Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.95%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.34%
steady accumulation
Rally response
-0.02%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $122M | 30.1% | — | 3.5 yr |
| IEFAiShares Core MSCI EAFE E | $44M | 10.8% | — | 3.5 yr |
| BNDVanguard Total Bond Mark | $32M | 7.9% | — | 3.5 yr |
| QQQMInvesco NASDAQ 100 ETF | $27M | 6.6% | — | 2.8 yr |
| DYNFiShares U.S. Equity Fact | $21M | 5.1% | — | 0.3 yr |
| VIGVanguard Dividend Apprec | $21M | 5.1% | — | 3.5 yr |
| BINCiShares Flexible Income | $13M | 3.2% | — | 2.3 yr |
| MUBiShares National Muni Bo | $12M | 3.0% | — | 3.5 yr |
| IAUiShares Gold Trust | $11M | 2.6% | — | 3.5 yr |
| SCHASchwab U.S. Small-Cap ET | $8M | 2.0% | — | 3.5 yr |
| FSECFidelity Investment Grad | $8M | 2.0% | — | 0.3 yr |
| VWOVanguard FTSE Emerging M | $6M | 1.4% | — | 3.5 yr |
| VPLVanguard FTSE Pacific ET | $6M | 1.4% | — | 0.5 yr |
| MCIBarings Corporate Invest | $5M | 1.2% | -20.5% | 1.3 yr |
| SOXXiShares Semiconductor ET | $4M | 1.1% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management84.4%+1.4pp$344M
Asset Management - Bonds8.5%-1.9pp$35M
Asset Management - Cryptocurrency0.8%+0.1pp$3M
Consumer Electronics0.7%-0.1pp$3M
Chemicals - Specialty0.6%-0.2pp$3M
Semiconductors0.5%+0.2pp$2M
Software - Infrastructure0.4%-0.1pp$2M
Drug Manufacturers - General0.3%+0.1pp$1M
Internet Content & Information0.3%+0.0pp$1M
Asset Management - Income0.3%+0.1pp$1M
Country
US99.7%-0.1pp
Unknown0.1%+0.1pp
IE0.1%-0.0pp
CA0.0%+0.0pp
CN0.0%-0.0pp
GB0.0%-0.0pp
BR0.0%+0.0pp
CH0.0%+0.0pp
Top 5: 60.4% · Top 10: 76.3% · Top 25: 90.1%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$1M |
| MCI Barings Corporate Investors | +$1M |
| QCOM QUALCOMM Incorporated | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| IBRX ImmunityBio, Inc.new | +$0M |
| TMO Thermo Fisher Scientific Inc. | +$0M |
| MSFT Microsoft Corporation | +$1M |
| BLK BlackRock, Inc. | +$0M |
| YUM Yum! Brands, Inc. | +$0M |
| KO The Coca-Cola Company | +$0M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$0M |
| GOOG Alphabet Inc. | −$0M |
| IDCC InterDigital, Inc.exit | −$0M |
| AMD Advanced Micro Devices, Inc. | −$0M |
| AFRM Affirm Holdings, Inc.exit | −$0M |
| NFLX Netflix, Inc. | −$0M |
| TPL Texas Pacific Land Corporationexit | −$0M |
| FTNT Fortinet, Inc. | −$0M |
| TWLO Twilio Inc.exit | −$0M |
| META Meta Platforms, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $407M | 535 | +7.82% | +17.59% | -9.77% | +0.02B |
| 2025-12-31 | $401M | 542 | +7.80% | +17.72% | -9.92% | +0.01B |
| 2025-09-30 | $389M | 485 | +10.02% | +17.52% | -7.50% | +0.02B |
| 2025-06-30 | $349M | 376 | +14.32% | +14.94% | -0.62% | -0.00B |
| 2025-03-31 | $330M | 471 | +10.61% | +8.30% | +2.30% | +0.02B |
| 2024-12-31 | $320M | 400 | +21.41% | +24.89% | -3.48% | +0.01B |
| 2024-09-30 | $304M | 368 | +34.45% | +36.04% | -1.58% | -0.00B |
| 2024-06-30 | $279M | 341 | +15.56% | +24.49% | -8.93% | +0.01B |
| 2024-03-31 | $266M | 353 | +24.75% | +29.62% | -4.87% | +0.01B |
| 2023-12-31 | $240M | 327 | +30.20% | +26.18% | +4.02% | -0.00B |
| 2023-09-30 | $214M | 339 | -5.28% | -3.22% | -2.06% | +0.01B |
| 2023-06-30 | $213M | 315 | +10.81% | +8.68% | +2.13% | -0.00B |
| 2023-03-31 | $194M | 341 | +10.42% | +7.46% | +2.97% | +0.00B |
| 2022-12-31 | $172M | 339 | — | — | — | — |