Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.08%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.28%
steady accumulation
Rally response
+1.42%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $341M | 5.4% | — | 3.5 yr |
| CEFSprott Physical Gold and | $200M | 3.1% | — | 3.5 yr |
| AAPLApple Inc. | $182M | 2.9% | +14.7% | 3.5 yr |
| IJHiShares Core S&P Mid-Cap | $173M | 2.7% | — | 3.5 yr |
| IJRiShares Core S&P Small-C | $165M | 2.6% | — | 3.5 yr |
| VVVanguard Large-Cap ETF | $158M | 2.5% | — | 3.5 yr |
| NVDANVIDIA Corporation | $137M | 2.1% | +60.9% | 3.5 yr |
| VOVanguard Mid-Cap ETF | $136M | 2.1% | — | 3.5 yr |
| SPYState Street SPDR S&P 50 | $127M | 2.0% | +17.6% | 3.5 yr |
| VTVVanguard Value ETF | $114M | 1.8% | — | 3.5 yr |
| CLIPGlobal X - 1-3 Month T-B | $107M | 1.7% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $105M | 1.7% | -0.6% | 3.5 yr |
| VUGVanguard Growth ETF | $101M | 1.6% | — | 3.5 yr |
| IEMGiShares Core MSCI Emergi | $97M | 1.5% | — | 3.5 yr |
| AMZNAmazon.com, Inc. | $80M | 1.3% | +9.5% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management55.7%+7.6pp$3.55B
Semiconductors4.9%+0.9pp$313M
Asset Management - Bonds3.0%+0.1pp$191M
Consumer Electronics2.9%-1.4pp$187M
Internet Content & Information2.6%-0.3pp$168M
Drug Manufacturers - General2.5%-0.6pp$157M
Asset Management - Global2.2%+1.6pp$142M
Software - Infrastructure2.2%-1.0pp$137M
Specialty Retail1.4%-0.6pp$89M
Asset Management - Leveraged1.4%-0.8pp$87M
Country
US90.9%+2.2pp
CA5.1%-2.4pp
GB0.8%+0.1pp
Unknown0.8%+0.4pp
IE0.5%-0.3pp
TW0.4%+0.1pp
CH0.3%+0.1pp
FR0.2%-0.1pp
Top 5: 16.7% · Top 10: 27.2% · Top 25: 45.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $61M | +0.04B | 60.9% |
| AVGO | $26M | +0.02B | 86.0% |
| GOOG | $26M | +0.02B | 84.3% |
| AAPL | $134M | +0.02B | 14.7% |
| SPY | $82M | +0.01B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $82M | -0.00B | -0.6% |
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$14M |
| AZN AstraZeneca PLCnew | +$13M |
| NVDA NVIDIA Corporation | +$12M |
| AAPL Apple Inc. | +$182M |
| MSFT Microsoft Corporation | +$105M |
| KLAC KLA Corporation | +$5M |
| ASML ASML Holding N.V. | +$5M |
| AMZN Amazon.com, Inc. | +$80M |
| SLB SLB N.V. | +$4M |
| GILD Gilead Sciences, Inc. | +$3M |
Top sells this quarter · 15
| SNDK Sandisk Corporationexit | −$8M |
| CRWD CrowdStrike Holdings, Inc.exit | −$5M |
| APP AppLovin Corporationexit | −$5M |
| FDX FedEx Corporationexit | −$4M |
| WMB The Williams Companies, Inc. | −$4M |
| ECG Everus Construction Group, Incexit | −$3M |
| UNH UnitedHealth Group Incorporate | −$3M |
| BSX Boston Scientific Corporation | −$3M |
| VRT Vertiv Holdings Co | −$2M |
| EW Edwards Lifesciences Corporati | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.37B | 757 | +20.41% | +17.59% | +2.82% | +0.80B |
| 2025-12-31 | $5.74B | 676 | +19.29% | +17.72% | +1.57% | +1.32B |
| 2025-09-30 | $4.30B | 583 | +18.33% | +17.52% | +0.81% | +0.03B |
| 2025-06-30 | $3.93B | 568 | +15.93% | +14.94% | +0.98% | +0.47B |
| 2025-03-31 | $3.11B | 504 | +6.83% | +8.30% | -1.47% | -0.08B |
| 2024-12-31 | $3.31B | 1029 | +19.11% | +24.89% | -5.78% | -0.03B |
| 2024-09-30 | $3.27B | 1017 | +30.22% | +36.04% | -5.82% | -0.40B |
| 2024-06-30 | $3.46B | 1006 | +17.88% | +24.49% | -6.62% | -0.07B |
| 2024-03-31 | $3.45B | 988 | +23.17% | +29.62% | -6.45% | +0.08B |
| 2023-12-31 | $3.14B | 947 | +22.27% | +26.18% | -3.90% | -0.01B |
| 2023-09-30 | $2.83B | 883 | -3.75% | -3.22% | -0.52% | -0.23B |
| 2023-06-30 | $3.18B | 923 | +7.08% | +8.68% | -1.60% | +0.00B |
| 2023-03-31 | $2.96B | 908 | +6.36% | +7.46% | -1.10% | +0.02B |
| 2022-12-31 | $2.77B | 873 | — | — | — | — |