Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.21%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.11%
baseline attrition
Rally response
-3.10%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPHQInvesco S&P 500 Quality | $28M | 21.6% | — | 2.5 yr |
| VTVVanguard Value ETF | $20M | 15.3% | — | 2.5 yr |
| SCHGSchwab U.S. Large-Cap Gr | $19M | 14.7% | — | 2.5 yr |
| SCHFSchwab International Equ | $6M | 4.5% | — | 2.5 yr |
| FBNDFidelity Total Bond ETF | $6M | 4.3% | — | 0.3 yr |
| SPDWState Street SPDR Portfo | $5M | 4.1% | — | 1.3 yr |
| SPTLState Street SPDR Portfo | $5M | 4.0% | — | 0.3 yr |
| DFGXDimensional - Internatio | $4M | 2.9% | — | 0.3 yr |
| JMEEJPMorgan Small & Mid Cap | $4M | 2.9% | — | 1.3 yr |
| SPEMState Street SPDR Portfo | $4M | 2.8% | — | 1.3 yr |
| PYLDPIMCO Multisector Bond A | $3M | 2.2% | — | 1.3 yr |
| FLDRFidelity Low Duration Bo | $2M | 1.6% | — | 0.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $2M | 1.5% | — | 2.5 yr |
| EMCBWisdomTree Emerging Mark | $2M | 1.2% | — | 0.3 yr |
| JPSTJPMorgan Ultra-Short Inc | $1M | 1.0% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management86.6%+16.0pp$114M
Asset Management - Bonds8.2%-5.6pp$11M
Asset Management - Income1.8%-5.0pp$2M
Consumer Electronics0.5%-0.1pp$1M
Asset Management - Leveraged0.5%-6.0pp$1M
Semiconductors0.4%+0.1pp$1M
Internet Content & Information0.3%-0.1pp$0M
Medical - Devices0.3%$0M
Specialty Retail0.3%+0.0pp$0M
Agricultural - Machinery0.2%$0M
Country
US100.0%+0.0pp
Top 5: 60.4% · Top 10: 77.2% · Top 25: 91.3%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| MPV Barings Participation Investor | +$1M |
| MSFT Microsoft Corporation | +$0M |
| PSA Public Storage | +$0M |
| CAT Caterpillar Inc. | +$0M |
| TSLA Tesla, Inc. | +$0M |
| DFGX Dimensional - International Conew | +$0M |
| FBND Fidelity Total Bond ETFnew | +$0M |
| FTCS First Trust Capital Strength E | +$1M |
| DJAN FT Vest U.S. Equity Deep Buffe | +$0M |
| DSEP FT Vest U.S. Equity Deep Buffe | +$0M |
Top sells this quarter · 15
| XOM Exxon Mobil Corporationexit | −$0M |
| CMS CMS Energy Corporationexit | −$0M |
| GOOG Alphabet Inc.exit | −$0M |
| DHR Danaher Corporationexit | −$0M |
| HD The Home Depot, Inc.exit | −$0M |
| AAPL Apple Inc. | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
| META Meta Platforms, Inc. | −$0M |
| SYK Stryker Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $131M | 56 | +16.14% | +17.59% | -1.45% | -0.02B |
| 2025-12-31 | $157M | 54 | +13.32% | +17.72% | -4.40% | -0.00B |
| 2025-09-30 | $160M | 49 | +16.21% | +17.52% | -1.31% | -0.02B |
| 2025-06-30 | $164M | 51 | +17.55% | +14.94% | +2.61% | +0.01B |
| 2025-03-31 | $135M | 52 | +17.33% | +8.30% | +9.03% | +0.01B |
| 2024-12-31 | $131M | 35 | +28.80% | +24.89% | +3.92% | -0.01B |
| 2024-09-30 | $140M | 35 | +9.83% | +5.75% | +4.08% | +0.00B |
| 2024-06-30 | $123M | 28 | +11.86% | +4.38% | +7.48% | -0.02B |
| 2024-03-31 | $124M | 29 | +3.26% | +10.39% | -7.14% | -0.00B |
| 2023-12-31 | $121M | 35 | — | — | — | — |