Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.13%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.14%
steady accumulation
Rally response
-18.29%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| XOMExxon Mobil Corporation | $13M | 2.3% | +47.6% | 3.0 yr |
| AVSCAvantis U.S. Small Cap E | $13M | 2.2% | — | 2.5 yr |
| MSFTMicrosoft Corporation | $11M | 1.9% | -0.6% | 3.0 yr |
| QQQMInvesco NASDAQ 100 ETF | $11M | 1.9% | — | 3.0 yr |
| XMHQInvesco S&P MidCap Quali | $10M | 1.8% | — | 2.8 yr |
| MTBASimplify MBS ETF | $10M | 1.7% | — | 0.5 yr |
| SPHQInvesco S&P 500 Quality | $10M | 1.7% | — | 3.0 yr |
| JIIIJanus Henderson Income E | $9M | 1.7% | — | 0.5 yr |
| TLTWiShares 20+ Year Treasur | $9M | 1.7% | — | 1.0 yr |
| AMZNAmazon.com, Inc. | $9M | 1.5% | +9.5% | 3.0 yr |
| SJNKState Street SPDR Bloomb | $9M | 1.5% | — | 1.0 yr |
| BKLNInvesco Senior Loan ETF | $9M | 1.5% | — | 2.8 yr |
| PITVanEck Commodity Strateg | $9M | 1.5% | — | 0.5 yr |
| BKRBaker Hughes Company | $8M | 1.5% | +41.7% | 0.5 yr |
| RSPAInvesco S&P 500 Equal We | $8M | 1.5% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management41.3%+6.1pp$235M
Asset Management - Income6.9%-2.4pp$39M
Semiconductors5.7%+1.8pp$32M
Software - Application3.4%+2.8pp$20M
Asset Management - Bonds2.9%-1.1pp$16M
Oil & Gas Integrated2.8%+1.1pp$16M
Banks - Diversified2.5%+0.4pp$14M
Asset Management - Global2.4%-1.8pp$14M
Engineering & Construction2.3%-0.1pp$13M
Entertainment2.3%$13M
Country
US97.9%+0.4pp
Unknown2.1%+1.5pp
Top 5: 10.0% · Top 10: 18.3% · Top 25: 39.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CRDO | $2M | +0.00B | 133.7% |
| XOM | $5M | +0.00B | 47.6% |
| AMZN | $3M | +0.00B | 9.5% |
| JPM | $0M | +0.00B | 21.8% |
| MSFT | $5M | -0.00B | -0.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $5M | -0.00B | -0.6% |
Top buys this quarter · 15
| ROKU Roku, Inc.new | +$8M |
| AVGO Broadcom Inc. | +$8M |
| CDNS Cadence Design Systems, Inc.new | +$7M |
| LRCX Lam Research Corporationnew | +$7M |
| APP AppLovin Corporationnew | +$7M |
| MOD Modine Manufacturing Companynew | +$5M |
| MSFT Microsoft Corporation | +$5M |
| NFLX Netflix, Inc.new | +$5M |
| NOW ServiceNow, Inc. | +$5M |
| C Citigroup Inc.new | +$4M |
Top sells this quarter · 15
| SLB SLB N.V. | −$9M |
| SPY State Street SPDR S&P 500 ETF | −$7M |
| VRTX Vertex Pharmaceuticals Incorpoexit | −$7M |
| GFS GLOBALFOUNDRIES Inc.exit | −$6M |
| META Meta Platforms, Inc. | −$6M |
| MA Mastercard Incorporatedexit | −$5M |
| VST Vistra Corp.exit | −$5M |
| SCHW The Charles Schwab Corporationexit | −$5M |
| WAB Westinghouse Air Brake Technolexit | −$4M |
| EVR Evercore Inc.exit | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $569M | 175 | +41.21% | +17.59% | +23.62% | -0.01B |
| 2025-12-31 | $550M | 185 | +30.09% | +17.72% | +12.37% | +0.01B |
| 2025-09-30 | $506M | 198 | +24.13% | +17.52% | +6.61% | +0.02B |
| 2025-06-30 | $439M | 190 | +16.27% | +14.94% | +1.33% | +0.01B |
| 2025-03-31 | $370M | 165 | +1.42% | +8.30% | -6.89% | +0.04B |
| 2024-12-31 | $340M | 159 | +12.50% | +24.89% | -12.39% | +0.01B |
| 2024-09-30 | $321M | 155 | +18.73% | +36.04% | -17.31% | +0.03B |
| 2024-06-30 | $279M | 144 | +12.58% | +24.49% | -11.91% | +0.01B |
| 2024-03-31 | $267M | 156 | +7.19% | +10.39% | -3.20% | +0.04B |
| 2023-12-31 | $210M | 134 | +7.64% | +11.64% | -4.00% | +0.00B |
| 2023-09-30 | $193M | 119 | -2.54% | -3.22% | +0.68% | +0.01B |
| 2023-06-30 | $182M | 107 | — | — | — | — |