Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.04%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.77%
steady accumulation
Rally response
+3.23%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VEAVanguard FTSE Developed | $27M | 5.6% | — | 4.3 yr |
| IVViShares Core S&P 500 ETF | $26M | 5.5% | — | 4.3 yr |
| BBUSJPMorgan BetaBuilders U. | $20M | 4.2% | — | 1.8 yr |
| NVDANVIDIA Corporation | $17M | 3.6% | +60.9% | 4.0 yr |
| AAPLApple Inc. | $15M | 3.2% | +14.7% | 4.5 yr |
| VWOVanguard FTSE Emerging M | $14M | 2.9% | — | 3.5 yr |
| MSFTMicrosoft Corporation | $11M | 2.3% | -0.6% | 4.5 yr |
| VOVanguard Mid-Cap ETF | $10M | 2.2% | — | 3.3 yr |
| CLOAiShares AAA CLO Active E | $9M | 2.0% | — | 0.8 yr |
| AMZNAmazon.com, Inc. | $8M | 1.8% | +9.5% | 4.5 yr |
| CDXSimplify High Yield ETF | $8M | 1.8% | — | 0.8 yr |
| IJRiShares Core S&P Small-C | $8M | 1.7% | — | 3.3 yr |
| GOOGLAlphabet Inc. | $8M | 1.6% | — | 4.5 yr |
| JPLDJPMorgan Limited Duratio | $7M | 1.5% | — | 0.8 yr |
| BRK-BBerkshire Hathaway Inc. | $7M | 1.4% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management42.8%+2.6pp$203M
Semiconductors7.1%+3.1pp$33M
Internet Content & Information3.9%+1.0pp$18M
Software - Infrastructure3.5%+0.0pp$16M
Consumer Electronics3.2%-0.4pp$15M
Asset Management - Bonds3.2%-4.7pp$15M
Asset Management - Income2.1%-0.7pp$10M
Banks - Diversified2.1%+0.5pp$10M
Drug Manufacturers - General2.0%+0.6pp$9M
Specialty Retail1.9%+0.1pp$9M
Country
US94.5%-2.2pp
GB1.0%+0.4pp
Unknown0.7%+0.5pp
CA0.7%+0.5pp
TW0.4%+0.2pp
CH0.3%+0.2pp
JP0.3%+0.0pp
IE0.2%-0.5pp
Top 5: 22.1% · Top 10: 33.2% · Top 25: 51.6%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$17M |
| SNDK Sandisk Corporationnew | +$0M |
| MSFT Microsoft Corporation | +$11M |
| AZN AstraZeneca PLCnew | +$0M |
| LITE Lumentum Holdings Inc.new | +$0M |
| AMD Advanced Micro Devices, Inc. | +$0M |
| META Meta Platforms, Inc. | +$6M |
| ZTO ZTO Express (Cayman) Inc.new | +$0M |
| JNJ Johnson & Johnson | +$0M |
| LNTH Lantheus Holdings, Inc.new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $474M | 376 | +23.17% | +17.59% | +5.58% | -0.01B |
| 2025-12-31 | $512M | 379 | +23.73% | +17.72% | +6.01% | +0.02B |
| 2025-09-30 | $470M | 356 | +22.41% | +17.52% | +4.89% | -0.03B |
| 2025-06-30 | $449M | 342 | +16.01% | +14.94% | +1.06% | -0.03B |
| 2025-03-31 | $421M | 320 | +5.56% | +8.30% | -2.75% | +0.04B |
| 2024-12-31 | $402M | 338 | +20.06% | +24.89% | -4.83% | +0.01B |
| 2024-09-30 | $380M | 318 | +29.30% | +36.04% | -6.74% | -0.01B |
| 2024-06-30 | $368M | 318 | +19.73% | +24.49% | -4.76% | +0.01B |
| 2024-03-31 | $352M | 313 | +25.96% | +29.62% | -3.66% | +0.02B |
| 2023-12-31 | $308M | 304 | +22.80% | +26.18% | -3.38% | +0.01B |
| 2023-09-30 | $272M | 276 | +17.91% | +21.57% | -3.65% | +0.01B |
| 2023-06-30 | $267M | 280 | +15.32% | +19.42% | -4.11% | +0.01B |
| 2023-03-31 | $237M | 288 | -10.59% | -7.82% | -2.78% | +0.03B |
| 2022-12-31 | $200M | 251 | -17.21% | -18.17% | +0.97% | +0.09B |
| 2022-09-30 | $105M | 161 | -4.81% | -4.93% | +0.12% | +0.00B |
| 2022-06-30 | $109M | 168 | -16.29% | -16.11% | -0.17% | +0.01B |