Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.33%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.52%
steady accumulation
Rally response
-6.62%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MUSTColumbia Multi-Sector Mu | $22M | 9.5% | — | 1.5 yr |
| USFRWisdomTree Floating Rate | $10M | 4.5% | — | 1.3 yr |
| AAPLApple Inc. | $8M | 3.5% | +14.7% | 1.5 yr |
| IFRAiShares U.S. Infrastruct | $8M | 3.3% | — | 1.5 yr |
| AVEMAvantis Emerging Markets | $8M | 3.3% | — | 1.5 yr |
| AVLCAvantis U.S. Large Cap E | $7M | 3.2% | — | 1.5 yr |
| LVHIFranklin International L | $6M | 2.7% | — | 1.3 yr |
| AMLPAlerian MLP ETF | $6M | 2.6% | — | 1.5 yr |
| AVIVAvantis International La | $5M | 2.3% | — | 1.5 yr |
| IGFiShares Global Infrastru | $5M | 2.2% | — | 1.0 yr |
| AVDVAvantis International Sm | $5M | 2.0% | — | 1.5 yr |
| WMTWalmart Inc. | $5M | 2.0% | +42.8% | 1.5 yr |
| BIZDVanEck BDC Income ETF | $4M | 1.8% | — | 1.5 yr |
| ETHGrayscale Ethereum Mini | $4M | 1.7% | — | 1.5 yr |
| GBTCGrayscale Bitcoin Trust | $4M | 1.7% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management60.7%+3.2pp$139M
Asset Management - Cryptocurrency4.6%-1.5pp$10M
Semiconductors4.5%+1.8pp$10M
Consumer Electronics3.5%+1.9pp$8M
Discount Stores2.1%-0.0pp$5M
Asset Management - Bonds2.0%+0.8pp$5M
Medical - Distribution2.0%+0.1pp$5M
Asset Management - Income1.8%-3.9pp$4M
Software - Infrastructure1.6%-1.7pp$4M
Internet Content & Information1.2%+0.1pp$3M
Country
US95.4%-0.1pp
IE1.2%+0.3pp
GB0.6%-0.2pp
ES0.6%+0.1pp
UY0.5%-0.2pp
TW0.5%
CA0.4%-0.1pp
IN0.4%-0.5pp
Top 5: 24.0% · Top 10: 36.9% · Top 25: 58.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| KLAC | $1M | +0.00B | 118.2% |
| WMT | $4M | +0.00B | 42.8% |
| AVGO | $1M | +0.00B | 86.0% |
| MCK | $2M | +0.00B | 29.1% |
| AAPL | $3M | +0.00B | 14.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$1M |
| VZ Verizon Communications Inc.new | +$1M |
| UMC United Microelectronics Corpornew | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| PBYI Puma Biotechnology, Inc. | +$0M |
| PRLB Proto Labs, Inc. | +$0M |
| FDUS Fidus Investment Corporation | +$0M |
| ARCC Ares Capital Corporation | +$0M |
| CDNS Cadence Design Systems, Inc. | +$0M |
| SF Stifel Financial Corp. | +$1M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactu | −$3M |
| TSLA Tesla, Inc.exit | −$1M |
| RBRK Rubrik, Inc.exit | −$0M |
| WMT Walmart Inc. | −$4M |
| GIL Gildan Activewear Inc.exit | −$0M |
| CRWD CrowdStrike Holdings, Inc.exit | −$0M |
| HL Hecla Mining Companyexit | −$0M |
| SHOP Shopify Inc.exit | −$0M |
| MSFT Microsoft Corporation | −$0M |
| DNOW Dnow Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $230M | 166 | +22.65% | +17.59% | +5.06% | +0.01B |
| 2025-12-31 | $229M | 161 | +23.77% | +17.72% | +6.05% | -0.00B |
| 2025-09-30 | $226M | 153 | +8.12% | +8.12% | +0.00% | -0.02B |
| 2025-06-30 | $226M | 186 | +16.37% | +10.78% | +5.60% | +0.02B |
| 2025-03-31 | $177M | 132 | -2.64% | -4.27% | +1.63% | +0.00B |
| 2024-12-31 | $178M | 135 | — | — | — | — |