Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.35%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.64%
steady accumulation
Rally response
+0.62%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHBSchwab U.S. Broad Market | $51M | 3.7% | — | 3.5 yr |
| MOODRelative Sentiment Tacti | $49M | 3.6% | — | 3.5 yr |
| BOXXAlpha Architect 1-3 Mont | $47M | 3.4% | — | 2.3 yr |
| SGOLabrdn Physical Gold Shar | $46M | 3.3% | — | 3.5 yr |
| VOOVanguard S&P 500 ETF | $36M | 2.7% | — | 2.3 yr |
| VTVanguard Total World Sto | $33M | 2.4% | — | 3.5 yr |
| SCHXSchwab U.S. Large-Cap ET | $32M | 2.3% | — | 3.5 yr |
| SCHGSchwab U.S. Large-Cap Gr | $25M | 1.8% | — | 2.8 yr |
| TIPiShares TIPS Bond ETF | $25M | 1.8% | — | 3.5 yr |
| AAPLApple Inc. | $22M | 1.6% | +14.7% | 3.5 yr |
| SCHVSchwab U.S. Large-Cap Va | $21M | 1.5% | — | 3.5 yr |
| MOATVanEck Morningstar Wide | $20M | 1.4% | — | 3.5 yr |
| XLEState Street Energy Sele | $18M | 1.3% | — | 3.5 yr |
| EFAiShares MSCI EAFE ETF | $17M | 1.3% | — | 2.0 yr |
| XLUState Street Utilities S | $17M | 1.2% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management73.6%+2.2pp$1.01B
Asset Management - Bonds2.6%-0.1pp$36M
Asset Management - Income2.1%-0.5pp$29M
Internet Content & Information2.1%+1.2pp$29M
Semiconductors1.7%+0.8pp$23M
Consumer Electronics1.6%-1.4pp$22M
Regulated Electric1.5%-0.5pp$21M
Asset Management - Leveraged1.2%+0.3pp$17M
Unknown1.2%+0.4pp$16M
Software - Infrastructure1.1%-0.8pp$15M
Country
US97.9%-0.7pp
Unknown1.2%+0.4pp
UY0.3%+0.0pp
CN0.2%+0.2pp
CH0.1%
CL0.1%+0.0pp
GB0.1%-0.0pp
IE0.1%-0.0pp
Top 5: 16.7% · Top 10: 26.8% · Top 25: 43.7%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AAPL | $32M | +0.00B | 14.7% |
| NVDA | $5M | +0.00B | 60.9% |
| SPY | $15M | +0.00B | 17.6% |
| GOOG | $2M | +0.00B | 84.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| GOOG Alphabet Inc. | +$2M |
| PCT PureCycle Technologies, Inc. | +$4M |
| NVDA NVIDIA Corporation | +$1M |
| DELL Dell Technologies Inc.new | +$1M |
| CVX Chevron Corporation | +$0M |
| ALB Albemarle Corporation | +$0M |
| BKR Baker Hughes Companynew | +$0M |
| VIA Via Transportation, Inc.new | +$0M |
| HAL Halliburton Company | +$0M |
| FDX FedEx Corporationnew | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$5M |
| STX Seagate Technology Holdings pl | −$2M |
| GM General Motors Companyexit | −$0M |
| TPL Texas Pacific Land Corporation | −$1M |
| MU Micron Technology, Inc. | −$0M |
| KEYS Keysight Technologies, Inc. | −$0M |
| WMT Walmart Inc. | −$0M |
| CTBB Qwest Corp. NTexit | −$0M |
| WSFS WSFS Financial Corporationexit | −$0M |
| CRL Charles River Laboratories Intexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.37B | 540 | +16.06% | +17.59% | -1.53% | +0.04B |
| 2025-12-31 | $1.35B | 530 | +10.70% | +17.72% | -7.02% | +0.05B |
| 2025-09-30 | $1.27B | 509 | +12.81% | +17.52% | -4.71% | +0.01B |
| 2025-06-30 | $1.16B | 475 | +9.78% | +14.94% | -5.16% | +0.04B |
| 2025-03-31 | $1.05B | 447 | +6.21% | +8.30% | -2.09% | +0.33B |
| 2024-12-31 | $767M | 392 | +22.52% | +24.89% | -2.37% | +0.14B |
| 2024-09-30 | $606M | 300 | +29.81% | +36.04% | -6.22% | +0.01B |
| 2024-06-30 | $568M | 288 | +18.99% | +24.49% | -5.50% | +0.02B |
| 2024-03-31 | $527M | 283 | +20.51% | +29.62% | -9.11% | +0.02B |
| 2023-12-31 | $470M | 269 | +20.53% | +26.18% | -5.65% | +0.04B |
| 2023-09-30 | $386M | 178 | -3.32% | -3.22% | -0.10% | +0.10B |
| 2023-06-30 | $296M | 150 | +5.03% | +8.68% | -3.65% | -0.04B |
| 2023-03-31 | $321M | 191 | +7.77% | +7.46% | +0.31% | +0.00B |
| 2022-12-31 | $295M | 146 | — | — | — | — |