Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.83%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.48%
steady accumulation
Rally response
-3.37%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DFAUDimensional - US Core Eq | $104M | 22.3% | — | 4.5 yr |
| SCHDSchwab U.S. Dividend Equ | $53M | 11.3% | — | 4.5 yr |
| DGRWWisdomTree U.S. Quality | $50M | 10.7% | — | 4.5 yr |
| DFAIDimensional - Internatio | $42M | 9.1% | — | 4.5 yr |
| STOTState Street DoubleLine | $26M | 5.5% | — | 4.5 yr |
| BRK-ABerkshire Hathaway Inc. | $17M | 3.5% | — | 1.3 yr |
| MSFTMicrosoft Corporation | $15M | 3.1% | -0.6% | 4.5 yr |
| SCHMSchwab U.S. Mid-Cap ETF | $13M | 2.8% | — | 4.5 yr |
| SCHBSchwab U.S. Broad Market | $12M | 2.6% | — | 4.5 yr |
| DFASDimensional - US Small C | $12M | 2.6% | — | 4.5 yr |
| AAPLApple Inc. | $11M | 2.3% | +14.7% | 4.5 yr |
| BRK-BBerkshire Hathaway Inc. | $5M | 1.1% | — | 4.5 yr |
| AVGOBroadcom Inc. | $5M | 1.1% | +86.0% | 4.5 yr |
| TBILUS Treasury 3 Month Bill | $5M | 1.0% | — | 2.8 yr |
| NVDANVIDIA Corporation | $4M | 0.9% | +60.9% | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management73.4%+4.9pp$342M
Asset Management - Leveraged5.8%-0.6pp$27M
Insurance - Diversified4.7%-2.7pp$22M
Software - Infrastructure3.1%-3.2pp$15M
Consumer Electronics2.3%-0.1pp$11M
Semiconductors2.2%+0.7pp$10M
Asset Management - Income1.1%-0.8pp$5M
Drug Manufacturers - General0.9%+0.2pp$4M
Asset Management - Bonds0.5%+0.2pp$2M
Asset Management - Global0.5%$2M
Country
US99.2%-0.5pp
Unknown0.4%+0.3pp
GB0.1%
IE0.1%-0.1pp
IL0.1%
TW0.1%
CA0.0%
Top 5: 58.9% · Top 10: 73.6% · Top 25: 85.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AVGO | $3M | +0.00B | 86.0% |
| NVDA | $3M | +0.00B | 60.9% |
| AAPL | $10M | +0.00B | 14.7% |
| SRE | $1M | +0.00B | 40.3% |
| SPY | $2M | +0.00B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $27M | -0.00B | -0.6% |
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$1M |
| OPTT Ocean Power Technologies, Inc.new | +$0M |
| FANG Diamondback Energy, Inc.new | +$0M |
| COP ConocoPhillipsnew | +$0M |
| BX Blackstone Inc. | +$0M |
| CVX Chevron Corporation | +$0M |
| LMT Lockheed Martin Corporation | +$0M |
| MRK Merck & Co., Inc. | +$0M |
| PEP PepsiCo, Inc. | +$0M |
| BRK-B Berkshire Hathaway Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $466M | 146 | +19.19% | +17.59% | +1.60% | -0.01B |
| 2025-12-31 | $525M | 169 | +18.80% | +17.72% | +1.08% | +0.02B |
| 2025-09-30 | $507M | 156 | +21.73% | +17.52% | +4.21% | +0.06B |
| 2025-06-30 | $405M | 99 | +18.07% | +14.94% | +3.13% | -0.10B |
| 2025-03-31 | $424M | 103 | +5.34% | +8.30% | -2.96% | +0.05B |
| 2024-12-31 | $412M | 92 | +19.66% | +24.89% | -5.23% | -0.01B |
| 2024-09-30 | $409M | 92 | +29.99% | +36.04% | -6.05% | +0.02B |
| 2024-06-30 | $363M | 82 | +15.35% | +24.49% | -9.14% | -0.01B |
| 2024-03-31 | $356M | 87 | +19.55% | +29.62% | -10.07% | +0.02B |
| 2023-12-31 | $329M | 84 | +28.06% | +26.18% | +1.88% | -0.00B |
| 2023-09-30 | $297M | 82 | +18.77% | +21.57% | -2.79% | +0.01B |
| 2023-06-30 | $303M | 82 | +20.79% | +19.42% | +1.36% | -0.01B |
| 2023-03-31 | $284M | 81 | -6.76% | -7.82% | +1.06% | -0.02B |
| 2022-12-31 | $281M | 84 | -19.24% | -18.17% | -1.06% | +0.02B |
| 2022-09-30 | $255M | 79 | -3.74% | -4.93% | +1.19% | +0.02B |
| 2022-06-30 | $245M | 73 | -15.12% | -16.11% | +0.99% | -0.01B |