Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.23%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.88%
steady accumulation
Rally response
+2.62%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPLGSPDR Portfolio S&P 500 E | $124M | 4.3% | — | 4.5 yr |
| IVEiShares S&P 500 Value ET | $84M | 2.9% | — | 2.5 yr |
| IVWiShares S&P 500 Growth E | $83M | 2.9% | — | 3.3 yr |
| AAPLApple Inc. | $72M | 2.5% | +14.7% | 4.5 yr |
| NVDANVIDIA Corporation | $67M | 2.3% | +60.9% | 4.5 yr |
| DYNFiShares U.S. Equity Fact | $62M | 2.2% | — | 2.5 yr |
| MSFTMicrosoft Corporation | $53M | 1.8% | -0.6% | 4.5 yr |
| GOOGLAlphabet Inc. | $45M | 1.6% | — | 4.3 yr |
| MUBiShares National Muni Bo | $44M | 1.5% | — | 4.5 yr |
| AGGiShares Core U.S. Aggreg | $43M | 1.5% | — | 4.5 yr |
| EMGFiShares Emerging Markets | $43M | 1.5% | — | 3.8 yr |
| — | $42M | 1.5% | — | 0.3 yr |
| AMZNAmazon.com, Inc. | $36M | 1.2% | +9.5% | 4.5 yr |
| GLDSPDR Gold Shares | $34M | 1.2% | — | 4.0 yr |
| EFViShares MSCI EAFE Value | $33M | 1.2% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management45.4%+1.7pp$1.31B
Asset Management - Bonds4.9%-2.2pp$141M
Semiconductors4.8%+1.6pp$138M
Internet Content & Information3.6%+0.7pp$104M
Consumer Electronics2.5%+0.5pp$72M
Software - Infrastructure2.5%+0.0pp$71M
Drug Manufacturers - General2.4%-0.0pp$70M
Banks - Diversified1.8%+0.2pp$52M
Unknown1.7%+1.4pp$50M
Financial - Credit Services1.6%-0.4pp$47M
Country
US95.5%-1.4pp
Unknown1.7%+1.4pp
IE0.6%-0.1pp
GB0.6%-0.1pp
CA0.4%+0.2pp
TW0.3%+0.1pp
CH0.2%+0.0pp
NL0.1%-0.1pp
Top 5: 15.0% · Top 10: 23.6% · Top 25: 39.9%
Top buys this quarter · 15
| AXP American Express Company | +$4M |
| AZN AstraZeneca PLCnew | +$2M |
| TWFG TWFG, Inc. Common Stock | +$1M |
| NOW ServiceNow, Inc. | +$1M |
| NVDA NVIDIA Corporation | +$67M |
| BMY Bristol-Myers Squibb Company | +$1M |
| VZ Verizon Communications Inc. | +$1M |
| META Meta Platforms, Inc. | +$33M |
| COST Costco Wholesale Corporation | +$1M |
| SUNB Sunbelt Rentals Holdings Incnew | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.88B | 748 | +14.70% | +17.59% | -2.89% | +0.04B |
| 2025-12-31 | $2.92B | 745 | +16.25% | +17.72% | -1.47% | +0.05B |
| 2025-09-30 | $2.82B | 733 | +15.45% | +17.52% | -2.07% | +0.10B |
| 2025-06-30 | $2.55B | 712 | +15.94% | +14.94% | +1.00% | +0.03B |
| 2025-03-31 | $2.32B | 685 | +8.14% | +8.30% | -0.17% | +1.01B |
| 2024-12-31 | $1.32B | 517 | +19.25% | +24.89% | -5.64% | -0.00B |
| 2024-09-30 | $1.31B | 521 | +31.51% | +36.04% | -4.53% | +0.01B |
| 2024-06-30 | $1.22B | 499 | +18.74% | +24.49% | -5.75% | +0.08B |
| 2024-03-31 | $1.13B | 491 | +22.77% | +29.62% | -6.85% | -0.01B |
| 2023-12-31 | $1.05B | 485 | +16.25% | +26.18% | -9.92% | +0.05B |
| 2023-09-30 | $897M | 448 | +15.09% | +21.57% | -6.48% | +0.03B |
| 2023-06-30 | $899M | 446 | +12.88% | +19.42% | -6.55% | -0.03B |
| 2023-03-31 | $888M | 464 | -5.75% | -7.82% | +2.07% | +0.06B |
| 2022-12-31 | $803M | 455 | -12.74% | -18.17% | +5.44% | -0.05B |
| 2022-09-30 | $770M | 451 | -5.29% | -4.93% | -0.36% | +0.03B |
| 2022-06-30 | $777M | 459 | -12.36% | -16.11% | +3.75% | +0.04B |