Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-19.05%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.81%
baseline attrition
Rally response
-8.96%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMZNAmazon.com, Inc. | $32M | 11.6% | +9.5% | 3.5 yr |
| NVDANVIDIA Corporation | $24M | 8.7% | +60.9% | 3.5 yr |
| AAPLApple Inc. | $23M | 8.2% | +14.7% | 3.5 yr |
| GOOGLAlphabet Inc. | $15M | 5.6% | — | 3.5 yr |
| JNKState Street SPDR Bloomb | $13M | 4.7% | — | 3.5 yr |
| IEFiShares 7-10 Year Treasu | $11M | 4.1% | — | 1.5 yr |
| MSFTMicrosoft Corporation | $11M | 4.1% | -0.6% | 3.5 yr |
| COSTCostco Wholesale Corpora | $11M | 4.0% | +5.9% | 3.5 yr |
| TMUST-Mobile US, Inc. | $11M | 3.9% | -19.9% | 3.5 yr |
| TSLATesla, Inc. | $10M | 3.6% | +43.4% | 2.0 yr |
| AMDAdvanced Micro Devices, | $10M | 3.5% | +98.0% | 3.5 yr |
| VXFVanguard Extended Market | $9M | 3.2% | — | 1.5 yr |
| BABAAlibaba Group Holding Li | $8M | 2.9% | -3.5% | 2.3 yr |
| MRKMerck & Co., Inc. | $8M | 2.8% | +38.9% | 0.5 yr |
| UNHUnitedHealth Group Incor | $8M | 2.7% | -46.9% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Specialty Retail14.6%-2.2pp$40M
Semiconductors14.6%+4.3pp$40M
Asset Management13.2%-0.1pp$36M
Asset Management - Bonds9.8%+0.6pp$27M
Consumer Electronics8.2%-0.7pp$23M
Internet Content & Information5.7%+1.4pp$16M
Software - Infrastructure5.0%+0.0pp$14M
Discount Stores4.1%+2.5pp$11M
Telecommunications Services3.9%+1.9pp$11M
Drug Manufacturers - General3.7%+3.1pp$10M
Country
US97.0%+6.6pp
CN2.9%-1.2pp
TW0.1%
Top 5: 38.8% · Top 10: 58.4% · Top 25: 88.2%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$8M |
| TMUS T-Mobile US, Inc. | +$8M |
| COST Costco Wholesale Corporation | +$7M |
| CSX CSX Corporation | +$6M |
| NVDA NVIDIA Corporation | +$2M |
| AMD Advanced Micro Devices, Inc. | +$1M |
| GNRC Generac Holdings Inc.new | +$0M |
| AMZN Amazon.com, Inc. | +$32M |
| UNH UnitedHealth Group Incorporate | +$8M |
| TSLA Tesla, Inc. | +$10M |
Top sells this quarter · 15
| KKR KKR & Co. Inc. | −$7M |
| EQH Equitable Holdings, Inc.exit | −$5M |
| LNC Lincoln National Corporationexit | −$5M |
| EL The Estée Lauder Companies Inexit | −$4M |
| CME CME Group Inc.exit | −$3M |
| AAPL Apple Inc. | −$2M |
| BABA Alibaba Group Holding Limited | −$2M |
| SHOP Shopify Inc.exit | −$1M |
| MU Micron Technology, Inc. | −$5M |
| LLY Eli Lilly and Company | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $274M | 77 | +20.83% | +17.59% | +3.23% | -0.01B |
| 2025-12-31 | $302M | 385 | +28.05% | +17.72% | +10.33% | +0.02B |
| 2025-09-30 | $269M | 80 | +24.78% | +17.52% | +7.26% | -0.01B |
| 2025-06-30 | $249M | 76 | +11.63% | +14.94% | -3.31% | -0.01B |
| 2025-03-31 | $238M | 73 | +6.03% | +8.30% | -2.27% | +0.01B |
| 2024-12-31 | $235M | 70 | +22.71% | +24.89% | -2.18% | +0.01B |
| 2024-09-30 | $218M | 57 | +36.86% | +36.04% | +0.83% | -0.02B |
| 2024-06-30 | $235M | 57 | +34.29% | +24.49% | +9.80% | -0.01B |
| 2024-03-31 | $234M | 59 | +36.17% | +29.62% | +6.55% | +0.01B |
| 2023-12-31 | $200M | 52 | +29.09% | +26.18% | +2.91% | -0.00B |
| 2023-09-30 | $174M | 55 | -1.99% | -3.22% | +1.23% | -0.01B |
| 2023-06-30 | $187M | 63 | +5.44% | +8.68% | -3.24% | +0.01B |
| 2023-03-31 | $169M | 65 | +7.47% | +7.46% | +0.02% | -0.00B |
| 2022-12-31 | $158M | 59 | — | — | — | — |