Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.77%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.43%
baseline attrition
Rally response
-3.46%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $18M | 13.7% | — | 3.5 yr |
| IAUiShares Gold Trust | $7M | 5.5% | — | 3.5 yr |
| VXUSVanguard Total Internati | $5M | 3.7% | — | 3.5 yr |
| VVisa Inc. | $5M | 3.7% | +9.9% | 3.5 yr |
| CVXChevron Corporation | $5M | 3.6% | +43.0% | 3.5 yr |
| BNDVanguard Total Bond Mark | $4M | 3.1% | — | 1.0 yr |
| LQDiShares iBoxx $ Investme | $4M | 3.0% | — | 1.3 yr |
| GLDSPDR Gold Shares | $4M | 3.0% | — | 3.5 yr |
| IVEiShares S&P 500 Value ET | $4M | 2.8% | — | 3.5 yr |
| JPMJPMorgan Chase & Co. | $4M | 2.7% | +52.5% | 3.5 yr |
| QQQInvesco QQQ Trust, Serie | $3M | 2.5% | — | 2.5 yr |
| IBMInternational Business M | $3M | 2.5% | +34.5% | 3.5 yr |
| SCHDSchwab U.S. Dividend Equ | $3M | 2.5% | — | 2.0 yr |
| IVWiShares S&P 500 Growth E | $3M | 2.4% | — | 3.5 yr |
| GOOGAlphabet Inc. | $3M | 2.0% | +89.9% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management49.6%+8.7pp$65M
Asset Management - Bonds7.5%+6.5pp$10M
Oil & Gas Integrated3.9%-0.6pp$5M
Financial - Credit Services3.7%-3.6pp$5M
Aerospace & Defense3.5%-0.9pp$5M
Banks - Diversified3.3%-0.8pp$4M
Internet Content & Information3.2%+0.5pp$4M
Information Technology Services2.5%-0.1pp$3M
Railroads2.0%-0.3pp$3M
Construction Materials1.9%-1.2pp$2M
Country
US98.7%+0.9pp
CA1.0%-0.7pp
Unknown0.3%-0.2pp
Top 5: 30.2% · Top 10: 44.9% · Top 25: 71.6%
Top buys this quarter · 15
| PH Parker-Hannifin Corporationnew | +$1M |
| GOOG Alphabet Inc. | +$3M |
| TROX Tronox Holdings plcnew | +$0M |
| MSFT Microsoft Corporation | +$1M |
| BA The Boeing Company | +$2M |
| AMZN Amazon.com, Inc. | +$0M |
| CVX Chevron Corporation | +$0M |
| SII Sprott Inc. | +$0M |
| O Realty Income Corporation | +$0M |
| PG The Procter & Gamble Company | +$0M |
Top sells this quarter · 15
| KTOS Kratos Defense & Security Solu | −$0M |
| META Meta Platforms, Inc.exit | −$0M |
| PANW Palo Alto Networks, Inc.exit | −$0M |
| AMD Advanced Micro Devices, Inc. | −$0M |
| PLTR Palantir Technologies Inc. | −$0M |
| FDX FedEx Corporation | −$1M |
| UNH UnitedHealth Group Incorporate | −$0M |
| C Citigroup Inc. | −$0M |
| DE Deere & Company | −$1M |
| IBM International Business Machine | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $131M | 88 | +32.97% | +8.37% | +24.60% | +0.00B |
| 2025-12-31 | $130M | 85 | +42.04% | +25.10% | +16.94% | +0.01B |
| 2024-09-30 | $92M | 73 | +27.59% | +36.04% | -8.44% | +0.00B |
| 2024-06-30 | $85M | 67 | +14.38% | +24.49% | -10.11% | +0.00B |
| 2024-03-31 | $85M | 66 | +18.79% | +29.62% | -10.83% | -0.00B |
| 2023-12-31 | $80M | 66 | +18.55% | +26.18% | -7.63% | +0.00B |
| 2023-09-30 | $70M | 60 | +18.32% | +21.57% | -3.25% | +0.00B |
| 2023-06-30 | $73M | 59 | +20.61% | +19.42% | +1.18% | -0.00B |
| 2023-03-31 | $72M | 61 | -1.09% | -7.82% | +6.73% | +0.00B |
| 2022-12-31 | $67M | 63 | -11.00% | -18.17% | +7.18% | -0.00B |
| 2022-09-30 | $63M | 58 | -3.41% | -4.93% | +1.52% | +0.00B |
| 2022-06-30 | $63M | 59 | -14.50% | -16.11% | +1.61% | +0.00B |
| 2022-03-31 | $72M | 67 | -4.62% | -4.62% | +0.00% | +0.00B |
| 2021-12-31 | $75M | 71 | — | — | — | — |