Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+11.48%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.29%
steady accumulation
Rally response
—
—
when a holding rises +10%+
Top positions · 15
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $34M | 30.4% | — | 0.5 yr |
| BRK-BBerkshire Hathaway Inc. | $20M | 17.6% | — | 0.5 yr |
| VVisa Inc. | $20M | 17.4% | — | 0.5 yr |
| CBNAChain Bridge Bancorp, In | $11M | 9.5% | — | 0.5 yr |
| MAMastercard Incorporated | $9M | 8.0% | — | 0.5 yr |
| SPGIS&P Global Inc. | $5M | 4.5% | — | 0.5 yr |
| HEI-AHEICO Corporation | $3M | 3.1% | — | 0.5 yr |
| RLIRLI Corp. | $2M | 1.8% | — | 0.5 yr |
| MCOMoody's Corporation | $2M | 1.7% | — | 0.5 yr |
| BRK-ABerkshire Hathaway Inc. | $1M | 1.3% | — | 0.5 yr |
| KNSLKinsale Capital Group, I | $1M | 1.2% | — | 0.3 yr |
| IGICInternational General In | $1M | 1.2% | — | 0.3 yr |
| PGRThe Progressive Corporat | $1M | 1.1% | — | 0.5 yr |
| APHAmphenol Corporation | $1M | 0.8% | — | 0.3 yr |
| CBNKCapital Bancorp, Inc. | $1M | 0.5% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information30.4%$34M
Financial - Credit Services25.4%$29M
Insurance - Diversified20.0%$23M
Banks - Regional10.0%$11M
Financial - Data & Stock Exchanges6.2%$7M
Insurance - Property & Casualty4.1%$5M
Aerospace & Defense3.1%$3M
Hardware, Equipment & Parts0.8%$1M
Country
US98.8%
JO1.2%
Top 5: 82.8% · Top 10: 95.2% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 11
| HEI-A HEICO Corporation | +$0M |
| V Visa Inc. | +$20M |
| KNSL Kinsale Capital Group, Inc.new | +$1M |
| IGIC International General Insurancnew | +$1M |
| SPGI S&P Global Inc. | +$1M |
| APH Amphenol Corporationnew | +$1M |
| MCO Moody's Corporation | +$1M |
| MA Mastercard Incorporated | +$9M |
| CBNK Capital Bancorp, Inc.new | +$1M |
| CBNA Chain Bridge Bancorp, Inc. | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $113M | 15 | -10.43% | -4.37% | -6.06% | +0.00B |
| 2025-12-31 | $122M | 12 | — | — | — | — |