Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.18%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.80%
baseline attrition
Rally response
-2.16%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DFACDimensional - US Core Eq | $96M | 26.1% | — | 2.0 yr |
| DFICDimensional - Internatio | $38M | 10.3% | — | 2.5 yr |
| DFUSDimensional - US Equity | $32M | 8.8% | — | 2.5 yr |
| TFLOiShares Treasury Floatin | $22M | 6.0% | — | 2.5 yr |
| DFAXDimensional - World ex U | $13M | 3.6% | — | 2.5 yr |
| VGSHVanguard Short-Term Trea | $13M | 3.4% | — | 2.5 yr |
| IWFiShares Russell 1000 Gro | $10M | 2.7% | — | 2.5 yr |
| AVUSAvantis U.S. Equity ETF | $9M | 2.4% | — | 2.5 yr |
| DFEMDimensional - Emerging M | $7M | 1.8% | — | 2.5 yr |
| IWDiShares Russell 1000 Val | $6M | 1.7% | — | 2.5 yr |
| VTIVanguard Total Stock Mar | $5M | 1.5% | — | 2.5 yr |
| IEMGiShares Core MSCI Emergi | $5M | 1.4% | — | 1.3 yr |
| AVDEAvantis International Eq | $5M | 1.4% | — | 2.5 yr |
| VNQVanguard Real Estate ETF | $5M | 1.3% | — | 2.5 yr |
| IWSiShares Russell Mid-Cap | $4M | 1.1% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management82.7%-1.5pp$305M
Asset Management - Bonds7.0%+0.6pp$26M
Asset Management - Leveraged4.7%-0.3pp$17M
Oil & Gas Midstream1.1%+0.6pp$4M
Software - Infrastructure0.8%+0.4pp$3M
Consumer Electronics0.7%+0.2pp$3M
Semiconductors0.6%+0.2pp$2M
Banks - Diversified0.5%-0.1pp$2M
Oil & Gas Integrated0.4%-0.5pp$1M
Discount Stores0.2%$1M
Country
US99.7%-0.2pp
GB0.2%+0.0pp
TW0.2%
Top 5: 54.7% · Top 10: 66.8% · Top 25: 81.9%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $1M | -0.00B | -0.6% |
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$2M |
| UNP Union Pacific Corporationnew | +$0M |
| WMT Walmart Inc. | +$0M |
| HD The Home Depot, Inc. | +$0M |
| ALAB Astera Labs, Inc. Common Stocknew | +$0M |
| MU Micron Technology, Inc.new | +$0M |
| ET Energy Transfer LP | +$0M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
| META Meta Platforms, Inc. | +$0M |
| NFLX Netflix, Inc. | +$0M |
Top sells this quarter · 15
| SMC Summit Midstream Corp. | −$3M |
| AAPL Apple Inc. | −$3M |
| PLTR Palantir Technologies Inc.exit | −$0M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| DFAU Dimensional - US Core Equity M | −$0M |
| DFAI Dimensional - International Co | −$0M |
| DFAE Dimensional - Emerging Core Eq | −$0M |
| DFUS Dimensional - US Equity Market | −$0M |
| DFAS Dimensional - US Small Cap ETF | −$1M |
| DFUV Dimensional - US Marketwide Va | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $368M | 117 | +16.36% | +17.59% | -1.23% | +0.00B |
| 2025-12-31 | $363M | 112 | +10.76% | +17.72% | -6.96% | +0.03B |
| 2025-09-30 | $315M | 113 | +10.02% | +17.52% | -7.49% | -0.02B |
| 2025-06-30 | $311M | 115 | +9.00% | +14.94% | -5.95% | +0.02B |
| 2025-03-31 | $283M | 111 | +8.79% | +8.30% | +0.49% | +0.01B |
| 2024-12-31 | $287M | 110 | +22.73% | +24.89% | -2.15% | -0.01B |
| 2024-09-30 | $281M | 107 | +5.07% | +5.75% | -0.68% | +0.00B |
| 2024-06-30 | $267M | 105 | +3.85% | +4.38% | -0.53% | +0.00B |
| 2024-03-31 | $256M | 104 | +8.05% | +10.39% | -2.34% | -0.01B |
| 2023-12-31 | $249M | 109 | — | — | — | — |