Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.13%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.23%
baseline attrition
Rally response
-4.58%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FBNDFidelity Total Bond ETF | $11M | 8.1% | — | 2.5 yr |
| MFUSPIMCO RAFI Dynamic Multi | $9M | 6.4% | — | 2.5 yr |
| FELCFidelity Enhanced Large | $6M | 4.9% | — | 1.8 yr |
| SYPRSypris Solutions, Inc. | $6M | 4.7% | +77.0% | 2.5 yr |
| PYLDPIMCO Multisector Bond A | $6M | 4.4% | — | 2.0 yr |
| MFEMPIMCO RAFI Dynamic Multi | $4M | 3.2% | — | 2.5 yr |
| PCQPIMCO California Municip | $3M | 2.6% | — | 2.5 yr |
| AAPLApple Inc. | $3M | 2.2% | +14.7% | 2.5 yr |
| PMLPIMCO Municipal Income F | $3M | 2.1% | — | 0.8 yr |
| MFDXPIMCO RAFI Dynamic Multi | $3M | 2.1% | — | 2.5 yr |
| SLViShares Silver Trust | $3M | 2.0% | — | 2.5 yr |
| ISCFiShares International Sm | $2M | 1.9% | — | 2.5 yr |
| IXUSiShares Core MSCI Total | $2M | 1.9% | — | 2.5 yr |
| SPYState Street SPDR S&P 50 | $2M | 1.8% | +17.6% | 2.5 yr |
| IEFAiShares Core MSCI EAFE E | $2M | 1.6% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management55.3%-0.0pp$74M
Asset Management - Bonds15.0%-2.6pp$20M
Asset Management - Income6.3%+0.1pp$8M
Auto - Parts5.2%+1.1pp$7M
Semiconductors3.3%+2.1pp$4M
Consumer Electronics2.2%+0.1pp$3M
Software - Application1.8%+1.4pp$2M
Internet Content & Information1.8%+0.0pp$2M
Asset Management - Global1.6%+0.1pp$2M
Software - Infrastructure1.1%-0.1pp$1M
Country
US98.3%-0.6pp
TW0.6%+0.4pp
AU0.3%
GB0.2%+0.1pp
IL0.2%-0.2pp
IE0.2%
Unknown0.1%-0.2pp
SE0.1%
Top 5: 28.5% · Top 10: 40.6% · Top 25: 63.1%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $1M | -0.00B | -0.6% |
Top buys this quarter · 15
| CRM Salesforce, Inc. | +$2M |
| AAPL Apple Inc. | +$0M |
| BHP BHP Group Limitednew | +$0M |
| BP BP p.l.c.new | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| XOM Exxon Mobil Corporationnew | +$0M |
| ARES Ares Management Corporationnew | +$0M |
| HCKT The Hackett Group, Inc.new | +$0M |
| RPD Rapid7, Inc.new | +$0M |
| HBIO Harvard Bioscience, Inc.new | +$0M |
Top sells this quarter · 15
| ABT Abbott Laboratoriesexit | −$1M |
| META Meta Platforms, Inc. | −$0M |
| V Visa Inc.exit | −$0M |
| MOD Modine Manufacturing Company | −$1M |
| VZ Verizon Communications Inc.exit | −$0M |
| HON Honeywell International Inc.exit | −$0M |
| MSFT Microsoft Corporation | −$0M |
| SYPR Sypris Solutions, Inc. | −$5M |
| AMZN Amazon.com, Inc. | −$0M |
| NATR Nature's Sunshine Products, Inexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $133M | 141 | +27.77% | +17.59% | +10.18% | +0.00B |
| 2025-12-31 | $133M | 141 | +19.28% | +17.72% | +1.57% | -0.00B |
| 2025-09-30 | $130M | 139 | +16.48% | +17.52% | -1.04% | +0.01B |
| 2025-06-30 | $117M | 133 | +7.33% | +14.94% | -7.61% | +0.00B |
| 2025-03-31 | $102M | 126 | +6.22% | +8.30% | -2.08% | +0.01B |
| 2024-12-31 | $104M | 125 | +5.94% | +24.89% | -18.95% | -0.01B |
| 2024-09-30 | $107M | 129 | -2.06% | +5.75% | -7.81% | +0.00B |
| 2024-06-30 | $107M | 129 | +12.18% | +4.38% | +7.80% | +0.01B |
| 2024-03-31 | $88M | 88 | -6.85% | +10.39% | -17.24% | +0.01B |
| 2023-12-31 | $88M | 90 | — | — | — | — |