Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.61%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.72%
baseline attrition
Rally response
-14.63%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DFICDimensional - Internatio | $123M | 16.5% | — | 3.5 yr |
| SLYVState Street SPDR S&P 60 | $95M | 12.8% | — | 7.3 yr |
| AVLVAvantis U.S. Large Cap V | $91M | 12.3% | — | 3.0 yr |
| SPYGState Street SPDR Portfo | $87M | 11.7% | — | 7.3 yr |
| BIVVanguard Intermediate-Te | $51M | 6.8% | — | 7.3 yr |
| SPIPState Street SPDR Portfo | $30M | 4.0% | — | 7.3 yr |
| VUGVanguard Growth ETF | $29M | 3.9% | — | 7.3 yr |
| AVEMAvantis Emerging Markets | $27M | 3.6% | — | 3.0 yr |
| VTIVanguard Total Stock Mar | $23M | 3.0% | — | 7.3 yr |
| AVDEAvantis International Eq | $22M | 3.0% | — | 4.0 yr |
| EMBiShares J.P. Morgan USD | $18M | 2.4% | — | 7.3 yr |
| VIOVVanguard S&P Small-Cap 6 | $15M | 2.0% | — | 6.0 yr |
| USRTiShares Core U.S. REIT E | $12M | 1.7% | — | 7.3 yr |
| ICSHiShares Ultra Short Dura | $12M | 1.6% | — | 7.3 yr |
| SPTMState Street SPDR Portfo | $8M | 1.0% | — | 7.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management87.3%-0.0pp$648M
Asset Management - Bonds8.5%-0.0pp$63M
Asset Management - Income0.6%$5M
Beverages - Non-Alcoholic0.6%-0.2pp$4M
Regulated Electric0.4%-0.1pp$3M
Drug Manufacturers - General0.4%-0.1pp$3M
Insurance - Diversified0.3%-0.1pp$2M
Oil & Gas Integrated0.2%+0.1pp$2M
Home Improvement0.2%-0.1pp$1M
Discount Stores0.2%+0.0pp$1M
Country
US99.7%-0.2pp
CA0.2%+0.1pp
IE0.1%
Top 5: 60.1% · Top 10: 77.7% · Top 25: 91.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| KO | $4M | +0.00B | 9.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| SO The Southern Company | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| WPM Wheaton Precious Metals Corp.new | +$0M |
| UBSI United Bankshares, Inc.new | +$0M |
| CVX Chevron Corporation | +$0M |
| KGC Kinross Gold Corporationnew | +$0M |
| KMI Kinder Morgan, Inc. | +$0M |
| WMT Walmart Inc. | +$0M |
| MSFT Microsoft Corporation | +$1M |
| NVDA NVIDIA Corporation | +$0M |
Top sells this quarter · 15
| NEE NextEra Energy, Inc. | −$5M |
| AAPL Apple Inc. | −$1M |
| AMGN Amgen Inc. | −$0M |
| TRMK Trustmark Corporationexit | −$0M |
| BLK BlackRock, Inc.exit | −$0M |
| KO The Coca-Cola Company | −$4M |
| HD The Home Depot, Inc. | −$0M |
| GOOG Alphabet Inc. | −$0M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| PG The Procter & Gamble Company | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $742M | 108 | +22.60% | +17.59% | +5.00% | -0.02B |
| 2025-12-31 | $706M | 99 | +15.60% | +17.72% | -2.12% | +0.00B |
| 2025-09-30 | $686M | 103 | +56.48% | +17.52% | +38.96% | +0.02B |
| 2025-06-30 | $621M | 99 | +61.04% | +14.94% | +46.10% | +0.03B |
| 2025-03-31 | $570M | 95 | +62.40% | +8.30% | +54.09% | -0.01B |
| 2024-12-31 | $572M | 95 | +58.23% | +24.89% | +33.35% | -0.22B |
| 2024-09-30 | $569M | 101 | +40.18% | +36.04% | +4.15% | -0.01B |
| 2024-06-30 | $524M | 92 | +28.19% | +24.49% | +3.70% | -0.01B |
| 2024-03-31 | $509M | 94 | +24.02% | +29.62% | -5.61% | -0.20B |
| 2023-12-31 | $713M | 139 | +24.02% | +26.18% | -2.16% | -0.09B |
| 2023-09-30 | $653M | 132 | +12.72% | +21.57% | -8.85% | +0.29B |
| 2023-06-30 | $363M | 78 | +6.64% | +19.42% | -12.79% | +0.07B |
| 2023-03-31 | $295M | 68 | -0.75% | -7.82% | +7.07% | -0.20B |
| 2022-12-31 | $501M | 106 | -4.83% | -18.17% | +13.35% | -0.02B |
| 2022-09-30 | $466M | 104 | -5.23% | -15.51% | +10.28% | +0.02B |
| 2022-06-30 | $470M | 115 | +0.24% | -10.62% | +10.86% | +0.06B |