Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.03%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.31%
baseline attrition
Rally response
-2.62%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BNDVanguard Total Bond Mark | $68M | 19.7% | — | 3.8 yr |
| RSPInvesco S&P 500 Equal We | $42M | 12.3% | — | 3.5 yr |
| IEFiShares 7-10 Year Treasu | $31M | 9.1% | — | 4.0 yr |
| LQDiShares iBoxx $ Investme | $29M | 8.5% | — | 4.0 yr |
| SCHDSchwab U.S. Dividend Equ | $25M | 7.2% | — | 4.0 yr |
| SCHASchwab U.S. Small-Cap ET | $23M | 6.7% | — | 4.0 yr |
| VEAVanguard FTSE Developed | $9M | 2.5% | — | 4.0 yr |
| VWOVanguard FTSE Emerging M | $8M | 2.3% | — | 4.0 yr |
| TLTiShares 20+ Year Treasur | $6M | 1.8% | — | 4.0 yr |
| SCHESchwab Emerging Markets | $5M | 1.5% | — | 4.0 yr |
| VGTVanguard Information Tec | $5M | 1.4% | — | 4.0 yr |
| SCHBSchwab U.S. Broad Market | $4M | 1.3% | — | 4.0 yr |
| VFHVanguard Financials ETF | $4M | 1.1% | — | 4.0 yr |
| PAYSPaySign, Inc. | $4M | 1.1% | +178.3% | 1.8 yr |
| VDCVanguard Consumer Staple | $4M | 1.0% | — | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management46.3%-1.7pp$159M
Asset Management - Bonds39.8%+2.6pp$137M
Internet Content & Information1.7%+0.7pp$6M
Software - Infrastructure1.3%+0.7pp$4M
Communication Equipment1.1%+0.3pp$4M
Drug Manufacturers - General0.8%+0.2pp$3M
Consumer Electronics0.6%+0.1pp$2M
Industrial - Machinery0.6%+0.0pp$2M
Oil & Gas Integrated0.6%-0.4pp$2M
Electrical Equipment & Parts0.5%+0.3pp$2M
Country
US98.5%-0.5pp
CN0.8%+0.4pp
CA0.3%-0.0pp
IE0.3%+0.2pp
CH0.1%-0.0pp
Top 5: 56.8% · Top 10: 71.6% · Top 25: 84.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| BE | $1M | +0.00B | 589.2% |
| CIEN | $1M | +0.00B | 542.4% |
| PAYS | $1M | +0.00B | 178.3% |
| TSLA | $2M | +0.00B | 43.4% |
| CSCO | $1M | +0.00B | 28.1% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| BIDU Baidu, Inc. | +$1M |
| PFE Pfizer Inc. | +$1M |
| AAPL Apple Inc. | +$1M |
| SNA Snap-on Incorporated | +$0M |
| CSCO Cisco Systems, Inc. | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$0M |
| MDLZ Mondelez International, Inc. | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| PEP PepsiCo, Inc. | +$0M |
Top sells this quarter · 15
| CIEN Ciena Corporation | −$2M |
| LYFT Lyft, Inc.exit | −$1M |
| BE Bloom Energy Corporation | −$2M |
| AMZN Amazon.com, Inc. | −$1M |
| IBM International Business Machine | −$1M |
| SOFI SoFi Technologies, Inc.exit | −$0M |
| BKR Baker Hughes Company | −$0M |
| V Visa Inc.exit | −$0M |
| DUK Duke Energy Corporation | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $343M | 114 | +41.27% | +17.59% | +23.68% | -0.00B |
| 2025-12-31 | $334M | 109 | +31.37% | +17.72% | +13.65% | -0.00B |
| 2025-09-30 | $334M | 114 | +37.47% | +17.52% | +19.96% | -0.02B |
| 2025-06-30 | $308M | 107 | +28.57% | +14.94% | +13.62% | -0.03B |
| 2025-03-31 | $285M | 102 | +7.58% | +8.30% | -0.73% | +0.01B |
| 2024-12-31 | $283M | 107 | +21.31% | +24.89% | -3.58% | -0.01B |
| 2024-09-30 | $275M | 106 | +26.82% | +36.04% | -9.22% | +0.01B |
| 2024-06-30 | $246M | 102 | +15.42% | +24.49% | -9.07% | +0.01B |
| 2024-03-31 | $243M | 106 | +19.01% | +29.62% | -10.61% | +0.01B |
| 2023-12-31 | $215M | 101 | +15.32% | +26.18% | -10.86% | -0.00B |
| 2023-09-30 | $196M | 98 | +0.92% | +21.57% | -20.65% | +0.01B |
| 2023-06-30 | $194M | 98 | +6.28% | +19.42% | -13.15% | +0.00B |
| 2023-03-31 | $186M | 101 | +5.73% | +7.46% | -1.72% | +0.03B |
| 2022-12-31 | $151M | 99 | -3.84% | +7.56% | -11.40% | +0.02B |
| 2022-09-30 | $133M | 89 | +2.80% | -4.93% | +7.73% | +0.00B |
| 2022-06-30 | $128M | 77 | — | — | — | — |