Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+13.33%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.58%
steady accumulation
Rally response
-3.75%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JPSTJPMorgan Ultra-Short Inc | $12M | 5.6% | — | 1.8 yr |
| HEGDSwan Hedged Equity US La | $7M | 3.3% | — | 4.5 yr |
| QQQInvesco QQQ Trust, Serie | $5M | 2.4% | — | 4.5 yr |
| AAPLApple Inc. | $5M | 2.1% | +14.7% | 4.5 yr |
| JEPIJPMorgan Equity Premium | $5M | 2.1% | — | 4.0 yr |
| VOVanguard Mid-Cap ETF | $4M | 2.0% | — | 4.5 yr |
| AVEMAvantis Emerging Markets | $4M | 1.8% | — | 0.8 yr |
| JNJJohnson & Johnson | $4M | 1.8% | +51.5% | 4.0 yr |
| JEPQJPMorgan Nasdaq Equity P | $4M | 1.7% | — | 1.3 yr |
| SPYState Street SPDR S&P 50 | $4M | 1.7% | +17.6% | 4.0 yr |
| JIVEJPMorgan International V | $4M | 1.7% | — | 0.3 yr |
| KNGFT Vest S&P 500 Dividend | $4M | 1.7% | — | 1.3 yr |
| WMTWalmart Inc. | $3M | 1.5% | +42.8% | 4.3 yr |
| FVDFirst Trust Value Line D | $3M | 1.4% | — | 3.5 yr |
| PEPPepsiCo, Inc. | $3M | 1.4% | +7.7% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management34.8%-10.3pp$75M
Asset Management - Income11.1%+2.5pp$24M
Drug Manufacturers - General6.8%+3.6pp$15M
Regulated Electric4.0%+1.7pp$9M
Semiconductors3.3%+0.8pp$7M
Beverages - Non-Alcoholic2.3%+1.1pp$5M
Consumer Electronics2.3%-0.2pp$5M
Specialty Retail2.1%+1.0pp$4M
Internet Content & Information2.0%+0.3pp$4M
Software - Infrastructure2.0%+0.3pp$4M
Country
US97.3%-0.9pp
GB1.3%+0.8pp
CH0.6%+0.1pp
Unknown0.5%
IE0.2%-0.7pp
Top 5: 15.5% · Top 10: 24.5% · Top 25: 44.7%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AMAT | $1M | +0.00B | 137.6% |
| GOOG | $2M | +0.00B | 84.3% |
| NVDA | $2M | +0.00B | 60.9% |
| SPY | $5M | +0.00B | 17.6% |
| AAPL | $5M | +0.00B | 14.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| GILD Gilead Sciences, Inc.new | +$3M |
| PEP PepsiCo, Inc. | +$2M |
| MRK Merck & Co., Inc. | +$2M |
| NEM Newmont Corporationnew | +$2M |
| APH Amphenol Corporationnew | +$2M |
| DTM DT Midstream, Inc.new | +$1M |
| ETR Entergy Corporationnew | +$1M |
| AZN AstraZeneca PLCnew | +$1M |
| NATH Nathan's Famous, Inc.new | +$1M |
| DTE DTE Energy Company | +$1M |
Top sells this quarter · 15
| BKR Baker Hughes Companyexit | −$2M |
| KO The Coca-Cola Company | −$2M |
| ETN Eaton Corporation plc | −$2M |
| MA Mastercard Incorporatedexit | −$2M |
| ABBV AbbVie Inc. | −$2M |
| UBER Uber Technologies, Inc.exit | −$1M |
| UNH UnitedHealth Group Incorporate | −$1M |
| ORCL Oracle Corporationexit | −$1M |
| COST Costco Wholesale Corporationexit | −$1M |
| ECL Ecolab Inc.exit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $216M | 152 | +18.04% | +17.59% | +0.45% | -0.01B |
| 2025-12-31 | $218M | 148 | +14.54% | +17.72% | -3.18% | -0.07B |
| 2025-09-30 | $283M | 167 | +13.07% | +17.52% | -4.45% | -0.01B |
| 2025-06-30 | $262M | 143 | +11.25% | +14.94% | -3.69% | +0.05B |
| 2025-03-31 | $200M | 135 | +9.61% | +8.30% | +1.31% | +0.00B |
| 2024-12-31 | $198M | 135 | +19.26% | +24.89% | -5.62% | -0.02B |
| 2024-09-30 | $215M | 128 | +29.44% | +36.04% | -6.60% | -0.01B |
| 2024-06-30 | $209M | 124 | +16.74% | +24.49% | -7.75% | -0.00B |
| 2024-03-31 | $205M | 122 | +18.91% | +29.62% | -10.72% | +0.00B |
| 2023-12-31 | $186M | 125 | +15.59% | +26.18% | -10.59% | +0.03B |
| 2023-09-30 | $143M | 117 | +16.62% | +21.57% | -4.95% | -0.02B |
| 2023-06-30 | $173M | 120 | +13.04% | +19.42% | -6.38% | +0.03B |
| 2023-03-31 | $139M | 119 | -4.12% | -7.82% | +3.70% | +0.01B |
| 2022-12-31 | $121M | 114 | -12.89% | -18.17% | +5.29% | +0.02B |
| 2022-09-30 | $94M | 118 | -5.47% | -4.93% | -0.54% | +0.00B |
| 2022-06-30 | $97M | 120 | -11.06% | -16.11% | +5.05% | -0.04B |