Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+20.71%
adds when stocks drop
when a holding falls −10%+
Middle response
+13.69%
steady accumulation
Rally response
+13.42%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $33M | 3.0% | — | 1.5 yr |
| IVViShares Core S&P 500 ETF | $30M | 2.7% | — | 1.5 yr |
| FBCGFidelity Blue Chip Growt | $21M | 1.9% | — | 0.3 yr |
| BARGraniteShares Gold Trust | $20M | 1.8% | — | 1.0 yr |
| CGDVCapital Group Dividend V | $19M | 1.7% | — | 1.0 yr |
| BNDVanguard Total Bond Mark | $18M | 1.6% | — | 1.5 yr |
| SPDWState Street SPDR Portfo | $17M | 1.5% | — | 1.5 yr |
| SMHVanEck Semiconductor ETF | $16M | 1.4% | — | 1.3 yr |
| NVDANVIDIA Corporation | $14M | 1.3% | +60.9% | 1.5 yr |
| DYNFiShares U.S. Equity Fact | $13M | 1.2% | — | 1.5 yr |
| VOVanguard Mid-Cap ETF | $13M | 1.2% | — | 1.5 yr |
| IVWiShares S&P 500 Growth E | $12M | 1.1% | — | 1.5 yr |
| FENIFidelity Enhanced Intern | $12M | 1.1% | — | 0.3 yr |
| MSFTMicrosoft Corporation | $12M | 1.0% | -0.6% | 1.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $12M | 1.0% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management60.4%-1.5pp$673M
Asset Management - Bonds7.1%-1.3pp$79M
Semiconductors3.4%+0.9pp$38M
Drug Manufacturers - General1.9%+0.2pp$21M
Internet Content & Information1.8%-0.4pp$20M
Software - Infrastructure1.5%-0.6pp$17M
Asset Management - Leveraged1.3%+0.3pp$14M
Consumer Electronics1.0%-0.1pp$11M
Oil & Gas Integrated1.0%+0.4pp$11M
Discount Stores1.0%+0.2pp$11M
Country
US97.3%-1.2pp
Unknown0.7%+0.6pp
IE0.4%-0.0pp
GB0.4%
TW0.3%+0.1pp
CA0.3%+0.1pp
CH0.1%-0.1pp
FR0.1%
Top 5: 11.1% · Top 10: 18.1% · Top 25: 33.1%
Top buys this quarter · 15
| XOM Exxon Mobil Corporation | +$3M |
| COST Costco Wholesale Corporation | +$2M |
| NVDA NVIDIA Corporation | +$2M |
| AVGO Broadcom Inc. | +$1M |
| SO The Southern Company | +$1M |
| TMUS T-Mobile US, Inc. | +$1M |
| AZN AstraZeneca PLCnew | +$1M |
| CMI Cummins Inc. | +$1M |
| UNH UnitedHealth Group Incorporate | +$1M |
| GLW Corning Incorporated | +$1M |
Top sells this quarter · 15
| LRCX Lam Research Corporation | −$2M |
| NTES NetEase, Inc.exit | −$1M |
| ORLY O'Reilly Automotive, Inc. | −$1M |
| AMZN Amazon.com, Inc. | −$1M |
| TJX The TJX Companies, Inc. | −$1M |
| WT WisdomTree, Inc.exit | −$1M |
| WMT Walmart Inc. | −$7M |
| ZTS Zoetis Inc.exit | −$1M |
| EQIX Equinix, Inc.exit | −$1M |
| NEE NextEra Energy, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.11B | 670 | +23.41% | +17.59% | +5.81% | +0.27B |
| 2025-12-31 | $859M | 564 | +23.00% | +17.72% | +5.28% | +0.27B |
| 2025-09-30 | $580M | 473 | +9.29% | +8.12% | +1.16% | +0.09B |
| 2025-06-30 | $450M | 378 | +12.73% | +10.78% | +1.95% | +0.13B |
| 2025-03-31 | $281M | 281 | -2.20% | -4.27% | +2.06% | +0.03B |
| 2024-12-31 | $258M | 228 | — | — | — | — |