Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.79%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.52%
baseline attrition
Rally response
-1.98%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VIGVanguard Dividend Apprec | $28M | 11.6% | — | 1.8 yr |
| VOOVanguard S&P 500 ETF | $23M | 9.7% | — | 1.8 yr |
| VOOVVanguard S&P 500 Value E | $13M | 5.6% | — | 1.8 yr |
| AAPLApple Inc. | $11M | 4.7% | +14.7% | 1.8 yr |
| MSFTMicrosoft Corporation | $10M | 4.1% | -0.6% | 1.8 yr |
| VTVVanguard Value ETF | $10M | 4.1% | — | 1.3 yr |
| NVDANVIDIA Corporation | $10M | 4.0% | +60.9% | 1.8 yr |
| VUGVanguard Growth ETF | $7M | 2.9% | — | 1.8 yr |
| VOVanguard Mid-Cap ETF | $6M | 2.7% | — | 1.8 yr |
| GOOGLAlphabet Inc. | $6M | 2.4% | — | 1.8 yr |
| IEIiShares 3-7 Year Treasur | $5M | 1.9% | — | 1.8 yr |
| SPYState Street SPDR S&P 50 | $4M | 1.8% | +17.6% | 1.8 yr |
| USFRWisdomTree Floating Rate | $4M | 1.5% | — | 1.8 yr |
| — | $3M | 1.3% | — | 1.8 yr |
| FNDXSchwab Fundamental U.S. | $3M | 1.2% | — | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management52.5%+3.1pp$125M
Semiconductors5.5%+1.4pp$13M
Software - Infrastructure4.8%-1.7pp$11M
Consumer Electronics4.7%-0.9pp$11M
Asset Management - Bonds4.4%+3.4pp$11M
Unknown3.8%+0.7pp$9M
Internet Content & Information3.5%+0.6pp$8M
Drug Manufacturers - General2.4%-0.3pp$6M
Banks - Diversified2.4%-0.4pp$6M
Oil & Gas Integrated1.0%-0.1pp$2M
Country
US95.3%-0.7pp
Unknown3.8%+0.7pp
TW0.5%+0.2pp
CH0.3%-0.1pp
CA0.1%-0.1pp
IE0.0%-0.1pp
Top 5: 35.7% · Top 10: 51.8% · Top 25: 69.3%
Top buys this quarter · 15
| TSM Taiwan Semiconductor Manufactu | +$0M |
| AMD Advanced Micro Devices, Inc. | +$0M |
| VRT Vertiv Holdings Conew | +$0M |
| MSI Motorola Solutions, Inc.new | +$0M |
| NOW ServiceNow, Inc. | +$0M |
| ROST Ross Stores, Inc.new | +$0M |
| PGR The Progressive Corporationnew | +$0M |
| ODFL Old Dominion Freight Line, Incnew | +$0M |
| AVGO Broadcom Inc. | +$1M |
| AAPL Apple Inc. | +$11M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$1M |
| MS Morgan Stanleyexit | −$0M |
| DUK Duke Energy Corporation | −$0M |
| MOD Modine Manufacturing Companyexit | −$0M |
| BAC Bank of America Corporation | −$0M |
| STRL Sterling Infrastructure, Inc.exit | −$0M |
| HD The Home Depot, Inc. | −$0M |
| MSFT Microsoft Corporation | −$0M |
| WFC Wells Fargo & Company | −$0M |
| MCD McDonald's Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $239M | 158 | +14.46% | +17.59% | -3.13% | +0.01B |
| 2025-12-31 | $239M | 165 | +14.94% | +17.72% | -2.77% | +0.01B |
| 2025-09-30 | $227M | 154 | +13.83% | +17.52% | -3.69% | +0.02B |
| 2025-06-30 | $194M | 144 | +9.29% | +10.78% | -1.48% | -0.01B |
| 2025-03-31 | $185M | 142 | -5.14% | -4.27% | -0.87% | +0.01B |
| 2024-12-31 | $188M | 106 | +0.93% | +2.49% | -1.56% | +0.00B |
| 2024-09-30 | $182M | 101 | — | — | — | — |