Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.00%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.25%
baseline attrition
Rally response
-3.68%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $15M | 4.5% | +14.7% | 1.5 yr |
| SCHDSchwab U.S. Dividend Equ | $13M | 4.1% | — | 1.5 yr |
| MSFTMicrosoft Corporation | $13M | 3.9% | -0.6% | 1.5 yr |
| QQQInvesco QQQ Trust, Serie | $10M | 3.0% | — | 1.5 yr |
| BILState Street SPDR Bloomb | $7M | 2.2% | — | 1.5 yr |
| CATCaterpillar Inc. | $7M | 2.1% | +117.8% | 1.3 yr |
| AMZNAmazon.com, Inc. | $6M | 1.8% | +9.5% | 1.5 yr |
| VYMVanguard High Dividend Y | $5M | 1.6% | — | 1.5 yr |
| BRK-BBerkshire Hathaway Inc. | $5M | 1.6% | — | 0.8 yr |
| VTVVanguard Value ETF | $5M | 1.5% | — | 1.5 yr |
| ORealty Income Corporatio | $5M | 1.5% | +11.5% | 1.5 yr |
| ICOWPacer Developed Markets | $4M | 1.3% | — | 0.8 yr |
| QUALiShares MSCI USA Quality | $4M | 1.3% | — | 1.5 yr |
| NVDANVIDIA Corporation | $4M | 1.3% | +60.9% | 1.5 yr |
| MRKMerck & Co., Inc. | $4M | 1.2% | +38.9% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management47.8%-9.0pp$155M
Consumer Electronics4.5%-0.7pp$15M
Software - Infrastructure4.1%+0.8pp$13M
Semiconductors3.5%+1.4pp$11M
Drug Manufacturers - General3.3%+1.3pp$11M
Asset Management - Bonds2.9%-1.3pp$10M
Agricultural - Machinery2.6%$9M
REIT - Retail2.2%-1.4pp$7M
Specialty Retail2.2%+0.0pp$7M
Asset Management - Income1.9%-0.2pp$6M
Country
US98.0%-1.5pp
Unknown1.4%+1.3pp
CA0.2%+0.1pp
TW0.2%
KR0.1%
IE0.1%
UY0.1%
Top 5: 17.7% · Top 10: 26.3% · Top 25: 42.5%
Top buys this quarter · 15
| CHD Church & Dwight Co., Inc.new | +$1M |
| LMT Lockheed Martin Corporation | +$0M |
| XEL Xcel Energy Inc.new | +$0M |
| MCK McKesson Corporationnew | +$0M |
| TSLA Tesla, Inc. | +$0M |
| AEP American Electric Power Compannew | +$0M |
| RSG Republic Services, Inc.new | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| ORLY O'Reilly Automotive, Inc.new | +$0M |
| ETN Eaton Corporation plcnew | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$2M |
| BOW Bowhead Specialty Holdings Incexit | −$2M |
| AAPL Apple Inc. | −$1M |
| SHEL Shell plcexit | −$1M |
| KNSL Kinsale Capital Group, Inc.exit | −$1M |
| FANG Diamondback Energy, Inc.exit | −$1M |
| BEPC Brookfield Renewable Corporatiexit | −$1M |
| CVX Chevron Corporation | −$2M |
| O Realty Income Corporation | −$0M |
| MSFT Microsoft Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $325M | 267 | +19.39% | +17.59% | +1.80% | -0.13B |
| 2025-12-31 | $465M | 270 | +15.28% | +17.72% | -2.44% | +0.16B |
| 2025-09-30 | $294M | 233 | +8.38% | +8.12% | +0.26% | +0.00B |
| 2025-06-30 | $269M | 220 | +8.36% | +10.78% | -2.42% | +0.04B |
| 2025-03-31 | $212M | 166 | -4.71% | -4.27% | -0.44% | -0.04B |
| 2024-12-31 | $261M | 197 | — | — | — | — |