Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.07%
baseline attrition
Rally response
+0.16%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JAAAJanus Henderson AAA CLO | $23M | 10.6% | — | 1.5 yr |
| KJANInnovator U.S. Small Cap | $21M | 9.7% | — | 3.3 yr |
| DGROiShares Core Dividend Gr | $16M | 7.4% | — | 4.5 yr |
| FSMBFirst Trust Short Durati | $14M | 6.3% | — | 3.3 yr |
| XMARFT Vest U.S. Equity Enha | $12M | 5.4% | — | 3.3 yr |
| LMBSFirst Trust Low Duration | $11M | 5.1% | — | 4.5 yr |
| IAPRInnovator Intl Developed | $9M | 4.1% | — | 2.0 yr |
| XMLVInvesco S&P MidCap Low V | $8M | 3.8% | — | 4.5 yr |
| IMCGiShares Morningstar Mid- | $8M | 3.7% | — | 2.5 yr |
| FPEFirst Trust Preferred Se | $7M | 3.3% | — | 4.5 yr |
| IVViShares Core S&P 500 ETF | $7M | 3.3% | — | 4.5 yr |
| GSLCGoldman Sachs ActiveBeta | $7M | 3.0% | — | 4.5 yr |
| AIGAmerican International G | $5M | 2.5% | -11.5% | 4.5 yr |
| KNGFT Vest S&P 500 Dividend | $5M | 2.2% | — | 4.3 yr |
| TFLOiShares Treasury Floatin | $4M | 2.0% | — | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management65.4%+0.3pp$143M
Asset Management - Leveraged6.4%-1.7pp$14M
Insurance - Diversified3.1%-1.8pp$7M
Asset Management - Bonds2.5%+0.0pp$6M
Aerospace & Defense2.5%-0.2pp$5M
Asset Management - Income2.3%-0.6pp$5M
Oil & Gas Integrated2.1%+0.6pp$5M
Semiconductors1.9%+1.3pp$4M
Unknown1.7%+0.9pp$4M
Consumer Electronics0.9%+0.2pp$2M
Country
US97.0%-0.6pp
Unknown1.7%+0.9pp
CH0.5%-0.3pp
GB0.3%+0.0pp
CA0.2%+0.0pp
IE0.1%+0.0pp
SG0.1%+0.1pp
TW0.0%+0.0pp
Top 5: 39.4% · Top 10: 59.5% · Top 25: 81.2%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $218M | 588 | +19.20% | +17.59% | +1.61% | -0.01B |
| 2025-12-31 | $218M | 588 | +21.43% | +17.72% | +3.71% | -0.01B |
| 2025-09-30 | $210M | 559 | +15.39% | +17.52% | -2.13% | +0.01B |
| 2025-06-30 | $198M | 505 | +19.79% | +14.94% | +4.85% | +0.00B |
| 2025-03-31 | $188M | 438 | +15.67% | +8.30% | +7.37% | -0.00B |
| 2024-12-31 | $184M | 443 | +18.99% | +24.89% | -5.90% | +0.01B |
| 2024-09-30 | $174M | 446 | +26.64% | +36.04% | -9.40% | +0.00B |
| 2024-06-30 | $158M | 438 | +16.65% | +24.49% | -7.84% | +0.01B |
| 2024-03-31 | $148M | 461 | +22.18% | +29.62% | -7.44% | -0.01B |
| 2023-12-31 | $146M | 463 | +20.90% | +26.18% | -5.28% | +0.02B |
| 2023-09-30 | $113M | 465 | +20.64% | +21.57% | -0.92% | -0.00B |
| 2023-06-30 | $119M | 479 | +13.84% | +19.42% | -5.59% | +0.01B |
| 2023-03-31 | $102M | 392 | -9.13% | -7.82% | -1.31% | +0.00B |
| 2022-12-31 | $95M | 380 | -18.79% | -18.17% | -0.61% | -0.01B |
| 2022-09-30 | $92M | 366 | -6.93% | -4.93% | -2.00% | -0.00B |
| 2022-06-30 | $103M | 360 | -15.48% | -16.11% | +0.63% | +0.01B |