Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.45%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.56%
steady accumulation
Rally response
-6.36%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| RDVYFirst Trust Rising Divid | $21M | 12.4% | — | 1.5 yr |
| DINTDavis Select Internation | $17M | 10.0% | — | 1.5 yr |
| FPEFirst Trust Preferred Se | $12M | 7.4% | — | 1.5 yr |
| GNSSGenasys Inc. | $12M | 7.1% | -19.8% | 1.5 yr |
| GOOGAlphabet Inc. | $9M | 5.3% | +84.3% | 1.5 yr |
| GTOInvesco Total Return Bon | $9M | 5.2% | — | 1.5 yr |
| BRK-BBerkshire Hathaway Inc. | $8M | 5.0% | — | 1.5 yr |
| JPSTJPMorgan Ultra-Short Inc | $6M | 3.5% | — | 1.5 yr |
| JAAAJanus Henderson AAA CLO | $6M | 3.3% | — | 1.5 yr |
| BAThe Boeing Company | $5M | 3.1% | +16.7% | 1.5 yr |
| SPTIState Street SPDR Portfo | $5M | 2.7% | — | 1.5 yr |
| QQQMInvesco NASDAQ 100 ETF | $4M | 2.6% | — | 0.8 yr |
| RWLInvesco S&P 500 Revenue | $4M | 2.1% | — | 0.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $4M | 2.1% | — | 0.5 yr |
| IEFAiShares Core MSCI EAFE E | $3M | 2.0% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management61.2%+3.2pp$102M
Hardware, Equipment & Parts7.1%-4.6pp$12M
Internet Content & Information5.7%+0.0pp$10M
Insurance - Diversified5.0%-1.9pp$8M
Asset Management - Income4.1%+1.3pp$7M
Aerospace & Defense3.1%+2.1pp$5M
Asset Management - Bonds2.5%+1.6pp$4M
Consumer Electronics1.9%-1.1pp$3M
Semiconductors1.6%+1.0pp$3M
Information Technology Services1.4%-0.2pp$2M
Country
US99.3%+0.6pp
GB0.2%
CN0.2%-0.2pp
AU0.1%
SG0.1%-0.1pp
CA0.1%-0.5pp
Top 5: 42.2% · Top 10: 62.4% · Top 25: 86.0%
Top buys this quarter · 15
| GNSS Genasys Inc. | +$2M |
| GOOG Alphabet Inc. | +$1M |
| IBM International Business Machine | +$1M |
| BA The Boeing Company | +$1M |
| AAPL Apple Inc. | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| UUUU Energy Fuels Inc. | +$0M |
| TSLA Tesla, Inc. | +$0M |
| MSFT Microsoft Corporation | +$1M |
| IREN IREN Limitednew | +$0M |
Top sells this quarter · 15
| EIX Edison International | −$1M |
| DIS The Walt Disney Companyexit | −$0M |
| DNN Denison Mines Corp. | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
| LNG Cheniere Energy, Inc.exit | −$0M |
| BABA Alibaba Group Holding Limited | −$0M |
| CTRA Coterra Energy Inc. | −$0M |
| INTC Intel Corporation | −$0M |
| GOOGL Alphabet Inc. | −$0M |
| MUST Columbia Multi-Sector Municipa | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $167M | 70 | +20.45% | +17.59% | +2.86% | +0.03B |
| 2025-12-31 | $143M | 71 | +14.23% | +17.72% | -3.49% | -0.14B |
| 2025-09-30 | $278M | 75 | +31.96% | +8.12% | +23.84% | +0.09B |
| 2025-06-30 | $143M | 64 | -2.27% | +10.78% | -13.05% | +0.01B |
| 2025-03-31 | $136M | 60 | -12.14% | -4.27% | -7.88% | +0.02B |
| 2024-12-31 | $136M | 63 | — | — | — | — |