Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+14.39%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.93%
steady accumulation
Rally response
-3.07%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PHYSSprott Physical Gold Tru | $73M | 10.6% | — | 1.5 yr |
| IEFiShares 7-10 Year Treasu | $73M | 10.5% | — | 1.5 yr |
| SPYState Street SPDR S&P 50 | $60M | 8.7% | +17.6% | 1.5 yr |
| EZUiShares MSCI Eurozone ET | $56M | 8.1% | — | 1.3 yr |
| USCIUnited States Commodity | $33M | 4.8% | — | 1.5 yr |
| RYEInvesco S&P 500 Equal We | $32M | 4.6% | — | 1.5 yr |
| SPEMState Street SPDR Portfo | $28M | 4.0% | — | 1.5 yr |
| COWZPacer US Cash Cows 100 E | $25M | 3.6% | — | 1.5 yr |
| RSPInvesco S&P 500 Equal We | $25M | 3.6% | — | 1.5 yr |
| FEZState Street SPDR EURO S | $18M | 2.6% | — | 1.3 yr |
| XLUState Street Utilities S | $17M | 2.5% | — | 1.5 yr |
| CEFSprott Physical Gold and | $16M | 2.3% | — | 1.5 yr |
| VTVVanguard Value ETF | $13M | 1.9% | — | 1.5 yr |
| XLPState Street Consumer St | $13M | 1.9% | — | 1.5 yr |
| DUHPDimensional - US High Pr | $13M | 1.9% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management74.3%+3.7pp$514M
Asset Management - Bonds12.8%-0.7pp$88M
Software - Infrastructure1.8%+0.2pp$12M
Asset Management - Leveraged1.5%-3.7pp$11M
Consumer Electronics1.3%-0.2pp$9M
Internet Content & Information0.9%+0.3pp$6M
Software - Application0.7%-0.0pp$5M
Semiconductors0.7%+0.2pp$5M
Asset Management - Cryptocurrency0.7%+0.0pp$5M
Medical - Healthcare Plans0.6%+0.5pp$4M
Country
US86.1%-1.0pp
CA13.0%+0.2pp
BR0.4%+0.4pp
AU0.2%+0.2pp
CN0.1%+0.1pp
NL0.1%
DK0.1%
CH0.0%
Top 5: 42.7% · Top 10: 61.2% · Top 25: 81.8%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$3M |
| MSTR Strategy Inc | +$3M |
| CRDO Credo Technology Group Holdingnew | +$2M |
| BMNR Bitmine Immersion Technologiesnew | +$2M |
| VNOM Viper Energy, Inc.new | +$2M |
| TEAM Atlassian Corporationnew | +$1M |
| ORCL Oracle Corporation | +$1M |
| PATH UiPath Inc. | +$1M |
| TIC TIC Solutions, Inc.new | +$1M |
| CSAN Cosan S.A.new | +$1M |
Top sells this quarter · 15
| UUUU Energy Fuels Inc.exit | −$3M |
| JD JD.com, Inc. | −$2M |
| ZGN Ermenegildo Zegna N.V.exit | −$2M |
| AMD Advanced Micro Devices, Inc.exit | −$2M |
| GEO The GEO Group, Inc.exit | −$2M |
| ACHR Archer Aviation Inc.exit | −$2M |
| FTNT Fortinet, Inc.exit | −$2M |
| CRM Salesforce, Inc.exit | −$1M |
| NVO Novo Nordisk A/S | −$1M |
| AEO American Eagle Outfitters, Incexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $692M | 145 | +15.89% | +17.59% | -1.70% | +0.09B |
| 2025-12-31 | $664M | 150 | +17.41% | +17.72% | -0.31% | +0.05B |
| 2025-09-30 | $629M | 155 | +9.81% | +8.12% | +1.68% | +0.04B |
| 2025-06-30 | $533M | 136 | +19.13% | +10.78% | +8.36% | -0.05B |
| 2025-03-31 | $492M | 125 | -8.35% | -4.27% | -4.08% | +0.07B |
| 2024-12-31 | $462M | 118 | — | — | — | — |