Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.24%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.89%
baseline attrition
Rally response
+6.53%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JPMJPMorgan Chase & Co. | $47M | 19.8% | +21.8% | 2.5 yr |
| IWLiShares Russell Top 200 | $35M | 14.6% | — | 2.5 yr |
| GSSTGoldman Sachs Ultra Shor | $15M | 6.4% | — | 0.5 yr |
| XMMOInvesco S&P MidCap Momen | $11M | 4.6% | — | 1.5 yr |
| CGDVCapital Group Dividend V | $10M | 4.0% | — | 1.0 yr |
| BUFRFT Vest Laddered Buffer | $8M | 3.3% | — | 1.8 yr |
| SPTMState Street SPDR Portfo | $8M | 3.3% | — | 2.0 yr |
| BUFGFT Vest Buffered Allocat | $7M | 2.9% | — | 2.5 yr |
| SPYState Street SPDR S&P 50 | $6M | 2.5% | +17.6% | 2.5 yr |
| VIGIVanguard International D | $6M | 2.5% | — | 2.5 yr |
| VTIVanguard Total Stock Mar | $6M | 2.4% | — | 2.3 yr |
| GLDSPDR Gold Shares | $5M | 2.2% | — | 2.3 yr |
| SCHKSchwab 1000 Index ETF | $5M | 1.9% | — | 0.5 yr |
| IEFiShares 7-10 Year Treasu | $4M | 1.8% | — | 2.3 yr |
| VOVanguard Mid-Cap ETF | $4M | 1.6% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management60.1%+4.3pp$142M
Banks - Diversified19.9%-6.4pp$47M
Asset Management - Bonds5.2%+0.8pp$12M
Semiconductors2.5%+2.0pp$6M
Internet Content & Information1.6%+1.1pp$4M
Consumer Electronics1.5%+0.6pp$3M
Software - Infrastructure1.1%+0.4pp$3M
Specialty Retail0.8%+0.2pp$2M
Drug Manufacturers - General0.8%+0.5pp$2M
Beverages - Non-Alcoholic0.7%+0.0pp$2M
Country
US99.2%-0.1pp
Unknown0.4%+0.2pp
CA0.2%-0.0pp
GB0.1%
IE0.1%-0.1pp
Top 5: 49.4% · Top 10: 63.9% · Top 25: 83.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| JPM | $52M | +0.01B | 21.8% |
| SPY | $7M | +0.00B | 17.6% |
| AVGO | $0M | +0.00B | 86.0% |
| AAPL | $2M | +0.00B | 14.7% |
| NVDA | $0M | +0.00B | 60.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $1M | -0.00B | -0.6% |
Top buys this quarter · 15
| BFST Business First Bancshares, Incnew | +$1M |
| Q Qnity Electronics, Inc.new | +$0M |
| NEE NextEra Energy, Inc.new | +$0M |
| C Citigroup Inc.new | +$0M |
| MRK Merck & Co., Inc.new | +$0M |
| AMAT Applied Materials, Inc.new | +$0M |
| PM Philip Morris International Innew | +$0M |
| INTC Intel Corporationnew | +$0M |
| LRCX Lam Research Corporationnew | +$0M |
| TPL Texas Pacific Land Corporation | +$0M |
Top sells this quarter · 15
| DIBS 1stdibs.Com, Inc. | −$1M |
| VNCE Vince Holding Corp. | −$1M |
| TOI The Oncology Institute, Inc.exit | −$1M |
| AON Aon plcexit | −$0M |
| TALK Talkspace, Inc.exit | −$0M |
| AAPL Apple Inc. | −$0M |
| CMPS COMPASS Pathways plcexit | −$0M |
| BAC Bank of America Corporationexit | −$0M |
| HD The Home Depot, Inc.exit | −$0M |
| WFC Wells Fargo & Companyexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $237M | 115 | +17.72% | +17.59% | +0.13% | +0.03B |
| 2025-12-31 | $224M | 99 | +29.16% | +17.72% | +11.44% | -0.01B |
| 2025-09-30 | $223M | 98 | +35.21% | +17.52% | +17.69% | -0.02B |
| 2025-06-30 | $217M | 81 | +31.58% | +14.94% | +16.64% | -0.00B |
| 2025-03-31 | $197M | 92 | +18.76% | +8.30% | +10.46% | +0.00B |
| 2024-12-31 | $192M | 89 | +32.13% | +24.89% | +7.25% | +0.01B |
| 2024-09-30 | $168M | 84 | +6.73% | +5.75% | +0.98% | +0.01B |
| 2024-06-30 | $146M | 85 | +1.09% | +4.38% | -3.29% | +0.03B |
| 2024-03-31 | $113M | 69 | +12.84% | +10.39% | +2.45% | +0.03B |
| 2023-12-31 | $75M | 44 | — | — | — | — |