Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.20%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.60%
steady accumulation
Rally response
+3.33%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EFAiShares MSCI EAFE ETF | $77M | 12.3% | — | 2.8 yr |
| BRPBRP Group, Inc. | $38M | 6.0% | — | 2.5 yr |
| VTIVanguard Total Stock Mar | $37M | 6.0% | — | 2.8 yr |
| VXUSVanguard Total Internati | $27M | 4.3% | — | 2.8 yr |
| GOOGLAlphabet Inc. | $16M | 2.6% | — | 2.8 yr |
| XOMExxon Mobil Corporation | $15M | 2.4% | +47.6% | 2.8 yr |
| NVDANVIDIA Corporation | $14M | 2.2% | +60.9% | 2.8 yr |
| IWMiShares Russell 2000 ETF | $14M | 2.2% | — | 2.8 yr |
| AAPLApple Inc. | $12M | 2.0% | +14.7% | 2.8 yr |
| ACWIiShares MSCI ACWI ETF | $11M | 1.8% | — | 2.3 yr |
| MSFTMicrosoft Corporation | $10M | 1.6% | -0.6% | 2.8 yr |
| GOOGAlphabet Inc. | $10M | 1.6% | +84.3% | 2.8 yr |
| AMZNAmazon.com, Inc. | $10M | 1.5% | +9.5% | 2.8 yr |
| METAMeta Platforms, Inc. | $6M | 1.0% | -0.4% | 2.8 yr |
| JPMJPMorgan Chase & Co. | $6M | 1.0% | +21.8% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management37.1%+3.2pp$232M
Insurance - Brokers6.1%+5.9pp$38M
Internet Content & Information5.6%+1.5pp$35M
Semiconductors4.2%+0.3pp$27M
Oil & Gas Integrated3.3%+1.4pp$21M
Specialty Retail3.0%+0.0pp$18M
Drug Manufacturers - General2.4%-1.4pp$15M
Software - Application2.4%+0.6pp$15M
Software - Infrastructure2.4%-1.4pp$15M
Banks - Diversified2.3%-0.6pp$14M
Country
US96.4%-0.4pp
CA0.8%+0.7pp
IE0.7%-0.5pp
GB0.6%-0.3pp
Unknown0.4%+0.0pp
DK0.4%+0.3pp
UY0.2%
LU0.1%+0.1pp
Top 5: 31.2% · Top 10: 41.9% · Top 25: 55.5%
Top buys this quarter · 15
| XOM Exxon Mobil Corporation | +$13M |
| GOOG Alphabet Inc. | +$6M |
| HZO MarineMax, Inc. | +$5M |
| TALO Talos Energy Inc. | +$5M |
| CC The Chemours Company | +$4M |
| SUN Sunoco LP | +$4M |
| B Barrick Mining Corporationnew | +$2M |
| ET Energy Transfer LP | +$2M |
| NVO Novo Nordisk A/S | +$2M |
| HRTG Heritage Insurance Holdings, I | +$1M |
Top sells this quarter · 15
| EXAS Exact Sciences Corporationexit | −$1M |
| MAR Marriott International, Inc. | −$1M |
| LRCX Lam Research Corporation | −$0M |
| M Macy's, Inc. | −$0M |
| TSLA Tesla, Inc. | −$0M |
| UPS United Parcel Service, Inc. | −$0M |
| HD The Home Depot, Inc. | −$0M |
| BUD Anheuser-Busch InBev SA/NV | −$0M |
| DVN Devon Energy Corporation | −$0M |
| KMX CarMax, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $624M | 1328 | +14.42% | +17.59% | -3.17% | +0.12B |
| 2025-12-31 | $528M | 1206 | +15.81% | +17.72% | -1.90% | +0.03B |
| 2025-09-30 | $485M | 1176 | +16.69% | +17.52% | -0.82% | +0.18B |
| 2025-06-30 | $289M | 1329 | +16.65% | +14.94% | +1.71% | +0.03B |
| 2025-03-31 | $236M | 736 | +6.44% | +8.30% | -1.86% | -0.11B |
| 2024-12-31 | $357M | 772 | +18.07% | +24.89% | -6.81% | -0.01B |
| 2024-09-30 | $355M | 727 | +28.64% | +36.04% | -7.40% | -0.02B |
| 2024-06-30 | $352M | 941 | +0.62% | +4.38% | -3.76% | +0.07B |
| 2024-03-31 | $279M | 940 | +7.76% | +10.39% | -2.63% | +0.04B |
| 2023-12-31 | $226M | 697 | +11.87% | +11.64% | +0.23% | +0.02B |
| 2023-09-30 | $187M | 674 | — | — | — | — |