Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.14%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.34%
baseline attrition
Rally response
+5.38%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $245M | 7.0% | — | 1.3 yr |
| VTVVanguard Value ETF | $127M | 3.6% | — | 1.3 yr |
| QQQInvesco QQQ Trust, Serie | $103M | 2.9% | — | 1.3 yr |
| NVDANVIDIA Corporation | $99M | 2.8% | +60.9% | 1.3 yr |
| AAPLApple Inc. | $95M | 2.7% | +14.7% | 1.3 yr |
| GLPIGaming and Leisure Prope | $75M | 2.2% | -6.7% | 1.3 yr |
| SPYState Street SPDR S&P 50 | $65M | 1.9% | +17.6% | 1.3 yr |
| AMZNAmazon.com, Inc. | $61M | 1.7% | +9.5% | 1.3 yr |
| GOOGAlphabet Inc. | $57M | 1.6% | +84.3% | 1.3 yr |
| VEAVanguard FTSE Developed | $44M | 1.3% | — | 1.3 yr |
| MSFTMicrosoft Corporation | $42M | 1.2% | -0.6% | 1.3 yr |
| IVViShares Core S&P 500 ETF | $41M | 1.2% | — | 1.3 yr |
| AVGOBroadcom Inc. | $40M | 1.2% | +86.0% | 1.3 yr |
| IWFiShares Russell 1000 Gro | $37M | 1.1% | — | 1.3 yr |
| SGOViShares 0-3 Month Treasu | $34M | 1.0% | — | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management51.3%-8.0pp$1.79B
Semiconductors7.4%+4.4pp$257M
Asset Management - Bonds4.3%+1.0pp$148M
Internet Content & Information3.2%+0.6pp$110M
Consumer Electronics2.7%+0.6pp$95M
Software - Infrastructure2.7%-0.3pp$93M
REIT - Specialty2.2%-1.6pp$78M
Specialty Retail1.9%+0.7pp$66M
Drug Manufacturers - General1.3%-0.2pp$47M
Discount Stores1.1%+0.4pp$37M
Country
US97.1%-0.7pp
CA0.6%+0.4pp
GB0.4%+0.1pp
Unknown0.4%+0.3pp
IE0.4%-0.3pp
SG0.2%+0.1pp
NL0.2%+0.1pp
TW0.1%+0.0pp
Top 5: 19.2% · Top 10: 27.8% · Top 25: 40.8%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$17M |
| AAPL Apple Inc. | +$11M |
| NVDA NVIDIA Corporation | +$11M |
| CVE Cenovus Energy Inc.new | +$8M |
| PTEN Patterson-UTI Energy, Inc.new | +$8M |
| HPE Hewlett Packard Enterprise Com | +$8M |
| CME CME Group Inc. | +$7M |
| MRVL Marvell Technology, Inc. | +$6M |
| SNDK Sandisk Corporationnew | +$6M |
| MSFT Microsoft Corporation | +$42M |
Top sells this quarter · 15
| WBD Warner Bros. Discovery, Inc. | −$7M |
| MU Micron Technology, Inc. | −$9M |
| M Macy's, Inc.exit | −$4M |
| CRWD CrowdStrike Holdings, Inc. | −$3M |
| KSS Kohl's Corporationexit | −$3M |
| NOW ServiceNow, Inc. | −$2M |
| GOOG Alphabet Inc. | −$49M |
| EMR Emerson Electric Co. | −$2M |
| LRCX Lam Research Corporation | −$10M |
| PANW Palo Alto Networks, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.48B | 1022 | +20.59% | +17.59% | +3.00% | +1.23B |
| 2025-12-31 | $2.32B | 734 | +2.19% | +2.66% | -0.48% | -0.72B |
| 2025-09-30 | $2.97B | 688 | +8.88% | +8.12% | +0.75% | +0.27B |
| 2025-06-30 | $2.48B | 573 | +11.23% | +10.78% | +0.45% | +0.06B |
| 2025-03-31 | $2.17B | 539 | — | — | — | — |