Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.42%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.69%
baseline attrition
Rally response
+3.63%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $94M | 28.7% | — | 4.5 yr |
| QQQInvesco QQQ Trust, Serie | $51M | 15.5% | — | 4.5 yr |
| IJHiShares Core S&P Mid-Cap | $37M | 11.1% | — | 4.5 yr |
| IJRiShares Core S&P Small-C | $22M | 6.6% | — | 4.5 yr |
| CGDVCapital Group Dividend V | $19M | 5.7% | — | 2.3 yr |
| VTVVanguard Value ETF | $13M | 4.0% | — | 4.5 yr |
| VBKVanguard Small-Cap Growt | $9M | 2.8% | — | 4.5 yr |
| XOMExxon Mobil Corporation | $8M | 2.4% | +47.6% | 4.5 yr |
| BRK-BBerkshire Hathaway Inc. | $7M | 2.3% | — | 4.5 yr |
| IWFiShares Russell 1000 Gro | $7M | 2.0% | — | 4.5 yr |
| AAPLApple Inc. | $5M | 1.5% | +14.7% | 4.5 yr |
| VEAVanguard FTSE Developed | $4M | 1.2% | — | 4.5 yr |
| IBMInternational Business M | $3M | 0.9% | -0.1% | 4.5 yr |
| VOTVanguard Mid-Cap Growth | $2M | 0.7% | — | 4.5 yr |
| IWDiShares Russell 1000 Val | $2M | 0.7% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management84.4%-0.4pp$277M
Oil & Gas Integrated2.6%+0.5pp$9M
Insurance - Diversified2.3%-0.6pp$7M
Consumer Electronics1.5%-0.2pp$5M
Semiconductors1.2%+0.3pp$4M
Internet Content & Information1.1%+0.5pp$3M
Information Technology Services1.0%-0.2pp$3M
Software - Infrastructure0.7%-0.1pp$2M
Specialty Retail0.6%+0.1pp$2M
Aerospace & Defense0.5%+0.2pp$2M
Country
US99.9%+0.1pp
GB0.1%-0.0pp
TR0.0%-0.0pp
Top 5: 67.6% · Top 10: 81.2% · Top 25: 91.9%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$1M |
| AMZN Amazon.com, Inc. | +$0M |
| GOOG Alphabet Inc. | +$0M |
| META Meta Platforms, Inc.new | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$0M |
| MSFT Microsoft Corporation | +$2M |
| JPM JPMorgan Chase & Co. | +$1M |
| CVX Chevron Corporation | +$0M |
| ORCL Oracle Corporation | +$0M |
| AAPL Apple Inc. | +$5M |
Top sells this quarter · 15
| ABBV AbbVie Inc.exit | −$0M |
| DIS The Walt Disney Companyexit | −$0M |
| CEG Constellation Energy Corporatiexit | −$0M |
| XOM Exxon Mobil Corporation | −$6M |
| CAT Caterpillar Inc. | −$1M |
| MCD McDonald's Corporation | −$0M |
| VZ Verizon Communications Inc. | −$0M |
| AXP American Express Company | −$0M |
| IJH iShares Core S&P Mid-Cap ETF | −$0M |
| IWF iShares Russell 1000 Growth ET | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $328M | 72 | +18.72% | +17.59% | +1.13% | -0.01B |
| 2025-12-31 | $334M | 74 | +16.60% | +17.72% | -1.12% | -0.00B |
| 2025-09-30 | $325M | 74 | +12.91% | +17.52% | -4.61% | +0.00B |
| 2025-06-30 | $300M | 69 | +11.17% | +14.94% | -3.77% | +0.00B |
| 2025-03-31 | $283M | 67 | +10.37% | +8.30% | +2.07% | -0.01B |
| 2024-12-31 | $297M | 69 | +21.35% | +24.89% | -3.53% | +0.00B |
| 2024-09-30 | $292M | 69 | +25.22% | +36.04% | -10.81% | +0.00B |
| 2024-06-30 | $272M | 64 | +18.03% | +24.49% | -6.46% | -0.00B |
| 2024-03-31 | $264M | 66 | +20.71% | +29.62% | -8.91% | +0.02B |
| 2023-12-31 | $227M | 59 | +13.62% | +26.18% | -12.55% | +0.01B |
| 2023-09-30 | $206M | 54 | +21.72% | +21.57% | +0.15% | +0.01B |
| 2023-06-30 | $197M | 53 | +19.25% | +19.42% | -0.18% | +0.01B |
| 2023-03-31 | $176M | 57 | +3.12% | -7.82% | +10.94% | +0.01B |
| 2022-12-31 | $163M | 56 | -4.09% | -18.17% | +14.08% | +0.01B |
| 2022-09-30 | $140M | 51 | -1.92% | -4.93% | +3.01% | -0.00B |
| 2022-06-30 | $144M | 55 | -7.88% | -16.11% | +8.23% | +0.01B |