Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-15.09%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.30%
baseline attrition
Rally response
-4.28%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VUGVanguard Growth ETF | $62M | 14.9% | — | 3.3 yr |
| DFAWDimensional - World Equi | $21M | 5.0% | — | 2.5 yr |
| VTVVanguard Value ETF | $19M | 4.5% | — | 3.3 yr |
| DFAXDimensional - World ex U | $17M | 4.2% | — | 3.3 yr |
| DFUSDimensional - US Equity | $17M | 4.1% | — | 3.3 yr |
| AOKiShares Core 30/70 Conse | $16M | 3.8% | — | 0.5 yr |
| AAPLApple Inc. | $13M | 3.1% | +14.7% | 3.3 yr |
| GLDSPDR Gold Shares | $12M | 3.0% | — | 3.3 yr |
| VGUSVanguard Ultra-Short Tre | $10M | 2.4% | — | 1.3 yr |
| DFATDimensional - US Targete | $9M | 2.1% | — | 3.3 yr |
| DFIVDimensional - Internatio | $8M | 1.9% | — | 3.3 yr |
| DFACDimensional - US Core Eq | $8M | 1.9% | — | 3.3 yr |
| SLViShares Silver Trust | $7M | 1.8% | — | 3.3 yr |
| VDCVanguard Consumer Staple | $7M | 1.6% | — | 0.5 yr |
| DFUVDimensional - US Marketw | $6M | 1.5% | — | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management77.9%+0.6pp$322M
Consumer Electronics3.1%-0.3pp$13M
Asset Management - Leveraged1.8%+0.4pp$7M
Semiconductors1.7%+1.1pp$7M
Asset Management - Bonds1.6%-2.0pp$7M
Asset Management - Income1.5%-1.1pp$6M
Discount Stores1.1%-0.1pp$5M
Insurance - Diversified0.9%-0.3pp$4M
Software - Infrastructure0.9%+0.2pp$4M
Internet Content & Information0.8%+0.4pp$3M
Country
US99.0%-0.3pp
GB0.3%+0.1pp
IE0.3%+0.0pp
Unknown0.2%-0.0pp
CA0.2%+0.1pp
CH0.0%+0.0pp
TW0.0%+0.0pp
CN0.0%-0.0pp
Top 5: 32.8% · Top 10: 47.2% · Top 25: 67.5%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $413M | 656 | +18.44% | +17.59% | +0.85% | +0.01B |
| 2025-12-31 | $415M | 612 | +14.41% | +17.72% | -3.31% | +0.03B |
| 2025-09-30 | $378M | 602 | +17.70% | +17.52% | +0.19% | +0.01B |
| 2025-06-30 | $330M | 592 | +20.49% | +14.94% | +5.55% | -0.04B |
| 2025-03-31 | $344M | 632 | +22.90% | +8.30% | +14.60% | +0.06B |
| 2024-12-31 | $298M | 643 | +37.86% | +26.30% | +11.56% | -0.05B |
| 2024-09-30 | $334M | 649 | +13.72% | +19.26% | -5.54% | -0.01B |
| 2024-06-30 | $302M | 585 | +7.18% | +22.56% | -15.38% | -0.28B |
| 2023-12-31 | $533M | 1016 | +9.37% | +26.18% | -16.81% | -8.04B |
| 2023-09-30 | $8.11B | 708 | -13.49% | -3.22% | -10.27% | +7.93B |
| 2023-06-30 | $197M | 740 | +6.86% | +8.68% | -1.83% | -0.27B |
| 2023-03-31 | $434M | 877 | +11.88% | +7.46% | +4.42% | +0.21B |
| 2022-12-31 | $203M | 91 | — | — | — | — |