Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.03%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.26%
steady accumulation
Rally response
+1.22%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ATOAtmos Energy Corporation | $91M | 7.1% | +22.2% | 2.3 yr |
| AAPLApple Inc. | $58M | 4.6% | +14.7% | 3.3 yr |
| NVDANVIDIA Corporation | $39M | 3.0% | +60.9% | 3.3 yr |
| AVGOBroadcom Inc. | $28M | 2.2% | +86.0% | 3.3 yr |
| AMZNAmazon.com, Inc. | $27M | 2.1% | +9.5% | 3.3 yr |
| LRCXLam Research Corporation | $26M | 2.0% | +196.1% | 1.5 yr |
| FTXLFirst Trust Nasdaq Semic | $23M | 1.8% | — | 3.3 yr |
| SPYState Street SPDR S&P 50 | $21M | 1.7% | +17.6% | 3.3 yr |
| FXNFirst Trust Energy Alpha | $20M | 1.6% | — | 0.3 yr |
| FBTFirst Trust NYSE Arca Bi | $19M | 1.5% | — | 1.5 yr |
| FTXRFirst Trust Nasdaq Trans | $19M | 1.5% | — | 0.3 yr |
| MSFTMicrosoft Corporation | $18M | 1.4% | -0.6% | 3.3 yr |
| MISLFirst Trust Indxx Aerosp | $17M | 1.4% | — | 0.5 yr |
| COSTCostco Wholesale Corpora | $16M | 1.3% | +5.9% | 3.3 yr |
| KRThe Kroger Co. | $16M | 1.3% | +9.1% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management27.4%+0.0pp$350M
Semiconductors11.8%+4.7pp$150M
Regulated Gas7.2%-1.9pp$92M
Consumer Electronics4.6%-0.7pp$58M
Specialty Retail2.7%-0.4pp$35M
Asset Management - Bonds2.7%+0.3pp$35M
Internet Content & Information2.6%+1.2pp$33M
Software - Infrastructure2.4%+0.0pp$31M
Drug Manufacturers - General1.8%-0.7pp$24M
Discount Stores1.8%-0.1pp$23M
Country
US96.1%+0.2pp
CA0.7%+0.6pp
TW0.7%+0.4pp
IE0.6%-0.0pp
NL0.4%+0.3pp
GB0.4%-0.0pp
CH0.3%-0.3pp
DK0.2%-0.3pp
Top 5: 19.1% · Top 10: 27.7% · Top 25: 44.4%
Top buys this quarter · 15
| MU Micron Technology, Inc. | +$5M |
| CIEN Ciena Corporationnew | +$3M |
| MPC Marathon Petroleum Corporation | +$3M |
| VLO Valero Energy Corporation | +$3M |
| COHR Coherent, Inc.new | +$2M |
| EAT Brinker International, Inc. | +$2M |
| EHAB Enhabit, Inc.new | +$2M |
| NVDA NVIDIA Corporation | +$2M |
| ATI ATI Inc. | +$2M |
| COST Costco Wholesale Corporation | +$2M |
Top sells this quarter · 15
| AN AutoNation, Inc.exit | −$5M |
| LYV Live Nation Entertainment, Incexit | −$4M |
| BDC Belden Inc.exit | −$3M |
| BSX Boston Scientific Corporationexit | −$3M |
| SPY State Street SPDR S&P 500 ETF | −$2M |
| AVGO Broadcom Inc. | −$26M |
| ATO Atmos Energy Corporation | −$84M |
| ACM Aecomexit | −$2M |
| GNRC Generac Holdings Inc.exit | −$2M |
| DVA DaVita Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.28B | 413 | +22.42% | +17.59% | +4.83% | +0.12B |
| 2025-12-31 | $1.15B | 400 | +18.49% | +17.72% | +0.77% | +0.02B |
| 2025-09-30 | $1.11B | 399 | +18.73% | +17.52% | +1.21% | +0.03B |
| 2025-06-30 | $989M | 379 | +16.70% | +14.94% | +1.76% | -0.01B |
| 2025-03-31 | $912M | 359 | +6.49% | +8.30% | -1.82% | +0.01B |
| 2024-12-31 | $930M | 362 | +20.04% | +24.89% | -4.84% | +0.14B |
| 2024-09-30 | $768M | 341 | +31.24% | +36.04% | -4.79% | -0.02B |
| 2024-06-30 | $739M | 319 | +18.61% | +24.49% | -5.88% | +0.01B |
| 2024-03-31 | $727M | 328 | +27.97% | +29.62% | -1.66% | +0.02B |
| 2023-12-31 | $644M | 317 | +11.76% | +11.64% | +0.12% | -0.09B |
| 2023-09-30 | $655M | 346 | -3.26% | -3.22% | -0.04% | -0.00B |
| 2023-06-30 | $678M | 344 | +7.85% | +8.68% | -0.83% | -0.01B |
| 2023-03-31 | $636M | 334 | — | — | — | — |