Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.66%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.16%
baseline attrition
Rally response
-5.02%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| USFRWisdomTree Floating Rate | $18M | 11.1% | — | 2.5 yr |
| IVViShares Core S&P 500 ETF | $8M | 5.0% | — | 2.5 yr |
| AAPLApple Inc. | $7M | 4.5% | +14.7% | 2.5 yr |
| JPSTJPMorgan Ultra-Short Inc | $7M | 4.1% | — | 2.5 yr |
| NVDANVIDIA Corporation | $6M | 3.9% | +60.9% | 2.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $6M | 3.4% | — | 2.5 yr |
| PDECInnovator U.S. Equity Po | $5M | 3.3% | — | 1.3 yr |
| RSPInvesco S&P 500 Equal We | $5M | 3.0% | — | 2.5 yr |
| DGRWWisdomTree U.S. Quality | $5M | 2.8% | — | 2.5 yr |
| AMZNAmazon.com, Inc. | $4M | 2.7% | +9.5% | 2.5 yr |
| MSFTMicrosoft Corporation | $4M | 2.3% | -0.6% | 2.5 yr |
| — | $3M | 1.7% | — | 1.3 yr |
| GOOGAlphabet Inc. | $3M | 1.7% | +84.3% | 2.5 yr |
| METAMeta Platforms, Inc. | $2M | 1.5% | -0.4% | 2.5 yr |
| GOVTiShares U.S. Treasury Bo | $2M | 1.5% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management53.9%+6.9pp$88M
Asset Management - Income6.5%+0.5pp$11M
Semiconductors5.4%+0.6pp$9M
Consumer Electronics4.5%-0.6pp$7M
Internet Content & Information4.3%+0.3pp$7M
Software - Infrastructure3.2%-0.8pp$5M
Specialty Retail2.9%+0.2pp$5M
Unknown2.5%+0.8pp$4M
Asset Management - Bonds1.7%+0.2pp$3M
Drug Manufacturers - General1.3%-0.7pp$2M
Country
US97.0%-0.5pp
Unknown2.5%+0.8pp
IE0.2%-0.2pp
NL0.1%
TW0.1%
Top 5: 28.6% · Top 10: 43.8% · Top 25: 62.9%
Top buys this quarter · 15
| AMZN Amazon.com, Inc. | +$1M |
| MSFT Microsoft Corporation | +$4M |
| AAPL Apple Inc. | +$1M |
| SNDK Sandisk Corporationnew | +$0M |
| WDC Western Digital Corporationnew | +$0M |
| OTF Blue Owl Technology Finance Co | +$0M |
| GOOG Alphabet Inc. | +$3M |
| META Meta Platforms, Inc. | +$2M |
| AMD Advanced Micro Devices, Inc. | +$0M |
| CGBD Carlyle Secured Lending, Inc. | +$0M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactu | −$1M |
| CELH Celsius Holdings, Inc.exit | −$1M |
| GILD Gilead Sciences, Inc. | −$0M |
| ASML ASML Holding N.V. | −$0M |
| CVX Chevron Corporation | −$0M |
| CSWC Capital Southwest Corporationexit | −$0M |
| PANW Palo Alto Networks, Inc.exit | −$0M |
| GBDC Golub Capital BDC, Inc.exit | −$0M |
| SPGI S&P Global Inc.exit | −$0M |
| BAC Bank of America Corporationexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $163M | 173 | +21.69% | +17.59% | +4.10% | +0.00B |
| 2025-12-31 | $163M | 161 | +19.80% | +17.72% | +2.08% | -0.00B |
| 2025-09-30 | $162M | 161 | +20.52% | +17.52% | +3.01% | -0.00B |
| 2025-06-30 | $148M | 162 | +15.23% | +14.94% | +0.29% | -0.02B |
| 2025-03-31 | $150M | 179 | +3.96% | +8.30% | -4.34% | -0.14B |
| 2024-12-31 | $304M | 365 | +14.89% | +24.89% | -10.00% | +0.00B |
| 2024-09-30 | $294M | 346 | +4.97% | +5.75% | -0.79% | +0.02B |
| 2024-06-30 | $262M | 310 | +0.69% | +4.38% | -3.69% | +0.03B |
| 2024-03-31 | $234M | 306 | +5.81% | +10.39% | -4.58% | +0.10B |
| 2023-12-31 | $130M | 174 | — | — | — | — |