Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+10.14%
adds when stocks drop
when a holding falls −10%+
Middle response
+8.27%
steady accumulation
Rally response
-0.61%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-ABerkshire Hathaway Inc. | $15M | 3.5% | — | 0.8 yr |
| COWZPacer US Cash Cows 100 E | $14M | 3.4% | — | 3.3 yr |
| ACWIiShares MSCI ACWI ETF | $13M | 3.2% | — | 3.0 yr |
| JPMJPMorgan Chase & Co. | $12M | 2.7% | +21.8% | 2.3 yr |
| VOOVanguard S&P 500 ETF | $12M | 2.7% | — | 3.3 yr |
| JQUAJPMorgan U.S. Quality Fa | $10M | 2.4% | — | 0.8 yr |
| PDBCInvesco Optimum Yield Di | $9M | 2.2% | — | 3.3 yr |
| COWGPacer US Large Cap Cash | $9M | 2.2% | — | 1.3 yr |
| EDIVState Street SPDR S&P Em | $9M | 2.1% | — | 1.3 yr |
| IWRiShares Russell Mid-Cap | $8M | 2.0% | — | 3.0 yr |
| XOMExxon Mobil Corporation | $8M | 2.0% | +47.6% | 3.0 yr |
| VTIVanguard Total Stock Mar | $8M | 1.9% | — | 3.3 yr |
| AAPLApple Inc. | $7M | 1.6% | +14.7% | 3.3 yr |
| VIGVanguard Dividend Apprec | $7M | 1.6% | — | 2.5 yr |
| ICVTiShares Convertible Bond | $6M | 1.5% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management56.4%-6.7pp$240M
Asset Management - Bonds5.0%-1.9pp$21M
Insurance - Diversified4.3%+3.7pp$18M
Oil & Gas Integrated3.9%+0.9pp$16M
Regulated Electric3.7%+0.5pp$16M
Banks - Diversified2.8%+2.3pp$12M
Asset Management - Income2.3%-0.3pp$10M
Semiconductors2.3%+0.9pp$10M
Tobacco1.9%-0.4pp$8M
Consumer Electronics1.6%+0.5pp$7M
Country
US97.0%-0.9pp
Unknown1.1%+0.1pp
GB0.4%-0.2pp
CA0.4%
TW0.3%+0.1pp
FR0.3%
BR0.1%
IT0.1%
Top 5: 15.5% · Top 10: 26.4% · Top 25: 48.2%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| FITB Fifth Third Bancorpnew | +$3M |
| CNQ Canadian Natural Resources Limnew | +$1M |
| XOM Exxon Mobil Corporation | +$1M |
| EPD Enterprise Products Partners L | +$1M |
| COIN Coinbase Global, Inc.new | +$1M |
| E Eni S.p.A.new | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| LNG Cheniere Energy, Inc.new | +$0M |
| VICI VICI Properties Inc. | +$0M |
| MO Altria Group, Inc. | +$0M |
Top sells this quarter · 15
| AMD Advanced Micro Devices, Inc. | −$1M |
| DKL Delek Logistics Partners, LPexit | −$1M |
| AMZN Amazon.com, Inc. | −$0M |
| MPLX MPLX Lp | −$0M |
| PSX Phillips 66 | −$0M |
| BTI British American Tobacco p.l.c | −$0M |
| CLS Celestica Inc.exit | −$0M |
| META Meta Platforms, Inc.exit | −$0M |
| LLY Eli Lilly and Companyexit | −$0M |
| ADBE Adobe Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $426M | 227 | +18.88% | +17.59% | +1.29% | +0.02B |
| 2025-12-31 | $385M | 201 | +18.19% | +17.72% | +0.47% | +0.01B |
| 2025-09-30 | $372M | 184 | +17.99% | +17.52% | +0.47% | +0.05B |
| 2025-06-30 | $304M | 159 | +21.57% | +14.94% | +6.63% | +0.01B |
| 2025-03-31 | $280M | 148 | +25.39% | +8.30% | +17.09% | +0.08B |
| 2024-12-31 | $189M | 115 | +30.41% | +24.89% | +5.53% | -0.00B |
| 2024-09-30 | $189M | 114 | +36.54% | +36.04% | +0.50% | +0.01B |
| 2024-06-30 | $164M | 99 | +22.63% | +24.49% | -1.86% | -0.00B |
| 2024-03-31 | $152M | 93 | +20.54% | +29.62% | -9.09% | +0.03B |
| 2023-12-31 | $114M | 70 | +6.50% | +11.64% | -5.14% | -0.03B |
| 2023-09-30 | $139M | 71 | -1.80% | -3.22% | +1.42% | +0.02B |
| 2023-06-30 | $119M | 65 | +6.21% | +8.68% | -2.47% | +0.06B |
| 2022-06-30 | $58M | 64 | — | — | — | — |