Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.46%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.05%
baseline attrition
Rally response
-4.52%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $35M | 4.7% | — | 1.5 yr |
| AAPLApple Inc. | $31M | 4.1% | +14.7% | 1.5 yr |
| MSFTMicrosoft Corporation | $26M | 3.5% | -0.6% | 1.5 yr |
| BNDVanguard Total Bond Mark | $14M | 1.9% | — | 1.5 yr |
| BONDPIMCO Active Bond Exchan | $14M | 1.9% | — | 1.3 yr |
| IUSBiShares Core Universal U | $13M | 1.8% | — | 1.5 yr |
| IEFAiShares Core MSCI EAFE E | $13M | 1.8% | — | 1.5 yr |
| JPMJPMorgan Chase & Co. | $13M | 1.7% | +21.8% | 1.5 yr |
| AVGOBroadcom Inc. | $13M | 1.7% | +86.0% | 1.5 yr |
| CVXChevron Corporation | $12M | 1.7% | +29.2% | 1.5 yr |
| ADIAnalog Devices, Inc. | $12M | 1.6% | +60.2% | 1.5 yr |
| GOOGLAlphabet Inc. | $12M | 1.6% | — | 1.5 yr |
| JNJJohnson & Johnson | $12M | 1.6% | +51.5% | 1.5 yr |
| VOVanguard Mid-Cap ETF | $11M | 1.5% | — | 1.5 yr |
| METAMeta Platforms, Inc. | $10M | 1.4% | -0.4% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management26.0%+6.4pp$192M
Asset Management - Bonds10.7%-0.5pp$79M
Drug Manufacturers - General5.4%+0.3pp$40M
Semiconductors5.1%+2.0pp$38M
Consumer Electronics4.2%-0.2pp$31M
Banks - Diversified3.5%+1.0pp$26M
Software - Infrastructure3.5%-0.5pp$26M
Internet Content & Information3.0%+2.1pp$22M
Industrial - Machinery2.5%+0.3pp$18M
Chemicals - Specialty2.4%-0.6pp$18M
Country
US93.2%+1.2pp
GB2.0%-0.1pp
IE1.0%-0.4pp
CH1.0%-0.1pp
Unknown0.7%-0.1pp
JP0.5%-0.2pp
CA0.4%-0.4pp
NL0.4%
Top 5: 16.1% · Top 10: 24.9% · Top 25: 43.6%
Top buys this quarter · 15
| LLY Eli Lilly and Company | +$5M |
| AZN AstraZeneca PLCnew | +$4M |
| META Meta Platforms, Inc. | +$4M |
| T AT&T Inc.new | +$3M |
| KO The Coca-Cola Company | +$3M |
| PLD Prologis, Inc. | +$3M |
| BAC Bank of America Corporationnew | +$3M |
| PNC The PNC Financial Services Gronew | +$3M |
| ING ING Groep N.V. | +$2M |
| COST Costco Wholesale Corporation | +$2M |
Top sells this quarter · 15
| CCEP Coca-Cola Europacific Partnersexit | −$3M |
| IBM International Business Machine | −$3M |
| LOW Lowe's Companies, Inc. | −$2M |
| CVX Chevron Corporation | −$11M |
| ABBV AbbVie Inc. | −$2M |
| NFLX Netflix, Inc.exit | −$2M |
| SPGI S&P Global Inc. | −$2M |
| KEYS Keysight Technologies, Inc.exit | −$2M |
| IX ORIX Corporationexit | −$2M |
| RBC RBC Bearings Incorporatedexit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $741M | 210 | +9.86% | +17.59% | -7.73% | +0.01B |
| 2025-12-31 | $743M | 220 | +11.60% | +17.72% | -6.12% | -0.01B |
| 2025-09-30 | $744M | 221 | +4.84% | +8.12% | -3.28% | -0.00B |
| 2025-06-30 | $713M | 224 | +4.82% | +10.78% | -5.96% | -0.00B |
| 2025-03-31 | $680M | 224 | +0.29% | -4.27% | +4.55% | -0.01B |
| 2024-12-31 | $692M | 228 | — | — | — | — |