Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-28.75%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.72%
baseline attrition
Rally response
-1.84%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $10M | 9.0% | — | 1.5 yr |
| SPYINeos S&P 500(R) High Inc | $7M | 6.1% | — | 1.0 yr |
| DIAState Street SPDR Dow Jo | $7M | 6.0% | — | 1.5 yr |
| QQQINEOS Nasdaq-100 High Inc | $6M | 5.3% | — | 0.8 yr |
| MSFTMicrosoft Corporation | $6M | 5.2% | -0.6% | 1.5 yr |
| AAPLApple Inc. | $5M | 4.4% | +14.7% | 1.5 yr |
| JPMJPMorgan Chase & Co. | $5M | 3.9% | +21.8% | 1.5 yr |
| MUMicron Technology, Inc. | $3M | 2.9% | +289.6% | 1.0 yr |
| EOSEaton Vance Enhanced Equ | $3M | 2.8% | — | 1.5 yr |
| NVDANVIDIA Corporation | $3M | 2.5% | +60.9% | 1.5 yr |
| AMAntero Midstream Corpora | $3M | 2.5% | +33.3% | 1.5 yr |
| XOMExxon Mobil Corporation | $3M | 2.2% | +47.6% | 1.5 yr |
| SPYState Street SPDR S&P 50 | $3M | 2.2% | +17.6% | 1.5 yr |
| MTZMasTec, Inc. | $2M | 1.9% | +175.7% | 1.5 yr |
| GEVGE Vernova Inc. | $2M | 1.8% | +186.8% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management28.1%-2.6pp$33M
Asset Management - Income9.9%+1.7pp$12M
Semiconductors7.2%+5.3pp$8M
Software - Infrastructure5.2%-2.9pp$6M
Oil & Gas Midstream5.2%-3.0pp$6M
Consumer Electronics4.4%-1.9pp$5M
Banks - Diversified4.3%-0.6pp$5M
Oil & Gas Integrated3.3%+0.5pp$4M
Financial - Capital Markets3.1%+2.5pp$4M
Financial - Credit Services2.9%-0.4pp$3M
Country
US97.8%-0.7pp
CA0.7%
Unknown0.5%-0.5pp
IL0.4%
TW0.2%
IT0.2%
BR0.1%
RU0.0%
Top 5: 31.5% · Top 10: 48.1% · Top 25: 70.4%
Top buys this quarter · 15
| BE Bloom Energy Corporationnew | +$1M |
| KRMN Karman Holdings Inc.new | +$0M |
| STLD Steel Dynamics, Inc.new | +$0M |
| SCCO Southern Copper Corporation | +$0M |
| GOOG Alphabet Inc. | +$0M |
| CVX Chevron Corporation | +$0M |
| ZIM ZIM Integrated Shipping Servic | +$0M |
| CAT Caterpillar Inc.new | +$0M |
| KGS Kodiak Gas Services, Inc. | +$0M |
| MU Micron Technology, Inc. | +$0M |
Top sells this quarter · 15
| KTOS Kratos Defense & Security Soluexit | −$1M |
| AMZN Amazon.com, Inc. | −$1M |
| DAL Delta Air Lines, Inc.exit | −$1M |
| OKE ONEOK, Inc. | −$1M |
| META Meta Platforms, Inc. | −$1M |
| APP AppLovin Corporationexit | −$0M |
| ROK Rockwell Automation, Inc. | −$0M |
| UNH UnitedHealth Group Incorporate | −$0M |
| NSC Norfolk Southern Corporation | −$0M |
| LLY Eli Lilly and Companyexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $116M | 258 | +25.20% | +17.59% | +7.61% | -0.01B |
| 2025-12-31 | $122M | 258 | +18.33% | +17.72% | +0.61% | -0.00B |
| 2025-09-30 | $120M | 252 | +10.48% | +8.12% | +2.36% | +0.01B |
| 2025-06-30 | $96M | 247 | +8.94% | +10.78% | -1.84% | +0.00B |
| 2025-03-31 | $84M | 68 | -3.60% | -4.27% | +0.67% | -0.01B |
| 2024-12-31 | $99M | 77 | — | — | — | — |