Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.04%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.50%
baseline attrition
Rally response
-3.52%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IWRiShares Russell Mid-Cap | $63M | 10.6% | — | 12.3 yr |
| VEAVanguard FTSE Developed | $58M | 9.7% | — | 11.8 yr |
| NVDANVIDIA Corporation | $31M | 5.2% | +60.9% | 13.0 yr |
| AVGOBroadcom Inc. | $19M | 3.3% | +86.0% | 6.3 yr |
| AAPLApple Inc. | $19M | 3.2% | +14.7% | 13.3 yr |
| PWRQuanta Services, Inc. | $15M | 2.6% | +116.2% | 8.5 yr |
| PLTRPalantir Technologies In | $14M | 2.3% | +73.3% | 2.3 yr |
| CVBFCVB Financial Corp. | $13M | 2.2% | +8.4% | 13.5 yr |
| MSFTMicrosoft Corporation | $12M | 2.1% | -0.6% | 13.5 yr |
| XPOFXponential Fitness, Inc. | $12M | 2.0% | -27.7% | 0.3 yr |
| LNGCheniere Energy, Inc. | $11M | 1.8% | +23.8% | 9.0 yr |
| AMZNAmazon.com, Inc. | $11M | 1.8% | +9.5% | 7.8 yr |
| EMXCiShares MSCI Emerging Ma | $10M | 1.7% | — | 4.8 yr |
| IWMiShares Russell 2000 ETF | $10M | 1.7% | — | 13.5 yr |
| GOOGLAlphabet Inc. | $10M | 1.7% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management31.3%-5.4pp$187M
Semiconductors9.3%+2.0pp$56M
Software - Infrastructure5.7%+0.3pp$34M
Banks - Diversified3.3%-0.4pp$20M
Consumer Electronics3.2%-0.2pp$19M
Drug Manufacturers - General2.8%+0.0pp$17M
Engineering & Construction2.6%+0.7pp$15M
Banks - Regional2.5%-0.6pp$15M
Specialty Retail2.4%+0.1pp$14M
Internet Content & Information2.3%+1.0pp$14M
Country
US99.5%-0.3pp
IE0.4%+0.2pp
NL0.1%
Unknown0.0%
Top 5: 31.9% · Top 10: 43.1% · Top 25: 64.7%
Top buys this quarter · 8
| XPOF Xponential Fitness, Inc.new | +$12M |
| NFLX Netflix, Inc. | +$5M |
| SHW The Sherwin-Williams Companynew | +$4M |
| ALLE Allegion plcnew | +$1M |
| WSO Watsco, Inc.new | +$0M |
| CVX Chevron Corporation | +$0M |
| VEEV Veeva Systems Inc. | +$4M |
| BROS Dutch Bros Inc. | +$4M |
Top sells this quarter · 15
| GS The Goldman Sachs Group, Inc. | −$3M |
| FDX FedEx Corporation | −$3M |
| JPM JPMorgan Chase & Co. | −$2M |
| GLW Corning Incorporated | −$1M |
| NVDA NVIDIA Corporation | −$1M |
| AVGO Broadcom Inc. | −$1M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| AAPL Apple Inc. | −$0M |
| FANG Diamondback Energy, Inc. | −$6M |
| MSFT Microsoft Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $599M | 134 | +28.45% | +17.59% | +10.85% | +0.02B |
| 2025-12-31 | $594M | 133 | +24.76% | +17.72% | +7.05% | -0.01B |
| 2025-09-30 | $588M | 146 | +30.69% | +17.52% | +13.18% | +0.01B |
| 2025-06-30 | $504M | 100 | +21.58% | +14.94% | +6.64% | -0.02B |
| 2025-03-31 | $461M | 100 | +7.35% | +8.30% | -0.96% | -0.05B |
| 2024-12-31 | $535M | 105 | +22.32% | +24.89% | -2.56% | +0.01B |
| 2024-09-30 | $496M | 107 | +27.69% | +36.04% | -8.35% | -0.01B |
| 2024-06-30 | $473M | 102 | +19.54% | +24.49% | -4.95% | -0.01B |
| 2024-03-31 | $480M | 107 | +25.01% | +29.62% | -4.62% | -0.01B |
| 2023-12-31 | $454M | 107 | +17.81% | +26.18% | -8.36% | -0.02B |
| 2023-09-30 | $426M | 105 | +12.89% | +21.57% | -8.68% | -0.02B |
| 2023-06-30 | $448M | 108 | +9.86% | +19.42% | -9.57% | -0.01B |
| 2023-03-31 | $434M | 107 | -7.41% | -7.82% | +0.40% | -0.01B |
| 2022-12-31 | $437M | 120 | -13.19% | -18.17% | +4.98% | -0.00B |
| 2022-09-30 | $410M | 118 | -9.71% | -15.51% | +5.80% | -0.27B |
| 2022-06-30 | $703M | 241 | -6.08% | -10.62% | +4.54% | -0.03B |