Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.20%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.38%
baseline attrition
Rally response
-10.21%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PSBDPalmer Square Capital BD | $30M | 14.3% | -19.1% | 1.5 yr |
| IGViShares Expanded Tech-So | $19M | 9.3% | — | 0.3 yr |
| GOOGLAlphabet Inc. | $15M | 7.1% | — | 1.5 yr |
| MSFTMicrosoft Corporation | $14M | 6.8% | -0.6% | 1.5 yr |
| SCHWThe Charles Schwab Corpo | $14M | 6.6% | +21.5% | 1.5 yr |
| AMZNAmazon.com, Inc. | $10M | 4.6% | +9.5% | 1.5 yr |
| JPMJPMorgan Chase & Co. | $10M | 4.6% | +21.8% | 1.5 yr |
| HOODRobinhood Markets, Inc. | $8M | 4.1% | +66.5% | 0.5 yr |
| NVDANVIDIA Corporation | $8M | 4.0% | +60.9% | 1.5 yr |
| ORCLOracle Corporation | $8M | 3.8% | +5.9% | 1.5 yr |
| CRWDCrowdStrike Holdings, In | $6M | 3.1% | +10.7% | 1.3 yr |
| CRMSalesforce, Inc. | $5M | 2.4% | -30.2% | 1.3 yr |
| APOApollo Global Management | $5M | 2.4% | -17.4% | 0.3 yr |
| LPLALPL Financial Holdings I | $4M | 2.0% | -7.7% | 0.3 yr |
| AAPLApple Inc. | $3M | 1.6% | +14.7% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management26.7%-9.9pp$56M
Software - Infrastructure15.6%+6.8pp$33M
Financial - Capital Markets13.2%+9.7pp$28M
Internet Content & Information8.0%+1.0pp$17M
Semiconductors6.1%+1.6pp$13M
Specialty Retail5.1%-2.3pp$11M
Banks - Diversified5.0%+0.5pp$10M
Software - Application3.1%-0.7pp$6M
Drug Manufacturers - General2.1%-0.0pp$4M
Hardware, Equipment & Parts1.6%+1.2pp$3M
Country
US98.2%+0.0pp
IE0.8%+0.4pp
GB0.5%+0.4pp
TW0.4%+0.3pp
Unknown0.2%+0.1pp
CH0.0%+0.0pp
CN0.0%+0.0pp
Top 5: 44.1% · Top 10: 65.3% · Top 25: 84.8%
Top buys this quarter · 15
| HOOD Robinhood Markets, Inc. | +$8M |
| MSFT Microsoft Corporation | +$7M |
| CRWD CrowdStrike Holdings, Inc. | +$6M |
| APO Apollo Global Management, Inc.new | +$5M |
| SCHW The Charles Schwab Corporation | +$5M |
| LPLA LPL Financial Holdings Inc.new | +$4M |
| MPWR Monolithic Power Systems, Inc.new | +$1M |
| AZN AstraZeneca PLCnew | +$1M |
| AMGN Amgen Inc. | +$1M |
| MTB M&T Bank Corporationnew | +$1M |
Top sells this quarter · 15
| UNP Union Pacific Corporationexit | −$1M |
| UPS United Parcel Service, Inc.exit | −$1M |
| UBER Uber Technologies, Inc.exit | −$1M |
| ABT Abbott Laboratoriesexit | −$1M |
| KR The Kroger Co.exit | −$1M |
| RMD ResMed Inc. | −$1M |
| WCN Waste Connections, Inc.exit | −$1M |
| XYL Xylem Inc.exit | −$1M |
| AWK American Water Works Company, | −$1M |
| PSX Phillips 66 | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $209M | 143 | +6.31% | +17.59% | -11.28% | +0.05B |
| 2025-12-31 | $187M | 157 | +14.72% | +17.72% | -3.00% | +0.01B |
| 2025-09-30 | $177M | 156 | +5.28% | +8.12% | -2.84% | -0.11B |
| 2025-06-30 | $271M | 168 | +16.59% | +10.78% | +5.81% | -0.01B |
| 2025-03-31 | $240M | 180 | -5.47% | -4.27% | -1.20% | +0.02B |
| 2024-12-31 | $232M | 75 | — | — | — | — |