Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.37%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.39%
baseline attrition
Rally response
-6.26%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $107M | 6.1% | +14.7% | 4.0 yr |
| IVViShares Core S&P 500 ETF | $82M | 4.6% | — | 4.0 yr |
| — | $52M | 2.9% | — | 0.5 yr |
| VTIVanguard Total Stock Mar | $50M | 2.8% | — | 4.0 yr |
| NVDANVIDIA Corporation | $48M | 2.7% | +60.9% | 4.0 yr |
| IEMGiShares Core MSCI Emergi | $37M | 2.1% | — | 2.8 yr |
| EPSWisdomTree U.S. LargeCap | $31M | 1.8% | — | 1.0 yr |
| MSFTMicrosoft Corporation | $30M | 1.7% | -0.6% | 4.0 yr |
| JIREJPMorgan International R | $28M | 1.6% | — | 1.0 yr |
| GOOGLAlphabet Inc. | $27M | 1.5% | — | 4.0 yr |
| GOOGAlphabet Inc. | $26M | 1.5% | +84.3% | 4.0 yr |
| SCHFSchwab International Equ | $25M | 1.4% | — | 2.8 yr |
| BRK-BBerkshire Hathaway Inc. | $25M | 1.4% | — | 4.0 yr |
| SPABState Street SPDR Portfo | $24M | 1.4% | — | 2.8 yr |
| METAMeta Platforms, Inc. | $24M | 1.4% | -0.4% | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management46.2%+10.2pp$818M
Consumer Electronics6.1%-1.8pp$107M
Semiconductors4.9%+2.1pp$86M
Asset Management - Bonds4.4%+1.6pp$77M
Internet Content & Information4.3%+1.1pp$77M
Drug Manufacturers - General3.5%-0.5pp$61M
Unknown3.3%+2.6pp$58M
Software - Infrastructure2.7%+1.0pp$47M
Specialty Retail2.0%-1.7pp$35M
Insurance - Diversified1.9%-1.9pp$34M
Country
US95.8%-2.8pp
Unknown3.3%+2.6pp
GB0.5%+0.5pp
CH0.1%-0.0pp
TW0.1%+0.0pp
CA0.1%-0.2pp
IE0.1%+0.0pp
CN0.0%-0.1pp
Top 5: 19.2% · Top 10: 27.8% · Top 25: 46.5%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$12M |
| AAPL Apple Inc. | +$10M |
| AZN AstraZeneca PLCnew | +$8M |
| MSFT Microsoft Corporation | +$30M |
| META Meta Platforms, Inc. | +$6M |
| AMAT Applied Materials, Inc. | +$5M |
| LLY Eli Lilly and Company | +$4M |
| AVGO Broadcom Inc. | +$3M |
| V Visa Inc. | +$3M |
| CAT Caterpillar Inc. | +$3M |
Top sells this quarter · 15
| CASY Casey's General Stores, Inc. | −$15M |
| JPM JPMorgan Chase & Co. | −$2M |
| AMGN Amgen Inc. | −$2M |
| MSM MSC Industrial Direct Co., Inc | −$2M |
| EMR Emerson Electric Co. | −$2M |
| LECO Lincoln Electric Holdings, Inc | −$2M |
| ALB Albemarle Corporation | −$2M |
| TSN Tyson Foods, Inc. | −$2M |
| CFR Cullen/Frost Bankers, Inc. | −$2M |
| LMT Lockheed Martin Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.77B | 451 | +18.35% | +17.59% | +0.76% | +0.21B |
| 2025-12-31 | $1.56B | 373 | +15.57% | +17.72% | -2.15% | +0.01B |
| 2025-09-30 | $1.50B | 333 | +12.15% | +17.52% | -5.37% | +0.00B |
| 2025-06-30 | $1.37B | 343 | +10.25% | +14.94% | -4.70% | +0.30B |
| 2025-03-31 | $1.02B | 268 | +5.68% | +8.30% | -2.62% | +0.03B |
| 2024-12-31 | $1.01B | 262 | +12.94% | +24.89% | -11.94% | +0.03B |
| 2024-09-30 | $988M | 247 | +23.41% | +36.04% | -12.63% | +0.28B |
| 2024-06-30 | $661M | 184 | +7.46% | +24.49% | -17.04% | -0.00B |
| 2024-03-31 | $655M | 181 | +11.28% | +29.62% | -18.34% | +0.01B |
| 2023-12-31 | $624M | 190 | +11.78% | +26.18% | -14.39% | -0.27B |
| 2023-09-30 | $824M | 357 | +8.36% | +21.57% | -13.21% | +0.51B |
| 2023-06-30 | $335M | 369 | -6.39% | +19.42% | -25.82% | -0.27B |
| 2023-03-31 | $581M | 442 | +4.49% | +7.46% | -2.97% | -0.91B |
| 2022-12-31 | $1.43B | 391 | +5.65% | +7.56% | -1.91% | -0.02B |
| 2022-09-30 | $1.37B | 370 | -19.13% | -4.93% | -14.20% | +0.20B |
| 2022-03-31 | $1.44B | 379 | — | — | — | — |