Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.45%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.31%
steady accumulation
Rally response
+0.61%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MGKVanguard Mega Cap Growth | $1.37B | 29.1% | — | 3.5 yr |
| GLDMSPDR Gold MiniShares Tru | $309M | 6.6% | — | 2.3 yr |
| SCHDSchwab U.S. Dividend Equ | $294M | 6.3% | — | 3.5 yr |
| IWOiShares Russell 2000 Gro | $294M | 6.3% | — | 3.5 yr |
| IWPiShares Russell Mid-Cap | $280M | 6.0% | — | 3.5 yr |
| VGLTVanguard Long-Term Treas | $269M | 5.7% | — | 2.8 yr |
| IVEiShares S&P 500 Value ET | $253M | 5.4% | — | 3.5 yr |
| IWSiShares Russell Mid-Cap | $149M | 3.2% | — | 3.5 yr |
| XLREState Street Real Estate | $136M | 2.9% | — | 3.5 yr |
| IWNiShares Russell 2000 Val | $122M | 2.6% | — | 3.5 yr |
| EEMiShares MSCI Emerging Ma | $105M | 2.2% | — | 3.5 yr |
| SCZiShares MSCI EAFE Small- | $99M | 2.1% | — | 3.5 yr |
| IWDiShares Russell 1000 Val | $89M | 1.9% | — | 3.5 yr |
| NOBLProShares - S&P 500 Divi | $68M | 1.5% | — | 3.5 yr |
| DJPiPath Bloomberg Commodit | $66M | 1.4% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management90.7%+1.0pp$4.26B
Consumer Electronics1.1%-0.1pp$52M
Semiconductors0.8%+0.2pp$39M
Software - Infrastructure0.7%-0.1pp$34M
Travel Lodging0.6%+0.0pp$27M
Drug Manufacturers - General0.5%+0.0pp$24M
Internet Content & Information0.5%+0.1pp$22M
Aerospace & Defense0.4%+0.1pp$17M
Specialty Retail0.4%-0.0pp$17M
Financial - Credit Services0.3%-0.1pp$15M
Country
US99.7%-0.0pp
CA0.1%+0.0pp
IE0.1%-0.0pp
GB0.0%+0.0pp
CN0.0%-0.0pp
NL0.0%
BM0.0%-0.0pp
Unknown0.0%+0.0pp
Top 5: 54.2% · Top 10: 74.0% · Top 25: 89.3%
Top buys this quarter · 15
| MRK Merck & Co., Inc. | +$2M |
| MAR Marriott International, Inc. | +$1M |
| AMZN Amazon.com, Inc. | +$17M |
| AMAT Applied Materials, Inc. | +$0M |
| CI Cigna Corporationnew | +$0M |
| COST Costco Wholesale Corporation | +$0M |
| BA The Boeing Company | +$0M |
| CF CF Industries Holdings, Inc.new | +$0M |
| NYT The New York Times Companynew | +$0M |
| KEYS Keysight Technologies, Inc.new | +$0M |
Top sells this quarter · 15
| NRG NRG Energy, Inc. | −$5M |
| NVDA NVIDIA Corporation | −$3M |
| GLW Corning Incorporated | −$2M |
| SPY State Street SPDR S&P 500 ETF | −$2M |
| UNH UnitedHealth Group Incorporate | −$1M |
| VZ Verizon Communications Inc. | −$1M |
| WMT Walmart Inc. | −$1M |
| ECL Ecolab Inc. | −$1M |
| MSFT Microsoft Corporation | −$0M |
| AAPL Apple Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.69B | 1359 | +17.85% | +17.59% | +0.26% | +0.11B |
| 2025-12-31 | $4.75B | 351 | +16.46% | +17.72% | -1.26% | +0.29B |
| 2025-09-30 | $4.34B | 344 | +16.42% | +17.52% | -1.10% | -0.01B |
| 2025-06-30 | $4.00B | 332 | +14.00% | +14.94% | -0.95% | +0.12B |
| 2025-03-31 | $3.56B | 317 | +7.93% | +8.30% | -0.37% | +0.06B |
| 2024-12-31 | $3.66B | 320 | +19.80% | +24.89% | -5.09% | +0.03B |
| 2024-09-30 | $3.54B | 311 | +29.22% | +36.04% | -6.82% | +0.15B |
| 2024-06-30 | $3.18B | 290 | +16.33% | +24.49% | -8.16% | +0.01B |
| 2024-03-31 | $3.08B | 296 | +21.99% | +29.62% | -7.63% | +0.02B |
| 2023-12-31 | $2.88B | 267 | +23.56% | +26.18% | -2.62% | +0.23B |
| 2023-09-30 | $2.39B | 260 | -4.03% | -3.22% | -0.81% | -0.03B |
| 2023-06-30 | $2.52B | 256 | +8.19% | +8.68% | -0.49% | -0.01B |
| 2023-03-31 | $2.34B | 252 | +7.36% | +7.46% | -0.10% | +0.02B |
| 2022-12-31 | $2.16B | 253 | — | — | — | — |