Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.25%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.63%
baseline attrition
Rally response
-2.94%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FNDXSchwab Fundamental U.S. | $10M | 6.6% | — | 3.5 yr |
| BRK-BBerkshire Hathaway Inc. | $10M | 6.1% | — | 3.5 yr |
| VBILVanguard 0-3 Month Treas | $9M | 5.6% | — | 1.0 yr |
| VTVanguard Total World Sto | $7M | 4.8% | — | 3.5 yr |
| VPLSVanguard Core-Plus Bond | $7M | 4.4% | — | 2.0 yr |
| COPConocoPhillips | $5M | 3.1% | +30.0% | 3.5 yr |
| EBAYeBay Inc. | $4M | 2.8% | +36.3% | 3.5 yr |
| WSMWilliams-Sonoma, Inc. | $4M | 2.5% | +17.1% | 3.5 yr |
| AZOAutoZone, Inc. | $4M | 2.3% | -11.4% | 3.5 yr |
| MCKMcKesson Corporation | $4M | 2.2% | +29.1% | 3.5 yr |
| RTXRTX Corporation | $3M | 2.1% | +48.1% | 3.5 yr |
| VTIVanguard Total Stock Mar | $3M | 2.1% | — | 3.5 yr |
| BILState Street SPDR Bloomb | $3M | 2.0% | — | 3.5 yr |
| AAPLApple Inc. | $3M | 1.9% | +14.7% | 3.5 yr |
| FNDFSchwab Fundamental Inter | $3M | 1.8% | — | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management35.4%+10.0pp$55M
Specialty Retail8.6%-3.4pp$13M
Insurance - Diversified6.6%-2.3pp$10M
Oil & Gas Exploration & Production6.3%+0.8pp$10M
Banks - Regional3.5%-0.2pp$5M
Residential Construction3.0%-1.2pp$5M
Aerospace & Defense2.6%+0.3pp$4M
Medical - Distribution2.2%-2.3pp$4M
Banks - Diversified2.2%-0.5pp$3M
Drug Manufacturers - General2.0%-0.2pp$3M
Country
US97.3%-1.4pp
CA1.2%+0.6pp
IL0.9%
BM0.3%+0.0pp
Unknown0.3%+0.1pp
Top 5: 27.5% · Top 10: 40.4% · Top 25: 66.4%
Top buys this quarter · 15
| MOH Molina Healthcare, Inc.new | +$1M |
| CLMB Climb Global Solutions, Inc. | +$0M |
| YELP Yelp Inc. | +$0M |
| PLOW Douglas Dynamics, Inc. | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$0M |
| BBSI Barrett Business Services, Inc | +$0M |
| XPEL XPEL, Inc. | +$0M |
| PKBK Parke Bancorp, Inc. | +$0M |
| KMI Kinder Morgan, Inc. | +$0M |
| GRBK Green Brick Partners, Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $156M | 107 | +11.65% | +17.59% | -5.94% | -0.01B |
| 2025-12-31 | $170M | 105 | +9.36% | +17.72% | -8.35% | +0.01B |
| 2025-09-30 | $165M | 103 | +10.64% | +17.52% | -6.87% | +0.00B |
| 2025-06-30 | $149M | 100 | +9.50% | +14.94% | -5.44% | -0.00B |
| 2025-03-31 | $148M | 100 | +2.29% | +8.30% | -6.01% | +0.01B |
| 2024-12-31 | $145M | 119 | +14.84% | +24.89% | -10.05% | -0.00B |
| 2024-09-30 | $146M | 118 | +24.81% | +36.04% | -11.23% | -0.01B |
| 2024-06-30 | $143M | 115 | +14.07% | +24.49% | -10.42% | +0.00B |
| 2024-03-31 | $147M | 114 | +23.15% | +29.62% | -6.47% | +0.01B |
| 2023-12-31 | $128M | 108 | +15.93% | +26.18% | -10.25% | -0.00B |
| 2023-09-30 | $122M | 110 | -2.04% | -3.22% | +1.19% | -0.00B |
| 2023-06-30 | $127M | 115 | +4.92% | +8.68% | -3.76% | +0.00B |
| 2023-03-31 | $120M | 112 | +3.54% | +7.46% | -3.92% | -0.01B |
| 2022-12-31 | $124M | 313 | — | — | — | — |