Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.28%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.68%
baseline attrition
Rally response
-1.11%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QQQInvesco QQQ Trust, Serie | $58M | 6.9% | — | 2.5 yr |
| SPYState Street SPDR S&P 50 | $48M | 5.7% | +17.6% | 2.5 yr |
| DYNFiShares U.S. Equity Fact | $36M | 4.3% | — | 1.5 yr |
| AAPLApple Inc. | $36M | 4.3% | +14.7% | 2.5 yr |
| PVALPutnam Focused Large Cap | $35M | 4.2% | — | 1.5 yr |
| SCHXSchwab U.S. Large-Cap ET | $32M | 3.8% | — | 2.5 yr |
| PULSPGIM Ultra Short Bond ET | $24M | 2.9% | — | 1.8 yr |
| MSFTMicrosoft Corporation | $21M | 2.5% | -0.6% | 2.5 yr |
| GOOGLAlphabet Inc. | $20M | 2.4% | — | 2.5 yr |
| DFIVDimensional - Internatio | $20M | 2.4% | — | 1.5 yr |
| NVDANVIDIA Corporation | $17M | 2.0% | +60.9% | 2.5 yr |
| IVViShares Core S&P 500 ETF | $17M | 2.0% | — | 2.5 yr |
| IWViShares Russell 3000 ETF | $16M | 1.9% | — | 2.5 yr |
| JPMJPMorgan Chase & Co. | $15M | 1.8% | +21.8% | 2.5 yr |
| BRK-BBerkshire Hathaway Inc. | $15M | 1.8% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management65.3%+0.6pp$553M
Consumer Electronics4.3%-0.7pp$36M
Software - Infrastructure3.0%-0.8pp$25M
Internet Content & Information3.0%+0.7pp$25M
Financial - Data & Stock Exchanges2.6%-1.1pp$22M
Banks - Diversified2.6%-0.1pp$22M
Semiconductors2.3%+0.6pp$20M
Insurance - Diversified1.8%-0.1pp$15M
Asset Management - Bonds1.8%+0.9pp$15M
Unknown1.8%$15M
Country
US98.0%-1.6pp
Unknown1.8%
IE0.1%-0.0pp
GB0.1%+0.0pp
CA0.0%-0.0pp
TW0.0%
Top 5: 25.4% · Top 10: 39.4% · Top 25: 62.5%
Top buys this quarter · 15
| AMZN Amazon.com, Inc. | +$3M |
| AAPL Apple Inc. | +$36M |
| BX Blackstone Inc. | +$10M |
| FIG Figma, Inc.new | +$1M |
| MSFT Microsoft Corporation | +$21M |
| JPM JPMorgan Chase & Co. | +$15M |
| BAC Bank of America Corporation | +$1M |
| JNJ Johnson & Johnson | +$1M |
| TSLA Tesla, Inc. | +$0M |
| NVDA NVIDIA Corporation | +$17M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$3M |
| CME CME Group Inc. | −$2M |
| MU Micron Technology, Inc. | −$1M |
| 0HQN.L Cboe Global Markets, Inc. | −$9M |
| DELL Dell Technologies Inc. | −$0M |
| CRWD CrowdStrike Holdings, Inc.exit | −$0M |
| BMY Bristol-Myers Squibb Company | −$0M |
| DIS The Walt Disney Companyexit | −$0M |
| RYAN Ryan Specialty Holdings, Inc. | −$0M |
| SPG Simon Property Group, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $847M | 260 | +15.18% | +17.59% | -2.41% | +0.08B |
| 2025-12-31 | $812M | 232 | +18.09% | +17.72% | +0.37% | +0.05B |
| 2025-09-30 | $745M | 225 | +20.62% | +17.52% | +3.10% | +0.02B |
| 2025-06-30 | $664M | 213 | +18.24% | +14.94% | +3.30% | +0.01B |
| 2025-03-31 | $597M | 201 | +11.48% | +8.30% | +3.17% | +0.03B |
| 2024-12-31 | $585M | 193 | +22.61% | +24.89% | -2.27% | +0.00B |
| 2024-09-30 | $561M | 195 | +6.82% | +5.75% | +1.07% | +0.01B |
| 2024-06-30 | $520M | 182 | +3.81% | +4.38% | -0.57% | -0.01B |
| 2024-03-31 | $510M | 186 | +6.38% | +10.39% | -4.01% | +0.00B |
| 2023-12-31 | $475M | 182 | — | — | — | — |