Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.67%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.53%
baseline attrition
Rally response
-7.34%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IUSBiShares Core Universal U | $17M | 8.8% | — | 2.5 yr |
| IVViShares Core S&P 500 ETF | $16M | 8.1% | — | 2.5 yr |
| IVEiShares S&P 500 Value ET | $10M | 5.4% | — | 2.3 yr |
| IVWiShares S&P 500 Growth E | $10M | 4.9% | — | 2.5 yr |
| DYNFiShares U.S. Equity Fact | $10M | 4.9% | — | 2.3 yr |
| IEMGiShares Core MSCI Emergi | $9M | 4.5% | — | 2.5 yr |
| EFViShares MSCI EAFE Value | $8M | 4.0% | — | 2.5 yr |
| GOVTiShares U.S. Treasury Bo | $6M | 3.3% | — | 2.5 yr |
| MUBiShares National Muni Bo | $6M | 3.0% | — | 2.5 yr |
| MBBiShares MBS ETF | $6M | 3.0% | — | 2.5 yr |
| TLHiShares 10-20 Year Treas | $5M | 2.7% | — | 2.5 yr |
| EFGiShares MSCI EAFE Growth | $5M | 2.6% | — | 2.5 yr |
| QUALiShares MSCI USA Quality | $5M | 2.4% | — | 2.5 yr |
| BAIiShares A.I. Innovation | $4M | 2.3% | — | 1.0 yr |
| THROiShares U.S. Thematic Ro | $4M | 2.2% | — | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management70.8%-1.3pp$137M
Asset Management - Bonds16.4%-0.4pp$32M
Industrial - Machinery1.8%+0.2pp$4M
Unknown1.6%+1.3pp$3M
Asset Management - Income1.2%-0.6pp$2M
Software - Infrastructure1.1%+0.2pp$2M
Railroads0.7%-0.1pp$1M
Software - Application0.6%+0.1pp$1M
Computer Hardware0.5%-0.1pp$1M
Internet Content & Information0.5%-0.4pp$1M
Country
US97.9%-1.4pp
Unknown1.6%+1.3pp
AU0.4%
GB0.1%
Top 5: 32.2% · Top 10: 49.9% · Top 25: 76.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GGG | $2M | +0.00B | 2.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| CRM Salesforce, Inc.new | +$1M |
| BHP BHP Group Limitednew | +$1M |
| GILD Gilead Sciences, Inc.new | +$1M |
| VMC Vulcan Materials Companynew | +$1M |
| OSK Oshkosh Corporationnew | +$1M |
| BLD TopBuild Corp.new | +$0M |
| MSFT Microsoft Corporation | +$0M |
| RGTI Rigetti Computing, Inc.new | +$0M |
| ARQQ Arqit Quantum Inc.new | +$0M |
| CRWD CrowdStrike Holdings, Inc. | +$1M |
Top sells this quarter · 15
| GEV GE Vernova Inc. | −$2M |
| ROKU Roku, Inc.exit | −$1M |
| NVDA NVIDIA Corporationexit | −$1M |
| PLTR Palantir Technologies Inc. | −$1M |
| GOOS Canada Goose Holdings Inc.exit | −$1M |
| EL The Estée Lauder Companies Inexit | −$1M |
| UBER Uber Technologies, Inc.exit | −$0M |
| ADBE Adobe Inc.exit | −$0M |
| TOST Toast, Inc.exit | −$0M |
| HIMS Hims & Hers Health, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $194M | 98 | +28.26% | +17.59% | +10.66% | -0.01B |
| 2025-12-31 | $197M | 111 | +20.76% | +17.72% | +3.04% | +0.01B |
| 2025-09-30 | $192M | 108 | +26.54% | +17.52% | +9.03% | -0.00B |
| 2025-06-30 | $181M | 103 | +31.63% | +14.94% | +16.69% | -0.02B |
| 2025-03-31 | $167M | 100 | +8.91% | +8.30% | +0.61% | +0.00B |
| 2024-12-31 | $168M | 97 | +19.13% | +24.89% | -5.76% | -0.00B |
| 2024-09-30 | $167M | 97 | +10.94% | +5.75% | +5.19% | -0.00B |
| 2024-06-30 | $154M | 103 | -2.49% | +4.38% | -6.87% | +0.02B |
| 2024-03-31 | $142M | 91 | +6.43% | +10.39% | -3.96% | +0.01B |
| 2023-12-31 | $124M | 86 | — | — | — | — |