Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.20%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.71%
baseline attrition
Rally response
-0.78%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AGGiShares Core U.S. Aggreg | $26M | 9.0% | — | 3.5 yr |
| IVViShares Core S&P 500 ETF | $25M | 8.5% | — | 3.5 yr |
| IJHiShares Core S&P Mid-Cap | $17M | 5.8% | — | 3.5 yr |
| IEIiShares 3-7 Year Treasur | $12M | 4.1% | — | 3.5 yr |
| IGLBiShares 10+ Year Investm | $10M | 3.6% | — | 2.5 yr |
| SHYiShares 1-3 Year Treasur | $8M | 2.8% | — | 3.5 yr |
| AAPLApple Inc. | $8M | 2.8% | +14.7% | 3.5 yr |
| CMICummins Inc. | $8M | 2.7% | +74.8% | 3.5 yr |
| FIFiserv, Inc. | $8M | 2.7% | — | 3.5 yr |
| NVDANVIDIA Corporation | $7M | 2.5% | +60.9% | 3.5 yr |
| GOOGAlphabet Inc. | $7M | 2.2% | +84.3% | 3.5 yr |
| EMXCiShares MSCI Emerging Ma | $6M | 2.1% | — | 2.3 yr |
| MSFTMicrosoft Corporation | $6M | 2.1% | -0.6% | 3.5 yr |
| AVGOBroadcom Inc. | $6M | 1.9% | +86.0% | 3.5 yr |
| AMZNAmazon.com, Inc. | $6M | 1.9% | +9.5% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management49.3%-2.4pp$144M
Asset Management - Bonds8.7%+0.6pp$25M
Semiconductors5.4%+0.8pp$16M
Internet Content & Information3.9%+0.8pp$11M
Drug Manufacturers - General3.7%+0.5pp$11M
Information Technology Services3.0%-1.8pp$9M
Consumer Electronics2.8%-0.1pp$8M
Industrial - Machinery2.7%+0.7pp$8M
Discount Stores2.1%-0.2pp$6M
Software - Infrastructure2.1%-0.5pp$6M
Country
US99.3%+1.4pp
GB0.4%-0.1pp
IE0.4%-1.3pp
Top 5: 31.0% · Top 10: 44.5% · Top 25: 72.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| VRT | $2M | +0.00B | 247.5% |
| NVDA | $6M | +0.00B | 60.9% |
| CMI | $5M | +0.00B | 74.8% |
| AVGO | $4M | +0.00B | 86.0% |
| GOOG | $4M | +0.00B | 84.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $6M | -0.00B | -0.6% |
Top buys this quarter · 15
| URI United Rentals, Inc.new | +$3M |
| 0HQN.L Cboe Global Markets, Inc.new | +$1M |
| COP ConocoPhillips | +$0M |
| CVX Chevron Corporation | +$0M |
| DTE DTE Energy Company | +$0M |
| UNP Union Pacific Corporation | +$0M |
| ABT Abbott Laboratories | +$1M |
| MSFT Microsoft Corporation | +$6M |
| AMZN Amazon.com, Inc. | +$6M |
| MRK Merck & Co., Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $293M | 73 | +27.37% | +17.59% | +9.78% | +0.01B |
| 2025-12-31 | $278M | 67 | +19.29% | +17.72% | +1.57% | -0.01B |
| 2025-09-30 | $278M | 68 | +18.81% | +17.52% | +1.29% | -0.01B |
| 2025-06-30 | $261M | 66 | +13.50% | +14.94% | -1.44% | -0.02B |
| 2025-03-31 | $250M | 66 | +3.96% | +8.30% | -4.35% | +0.01B |
| 2024-12-31 | $257M | 68 | +21.61% | +24.89% | -3.28% | -0.00B |
| 2024-09-30 | $248M | 67 | +29.06% | +36.04% | -6.98% | +0.00B |
| 2024-06-30 | $236M | 68 | +18.68% | +24.49% | -5.82% | -0.00B |
| 2024-03-31 | $232M | 68 | +26.45% | +29.62% | -3.17% | -0.00B |
| 2023-12-31 | $213M | 68 | +18.89% | +26.18% | -7.29% | -0.00B |
| 2023-09-30 | $196M | 68 | -3.29% | -3.22% | -0.06% | -0.00B |
| 2023-06-30 | $205M | 69 | +8.32% | +8.68% | -0.36% | -0.00B |
| 2023-03-31 | $193M | 70 | +3.08% | +7.46% | -4.38% | +0.00B |
| 2022-12-31 | $186M | 69 | — | — | — | — |