Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.21%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.84%
steady accumulation
Rally response
+4.64%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $289M | 12.9% | — | 4.5 yr |
| EFAiShares MSCI EAFE ETF | $108M | 4.8% | — | 4.5 yr |
| JEPIJPMorgan Equity Premium | $78M | 3.5% | — | 3.8 yr |
| QQQInvesco QQQ Trust, Serie | $73M | 3.2% | — | 4.5 yr |
| IWYiShares Russell Top 200 | $73M | 3.2% | — | 1.8 yr |
| AAPLApple Inc. | $69M | 3.1% | +14.7% | 4.5 yr |
| MGVVanguard Mega Cap Value | $54M | 2.4% | — | 0.8 yr |
| QQQMInvesco NASDAQ 100 ETF | $52M | 2.3% | — | 4.3 yr |
| QUALiShares MSCI USA Quality | $51M | 2.3% | — | 1.8 yr |
| ICSHiShares Ultra Short Dura | $45M | 2.0% | — | 0.8 yr |
| EFViShares MSCI EAFE Value | $43M | 1.9% | — | 2.8 yr |
| AGGiShares Core U.S. Aggreg | $37M | 1.7% | — | 2.8 yr |
| SPYState Street SPDR S&P 50 | $36M | 1.6% | +17.6% | 4.5 yr |
| XLKState Street Technology | $35M | 1.6% | — | 2.8 yr |
| VOVanguard Mid-Cap ETF | $33M | 1.5% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management66.5%+16.4pp$1.49B
Asset Management - Income4.6%-0.8pp$103M
Consumer Electronics3.1%-1.6pp$70M
Semiconductors3.0%+0.1pp$68M
Internet Content & Information1.9%+0.2pp$43M
Drug Manufacturers - General1.4%-0.9pp$32M
Software - Infrastructure1.4%-1.0pp$31M
Asset Management - Bonds1.4%+0.1pp$31M
Banks - Diversified1.0%-0.3pp$23M
Insurance - Diversified1.0%-0.9pp$23M
Country
US98.0%+1.6pp
GB0.6%-0.9pp
TW0.3%-0.1pp
IE0.3%-0.2pp
Unknown0.2%+0.2pp
CA0.2%+0.0pp
DE0.1%-0.3pp
CH0.1%+0.1pp
Top 5: 27.7% · Top 10: 39.8% · Top 25: 57.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $14M | +0.01B | 60.9% |
| AAPL | $58M | +0.01B | 14.7% |
| AVGO | $8M | +0.01B | 86.0% |
| GOOG | $6M | +0.01B | 84.3% |
| SPY | $25M | +0.00B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $26M | -0.00B | -0.6% |
Top buys this quarter · 15
| CME CME Group Inc. | +$2M |
| COST Costco Wholesale Corporation | +$2M |
| SPY State Street SPDR S&P 500 ETF | +$36M |
| AAPL Apple Inc. | +$69M |
| ASML ASML Holding N.V. | +$1M |
| HLT Hilton Worldwide Holdings Inc.new | +$1M |
| AZN AstraZeneca PLCnew | +$1M |
| NVDA NVIDIA Corporation | +$29M |
| LLY Eli Lilly and Company | +$10M |
| PLTR Palantir Technologies Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.24B | 518 | +12.89% | +17.59% | -4.70% | +0.09B |
| 2025-12-31 | $2.22B | 502 | +14.73% | +17.72% | -2.99% | +0.15B |
| 2025-09-30 | $2.02B | 490 | +13.92% | +17.52% | -3.59% | +0.56B |
| 2025-06-30 | $1.37B | 447 | +15.47% | +14.94% | +0.53% | -0.01B |
| 2025-03-31 | $1.29B | 458 | +10.87% | +8.30% | +2.56% | -0.01B |
| 2024-12-31 | $1.32B | 462 | +21.05% | +24.89% | -3.84% | +0.03B |
| 2024-09-30 | $1.28B | 457 | +33.03% | +36.04% | -3.01% | +0.48B |
| 2024-06-30 | $733M | 302 | +17.66% | +24.49% | -6.84% | -0.08B |
| 2024-03-31 | $793M | 329 | +23.75% | +29.62% | -5.87% | +0.47B |
| 2023-12-31 | $298M | 201 | +22.36% | +26.18% | -3.82% | +0.06B |
| 2023-09-30 | $218M | 147 | +17.06% | +21.57% | -4.51% | +0.06B |
| 2023-06-30 | $163M | 105 | +14.36% | +19.42% | -5.06% | -0.01B |
| 2023-03-31 | $158M | 104 | -7.84% | -7.82% | -0.02% | -0.00B |
| 2022-12-31 | $150M | 101 | -17.25% | -18.17% | +0.93% | +0.02B |
| 2022-09-30 | $122M | 96 | -6.32% | -4.93% | -1.40% | +0.01B |
| 2022-06-30 | $115M | 88 | -13.01% | -16.11% | +3.10% | -0.00B |