Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.25%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.29%
baseline attrition
Rally response
-11.32%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $25M | 10.2% | — | 2.5 yr |
| SCZiShares MSCI EAFE Small- | $19M | 7.7% | — | 2.5 yr |
| SPYState Street SPDR S&P 50 | $18M | 7.5% | +17.6% | 2.5 yr |
| IEFAiShares Core MSCI EAFE E | $16M | 6.4% | — | 2.5 yr |
| BOXXAlpha Architect 1-3 Mont | $14M | 5.6% | — | 2.5 yr |
| PDBCInvesco Optimum Yield Di | $12M | 4.9% | — | 2.5 yr |
| IEMGiShares Core MSCI Emergi | $11M | 4.3% | — | 2.5 yr |
| GLDSPDR Gold Shares | $10M | 4.0% | — | 2.5 yr |
| IGOViShares International Tr | $8M | 3.4% | — | 0.5 yr |
| IJRiShares Core S&P Small-C | $8M | 3.2% | — | 2.5 yr |
| RSSBReturn Stacked Global St | $8M | 3.1% | — | 2.3 yr |
| IAUiShares Gold Trust | $6M | 2.6% | — | 2.5 yr |
| DSMCDistillate Small/Mid Cas | $6M | 2.5% | — | 2.5 yr |
| XLREState Street Real Estate | $6M | 2.4% | — | 2.5 yr |
| AGGiShares Core U.S. Aggreg | $5M | 2.2% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management86.5%+2.0pp$212M
Asset Management - Bonds7.1%-0.7pp$17M
Asset Management - Global0.8%+0.3pp$2M
Semiconductors0.5%-0.0pp$1M
Aerospace & Defense0.4%-0.0pp$1M
Oil & Gas Integrated0.3%-0.0pp$1M
Software - Infrastructure0.3%-0.2pp$1M
Regulated Electric0.3%-0.1pp$1M
Specialty Retail0.3%-0.1pp$1M
Information Technology Services0.3%-0.3pp$1M
Country
US99.6%+0.2pp
CA0.2%-0.2pp
IE0.1%-0.0pp
GB0.1%+0.0pp
TW0.0%+0.0pp
Unknown0.0%-0.0pp
UY0.0%+0.0pp
CH0.0%+0.0pp
Top 5: 37.4% · Top 10: 57.1% · Top 25: 83.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SPY | $28M | +0.00B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| NRG NRG Energy, Inc. | +$0M |
| INTC Intel Corporation | +$0M |
| AMAT Applied Materials, Inc. | +$0M |
| AAPL Apple Inc. | +$1M |
| AXP American Express Company | +$0M |
| AMD Advanced Micro Devices, Inc. | +$0M |
| MELI MercadoLibre, Inc. | +$0M |
| META Meta Platforms, Inc. | +$0M |
| AMZN Amazon.com, Inc. | +$1M |
| ABNB Airbnb, Inc. | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$11M |
| CORZ Core Scientific, Inc.exit | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| MU Micron Technology, Inc. | −$0M |
| WULF TeraWulf Inc. | −$0M |
| FRMI Fermi Inc. Common Stockexit | −$0M |
| NOW ServiceNow, Inc. | −$0M |
| OXY Occidental Petroleum Corporati | −$0M |
| AA Alcoa Corporationexit | −$0M |
| AGIO Agios Pharmaceuticals, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $245M | 708 | +17.94% | +17.59% | +0.35% | +0.02B |
| 2025-12-31 | $228M | 709 | +16.66% | +17.72% | -1.06% | +0.00B |
| 2025-09-30 | $220M | 704 | +17.39% | +17.52% | -0.12% | +0.00B |
| 2025-06-30 | $203M | 608 | +15.31% | +14.94% | +0.37% | +0.01B |
| 2025-03-31 | $175M | 607 | +7.15% | +8.30% | -1.15% | +0.01B |
| 2024-12-31 | $173M | 598 | +22.90% | +24.89% | -1.98% | -0.01B |
| 2024-09-30 | $178M | 554 | +5.99% | +5.75% | +0.23% | +0.00B |
| 2024-06-30 | $168M | 568 | +3.16% | +4.38% | -1.22% | +0.04B |
| 2024-03-31 | $127M | 552 | +9.68% | +10.39% | -0.71% | -0.04B |
| 2023-12-31 | $155M | 539 | — | — | — | — |