Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.75%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.09%
baseline attrition
Rally response
-2.49%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BNDVanguard Total Bond Mark | $58M | 8.5% | — | 4.5 yr |
| GOOGLAlphabet Inc. | $36M | 5.4% | — | 4.5 yr |
| AVGOBroadcom Inc. | $34M | 5.0% | +86.0% | 4.5 yr |
| TSMTaiwan Semiconductor Man | $21M | 3.0% | +105.6% | 4.5 yr |
| METAMeta Platforms, Inc. | $20M | 2.9% | -0.4% | 4.5 yr |
| AAPLApple Inc. | $19M | 2.9% | +14.7% | 4.5 yr |
| KLACKLA Corporation | $19M | 2.9% | +118.2% | 4.3 yr |
| JPMJPMorgan Chase & Co. | $19M | 2.8% | +21.8% | 4.5 yr |
| MSFTMicrosoft Corporation | $19M | 2.8% | -0.6% | 4.5 yr |
| CBChubb Limited | $18M | 2.6% | +9.3% | 4.5 yr |
| MUMicron Technology, Inc. | $14M | 2.1% | +289.6% | 4.5 yr |
| AXPAmerican Express Company | $13M | 2.0% | +13.3% | 4.5 yr |
| AZOAutoZone, Inc. | $13M | 1.9% | -11.4% | 4.5 yr |
| VVisa Inc. | $13M | 1.9% | -13.1% | 3.3 yr |
| BILState Street SPDR Bloomb | $12M | 1.8% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.2%+5.8pp$103M
Asset Management - Bonds10.5%-1.9pp$71M
Internet Content & Information8.8%+1.6pp$60M
Asset Management7.3%+0.5pp$49M
Insurance - Property & Casualty4.5%-0.0pp$30M
Financial - Credit Services4.4%-0.8pp$30M
Banks - Diversified3.7%+0.2pp$25M
Drug Manufacturers - General3.6%-0.1pp$25M
Medical - Diagnostics & Research3.4%+2.7pp$23M
Software - Infrastructure3.4%-0.4pp$23M
Country
US92.3%-1.0pp
TW3.0%+1.5pp
CH2.6%-0.4pp
IE1.0%+0.7pp
GB0.3%+0.0pp
NL0.2%+0.1pp
SG0.2%+0.1pp
BE0.1%+0.0pp
Top 5: 24.8% · Top 10: 38.7% · Top 25: 63.2%
Top buys this quarter · 15
| AMZN Amazon.com, Inc. | +$6M |
| PANW Palo Alto Networks, Inc. | +$2M |
| LTH Life Time Group Holdings, Inc. | +$1M |
| SF Stifel Financial Corp.new | +$1M |
| TSM Taiwan Semiconductor Manufactu | +$1M |
| GEHC GE HealthCare Technologies Inc | +$1M |
| META Meta Platforms, Inc. | +$20M |
| ETN Eaton Corporation plc | +$1M |
| CLX The Clorox Company | +$1M |
| TMO Thermo Fisher Scientific Inc. | +$12M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $676M | 157 | +22.18% | +17.59% | +4.59% | +0.00B |
| 2025-12-31 | $697M | 161 | +23.55% | +17.72% | +5.83% | +0.01B |
| 2025-09-30 | $658M | 165 | +20.38% | +17.52% | +2.86% | -0.02B |
| 2025-06-30 | $620M | 157 | +16.90% | +14.94% | +1.96% | -0.01B |
| 2025-03-31 | $571M | 159 | +6.65% | +8.30% | -1.65% | +0.01B |
| 2024-12-31 | $577M | 150 | +22.82% | +24.89% | -2.06% | -0.01B |
| 2024-09-30 | $572M | 154 | +34.08% | +36.04% | -1.96% | +0.01B |
| 2024-06-30 | $529M | 141 | +23.84% | +24.49% | -0.65% | +0.01B |
| 2024-03-31 | $515M | 142 | +30.71% | +29.62% | +1.09% | -0.01B |
| 2023-12-31 | $466M | 130 | +21.37% | +26.18% | -4.80% | -0.00B |
| 2023-09-30 | $423M | 127 | +21.17% | +21.57% | -0.40% | -0.01B |
| 2023-06-30 | $445M | 127 | +14.88% | +19.42% | -4.55% | -0.00B |
| 2023-03-31 | $419M | 124 | -6.56% | -7.82% | +1.26% | -0.02B |
| 2022-12-31 | $417M | 134 | -14.82% | -18.17% | +3.36% | +0.01B |
| 2022-09-30 | $367M | 121 | -7.46% | -4.93% | -2.53% | +0.01B |
| 2022-06-30 | $390M | 121 | -13.16% | -16.11% | +2.95% | -0.00B |