Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.34%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.96%
baseline attrition
Rally response
+0.75%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AGGiShares Core U.S. Aggreg | $178M | 5.7% | — | 4.5 yr |
| AAPLApple Inc. | $136M | 4.4% | +14.7% | 1.8 yr |
| JPSTJPMorgan Ultra-Short Inc | $117M | 3.8% | — | 4.5 yr |
| SPDWState Street SPDR Portfo | $94M | 3.0% | — | 4.5 yr |
| NVDANVIDIA Corporation | $88M | 2.8% | +60.9% | 4.5 yr |
| MSFTMicrosoft Corporation | $86M | 2.8% | -0.6% | 4.5 yr |
| BILState Street SPDR Bloomb | $76M | 2.5% | — | 4.5 yr |
| GSYInvesco Ultra Short Dura | $72M | 2.3% | — | 4.5 yr |
| IJHiShares Core S&P Mid-Cap | $71M | 2.3% | — | 4.5 yr |
| VOOVanguard S&P 500 ETF | $70M | 2.2% | — | 4.5 yr |
| AMZNAmazon.com, Inc. | $68M | 2.2% | +9.5% | 4.5 yr |
| IAUiShares Gold Trust | $59M | 1.9% | — | 4.5 yr |
| IJRiShares Core S&P Small-C | $57M | 1.8% | — | 4.5 yr |
| AVGOBroadcom Inc. | $55M | 1.8% | +86.0% | 4.5 yr |
| GOOGLAlphabet Inc. | $55M | 1.8% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management48.0%-6.3pp$1.49B
Semiconductors6.1%+2.9pp$188M
Asset Management - Income5.3%+2.2pp$165M
Consumer Electronics4.4%+4.4pp$136M
Internet Content & Information3.6%+1.4pp$111M
Software - Infrastructure3.2%+0.5pp$100M
Asset Management - Bonds2.7%-4.7pp$85M
Drug Manufacturers - General2.2%+0.4pp$69M
Specialty Retail2.2%+0.6pp$68M
Asset Management - Global1.7%+0.5pp$54M
Country
US98.6%+0.3pp
IE0.4%+0.1pp
GB0.3%+0.0pp
TW0.2%+0.1pp
NL0.2%+0.1pp
CA0.1%-0.1pp
Unknown0.1%-0.1pp
CH0.1%-0.0pp
Top 5: 19.8% · Top 10: 31.8% · Top 25: 53.0%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$3M |
| MNST Monster Beverage Corporation | +$1M |
| CSCO Cisco Systems, Inc. | +$1M |
| KNTK Kinetik Holdings Inc.new | +$1M |
| DIS The Walt Disney Company | +$7M |
| OKE ONEOK, Inc. | +$1M |
| AMGN Amgen Inc. | +$1M |
| COST Costco Wholesale Corporation | +$1M |
| ASML ASML Holding N.V. | +$1M |
| DELL Dell Technologies Inc. | +$1M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$2.86B |
| ORCL Oracle Corporationexit | −$98M |
| NVDA NVIDIA Corporation | −$16M |
| TMO Thermo Fisher Scientific Inc.exit | −$13M |
| MS Morgan Stanleyexit | −$13M |
| CHCO City Holding Companyexit | −$13M |
| BAC Bank of America Corporationexit | −$11M |
| AMAT Applied Materials, Inc.exit | −$10M |
| MRK Merck & Co., Inc.exit | −$8M |
| ACGL Arch Capital Group Ltd.exit | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.10B | 369 | +20.00% | +17.59% | +2.41% | -5.18B |
| 2025-12-31 | $8.77B | 1029 | +20.93% | +17.72% | +3.22% | +3.97B |
| 2025-09-30 | $4.71B | 919 | +22.42% | +17.52% | +4.90% | +0.12B |
| 2025-06-30 | $4.15B | 876 | +17.57% | +14.94% | +2.63% | +0.04B |
| 2025-03-31 | $3.64B | 840 | +5.37% | +8.30% | -2.93% | -0.20B |
| 2024-12-31 | $4.04B | 845 | +19.07% | +24.89% | -5.82% | -0.04B |
| 2024-09-30 | $3.96B | 881 | +26.65% | +36.04% | -9.39% | +0.06B |
| 2024-06-30 | $3.67B | 838 | +18.06% | +24.49% | -6.43% | +0.10B |
| 2024-03-31 | $3.52B | 860 | +26.92% | +29.62% | -2.70% | -0.08B |
| 2023-12-31 | $3.35B | 828 | +26.45% | +26.18% | +0.27% | +0.14B |
| 2023-09-30 | $2.93B | 794 | +15.26% | +21.57% | -6.31% | +1.57B |
| 2023-06-30 | $1.38B | 582 | +9.20% | +19.42% | -10.22% | -0.00B |
| 2023-03-31 | $1.27B | 628 | -14.34% | -7.82% | -6.53% | -0.03B |
| 2022-12-31 | $1.21B | 605 | -23.73% | -18.17% | -5.56% | +0.22B |
| 2022-09-30 | $992M | 537 | -6.23% | -4.93% | -1.30% | +0.04B |
| 2022-06-30 | $1.01B | 529 | -14.62% | -16.11% | +1.49% | -0.06B |