Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.57%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.33%
baseline attrition
Rally response
-11.94%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VUGVanguard Growth ETF | $1.09B | 22.5% | — | 3.5 yr |
| VTVVanguard Value ETF | $1.03B | 21.2% | — | 3.5 yr |
| IXUSiShares Core MSCI Total | $464M | 9.6% | — | 3.5 yr |
| IEFAiShares Core MSCI EAFE E | $420M | 8.6% | — | 3.5 yr |
| IEMGiShares Core MSCI Emergi | $175M | 3.6% | — | 3.5 yr |
| AGGiShares Core U.S. Aggreg | $132M | 2.7% | — | 3.5 yr |
| GOVTiShares U.S. Treasury Bo | $117M | 2.4% | — | 3.0 yr |
| VBRVanguard Small-Cap Value | $106M | 2.2% | — | 3.5 yr |
| VBKVanguard Small-Cap Growt | $96M | 2.0% | — | 3.5 yr |
| VOOVanguard S&P 500 ETF | $94M | 1.9% | — | 3.5 yr |
| SPYState Street SPDR S&P 50 | $77M | 1.6% | +17.6% | 3.5 yr |
| MBBiShares MBS ETF | $73M | 1.5% | — | 3.0 yr |
| VTCVanguard Total Corporate | $72M | 1.5% | — | 3.0 yr |
| RODMHartford Multifactor Dev | $70M | 1.4% | — | 3.5 yr |
| ACWIiShares MSCI ACWI ETF | $57M | 1.2% | — | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management93.9%+1.0pp$4.56B
Drug Manufacturers - General1.2%+0.2pp$59M
Consumer Electronics0.9%-0.1pp$42M
Insurance - Diversified0.7%-0.1pp$32M
Internet Content & Information0.4%+0.0pp$19M
Financial - Credit Services0.3%-0.1pp$13M
Household & Personal Products0.2%-0.3pp$12M
Software - Infrastructure0.2%-0.0pp$11M
Specialty Retail0.2%-0.0pp$10M
Semiconductors0.2%+0.0pp$9M
Country
US99.8%-0.0pp
IL0.1%
JP0.0%-0.0pp
IE0.0%-0.0pp
CN0.0%+0.0pp
CA0.0%
TW0.0%
GB0.0%-0.0pp
Top 5: 65.5% · Top 10: 76.7% · Top 25: 90.2%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| AAPL Apple Inc. | +$40M |
| FSBC Five Star Bancorpnew | +$2M |
| NVDA NVIDIA Corporation | +$1M |
| ARCC Ares Capital Corporationnew | +$1M |
| GOOG Alphabet Inc. | +$7M |
| NFLX Netflix, Inc. | +$0M |
| BLCO Bausch + Lomb Corporationnew | +$0M |
| LIN Linde plcnew | +$0M |
| HCC Warrior Met Coal, Inc.new | +$0M |
| BAER Bridger Aerospace Group Holdin | +$0M |
Top sells this quarter · 15
| JNJ Johnson & Johnson | −$49M |
| SPY State Street SPDR S&P 500 ETF | −$2M |
| ABT Abbott Laboratories | −$1M |
| PSX Phillips 66 | −$1M |
| SYK Stryker Corporation | −$1M |
| IRT Independence Realty Trust, Inc | −$0M |
| PH Parker-Hannifin Corporationexit | −$0M |
| ANIP ANI Pharmaceuticals, Inc.exit | −$0M |
| DCI Donaldson Company, Inc.exit | −$0M |
| KO The Coca-Cola Company | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.85B | 259 | +23.60% | +17.59% | +6.00% | +0.10B |
| 2025-12-31 | $4.89B | 250 | +24.48% | +17.72% | +6.76% | -0.33B |
| 2025-09-30 | $4.84B | 270 | +23.10% | +17.52% | +5.58% | -0.13B |
| 2025-06-30 | $4.50B | 262 | +20.04% | +14.94% | +5.10% | +0.09B |
| 2025-03-31 | $4.13B | 251 | +15.60% | +8.30% | +7.29% | +0.05B |
| 2024-12-31 | $4.16B | 259 | +25.77% | +24.89% | +0.88% | -0.27B |
| 2024-09-30 | $4.15B | 249 | +29.96% | +36.04% | -6.08% | -0.08B |
| 2024-06-30 | $3.93B | 259 | +16.11% | +24.49% | -8.38% | +0.14B |
| 2024-03-31 | $3.68B | 240 | +24.48% | +29.62% | -5.15% | +0.08B |
| 2023-12-31 | $3.38B | 238 | +20.59% | +26.18% | -5.58% | +0.06B |
| 2023-09-30 | $3.01B | 225 | -3.74% | -3.22% | -0.52% | +0.03B |
| 2023-06-30 | $3.10B | 239 | +10.15% | +8.68% | +1.47% | +0.11B |
| 2023-03-31 | $2.72B | 248 | +3.13% | +7.46% | -4.33% | -0.34B |
| 2022-12-31 | $2.97B | 975 | — | — | — | — |