Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.63%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.51%
steady accumulation
Rally response
+5.29%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $17M | 4.0% | — | 2.5 yr |
| QQQInvesco QQQ Trust, Serie | $13M | 3.1% | — | 2.5 yr |
| BBUSJPMorgan BetaBuilders U. | $12M | 2.9% | — | 2.5 yr |
| NVDANVIDIA Corporation | $11M | 2.7% | +60.9% | 2.5 yr |
| GOOGLAlphabet Inc. | $11M | 2.6% | — | 2.5 yr |
| VTVVanguard Value ETF | $9M | 2.1% | — | 2.5 yr |
| MSFTMicrosoft Corporation | $7M | 1.8% | -0.6% | 2.5 yr |
| AVGOBroadcom Inc. | $7M | 1.7% | +86.0% | 2.5 yr |
| MGCVanguard Mega Cap ETF | $7M | 1.7% | — | 2.5 yr |
| AAPLApple Inc. | $7M | 1.6% | +14.7% | 2.5 yr |
| SPYState Street SPDR S&P 50 | $7M | 1.6% | +17.6% | 2.5 yr |
| XLKState Street Technology | $7M | 1.6% | — | 2.5 yr |
| JNJJohnson & Johnson | $6M | 1.4% | +51.5% | 2.5 yr |
| SCHVSchwab U.S. Large-Cap Va | $5M | 1.3% | — | 2.5 yr |
| SCHDSchwab U.S. Dividend Equ | $5M | 1.2% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management41.4%-14.6pp$173M
Semiconductors7.9%+3.4pp$33M
Internet Content & Information3.9%+1.5pp$17M
Software - Infrastructure3.6%+0.2pp$15M
Aerospace & Defense3.3%+2.3pp$14M
Hardware, Equipment & Parts2.4%+2.1pp$10M
Drug Manufacturers - General2.3%+0.9pp$10M
Computer Hardware1.9%+1.6pp$8M
Communication Equipment1.8%+1.4pp$8M
Consumer Electronics1.6%-0.8pp$7M
Country
US98.2%-0.8pp
SG0.8%
Unknown0.3%+0.1pp
IE0.2%-0.1pp
TW0.2%
CA0.1%
CH0.1%-0.1pp
GB0.1%
Top 5: 15.3% · Top 10: 24.2% · Top 25: 40.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $6M | +0.00B | 60.9% |
| AVGO | $2M | +0.00B | 86.0% |
| SPY | $7M | +0.00B | 17.6% |
| WMT | $2M | +0.00B | 42.8% |
| AAPL | $6M | +0.00B | 14.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $6M | -0.00B | -0.6% |
Top buys this quarter · 15
| JNJ Johnson & Johnson | +$4M |
| CAT Caterpillar Inc. | +$4M |
| SNDK Sandisk Corporationnew | +$3M |
| AUGO Aura Mineralsnew | +$2M |
| APH Amphenol Corporation | +$2M |
| IONS Ionis Pharmaceuticals, Inc.new | +$2M |
| ENS EnerSysnew | +$2M |
| SCCO Southern Copper Corporationnew | +$2M |
| INDV Indivior Pharmaceuticals Incnew | +$2M |
| HL Hecla Mining Companynew | +$2M |
Top sells this quarter · 15
| GILD Gilead Sciences, Inc. | −$3M |
| JPM JPMorgan Chase & Co. | −$3M |
| PLTR Palantir Technologies Inc. | −$3M |
| META Meta Platforms, Inc. | −$2M |
| GEV GE Vernova Inc. | −$1M |
| SNEX StoneX Group Inc.exit | −$1M |
| APP AppLovin Corporation | −$1M |
| ASTS AST SpaceMobile, Inc.exit | −$1M |
| VRT Vertiv Holdings Co | −$1M |
| LITE Lumentum Holdings Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $418M | 317 | +28.23% | +17.59% | +10.64% | +0.05B |
| 2025-12-31 | $368M | 277 | +20.43% | +17.72% | +2.71% | +0.04B |
| 2025-09-30 | $324M | 262 | +23.19% | +17.52% | +5.67% | -0.01B |
| 2025-06-30 | $303M | 263 | +17.96% | +14.94% | +3.01% | +0.01B |
| 2025-03-31 | $253M | 246 | +5.57% | +8.30% | -2.74% | +0.04B |
| 2024-12-31 | $224M | 194 | +21.94% | +24.89% | -2.95% | +0.03B |
| 2024-09-30 | $194M | 171 | +4.94% | +5.75% | -0.81% | +0.02B |
| 2024-06-30 | $167M | 146 | +3.33% | +4.38% | -1.05% | +0.03B |
| 2024-03-31 | $136M | 125 | +9.65% | +10.39% | -0.74% | +0.02B |
| 2023-12-31 | $107M | 104 | — | — | — | — |