Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.66%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.98%
baseline attrition
Rally response
-1.63%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LECOLincoln Electric Holding | $157M | 36.9% | +33.0% | 3.5 yr |
| BILState Street SPDR Bloomb | $37M | 8.7% | — | 3.5 yr |
| CDXSimplify High Yield ETF | $16M | 3.8% | — | 2.8 yr |
| STIPiShares 0-5 Year TIPS Bo | $14M | 3.2% | — | 2.3 yr |
| GLDSPDR Gold Shares | $11M | 2.7% | — | 3.3 yr |
| TUASimplify Short Term Trea | $8M | 1.9% | — | 1.3 yr |
| IPKWInvesco International Bu | $6M | 1.4% | — | 2.0 yr |
| WTBNWisdomTree Bianco Total | $6M | 1.4% | — | 1.8 yr |
| EMBiShares J.P. Morgan USD | $6M | 1.3% | — | 1.3 yr |
| XOMExxon Mobil Corporation | $6M | 1.3% | +47.6% | 3.5 yr |
| SPHQInvesco S&P 500 Quality | $5M | 1.2% | — | 2.3 yr |
| IAUiShares Gold Trust | $5M | 1.2% | — | 1.3 yr |
| AGGAEA Astoria Dynamic Core | $4M | 1.0% | — | 0.3 yr |
| JPMJPMorgan Chase & Co. | $4M | 0.9% | +21.8% | 3.5 yr |
| WMTWalmart Inc. | $4M | 0.9% | +42.8% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management39.9%-0.4pp$170M
Manufacturing - Tools & Accessories36.9%+1.3pp$157M
Asset Management - Leveraged1.9%-0.1pp$8M
Drug Manufacturers - General1.8%+0.1pp$8M
Semiconductors1.4%+0.6pp$6M
Oil & Gas Integrated1.4%+0.3pp$6M
Aerospace & Defense1.3%+0.7pp$5M
Banks - Diversified1.2%+0.4pp$5M
Software - Infrastructure1.2%+0.1pp$5M
Internet Content & Information1.1%+0.0pp$4M
Country
US99.4%+0.4pp
IE0.3%-0.2pp
CH0.1%-0.0pp
Unknown0.1%-0.0pp
CN0.0%-0.0pp
CA0.0%+0.0pp
Top 5: 55.3% · Top 10: 62.6% · Top 25: 75.0%
Top buys this quarter · 15
| MS Morgan Stanley | +$1M |
| WFC Wells Fargo & Companynew | +$1M |
| WMT Walmart Inc. | +$1M |
| AAPL Apple Inc. | +$1M |
| PLTR Palantir Technologies Inc. | +$0M |
| TSLA Tesla, Inc. | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| GS The Goldman Sachs Group, Inc. | +$0M |
| CW Curtiss-Wright Corporation | +$0M |
| TJX The TJX Companies, Inc. | +$0M |
Top sells this quarter · 15
| LECO Lincoln Electric Holdings, Inc | −$9M |
| T AT&T Inc. | −$2M |
| AXTI AXT, Inc. | −$1M |
| COST Costco Wholesale Corporation | −$2M |
| PM Philip Morris International In | −$1M |
| SPY State Street SPDR S&P 500 ETF | −$1M |
| MO Altria Group, Inc.exit | −$1M |
| XOM Exxon Mobil Corporation | −$5M |
| MA Mastercard Incorporated | −$1M |
| GOOG Alphabet Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $426M | 140 | +30.64% | +17.59% | +13.05% | -0.02B |
| 2025-12-31 | $434M | 149 | +27.10% | +17.72% | +9.38% | -0.00B |
| 2025-09-30 | $425M | 145 | +23.17% | +17.52% | +5.65% | -0.01B |
| 2025-06-30 | $386M | 142 | +13.97% | +14.94% | -0.97% | -0.01B |
| 2025-03-31 | $356M | 136 | -16.29% | +8.30% | -24.60% | +0.02B |
| 2024-12-31 | $339M | 139 | -3.26% | +24.89% | -28.14% | -0.01B |
| 2024-09-30 | $347M | 138 | +13.67% | +36.04% | -22.36% | +0.01B |
| 2024-06-30 | $323M | 133 | +2.18% | +24.49% | -22.31% | +0.04B |
| 2024-03-31 | $355M | 123 | +44.41% | +29.62% | +14.79% | +0.02B |
| 2023-12-31 | $289M | 112 | +39.80% | +26.18% | +13.62% | -0.04B |
| 2023-09-30 | $278M | 102 | -6.85% | -3.22% | -3.63% | +0.00B |
| 2023-06-30 | $296M | 102 | +14.27% | +8.68% | +5.59% | -0.00B |
| 2023-03-31 | $260M | 98 | +12.53% | +7.46% | +5.07% | +0.00B |
| 2022-12-31 | $227M | 96 | — | — | — | — |