Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.28%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.07%
baseline attrition
Rally response
-2.42%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| XOMExxon Mobil Corporation | $16M | 4.2% | +47.6% | 2.5 yr |
| AAPLApple Inc. | $12M | 3.2% | +14.7% | 2.5 yr |
| SPYState Street SPDR S&P 50 | $12M | 3.2% | +17.6% | 2.5 yr |
| CVXChevron Corporation | $11M | 2.9% | +29.2% | 2.5 yr |
| ARLPAlliance Resource Partne | $10M | 2.7% | +11.9% | 2.5 yr |
| AVDEAvantis International Eq | $10M | 2.6% | — | 2.0 yr |
| KLACKLA Corporation | $9M | 2.4% | +118.2% | 2.5 yr |
| PULSPGIM Ultra Short Bond ET | $8M | 2.0% | — | 1.0 yr |
| PHParker-Hannifin Corporat | $7M | 2.0% | +48.6% | 2.5 yr |
| ORLYO'Reilly Automotive, Inc | $7M | 1.8% | -3.4% | 2.5 yr |
| OGEOGE Energy Corp. | $6M | 1.7% | +7.5% | 2.5 yr |
| ABBVAbbVie Inc. | $6M | 1.7% | +7.3% | 2.5 yr |
| ABCAmerisourceBergen Corpor | $6M | 1.7% | — | 2.5 yr |
| TNLTravel + Leisure Co. | $6M | 1.6% | +55.0% | 1.3 yr |
| MAMastercard Incorporated | $6M | 1.6% | -8.5% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management15.7%+4.9pp$59M
Oil & Gas Integrated7.4%+0.5pp$28M
Semiconductors4.1%+0.6pp$16M
Drug Manufacturers - General4.0%-1.2pp$15M
Banks - Regional3.5%+1.3pp$13M
Medical - Care Facilities3.4%+1.5pp$13M
Industrial - Machinery3.2%+1.5pp$12M
Consumer Electronics3.2%-0.1pp$12M
Specialty Retail3.2%+0.8pp$12M
Regulated Electric3.0%-0.2pp$11M
Country
US96.5%+1.9pp
IE1.6%+0.1pp
CH1.2%-0.0pp
GB0.4%-0.9pp
Unknown0.2%-1.2pp
CA0.1%
Top 5: 16.1% · Top 10: 26.9% · Top 25: 48.6%
Top buys this quarter · 15
| FHI Federated Hermes, Inc.new | +$5M |
| DELL Dell Technologies Inc.new | +$5M |
| IVZ Invesco Ltd.new | +$5M |
| MCO Moody's Corporationnew | +$4M |
| SBH Sally Beauty Holdings, Inc.new | +$4M |
| CVS CVS Health Corporation | +$3M |
| FTNT Fortinet, Inc.new | +$3M |
| UHS Universal Health Services, Inc | +$2M |
| OKE ONEOK, Inc. | +$1M |
| PG The Procter & Gamble Company | +$1M |
Top sells this quarter · 15
| AVGO Broadcom Inc. | −$7M |
| SYF Synchrony Financialexit | −$5M |
| JHG Janus Henderson Group plcexit | −$4M |
| ORCL Oracle Corporation | −$4M |
| HD The Home Depot, Inc. | −$3M |
| ADP Automatic Data Processing, Inc | −$3M |
| LYFT Lyft, Inc.exit | −$3M |
| PAYX Paychex, Inc.exit | −$2M |
| KLAC KLA Corporation | −$9M |
| LLY Eli Lilly and Company | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $377M | 166 | +18.80% | +17.59% | +1.21% | -0.01B |
| 2025-12-31 | $380M | 160 | +18.01% | +17.72% | +0.29% | +0.02B |
| 2025-09-30 | $358M | 154 | +17.27% | +17.52% | -0.24% | -0.01B |
| 2025-06-30 | $347M | 154 | +19.01% | +14.94% | +4.07% | -0.00B |
| 2025-03-31 | $328M | 154 | +11.59% | +8.30% | +3.29% | +0.00B |
| 2024-12-31 | $320M | 149 | +19.45% | +24.89% | -5.43% | +0.01B |
| 2024-09-30 | $312M | 153 | +8.81% | +5.75% | +3.05% | -0.01B |
| 2024-06-30 | $299M | 153 | +0.47% | +4.38% | -3.91% | +0.01B |
| 2024-03-31 | $291M | 143 | +8.77% | +10.39% | -1.62% | -0.00B |
| 2023-12-31 | $272M | 139 | — | — | — | — |