Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.89%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.29%
baseline attrition
Rally response
-7.19%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CAVACAVA Group, Inc. | $29M | 12.5% | -6.4% | 2.3 yr |
| CGXUCapital Group Internatio | $26M | 10.9% | — | 2.8 yr |
| TCHPT. Rowe Price Blue Chip | $25M | 10.5% | — | 2.8 yr |
| AAPLApple Inc. | $23M | 9.9% | +14.7% | 3.0 yr |
| AVEMAvantis Emerging Markets | $21M | 9.0% | — | 0.8 yr |
| CGDVCapital Group Dividend V | $12M | 5.1% | — | 2.8 yr |
| NVDANVIDIA Corporation | $4M | 1.8% | +60.9% | 2.8 yr |
| MARMarriott International, | $4M | 1.8% | +38.6% | 2.8 yr |
| XOMExxon Mobil Corporation | $4M | 1.5% | +47.6% | 3.0 yr |
| JNJJohnson & Johnson | $3M | 1.4% | +51.5% | 3.0 yr |
| COSTCostco Wholesale Corpora | $3M | 1.3% | +5.9% | 2.8 yr |
| PLTRPalantir Technologies In | $3M | 1.3% | +73.3% | 2.8 yr |
| BRK-BBerkshire Hathaway Inc. | $3M | 1.2% | — | 3.0 yr |
| CGNGCapital Group New Geogra | $3M | 1.2% | — | 1.3 yr |
| CVXChevron Corporation | $3M | 1.1% | +29.2% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management43.7%-10.8pp$103M
Restaurants12.6%$30M
Consumer Electronics9.9%+7.2pp$23M
Drug Manufacturers - General3.0%+1.3pp$7M
Oil & Gas Integrated2.6%+2.2pp$6M
Semiconductors2.2%$5M
Software - Infrastructure2.0%+0.9pp$5M
Travel Lodging1.8%$4M
Internet Content & Information1.6%+1.0pp$4M
Discount Stores1.5%$4M
Country
US98.7%-0.4pp
CO0.9%
NL0.2%
GB0.1%-0.2pp
Top 5: 52.7% · Top 10: 64.3% · Top 25: 79.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| JNJ | $1M | +0.00B | 51.5% |
| AAPL | $2M | +0.00B | 14.7% |
| JPM | $1M | +0.00B | 21.8% |
| GOOG | $0M | +0.00B | 84.3% |
| XOM | $0M | +0.00B | 47.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $0M | -0.00B | -0.6% |
Top buys this quarter · 15
| AAPL Apple Inc. | +$23M |
| JNJ Johnson & Johnson | +$0M |
| AMZN Amazon.com, Inc. | +$0M |
| AZN AstraZeneca PLCnew | +$0M |
| PG The Procter & Gamble Company | +$0M |
| SRE Sempranew | +$0M |
| GOOG Alphabet Inc. | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| CRM Salesforce, Inc. | +$0M |
| NVDA NVIDIA Corporation | +$4M |
Top sells this quarter · 15
| SAIC Science Applications Internati | −$1M |
| AMT American Tower Corporationexit | −$0M |
| NVO Novo Nordisk A/Sexit | −$0M |
| Z Zillow Group, Inc. Class Cexit | −$0M |
| DIS The Walt Disney Company | −$0M |
| MAR Marriott International, Inc. | −$4M |
| CSCO Cisco Systems, Inc. | −$0M |
| T AT&T Inc. | −$1M |
| PNC The PNC Financial Services Gro | −$0M |
| O Realty Income Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $236M | 108 | +5.70% | +17.59% | -11.90% | +0.00B |
| 2025-12-31 | $216M | 104 | -6.56% | +17.72% | -24.28% | +0.00B |
| 2025-09-30 | $209M | 111 | -8.47% | +17.52% | -25.99% | +0.03B |
| 2025-06-30 | $184M | 106 | +5.56% | +14.94% | -9.38% | +0.10B |
| 2025-03-31 | $83M | 79 | +21.66% | +8.30% | +13.36% | -0.07B |
| 2024-12-31 | $165M | 95 | +45.00% | +24.89% | +20.11% | -0.01B |
| 2024-09-30 | $171M | 98 | +62.49% | +36.04% | +26.46% | -0.01B |
| 2024-06-30 | $156M | 94 | +34.25% | +24.49% | +9.75% | -0.01B |
| 2024-03-31 | $144M | 92 | +12.87% | +10.39% | +2.47% | -0.01B |
| 2023-12-31 | $133M | 89 | +12.57% | +11.64% | +0.93% | +0.02B |
| 2023-09-30 | $103M | 83 | -5.19% | -3.22% | -1.97% | +0.00B |
| 2023-06-30 | $109M | 87 | — | — | — | — |