Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+24.61%
adds when stocks drop
when a holding falls −10%+
Middle response
+24.92%
steady accumulation
Rally response
+24.91%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $43M | 28.0% | +17.6% | 1.0 yr |
| EEMiShares MSCI Emerging Ma | $10M | 6.4% | — | 1.5 yr |
| QQQInvesco QQQ Trust, Serie | $9M | 6.0% | — | 1.0 yr |
| XLFState Street Financial S | $9M | 5.6% | — | 1.5 yr |
| PAVEGlobal X - U.S. Infrastr | $6M | 4.2% | — | 1.3 yr |
| VBVanguard Small-Cap ETF | $5M | 3.4% | — | 1.0 yr |
| XLEState Street Energy Sele | $5M | 3.2% | — | 1.3 yr |
| XLKState Street Technology | $5M | 3.1% | — | 1.0 yr |
| VHTVanguard Health Care ETF | $4M | 2.6% | — | 1.0 yr |
| VEUVanguard FTSE All-World | $4M | 2.5% | — | 1.5 yr |
| GSGiShares S&P GSCI Commodi | $4M | 2.4% | — | 1.3 yr |
| FEZState Street SPDR EURO S | $4M | 2.4% | — | 1.5 yr |
| ITBiShares U.S. Home Constr | $3M | 2.2% | — | 1.3 yr |
| SOXXiShares Semiconductor ET | $3M | 2.0% | — | 1.0 yr |
| XLUState Street Utilities S | $3M | 1.7% | — | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management85.8%+3.7pp$131M
Asset Management - Global6.3%-8.7pp$10M
Biotechnology1.3%+1.3pp$2M
Banks - Diversified1.0%$2M
Specialty Retail1.0%$2M
REIT - Healthcare Facilities1.0%-2.0pp$1M
Drug Manufacturers - General0.6%$1M
Internet Content & Information0.6%$1M
Consumer Electronics0.5%$1M
Oil & Gas Midstream0.3%$1M
Country
US99.6%-0.4pp
CA0.3%
AE0.1%
Top 5: 50.2% · Top 10: 64.9% · Top 25: 87.5%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| OPK | $0M | -0.00B | -31.3% |
Top buys this quarter · 15
| GEV GE Vernova Inc.new | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| AAPL Apple Inc. | +$1M |
| GOOGL Alphabet Inc. | +$1M |
| EWY iShares MSCI South Korea ETF | +$0M |
| EEM iShares MSCI Emerging Markets | +$0M |
| ILF iShares Latin America 40 ETFnew | +$0M |
| SOXX iShares Semiconductor ETF | +$0M |
| IBB iShares Biotechnology ETF | +$0M |
| IWM iShares Russell 2000 ETFnew | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$1M |
| UAL United Airlines Holdings, Inc.exit | −$0M |
| CTRE CareTrust REIT, Inc. | −$0M |
| PLTR Palantir Technologies Inc. | −$0M |
| ASHR Xtrackers Harvest CSI 300 Chin | −$0M |
| PAVE Global X - U.S. Infrastructure | −$6M |
| QQQ Invesco QQQ Trust, Series 1 | −$0M |
| SPMO Invesco S&P 500 Momentum ETF | −$0M |
| GSG iShares S&P GSCI Commodity-Ind | −$3M |
| XRT State Street SPDR S&P Retail E | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $153M | 57 | +16.98% | +17.59% | -0.61% | +0.01B |
| 2025-12-31 | $155M | 56 | +38.90% | +17.72% | +21.18% | +0.01B |
| 2025-09-30 | $140M | 53 | +9.05% | +8.12% | +0.93% | -0.00B |
| 2025-06-30 | $131M | 51 | +10.55% | +10.78% | -0.23% | +0.13B |
| 2025-03-31 | $0M | 18 | +12.98% | -4.27% | +17.25% | -0.00B |
| 2024-09-30 | $1M | 35 | — | — | — | — |