Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.58%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.83%
baseline attrition
Rally response
-3.87%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VEAVanguard FTSE Developed | $16M | 6.1% | — | 2.5 yr |
| VUGVanguard Growth ETF | $13M | 5.2% | — | 2.5 yr |
| VTVVanguard Value ETF | $13M | 4.9% | — | 2.5 yr |
| AVUVAvantis U.S. Small Cap V | $9M | 3.6% | — | 2.5 yr |
| QQQMInvesco NASDAQ 100 ETF | $9M | 3.6% | — | 0.5 yr |
| PTRBPGIM Total Return Bond E | $9M | 3.5% | — | 2.5 yr |
| GLDMSPDR Gold MiniShares Tru | $8M | 3.2% | — | 2.5 yr |
| SLYGState Street SPDR S&P 60 | $8M | 3.0% | — | 2.5 yr |
| VPLSVanguard Core-Plus Bond | $6M | 2.5% | — | 2.3 yr |
| DFAEDimensional - Emerging C | $6M | 2.4% | — | 2.5 yr |
| DFACDimensional - US Core Eq | $6M | 2.3% | — | 2.5 yr |
| VXUSVanguard Total Internati | $6M | 2.3% | — | 2.5 yr |
| SPDWState Street SPDR Portfo | $5M | 2.1% | — | 2.5 yr |
| AVUSAvantis U.S. Equity ETF | $5M | 2.0% | — | 2.5 yr |
| SPTLState Street SPDR Portfo | $5M | 2.0% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management81.1%+2.8pp$206M
Asset Management - Bonds5.4%-0.9pp$14M
Consumer Electronics1.8%-0.1pp$5M
Internet Content & Information1.5%+0.1pp$4M
Semiconductors1.5%-1.1pp$4M
Asset Management - Leveraged1.3%-0.2pp$3M
Unknown1.1%+0.4pp$3M
Auto - Manufacturers0.9%-0.3pp$2M
Asset Management - Income0.8%+0.6pp$2M
Specialty Retail0.8%-0.7pp$2M
Country
US98.6%-0.2pp
Unknown1.1%+0.4pp
CA0.2%+0.1pp
UY0.1%-0.3pp
Top 5: 23.4% · Top 10: 37.9% · Top 25: 64.4%
Top buys this quarter · 15
| INTU Intuit Inc.new | +$0M |
| CAKE The Cheesecake Factory Incorponew | +$0M |
| CCI Crown Castle Inc.new | +$0M |
| AAPL Apple Inc. | +$5M |
| COST Costco Wholesale Corporation | +$0M |
| WMT Walmart Inc. | +$0M |
| AVGO Broadcom Inc. | +$0M |
| TNYA Tenaya Therapeutics, Inc.new | +$0M |
| MSFT Microsoft Corporation | +$2M |
| NEE NextEra Energy, Inc. | +$0M |
Top sells this quarter · 15
| EL The Estée Lauder Companies Inexit | −$0M |
| SOFI SoFi Technologies, Inc.exit | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| TSLA Tesla, Inc. | −$0M |
| MELI MercadoLibre, Inc. | −$0M |
| UNH UnitedHealth Group Incorporate | −$0M |
| TRX.TO TRX Gold Corporation | −$0M |
| PLTR Palantir Technologies Inc. | −$0M |
| TDG TransDigm Group Incorporated | −$0M |
| AVDS Avantis International Small Ca | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $255M | 130 | +33.81% | +17.59% | +16.22% | +0.02B |
| 2025-12-31 | $253M | 129 | +25.16% | +17.72% | +7.45% | +0.02B |
| 2025-09-30 | $224M | 117 | +35.15% | +17.52% | +17.64% | -0.01B |
| 2025-06-30 | $205M | 113 | +25.32% | +14.94% | +10.38% | -0.02B |
| 2025-03-31 | $185M | 105 | +11.90% | +8.30% | +3.60% | +0.03B |
| 2024-12-31 | $179M | 96 | +33.34% | +24.89% | +8.45% | -0.01B |
| 2024-09-30 | $171M | 92 | +6.65% | +5.75% | +0.90% | +0.01B |
| 2024-06-30 | $154M | 89 | +9.36% | +4.38% | +4.99% | -0.01B |
| 2024-03-31 | $153M | 97 | +2.48% | +10.39% | -7.91% | +0.01B |
| 2023-12-31 | $144M | 99 | — | — | — | — |