Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.16%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.35%
steady accumulation
Rally response
+3.93%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPLGSPDR Portfolio S&P 500 E | $34M | 13.9% | — | 4.5 yr |
| SPYState Street SPDR S&P 50 | $32M | 12.8% | +17.6% | 4.5 yr |
| PRFInvesco RAFI US 1000 ETF | $16M | 6.4% | — | 4.5 yr |
| SPMDState Street SPDR Portfo | $14M | 5.7% | — | 4.5 yr |
| SPSMState Street SPDR Portfo | $12M | 5.0% | — | 4.5 yr |
| IEFAiShares Core MSCI EAFE E | $12M | 4.9% | — | 4.5 yr |
| SPDWState Street SPDR Portfo | $12M | 4.7% | — | 4.5 yr |
| VYMVanguard High Dividend Y | $10M | 4.0% | — | 4.5 yr |
| MDYState Street SPDR S&P MI | $10M | 4.0% | — | 4.5 yr |
| AAPLApple Inc. | $9M | 3.5% | +14.7% | 4.5 yr |
| AKREAkre Focus ETF | $8M | 3.2% | — | 0.5 yr |
| HBCPHome Bancorp, Inc. | $6M | 2.4% | +38.2% | 1.8 yr |
| MSFTMicrosoft Corporation | $5M | 2.1% | -0.6% | 4.5 yr |
| JPMJPMorgan Chase & Co. | $5M | 2.0% | +21.8% | 4.5 yr |
| AMZNAmazon.com, Inc. | $5M | 2.0% | +9.5% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management74.9%+1.8pp$185M
Consumer Electronics3.5%-0.8pp$9M
Banks - Regional3.1%-0.4pp$8M
Banks - Diversified2.4%+0.8pp$6M
Software - Infrastructure2.3%-0.7pp$6M
Internet Content & Information2.2%-0.1pp$5M
Specialty Retail2.0%-0.5pp$5M
Semiconductors1.9%+0.4pp$5M
Oil & Gas Integrated1.2%-0.0pp$3M
Aerospace & Defense0.7%+0.0pp$2M
Country
US99.8%-0.2pp
GB0.1%
CH0.1%
Unknown0.0%
Top 5: 43.8% · Top 10: 64.9% · Top 25: 87.0%
Top buys this quarter · 15
| JPM JPMorgan Chase & Co. | +$1M |
| AMAT Applied Materials, Inc.new | +$0M |
| RIO Rio Tinto Groupnew | +$0M |
| UNP Union Pacific Corporationnew | +$0M |
| LRCX Lam Research Corporationnew | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$32M |
| CVX Chevron Corporation | +$0M |
| MRK Merck & Co., Inc. | +$0M |
| JNJ Johnson & Johnson | +$0M |
| PANW Palo Alto Networks, Inc. | +$0M |
Top sells this quarter · 15
| LLY Eli Lilly and Companyexit | −$0M |
| ORCL Oracle Corporationexit | −$0M |
| ISRG Intuitive Surgical, Inc.exit | −$0M |
| HBCP Home Bancorp, Inc. | −$6M |
| NVDA NVIDIA Corporation | −$0M |
| TSLA Tesla, Inc. | −$0M |
| AAPL Apple Inc. | −$0M |
| NFLX Netflix, Inc. | −$0M |
| IBM International Business Machine | −$0M |
| WFC Wells Fargo & Company | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $247M | 92 | +20.48% | +17.59% | +2.88% | +0.01B |
| 2025-12-31 | $246M | 88 | +18.64% | +17.72% | +0.93% | +0.01B |
| 2025-09-30 | $229M | 85 | +20.13% | +17.52% | +2.62% | +0.00B |
| 2025-06-30 | $207M | 83 | +16.32% | +14.94% | +1.37% | +0.00B |
| 2025-03-31 | $183M | 78 | +9.26% | +8.30% | +0.95% | +0.01B |
| 2024-12-31 | $179M | 74 | +25.55% | +24.89% | +0.66% | +0.00B |
| 2024-09-30 | $171M | 76 | +35.36% | +36.04% | -0.68% | +0.01B |
| 2024-06-30 | $154M | 69 | +23.83% | +24.49% | -0.66% | -0.00B |
| 2024-03-31 | $148M | 71 | +30.15% | +29.62% | +0.53% | +0.01B |
| 2023-12-31 | $131M | 56 | +33.25% | +26.18% | +7.07% | -0.00B |
| 2023-09-30 | $117M | 53 | +23.33% | +21.57% | +1.76% | +0.00B |
| 2023-06-30 | $121M | 58 | +22.62% | +19.42% | +3.19% | +0.00B |
| 2023-03-31 | $108M | 52 | -6.84% | -7.82% | +0.98% | -0.00B |
| 2022-12-31 | $101M | 52 | -19.69% | -18.17% | -1.51% | +0.01B |
| 2022-09-30 | $91M | 49 | -4.16% | -4.93% | +0.77% | -0.00B |
| 2022-06-30 | $95M | 51 | -15.62% | -16.11% | +0.49% | +0.00B |