Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.81%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.88%
steady accumulation
Rally response
+1.76%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IEFAiShares Core MSCI EAFE E | $21M | 13.5% | — | 1.5 yr |
| IVViShares Core S&P 500 ETF | $21M | 13.0% | — | 1.5 yr |
| DISVDimensional - Internatio | $7M | 4.5% | — | 1.5 yr |
| VBILVanguard 0-3 Month Treas | $7M | 4.2% | — | 0.8 yr |
| VTIVanguard Total Stock Mar | $6M | 4.1% | — | 1.5 yr |
| VEAVanguard FTSE Developed | $6M | 4.0% | — | 1.5 yr |
| BOXXAlpha Architect 1-3 Mont | $6M | 3.8% | — | 1.5 yr |
| IEMGiShares Core MSCI Emergi | $5M | 3.1% | — | 1.5 yr |
| IJHiShares Core S&P Mid-Cap | $4M | 2.7% | — | 1.5 yr |
| IJJiShares S&P Mid-Cap 400 | $4M | 2.6% | — | 1.5 yr |
| GLDSPDR Gold Shares | $3M | 2.2% | — | 1.3 yr |
| VOOVanguard S&P 500 ETF | $3M | 2.2% | — | 1.5 yr |
| DFEVDimensional - Emerging M | $3M | 2.0% | — | 1.5 yr |
| DFATDimensional - US Targete | $3M | 1.9% | — | 1.5 yr |
| VVVanguard Large-Cap ETF | $3M | 1.8% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management88.3%-2.0pp$140M
Internet Content & Information2.1%+0.9pp$3M
Semiconductors2.0%+0.7pp$3M
Unknown1.7%$3M
Consumer Electronics1.5%-0.1pp$2M
Software - Infrastructure1.0%-0.2pp$2M
Asset Management - Leveraged0.7%+0.5pp$1M
Specialty Retail0.5%-0.1pp$1M
Drug Manufacturers - General0.4%+0.1pp$1M
Discount Stores0.3%$1M
Country
US98.3%-1.7pp
Unknown1.7%
Top 5: 39.3% · Top 10: 55.5% · Top 25: 79.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $1M | +0.00B | 60.9% |
| GOOG | $1M | +0.00B | 84.3% |
| SPY | $2M | +0.00B | 17.6% |
| AAPL | $2M | +0.00B | 14.7% |
| MSFT | $1M | -0.00B | -0.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $1M | -0.00B | -0.6% |
Top buys this quarter · 15
| MU Micron Technology, Inc.new | +$0M |
| SNDK Sandisk Corporationnew | +$0M |
| KLAC KLA Corporationnew | +$0M |
| NVDA NVIDIA Corporation | +$0M |
| META Meta Platforms, Inc. | +$1M |
| GOOG Alphabet Inc. | +$2M |
| AVGO Broadcom Inc. | +$1M |
| WMT Walmart Inc. | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| JNJ Johnson & Johnson | +$0M |
Top sells this quarter · 15
| RIO Rio Tinto Groupexit | −$1M |
| OWL Blue Owl Capital Inc.exit | −$1M |
| PANW Palo Alto Networks, Inc.exit | −$0M |
| EXE Expand Energy Corporationexit | −$0M |
| AMZN Amazon.com, Inc. | −$0M |
| V Visa Inc.exit | −$0M |
| ABBV AbbVie Inc.exit | −$0M |
| MSFT Microsoft Corporation | −$0M |
| UBER Uber Technologies, Inc.exit | −$0M |
| MA Mastercard Incorporatedexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $159M | 85 | +19.34% | +17.59% | +1.75% | +0.01B |
| 2025-12-31 | $164M | 90 | +16.55% | +17.72% | -1.17% | +0.02B |
| 2025-09-30 | $144M | 90 | +10.64% | +8.12% | +2.52% | +0.01B |
| 2025-06-30 | $124M | 77 | +13.97% | +10.78% | +3.20% | +0.00B |
| 2025-03-31 | $105M | 66 | -9.47% | -4.27% | -5.20% | +0.01B |
| 2024-12-31 | $106M | 68 | — | — | — | — |