Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.15%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.40%
baseline attrition
Rally response
-4.04%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AVGOBroadcom Inc. | $19M | 6.0% | +86.0% | 3.5 yr |
| XOMExxon Mobil Corporation | $13M | 4.1% | +47.6% | 3.5 yr |
| ABBVAbbVie Inc. | $12M | 3.6% | +7.3% | 3.5 yr |
| MRKMerck & Co., Inc. | $11M | 3.5% | +38.9% | 3.5 yr |
| JPMJPMorgan Chase & Co. | $11M | 3.4% | +21.8% | 3.5 yr |
| MSFTMicrosoft Corporation | $11M | 3.3% | -0.6% | 3.5 yr |
| CVXChevron Corporation | $10M | 3.2% | +29.2% | 2.5 yr |
| JNJJohnson & Johnson | $10M | 3.1% | +51.5% | 3.5 yr |
| LMTLockheed Martin Corporat | $10M | 3.0% | +39.0% | 3.5 yr |
| PEPPepsiCo, Inc. | $9M | 2.8% | +7.7% | 3.5 yr |
| HDThe Home Depot, Inc. | $8M | 2.6% | -8.0% | 3.5 yr |
| BNDVanguard Total Bond Mark | $8M | 2.5% | — | 2.5 yr |
| IVViShares Core S&P 500 ETF | $8M | 2.5% | — | 3.5 yr |
| MOAltria Group, Inc. | $8M | 2.4% | +15.8% | 3.0 yr |
| PULSPGIM Ultra Short Bond ET | $7M | 2.3% | — | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management18.8%+4.0pp$61M
Drug Manufacturers - General13.0%+0.5pp$42M
Semiconductors11.4%+2.5pp$37M
Oil & Gas Integrated7.3%-0.2pp$24M
Banks - Diversified3.4%-1.5pp$11M
Software - Infrastructure3.3%-0.7pp$11M
Aerospace & Defense3.2%+0.8pp$10M
Financial - Credit Services3.1%+1.0pp$10M
Beverages - Non-Alcoholic2.8%+1.2pp$9M
Asset Management - Bonds2.6%-0.2pp$8M
Country
US99.2%-0.7pp
Unknown0.5%
IE0.2%
CH0.1%+0.0pp
Top 5: 20.7% · Top 10: 36.1% · Top 25: 63.5%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$11M |
| V Visa Inc. | +$6M |
| PEP PepsiCo, Inc. | +$1M |
| HD The Home Depot, Inc. | +$1M |
| CVX Chevron Corporation | +$1M |
| UPS United Parcel Service, Inc. | +$0M |
| UNH UnitedHealth Group Incorporate | +$3M |
| ABBV AbbVie Inc. | +$12M |
| MA Mastercard Incorporated | +$4M |
| ABT Abbott Laboratories | +$3M |
Top sells this quarter · 15
| AVGO Broadcom Inc. | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
| LLY Eli Lilly and Companyexit | −$0M |
| PFE Pfizer Inc.exit | −$0M |
| FIS Fidelity National Information exit | −$0M |
| KO The Coca-Cola Companyexit | −$0M |
| ETN Eaton Corporation plcexit | −$0M |
| AEP American Electric Power Companexit | −$0M |
| LRCX Lam Research Corporation | −$6M |
| META Meta Platforms, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $323M | 120 | +26.63% | +17.59% | +9.04% | +0.00B |
| 2025-12-31 | $310M | 429 | +22.14% | +17.72% | +4.42% | -0.00B |
| 2025-09-30 | $294M | 117 | +17.18% | +17.52% | -0.34% | +0.01B |
| 2025-06-30 | $263M | 110 | +16.97% | +14.94% | +2.02% | +0.00B |
| 2025-03-31 | $246M | 94 | +10.88% | +8.30% | +2.58% | +0.00B |
| 2024-12-31 | $243M | 99 | +21.22% | +24.89% | -3.67% | +0.00B |
| 2024-09-30 | $238M | 91 | +27.63% | +36.04% | -8.40% | +0.00B |
| 2024-06-30 | $218M | 92 | +13.99% | +24.49% | -10.50% | +0.01B |
| 2024-03-31 | $209M | 80 | +15.67% | +29.62% | -13.95% | +0.00B |
| 2023-12-31 | $189M | 83 | +6.37% | +26.18% | -19.81% | +0.00B |
| 2023-09-30 | $173M | 68 | -3.23% | -3.22% | -0.00% | -0.00B |
| 2023-06-30 | $179M | 63 | +2.28% | +8.68% | -6.40% | +0.01B |
| 2023-03-31 | $169M | 59 | +0.54% | +7.46% | -6.91% | +0.00B |
| 2022-12-31 | $165M | 67 | — | — | — | — |