Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.24%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.89%
steady accumulation
Rally response
+4.17%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MGKVanguard Mega Cap Growth | $210M | 11.4% | — | 4.3 yr |
| VTVanguard Total World Sto | $204M | 11.1% | — | 4.3 yr |
| VXUSVanguard Total Internati | $127M | 6.9% | — | 4.3 yr |
| SPYVState Street SPDR Portfo | $124M | 6.8% | — | 4.3 yr |
| VOOVanguard S&P 500 ETF | $98M | 5.3% | — | 4.3 yr |
| MUBiShares National Muni Bo | $81M | 4.4% | — | 1.8 yr |
| SCHGSchwab U.S. Large-Cap Gr | $69M | 3.7% | — | 2.3 yr |
| VGKVanguard FTSE Europe ETF | $64M | 3.5% | — | 4.3 yr |
| VTVVanguard Value ETF | $49M | 2.7% | — | 4.0 yr |
| AAPLApple Inc. | $46M | 2.5% | +14.7% | 4.3 yr |
| SPYState Street SPDR S&P 50 | $36M | 2.0% | +17.6% | 4.3 yr |
| MSFTMicrosoft Corporation | $36M | 2.0% | -0.6% | 4.3 yr |
| NVDANVIDIA Corporation | $30M | 1.6% | +60.9% | 4.3 yr |
| EWJiShares MSCI Japan ETF | $29M | 1.6% | — | 2.3 yr |
| SJNKState Street SPDR Bloomb | $27M | 1.5% | — | 4.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management70.3%-3.5pp$1.29B
Semiconductors3.4%+1.8pp$63M
Consumer Electronics2.5%+0.1pp$47M
Software - Infrastructure2.4%-0.4pp$45M
Internet Content & Information2.3%+0.9pp$43M
Asset Management - Bonds2.1%-0.3pp$38M
Specialty Retail1.5%+0.1pp$28M
Drug Manufacturers - General1.4%+0.2pp$26M
Banks - Diversified1.1%+0.3pp$20M
Insurance - Diversified0.8%-0.1pp$16M
Country
US98.3%-0.4pp
TW0.3%+0.2pp
IE0.3%+0.1pp
CN0.2%-0.2pp
GB0.2%+0.1pp
CA0.1%+0.1pp
Unknown0.1%+0.0pp
CH0.1%+0.0pp
Top 5: 41.5% · Top 10: 58.3% · Top 25: 75.7%
Top buys this quarter · 15
| PAA Plains All American Pipeline, new | +$4M |
| AMZN Amazon.com, Inc. | +$4M |
| AAPL Apple Inc. | +$4M |
| NVDA NVIDIA Corporation | +$4M |
| TSLA Tesla, Inc. | +$2M |
| AVPT AvePoint, Inc.new | +$2M |
| WHR Whirlpool Corporation | +$1M |
| LBRT Liberty Energy Inc.new | +$1M |
| GOOG Alphabet Inc. | +$15M |
| AVGO Broadcom Inc. | +$13M |
Top sells this quarter · 15
| CRI Carter's, Inc. | −$1M |
| INTU Intuit Inc. | −$1M |
| CI Cigna Corporation | −$1M |
| UBER Uber Technologies, Inc. | −$1M |
| UBS UBS Group AG | −$0M |
| MAR Marriott International, Inc. | −$0M |
| MSFT Microsoft Corporation | −$0M |
| AVAV AeroVironment, Inc.exit | −$0M |
| STX Seagate Technology Holdings pl | −$1M |
| VEEV Veeva Systems Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.84B | 524 | +14.82% | +17.59% | -2.77% | +0.12B |
| 2025-12-31 | $1.81B | 465 | +14.53% | +17.72% | -3.19% | +0.16B |
| 2025-09-30 | $1.63B | 406 | +15.93% | +17.52% | -1.58% | +0.07B |
| 2025-06-30 | $1.46B | 427 | +14.95% | +14.94% | +0.01% | +0.11B |
| 2025-03-31 | $1.20B | 367 | +7.13% | +8.30% | -1.17% | +0.06B |
| 2024-12-31 | $1.21B | 369 | +23.84% | +24.89% | -1.05% | +0.02B |
| 2024-09-30 | $1.16B | 328 | +36.79% | +36.04% | +0.75% | +0.03B |
| 2024-06-30 | $1.07B | 304 | +25.56% | +24.49% | +1.07% | +0.02B |
| 2024-03-31 | $1000M | 295 | +33.07% | +29.62% | +3.45% | +0.10B |
| 2023-12-31 | $821M | 258 | +34.14% | +26.18% | +7.96% | +0.02B |
| 2023-09-30 | $708M | 223 | +24.95% | +21.57% | +3.38% | -0.01B |
| 2023-06-30 | $734M | 216 | +24.34% | +19.42% | +4.92% | -0.01B |
| 2023-03-31 | $672M | 205 | -5.72% | -7.82% | +2.10% | +0.04B |
| 2022-12-31 | $571M | 211 | +5.70% | +7.56% | -1.87% | +0.04B |
| 2022-09-30 | $505M | 211 | -3.06% | -4.93% | +1.87% | +0.02B |
| 2022-06-30 | $500M | 196 | -16.32% | -16.11% | -0.20% | +0.06B |