Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.38%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.69%
baseline attrition
Rally response
-4.74%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BIVVanguard Intermediate-Te | $31M | 22.7% | — | 1.5 yr |
| VTIVanguard Total Stock Mar | $23M | 17.1% | — | 1.5 yr |
| DFUSDimensional - US Equity | $9M | 6.5% | — | 1.5 yr |
| DFUVDimensional - US Marketw | $8M | 5.8% | — | 1.5 yr |
| DFATDimensional - US Targete | $7M | 5.1% | — | 1.5 yr |
| BNDXVanguard Total Internati | $6M | 4.5% | — | 1.5 yr |
| DFASDimensional - US Small C | $6M | 4.3% | — | 1.5 yr |
| DFARDimensional - US Real Es | $5M | 3.7% | — | 1.5 yr |
| AMZNAmazon.com, Inc. | $4M | 2.9% | +9.5% | 1.5 yr |
| MSFTMicrosoft Corporation | $3M | 2.3% | -0.6% | 1.5 yr |
| COSTCostco Wholesale Corpora | $3M | 2.2% | +5.9% | 1.5 yr |
| TPLTexas Pacific Land Corpo | $3M | 2.1% | +8.1% | 1.5 yr |
| DFACDimensional - US Core Eq | $3M | 2.0% | — | 1.5 yr |
| VTIPVanguard Short-Term Infl | $1M | 1.1% | — | 1.0 yr |
| GOOGAlphabet Inc. | $1M | 1.1% | +84.3% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management55.1%+4.7pp$74M
Asset Management - Bonds27.7%-5.3pp$37M
Specialty Retail2.9%-1.1pp$4M
Software - Infrastructure2.5%-0.6pp$3M
Discount Stores2.2%-0.4pp$3M
Oil & Gas Exploration & Production2.1%-0.9pp$3M
Internet Content & Information1.6%+0.3pp$2M
Asset Management - Leveraged1.1%$1M
Consumer Electronics1.0%-0.2pp$1M
Semiconductors0.5%+0.3pp$1M
Country
US99.6%-0.4pp
TW0.3%
CA0.0%
NL0.0%
Unknown0.0%
GB0.0%
CH0.0%
IE0.0%
Top 5: 57.2% · Top 10: 75.0% · Top 25: 90.9%
Top buys this quarter · 15
| AMD Advanced Micro Devices, Inc. | +$0M |
| CRWV CoreWeave, Inc. Class A Common | +$0M |
| TSLA Tesla, Inc. | +$0M |
| LYEL Lyell Immunopharma, Inc.new | +$0M |
| COST Costco Wholesale Corporation | +$0M |
| NET Cloudflare, Inc. | +$0M |
| SBUX Starbucks Corporation | +$0M |
| TR Tootsie Roll Industries, Inc. | +$0M |
| MMM 3M Companynew | +$0M |
| JCI Johnson Controls Internationalnew | +$0M |
Top sells this quarter · 15
| TPL Texas Pacific Land Corporation | −$2M |
| AMZN Amazon.com, Inc. | −$0M |
| NVDA NVIDIA Corporation | −$0M |
| PLTR Palantir Technologies Inc. | −$0M |
| META Meta Platforms, Inc. | −$0M |
| ACN Accenture plc | −$0M |
| ABT Abbott Laboratories | −$0M |
| AAPL Apple Inc. | −$0M |
| MSFT Microsoft Corporation | −$0M |
| BBAI BigBear.ai Holdings, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $135M | 593 | +15.71% | +17.59% | -1.88% | -0.00B |
| 2025-12-31 | $136M | 589 | +6.97% | +17.72% | -10.75% | -0.00B |
| 2025-09-30 | $138M | 589 | +3.82% | +8.12% | -4.30% | +0.01B |
| 2025-06-30 | $127M | 39 | +10.92% | +10.78% | +0.14% | -0.00B |
| 2025-03-31 | $116M | 33 | -6.96% | -4.27% | -2.70% | +0.01B |
| 2024-12-31 | $120M | 36 | — | — | — | — |