Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.23%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.50%
baseline attrition
Rally response
-7.68%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QQQInvesco QQQ Trust, Serie | $26M | 14.3% | — | 2.5 yr |
| SPYState Street SPDR S&P 50 | $17M | 9.1% | +17.6% | 2.5 yr |
| GNRState Street SPDR S&P Gl | $15M | 8.2% | — | 2.5 yr |
| FBNDFidelity Total Bond ETF | $9M | 4.8% | — | 2.5 yr |
| IWBiShares Russell 1000 ETF | $6M | 3.2% | — | 2.5 yr |
| IHDGWisdomTree International | $4M | 2.3% | — | 2.5 yr |
| IJHiShares Core S&P Mid-Cap | $4M | 2.1% | — | 2.5 yr |
| SCHDSchwab U.S. Dividend Equ | $4M | 2.1% | — | 2.5 yr |
| MINTPIMCO Enhanced Short Mat | $4M | 1.9% | — | 2.5 yr |
| MBBiShares MBS ETF | $3M | 1.9% | — | 2.5 yr |
| HSCZiShares Currency Hedged | $3M | 1.8% | — | 2.5 yr |
| SCHBSchwab U.S. Broad Market | $3M | 1.7% | — | 2.5 yr |
| AAPLApple Inc. | $3M | 1.5% | +14.7% | 2.5 yr |
| SDYState Street SPDR S&P Di | $3M | 1.4% | — | 2.5 yr |
| JEPIJPMorgan Equity Premium | $3M | 1.4% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management61.0%+0.6pp$112M
Asset Management - Global8.3%+4.5pp$15M
Asset Management - Bonds6.0%+1.1pp$11M
Asset Management - Income2.1%+0.7pp$4M
Asset Management - Leveraged1.9%+0.5pp$4M
Semiconductors1.6%-0.6pp$3M
Banks - Regional1.6%+0.7pp$3M
Consumer Electronics1.5%-1.2pp$3M
Software - Infrastructure1.3%-1.0pp$2M
Drug Manufacturers - General1.2%-0.7pp$2M
Country
US99.2%+0.5pp
CH0.3%+0.1pp
IE0.2%-0.4pp
CA0.1%+0.0pp
GB0.1%-0.2pp
BM0.0%+0.0pp
SG0.0%+0.0pp
ES0.0%+0.0pp
Top 5: 39.7% · Top 10: 50.0% · Top 25: 68.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SPY | $16M | +0.00B | 17.6% |
| AAPL | $7M | +0.00B | 14.7% |
| NVDA | $1M | +0.00B | 60.9% |
| ECBK | $2M | +0.00B | 10.4% |
| TSLA | $0M | +0.00B | 43.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $4M | -0.00B | -0.6% |
Top buys this quarter · 15
| COST Costco Wholesale Corporation | +$0M |
| V Visa Inc. | +$0M |
| GOOG Alphabet Inc. | +$0M |
| MTD Mettler-Toledo International I | +$0M |
| CME CME Group Inc. | +$0M |
| TSLA Tesla, Inc. | +$2M |
| IDXX IDEXX Laboratories, Inc. | +$0M |
| MSFT Microsoft Corporation | +$2M |
| NVDA NVIDIA Corporation | +$0M |
| ADP Automatic Data Processing, Inc | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$0M |
| AAPL Apple Inc. | −$0M |
| JPM JPMorgan Chase & Co. | −$0M |
| MAR Marriott International, Inc. | −$0M |
| ADI Analog Devices, Inc. | −$0M |
| XYL Xylem Inc. | −$0M |
| PG The Procter & Gamble Company | −$0M |
| GD General Dynamics Corporation | −$0M |
| GWW W.W. Grainger, Inc. | −$0M |
| CEG Constellation Energy Corporati | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $184M | 1065 | +15.62% | +17.59% | -1.97% | +0.01B |
| 2025-12-31 | $182M | 1022 | +14.08% | +17.72% | -3.64% | -0.09B |
| 2025-09-30 | $268M | 1062 | +13.55% | +17.52% | -3.97% | -0.00B |
| 2025-06-30 | $253M | 1088 | +12.97% | +14.94% | -1.97% | -0.01B |
| 2025-03-31 | $244M | 1110 | +6.30% | +8.30% | -2.00% | +0.00B |
| 2024-12-31 | $253M | 1184 | +20.22% | +24.89% | -4.66% | -0.00B |
| 2024-09-30 | $253M | 1209 | +6.97% | +5.75% | +1.22% | +0.01B |
| 2024-06-30 | $229M | 1228 | +2.51% | +4.38% | -1.87% | +0.01B |
| 2024-03-31 | $210M | 1140 | +7.69% | +10.39% | -2.71% | -0.02B |
| 2023-12-31 | $210M | 1141 | — | — | — | — |