Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.85%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.13%
baseline attrition
Rally response
+0.83%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AGGiShares Core U.S. Aggreg | $46M | 28.4% | — | 2.5 yr |
| BNDVanguard Total Bond Mark | $43M | 26.6% | — | 2.3 yr |
| SPYState Street SPDR S&P 50 | $16M | 9.8% | +17.6% | 2.3 yr |
| VTIVanguard Total Stock Mar | $9M | 5.4% | — | 2.3 yr |
| PMLPIMCO Municipal Income F | $5M | 3.0% | — | 2.3 yr |
| EMBiShares J.P. Morgan USD | $4M | 2.4% | — | 2.5 yr |
| NMZNuveen Municipal High In | $3M | 2.0% | — | 2.3 yr |
| IWMiShares Russell 2000 ETF | $2M | 1.4% | — | 2.3 yr |
| DBLDoubleLine Opportunistic | $2M | 1.4% | — | 2.3 yr |
| LEOBNY Mellon Strategic Mun | $2M | 1.3% | +7.4% | 2.3 yr |
| FFCFlaherty & Crumrine Pref | $2M | 1.3% | — | 2.3 yr |
| NVGNuveen AMT-Free Municipa | $2M | 1.3% | — | 2.3 yr |
| NZFNuveen Municipal Credit | $2M | 1.2% | — | 2.3 yr |
| MDYState Street SPDR S&P MI | $2M | 1.2% | — | 2.3 yr |
| VEAVanguard FTSE Developed | $2M | 1.1% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management58.8%+4.6pp$96M
Asset Management - Bonds27.4%+2.2pp$45M
Asset Management - Income12.4%-5.6pp$20M
Software - Infrastructure1.0%-0.1pp$2M
Unknown0.2%-1.1pp$0M
Chemicals - Specialty0.2%-0.0pp$0M
Country
US98.8%+1.2pp
GB0.9%-0.1pp
Unknown0.2%-1.1pp
AU0.0%-0.0pp
Top 5: 73.1% · Top 10: 81.7% · Top 25: 95.4%
Top buys this quarter · 6
| DBL DoubleLine Opportunistic Credi | +$0M |
| EFR Eaton Vance Senior Floating-Ranew | +$0M |
| VVR Invesco Senior Income Trust | +$0M |
| EMB iShares J.P. Morgan USD Emergi | +$0M |
| BRW Saba Capital Income & Opportun | +$0M |
| VCSH Vanguard Short-Term Corporate | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$1M |
| LEO BNY Mellon Strategic Municipal | −$0M |
| — | −$0M |
| BBN BlackRock Taxable Municipal Bo | −$0M |
| BTT Blackrock Municipal 2030 Targe | −$0M |
| RA Brookfield Real Assets Income | −$0M |
| PSF Cohen & Steers Select Preferre | −$0M |
| DSL DoubleLine Income Solutions Fu | −$0M |
| DLY DoubleLine Yield Opportunities | −$0M |
| EVN Eaton Vance Municipal Income T | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $163M | 46 | +15.96% | +17.59% | -1.63% | +0.00B |
| 2025-12-31 | $175M | 58 | +17.42% | +17.72% | -0.30% | -0.78B |
| 2025-09-30 | $881M | 16 | +10.53% | +17.52% | -6.99% | +0.71B |
| 2025-06-30 | $160M | 61 | +13.44% | +14.94% | -1.50% | -0.01B |
| 2025-03-31 | $155M | 62 | +5.84% | +8.30% | -2.46% | +0.01B |
| 2024-12-31 | $157M | 62 | +23.20% | +24.89% | -1.68% | -0.01B |
| 2024-09-30 | $164M | 63 | +6.41% | +5.75% | +0.66% | -0.00B |
| 2024-06-30 | $156M | 62 | +3.59% | +4.38% | -0.79% | -0.01B |
| 2024-03-31 | $156M | 62 | +9.74% | +10.39% | -0.65% | +0.00B |
| 2023-12-31 | $141M | 62 | — | — | — | — |