Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.76%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.56%
baseline attrition
Rally response
-5.02%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DRSKAptus Defined Risk ETF | $37M | 5.3% | — | 1.3 yr |
| UOCTInnovator U.S. Equity Ul | $36M | 5.1% | — | 1.0 yr |
| UNOVInnovator U.S. Equity Ul | $36M | 5.1% | — | 1.0 yr |
| UDECInnovator U.S. Equity Ul | $36M | 5.1% | — | 1.0 yr |
| UJANInnovator U.S. Equity Ul | $36M | 5.1% | — | 0.8 yr |
| UFEBInnovator U.S. Equity Ul | $36M | 5.1% | — | 0.8 yr |
| VGSHVanguard Short-Term Trea | $34M | 4.8% | — | 1.3 yr |
| JAAAJanus Henderson AAA CLO | $29M | 4.1% | — | 1.0 yr |
| MBBiShares MBS ETF | $24M | 3.5% | — | 1.3 yr |
| SGOViShares 0-3 Month Treasu | $23M | 3.2% | — | 1.0 yr |
| JUCYAptus Enhanced Yield ETF | $18M | 2.6% | — | 1.3 yr |
| — | $16M | 2.2% | — | 0.3 yr |
| STIPiShares 0-5 Year TIPS Bo | $11M | 1.6% | — | 1.3 yr |
| VEAVanguard FTSE Developed | $9M | 1.3% | — | 1.3 yr |
| SCOProShares - UltraShort B | $9M | 1.2% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management64.5%-7.1pp$452M
Asset Management - Leveraged6.0%-12.6pp$42M
Asset Management - Bonds4.7%+4.0pp$33M
Semiconductors3.7%+2.6pp$26M
Unknown2.2%+2.2pp$16M
Aerospace & Defense1.9%+1.6pp$13M
Banks - Diversified1.6%+1.6pp$11M
Asset Management - Income1.4%+1.2pp$10M
Discount Stores1.3%-0.4pp$9M
Financial - Capital Markets0.8%+0.8pp$6M
Country
US97.7%-2.3pp
Unknown2.2%+2.2pp
SG0.1%
Top 5: 25.8% · Top 10: 46.5% · Top 25: 65.3%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| TRU TransUnionnew | +$1M |
| NOW ServiceNow, Inc. | +$1M |
| EXEL Exelixis, Inc.new | +$1M |
| CHWY Chewy, Inc. | +$1M |
| MSFT Microsoft Corporation | +$3M |
| NBIX Neurocrine Biosciences, Inc. | +$1M |
| MPWR Monolithic Power Systems, Inc. | +$1M |
| FLEX Flex Ltd. | +$1M |
| ABT Abbott Laboratories | +$1M |
| DHI D.R. Horton, Inc. | +$1M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$1M |
| RTX RTX Corporationexit | −$1M |
| FANG Diamondback Energy, Inc. | −$1M |
| AAPL Apple Inc. | −$5M |
| PR Permian Resources Corporation | −$2M |
| LNG Cheniere Energy, Inc. | −$1M |
| XOM Exxon Mobil Corporation | −$2M |
| OKE ONEOK, Inc. | −$1M |
| FOXA Fox Corporation | −$1M |
| SPY State Street SPDR S&P 500 ETF | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $702M | 185 | +35.22% | +3.94% | +31.28% | -0.10B |
| 2025-06-30 | $668M | 296 | +9.71% | +10.78% | -1.06% | -0.07B |
| 2025-03-31 | $676M | 171 | -2.17% | -4.27% | +2.10% | +0.08B |
| 2024-12-31 | $607M | 489 | +5.54% | +2.49% | +3.05% | +0.26B |
| 2024-09-30 | $331M | 292 | — | — | — | — |