Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.61%
adds when stocks drop
when a holding falls −10%+
Middle response
-10.35%
baseline attrition
Rally response
-6.39%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPDWState Street SPDR Portfo | $896M | 18.8% | — | 3.5 yr |
| ITOTiShares Core S&P Total U | $512M | 10.7% | — | 3.5 yr |
| XNTKState Street SPDR NYSE T | $372M | 7.8% | — | 3.5 yr |
| EFViShares MSCI EAFE Value | $341M | 7.1% | — | 3.5 yr |
| IDEViShares Core MSCI Intern | $217M | 4.5% | — | 3.5 yr |
| FNDFSchwab Fundamental Inter | $175M | 3.7% | — | 3.5 yr |
| GOOGAlphabet Inc. | $164M | 3.4% | +84.3% | 3.5 yr |
| VYMVanguard High Dividend Y | $153M | 3.2% | — | 3.5 yr |
| IUSViShares Core S&P U.S. Va | $139M | 2.9% | — | 3.5 yr |
| SPYDState Street SPDR Portfo | $125M | 2.6% | — | 3.5 yr |
| BRK-ABerkshire Hathaway Inc. | $120M | 2.5% | — | 3.3 yr |
| VWOVanguard FTSE Emerging M | $97M | 2.0% | — | 3.5 yr |
| METAMeta Platforms, Inc. | $91M | 1.9% | -0.4% | 3.5 yr |
| AMZNAmazon.com, Inc. | $89M | 1.9% | +9.5% | 3.5 yr |
| JNJJohnson & Johnson | $82M | 1.7% | +51.5% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management72.1%+17.1pp$3.44B
Internet Content & Information5.4%+1.8pp$256M
Insurance - Diversified2.6%+2.6pp$125M
Specialty Retail1.9%-0.4pp$89M
Drug Manufacturers - General1.8%-0.2pp$88M
Aerospace & Defense1.5%-0.5pp$73M
Chemicals1.4%$67M
Beverages - Non-Alcoholic1.2%+0.4pp$58M
Auto - Recreational Vehicles1.2%+1.1pp$56M
Communication Equipment1.1%+0.0pp$52M
Country
US99.4%+11.1pp
CA0.3%+0.3pp
JP0.1%-0.6pp
CH0.1%+0.1pp
GB0.1%-9.9pp
LU0.0%-0.1pp
Top 5: 49.0% · Top 10: 64.8% · Top 25: 87.7%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.78B | 106 | +17.41% | +17.59% | -0.19% | +0.06B |
| 2025-12-31 | $4.76B | 104 | +18.81% | +17.72% | +1.09% | +0.68B |
| 2025-09-30 | $3.87B | 109 | +11.43% | +17.52% | -6.08% | -1.03B |
| 2025-06-30 | $4.48B | 107 | +10.40% | +14.94% | -4.55% | +0.92B |
| 2025-03-31 | $3.46B | 90 | +9.30% | +8.30% | +0.99% | -0.95B |
| 2024-12-31 | $4.40B | 106 | +20.52% | +24.89% | -4.37% | +0.36B |
| 2024-09-30 | $4.09B | 116 | +36.54% | +36.04% | +0.50% | -0.01B |
| 2024-06-30 | $3.79B | 115 | +23.50% | +24.49% | -1.00% | -0.07B |
| 2024-03-31 | $3.78B | 113 | +32.63% | +29.62% | +3.00% | +0.13B |
| 2023-12-31 | $3.30B | 112 | +29.80% | +26.18% | +3.62% | -0.05B |
| 2023-09-30 | $2.99B | 116 | -2.08% | -3.22% | +1.15% | -0.02B |
| 2023-06-30 | $3.08B | 115 | +9.47% | +8.68% | +0.78% | -0.10B |
| 2023-03-31 | $2.90B | 114 | +8.21% | +7.46% | +0.76% | -0.06B |
| 2022-12-31 | $2.74B | 113 | — | — | — | — |