Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.33%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.43%
steady accumulation
Rally response
+1.91%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MBINMerchants Bancorp | $1.18B | 57.2% | +17.3% | 0.8 yr |
| DFCFDimensional - Core Fixed | $178M | 8.6% | — | 1.8 yr |
| DFAUDimensional - US Core Eq | $89M | 4.3% | — | 0.8 yr |
| DFICDimensional - Internatio | $77M | 3.8% | — | 0.8 yr |
| DFUSDimensional - US Equity | $66M | 3.2% | — | 2.0 yr |
| DFUVDimensional - US Marketw | $43M | 2.1% | — | 2.0 yr |
| DFASDimensional - US Small C | $39M | 1.9% | — | 2.0 yr |
| DFGXDimensional - Internatio | $37M | 1.8% | — | 0.5 yr |
| DFSDDimensional - Short Dura | $37M | 1.8% | — | 0.8 yr |
| DFEMDimensional - Emerging M | $36M | 1.7% | — | 0.5 yr |
| DFSVDimensional - US Small C | $32M | 1.5% | — | 0.5 yr |
| LLYEli Lilly and Company | $24M | 1.2% | +12.2% | 2.0 yr |
| DFATDimensional - US Targete | $23M | 1.1% | — | 1.0 yr |
| DUHPDimensional - US High Pr | $21M | 1.0% | — | 0.3 yr |
| DFAXDimensional - World ex U | $18M | 0.9% | — | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional57.3%+56.6pp$1.18B
Asset Management29.5%-8.0pp$607M
Asset Management - Income8.6%+6.9pp$178M
Drug Manufacturers - General1.4%-24.2pp$29M
Asset Management - Bonds0.6%$12M
Asset Management - Global0.5%+0.2pp$10M
Consumer Electronics0.3%-7.6pp$7M
Semiconductors0.2%-0.5pp$3M
Discount Stores0.2%-0.1pp$3M
Software - Infrastructure0.1%-2.3pp$3M
Country
US99.7%+1.4pp
Unknown0.1%-1.2pp
CH0.1%
IE0.1%
CA0.0%
GB0.0%
TW0.0%
Top 5: 77.2% · Top 10: 86.5% · Top 25: 95.8%
Top buys this quarter · 15
| COST Costco Wholesale Corporation | +$2M |
| AN AutoNation, Inc.new | +$2M |
| JPM JPMorgan Chase & Co. | +$1M |
| WPM Wheaton Precious Metals Corp.new | +$1M |
| APO Apollo Global Management, Inc.new | +$1M |
| TT Trane Technologies plcnew | +$1M |
| T AT&T Inc.new | +$0M |
| MRK Merck & Co., Inc.new | +$0M |
| ALLE Allegion plcnew | +$0M |
| GEV GE Vernova Inc.new | +$0M |
Top sells this quarter · 15
| MBIN Merchants Bancorp | −$934M |
| AMZN Amazon.com, Inc.exit | −$2M |
| APH Amphenol Corporationexit | −$1M |
| ALL The Allstate Corporationexit | −$1M |
| LLY Eli Lilly and Company | −$0M |
| FORA Forian Inc. | −$0M |
| WRB W. R. Berkley Corporationexit | −$0M |
| INTU Intuit Inc.exit | −$0M |
| TSLA Tesla, Inc. | −$0M |
| NVDA NVIDIA Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.06B | 129 | +33.72% | +17.59% | +16.12% | +1.88B |
| 2025-12-31 | $136M | 78 | +5.33% | +17.72% | -12.38% | +0.04B |
| 2025-09-30 | $83M | 68 | -24.74% | +17.52% | -42.25% | -1.26B |
| 2025-06-30 | $1.36B | 131 | -21.16% | +14.94% | -36.10% | +1.30B |
| 2025-03-31 | $72M | 66 | +0.91% | -4.27% | +5.18% | -1.31B |
| 2024-12-31 | $1.37B | 106 | -17.49% | +2.49% | -19.98% | +1.31B |
| 2024-09-30 | $69M | 62 | +3.23% | +5.75% | -2.52% | -0.55B |
| 2024-06-30 | $599M | 98 | — | — | — | — |