Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.80%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.07%
steady accumulation
Rally response
+3.65%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $62M | 3.7% | +14.7% | 3.5 yr |
| MSFTMicrosoft Corporation | $48M | 2.9% | -0.6% | 3.5 yr |
| NVDANVIDIA Corporation | $40M | 2.4% | +60.9% | 3.5 yr |
| AMZNAmazon.com, Inc. | $38M | 2.3% | +9.5% | 3.5 yr |
| JPMJPMorgan Chase & Co. | $37M | 2.2% | +21.8% | 3.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $36M | 2.2% | — | 2.0 yr |
| SPYState Street SPDR S&P 50 | $29M | 1.8% | +17.6% | 3.5 yr |
| SPDWState Street SPDR Portfo | $29M | 1.7% | — | 3.5 yr |
| GOOGLAlphabet Inc. | $26M | 1.6% | — | 3.5 yr |
| IJRiShares Core S&P Small-C | $26M | 1.5% | — | 3.3 yr |
| BRK-BBerkshire Hathaway Inc. | $24M | 1.4% | — | 3.5 yr |
| BABAAlibaba Group Holding Li | $22M | 1.3% | -3.5% | 3.5 yr |
| SCHGSchwab U.S. Large-Cap Gr | $19M | 1.2% | — | 3.5 yr |
| COPConocoPhillips | $18M | 1.1% | +30.0% | 3.5 yr |
| INTCIntel Corporation | $18M | 1.1% | +94.3% | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management34.3%+6.6pp$569M
Semiconductors6.3%+2.6pp$105M
Specialty Retail4.1%-0.0pp$68M
Software - Infrastructure3.9%-1.7pp$65M
Consumer Electronics3.7%-1.4pp$62M
Drug Manufacturers - General3.3%-0.6pp$55M
Internet Content & Information2.6%+0.5pp$43M
Banks - Diversified2.5%-1.3pp$42M
Asset Management - Bonds2.3%+0.8pp$38M
Financial - Credit Services2.0%-0.2pp$32M
Country
US95.5%-0.1pp
CN1.4%-0.2pp
IE0.9%-0.7pp
TW0.7%+0.5pp
SG0.3%
CA0.3%-0.1pp
GB0.2%-0.2pp
NL0.2%
Top 5: 13.5% · Top 10: 22.3% · Top 25: 37.0%
Top buys this quarter · 15
| CVX Chevron Corporation | +$12M |
| PFE Pfizer Inc. | +$6M |
| PYPL PayPal Holdings, Inc. | +$5M |
| PZZA Papa John's International, Inc | +$4M |
| UTHR United Therapeutics Corporatio | +$4M |
| OHI Omega Healthcare Investors, Innew | +$3M |
| WY Weyerhaeuser Company | +$3M |
| ZETA Zeta Global Holdings Corp. | +$3M |
| NKE NIKE, Inc. | +$2M |
| CRK Comstock Resources, Inc. | +$2M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$27M |
| ALB Albemarle Corporation | −$5M |
| JPM JPMorgan Chase & Co. | −$5M |
| MCO Moody's Corporation | −$5M |
| MS Morgan Stanley | −$3M |
| COP ConocoPhillips | −$16M |
| AAPL Apple Inc. | −$3M |
| HD The Home Depot, Inc. | −$3M |
| PLTR Palantir Technologies Inc. | −$2M |
| HOOD Robinhood Markets, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.66B | 547 | +16.22% | +17.59% | -1.37% | +0.19B |
| 2025-12-31 | $1.53B | 509 | +17.77% | +17.72% | +0.05% | +0.05B |
| 2025-09-30 | $1.49B | 492 | +20.71% | +17.52% | +3.19% | +0.03B |
| 2025-06-30 | $1.34B | 479 | +17.61% | +14.94% | +2.67% | +0.20B |
| 2025-03-31 | $1.02B | 384 | +6.15% | +8.30% | -2.15% | +0.06B |
| 2024-12-31 | $989M | 352 | +18.10% | +24.89% | -6.78% | +0.23B |
| 2024-09-30 | $754M | 252 | +27.82% | +36.04% | -8.22% | +0.10B |
| 2024-06-30 | $616M | 212 | +15.29% | +24.49% | -9.20% | +0.04B |
| 2024-03-31 | $567M | 196 | +20.86% | +29.62% | -8.76% | +0.02B |
| 2023-12-31 | $508M | 182 | +15.72% | +26.18% | -10.45% | +0.04B |
| 2023-09-30 | $425M | 165 | -3.90% | -3.22% | -0.67% | -0.02B |
| 2023-06-30 | $466M | 1007 | +5.91% | +8.68% | -2.77% | +0.04B |
| 2023-03-31 | $398M | 136 | +3.61% | +7.46% | -3.84% | -0.00B |
| 2022-12-31 | $387M | 933 | — | — | — | — |