Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.35%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.43%
baseline attrition
Rally response
-3.81%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCECSterling Capital Enhance | $58M | 16.5% | — | 1.0 yr |
| IWYiShares Russell Top 200 | $42M | 12.0% | — | 3.0 yr |
| SCNMSterling Capital Nationa | $32M | 9.1% | — | 0.3 yr |
| IWXiShares Russell Top 200 | $27M | 7.7% | — | 3.0 yr |
| EFViShares MSCI EAFE Value | $15M | 4.3% | — | 2.8 yr |
| IWSiShares Russell Mid-Cap | $14M | 4.1% | — | 3.0 yr |
| EFGiShares MSCI EAFE Growth | $13M | 3.8% | — | 3.0 yr |
| IEMGiShares Core MSCI Emergi | $11M | 3.2% | — | 3.0 yr |
| VOOVanguard S&P 500 ETF | $9M | 2.6% | — | 3.0 yr |
| VTWOVanguard Russell 2000 ET | $7M | 2.1% | — | 3.0 yr |
| NVDANVIDIA Corporation | $5M | 1.3% | +60.9% | 1.8 yr |
| VIGVanguard Dividend Apprec | $4M | 1.2% | — | 0.5 yr |
| NOBLProShares - S&P 500 Divi | $4M | 1.1% | — | 0.5 yr |
| IWPiShares Russell Mid-Cap | $4M | 1.1% | — | 3.0 yr |
| AVGOBroadcom Inc. | $3M | 0.8% | +86.0% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management80.5%-0.2pp$281M
Semiconductors3.6%$13M
Aerospace & Defense1.5%+1.1pp$5M
Regulated Electric1.1%+0.9pp$4M
Drug Manufacturers - General0.7%-0.2pp$3M
Oil & Gas Integrated0.7%-0.4pp$3M
Asset Management - Bonds0.7%-7.7pp$2M
Financial - Credit Services0.7%$2M
Unknown0.6%$2M
Banks - Diversified0.6%$2M
Country
US98.1%-1.9pp
TW0.7%
Unknown0.6%
IE0.2%
SG0.1%
GB0.1%
CN0.1%
DK0.0%
Top 5: 49.6% · Top 10: 65.4% · Top 25: 76.4%
Top buys this quarter · 15
| V Visa Inc. | +$4M |
| JNJ Johnson & Johnson | +$1M |
| NVDA NVIDIA Corporation | +$1M |
| HON Honeywell International Inc. | +$0M |
| AVGO Broadcom Inc. | +$0M |
| WDC Western Digital Corporationnew | +$0M |
| AAPL Apple Inc. | +$0M |
| STX Seagate Technology Holdings pl | +$0M |
| ROAD Construction Partners, Inc.new | +$0M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
Top sells this quarter · 15
| RTX RTX Corporation | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
| ATRO Astronics Corporation | −$0M |
| IBM International Business Machine | −$0M |
| AVAV AeroVironment, Inc.exit | −$0M |
| HOOD Robinhood Markets, Inc.exit | −$0M |
| APPS Digital Turbine, Inc. | −$0M |
| BETA BETA Technologies, Inc.exit | −$0M |
| ANIP ANI Pharmaceuticals, Inc.exit | −$0M |
| NBIX Neurocrine Biosciences, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $349M | 829 | +25.33% | +17.59% | +7.74% | +0.01B |
| 2025-12-31 | $323M | 717 | +23.67% | +17.72% | +5.95% | +0.15B |
| 2025-09-30 | $164M | 78 | +18.04% | +17.52% | +0.52% | +0.04B |
| 2025-06-30 | $114M | 55 | +18.27% | +14.94% | +3.33% | -0.02B |
| 2025-03-31 | $126M | 44 | +16.60% | +8.30% | +8.30% | -0.01B |
| 2024-12-31 | $136M | 49 | +18.63% | +24.89% | -6.26% | +0.02B |
| 2024-09-30 | $122M | 48 | +28.13% | +36.04% | -7.90% | -0.03B |
| 2024-06-30 | $136M | 51 | +14.29% | +24.49% | -10.20% | -0.00B |
| 2024-03-31 | $132M | 60 | +4.08% | +10.39% | -6.31% | +0.02B |
| 2023-12-31 | $108M | 73 | +6.45% | +11.64% | -5.19% | +0.00B |
| 2023-09-30 | $100M | 72 | -2.35% | -3.22% | +0.87% | +0.01B |
| 2023-06-30 | $96M | 62 | — | — | — | — |