Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.75%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.34%
baseline attrition
Rally response
-3.48%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IJRiShares Core S&P Small-C | $57M | 12.3% | — | 2.3 yr |
| IVViShares Core S&P 500 ETF | $55M | 11.9% | — | 2.3 yr |
| RSPInvesco S&P 500 Equal We | $42M | 9.1% | — | 2.3 yr |
| ARLPAlliance Resource Partne | $33M | 7.0% | +11.9% | 2.0 yr |
| IJHiShares Core S&P Mid-Cap | $29M | 6.2% | — | 2.3 yr |
| IEMGiShares Core MSCI Emergi | $22M | 4.7% | — | 2.3 yr |
| VOOVanguard S&P 500 ETF | $18M | 3.8% | — | 2.3 yr |
| EAGLEagle Capital Select Equ | $18M | 3.8% | — | 2.0 yr |
| JPMJPMorgan Chase & Co. | $13M | 2.9% | +21.8% | 2.3 yr |
| AVUVAvantis U.S. Small Cap V | $10M | 2.2% | — | 1.5 yr |
| CHDNChurchill Downs Incorpor | $10M | 2.1% | -18.8% | 2.3 yr |
| MSFTMicrosoft Corporation | $8M | 1.7% | -0.6% | 2.3 yr |
| IEFAiShares Core MSCI EAFE E | $6M | 1.2% | — | 2.3 yr |
| KOThe Coca-Cola Company | $5M | 1.1% | +9.3% | 2.3 yr |
| BRK-BBerkshire Hathaway Inc. | $5M | 1.1% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management64.9%+4.3pp$301M
Coal7.0%-2.2pp$33M
Banks - Diversified3.4%-0.7pp$16M
Gambling, Resorts & Casinos2.1%+0.5pp$10M
Oil & Gas Integrated1.9%-0.0pp$9M
Software - Infrastructure1.8%-0.7pp$8M
Asset Management - Bonds1.7%+0.4pp$8M
Semiconductors1.4%+0.3pp$6M
Beverages - Non-Alcoholic1.3%-0.4pp$6M
Drug Manufacturers - General1.2%+0.1pp$6M
Country
US99.3%-0.1pp
Unknown0.2%
IE0.2%-0.0pp
CA0.1%-0.0pp
CH0.1%+0.0pp
TW0.0%
Top 5: 46.6% · Top 10: 63.9% · Top 25: 79.0%
Top buys this quarter · 15
| ARLP Alliance Resource Partners, L. | +$1M |
| TJX The TJX Companies, Inc.new | +$0M |
| AMAT Applied Materials, Inc.new | +$0M |
| ZTS Zoetis Inc.new | +$0M |
| NI NiSource Inc.new | +$0M |
| ADI Analog Devices, Inc. | +$0M |
| CME CME Group Inc. | +$0M |
| ABBV AbbVie Inc. | +$0M |
| VZ Verizon Communications Inc. | +$0M |
| CB Chubb Limited | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $463M | 142 | +14.38% | +17.59% | -3.21% | +0.02B |
| 2025-12-31 | $442M | 160 | +13.05% | +17.72% | -4.67% | +0.03B |
| 2025-09-30 | $409M | 144 | +14.22% | +17.52% | -3.30% | +0.02B |
| 2025-06-30 | $365M | 131 | +19.10% | +14.94% | +4.16% | +0.00B |
| 2025-03-31 | $343M | 122 | +16.42% | +8.30% | +8.12% | +0.07B |
| 2024-12-31 | $271M | 129 | +2.46% | +2.49% | -0.03% | -0.14B |
| 2024-09-30 | $403M | 227 | +10.76% | +5.75% | +5.01% | -0.11B |
| 2024-06-30 | $464M | 115 | +3.25% | +4.38% | -1.13% | +0.16B |
| 2024-03-31 | $291M | 161 | — | — | — | — |