | -7.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SHW | $0M | -0.00B | -7.4% |
Top buys this quarter · 15
| WPM Wheaton Precious Metals Corp.new | +$0M |
| AAPL Apple Inc. | +$0M |
| SOLV Solventum Corporation | +$0M |
| MMM 3M Company | +$3M |
| TSLA Tesla, Inc. | +$1M |
| CGMU Capital Group Municipal Income | +$0M |
| BTC Grayscale Bitcoin Mini Trust Enew | +$0M |
| QQQ Invesco QQQ Trust, Series 1 | +$0M |
| IVV iShares Core S&P 500 ETF | +$168M |
| IJH iShares Core S&P Mid-Cap ETF | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$0M |
| AMZN Amazon.com, Inc.exit | −$0M |
| HD The Home Depot, Inc.exit | −$0M |
| BSX Boston Scientific Corporationexit | −$0M |
| HWKN Hawkins, Inc. | −$0M |
| SHW The Sherwin-Williams Company | −$0M |
| ECL Ecolab Inc. | −$2M |
| TAFM Alliance Bernstein - AB Tax-Aw | −$0M |
| EFA iShares MSCI EAFE ETF | −$5M |
| IJR iShares Core S&P Small-Cap ETF | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $408M | 43 | +10.63% | +17.59% | -6.96% | +0.05B |
| 2025-12-31 | $376M | 47 | +15.23% | +17.72% | -2.49% | +0.03B |
| 2025-09-30 | $344M | 43 | +11.89% | +17.52% | -5.63% | +0.03B |
| 2025-06-30 | $297M | 43 | +17.30% | +14.94% | +2.36% | +0.08B |
| 2025-03-31 | $209M | 42 | +15.19% | +8.30% | +6.89% | +0.01B |
| 2024-12-31 | $197M | 38 | +22.88% | +24.89% | -2.01% | +0.02B |
| 2024-09-30 | $183M | 36 | +40.19% | +36.04% | +4.16% | -0.01B |
| 2024-06-30 | $169M | 33 | +18.70% | +24.49% | -5.79% | -0.01B |
| 2024-03-31 | $168M | 33 | +23.11% | +29.62% | -6.51% | -0.00B |
| 2023-12-31 | $158M | 34 | +22.05% | +26.18% | -4.13% | +0.00B |
| 2023-09-30 | $138M | 30 | +15.39% | +21.57% | -6.18% | +0.01B |
| 2023-06-30 | $137M | 28 | +13.87% | +19.42% | -5.55% | -0.00B |
| 2023-03-31 | $127M | 28 | -8.89% | -7.82% | -1.08% | +0.00B |
| 2022-12-31 | $117M | 29 | -17.85% | -18.17% | +0.32% | +0.01B |
| 2022-09-30 | $103M | 24 | -6.80% | -4.93% | -1.88% | +0.00B |
| 2022-06-30 | $107M | 23 | -13.42% | -16.11% | +2.69% | -0.00B |