Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.48%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.72%
steady accumulation
Rally response
+5.89%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $2.66B | 17.3% | — | 4.5 yr |
| VIGVanguard Dividend Apprec | $1.23B | 8.0% | — | 4.5 yr |
| JCPBJPMorgan Core Plus Bond | $676M | 4.4% | — | 1.5 yr |
| AVUSAvantis U.S. Equity ETF | $639M | 4.1% | — | 4.3 yr |
| VXUSVanguard Total Internati | $618M | 4.0% | — | 4.5 yr |
| JPSTJPMorgan Ultra-Short Inc | $481M | 3.1% | — | 4.5 yr |
| AAPLApple Inc. | $403M | 2.6% | +14.7% | 4.5 yr |
| SPYState Street SPDR S&P 50 | $297M | 1.9% | +17.6% | 4.5 yr |
| IVWiShares S&P 500 Growth E | $253M | 1.6% | — | 4.5 yr |
| SPYGState Street SPDR Portfo | $251M | 1.6% | — | 4.5 yr |
| HDThe Home Depot, Inc. | $224M | 1.5% | -8.0% | 4.5 yr |
| QLTYGMO U.S. Quality ETF | $214M | 1.4% | — | 2.0 yr |
| MSFTMicrosoft Corporation | $200M | 1.3% | -0.6% | 4.5 yr |
| NVDANVIDIA Corporation | $193M | 1.3% | +60.9% | 4.5 yr |
| SCHBSchwab U.S. Broad Market | $166M | 1.1% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management60.3%+0.4pp$9.29B
Asset Management - Bonds4.6%+2.9pp$707M
Asset Management - Income4.1%+0.0pp$627M
Semiconductors2.8%+1.1pp$432M
Consumer Electronics2.6%-0.2pp$405M
Internet Content & Information2.0%+0.6pp$301M
Software - Infrastructure1.7%-0.2pp$269M
Drug Manufacturers - General1.6%+0.1pp$243M
Home Improvement1.5%-0.7pp$237M
Specialty Retail1.1%-0.1pp$165M
Country
US98.4%+0.0pp
IE0.5%-0.2pp
GB0.2%-0.0pp
CA0.2%+0.0pp
CH0.1%+0.0pp
Unknown0.1%+0.0pp
TW0.1%+0.1pp
NL0.1%+0.0pp
Top 5: 37.8% · Top 10: 48.7% · Top 25: 63.7%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$16M |
| AAPL Apple Inc. | +$403M |
| AVGO Broadcom Inc. | +$82M |
| ATLC Atlanticus Holdings Corporatio | +$6M |
| MS Morgan Stanley | +$5M |
| ALL The Allstate Corporation | +$5M |
| AMZN Amazon.com, Inc. | +$133M |
| MSFT Microsoft Corporation | +$200M |
| META Meta Platforms, Inc. | +$58M |
| LLY Eli Lilly and Company | +$58M |
Top sells this quarter · 15
| TROW T. Rowe Price Group, Inc. | −$11M |
| ACN Accenture plc | −$3M |
| SPY State Street SPDR S&P 500 ETF | −$3M |
| INTU Intuit Inc. | −$2M |
| MPWR Monolithic Power Systems, Inc. | −$2M |
| LRCX Lam Research Corporation | −$21M |
| HD The Home Depot, Inc. | −$2M |
| ASML ASML Holding N.V. | −$7M |
| SPGI S&P Global Inc. | −$1M |
| TMO Thermo Fisher Scientific Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $15.41B | 1512 | +14.26% | +17.59% | -3.33% | +0.58B |
| 2025-12-31 | $15.40B | 1366 | +12.17% | +17.72% | -5.55% | +0.41B |
| 2025-09-30 | $14.71B | 1303 | +12.93% | +17.52% | -4.59% | +1.21B |
| 2025-06-30 | $12.48B | 1125 | +13.46% | +14.94% | -1.48% | -0.32B |
| 2025-03-31 | $11.89B | 1179 | +6.54% | +8.30% | -1.77% | +2.66B |
| 2024-12-31 | $9.77B | 1040 | +20.88% | +24.89% | -4.01% | +0.21B |
| 2024-09-30 | $9.31B | 948 | +30.14% | +36.04% | -5.90% | +0.02B |
| 2024-06-30 | $8.55B | 896 | +14.24% | +24.49% | -10.26% | +0.53B |
| 2024-03-31 | $7.93B | 840 | +20.44% | +29.62% | -9.18% | +0.49B |
| 2023-12-31 | $6.94B | 784 | +17.20% | +26.18% | -8.97% | +0.11B |
| 2023-09-30 | $6.18B | 756 | +15.06% | +21.57% | -6.51% | +0.23B |
| 2023-06-30 | $6.25B | 723 | +15.38% | +19.42% | -4.05% | +0.12B |
| 2023-03-31 | $5.75B | 712 | -4.72% | -7.82% | +3.09% | +0.05B |
| 2022-12-31 | $5.47B | 681 | -12.89% | -18.17% | +5.28% | +0.38B |
| 2022-09-30 | $4.69B | 574 | -4.40% | -4.93% | +0.53% | +0.03B |
| 2022-06-30 | $4.87B | 571 | -11.96% | -16.11% | +4.16% | +0.13B |