Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.17%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.28%
baseline attrition
Rally response
-3.59%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $42M | 11.7% | — | 1.5 yr |
| SPDWState Street SPDR Portfo | $29M | 8.0% | — | 1.3 yr |
| IJHiShares Core S&P Mid-Cap | $13M | 3.6% | — | 1.0 yr |
| SCHESchwab Emerging Markets | $12M | 3.4% | — | 0.8 yr |
| VLUState Street SPDR S&P 15 | $12M | 3.2% | — | 1.3 yr |
| PTRBPGIM Total Return Bond E | $11M | 3.1% | — | 0.8 yr |
| BRTRiShares Total Return Act | $11M | 3.1% | — | 0.8 yr |
| RLYState Street Multi-Asset | $10M | 2.7% | — | 0.8 yr |
| BINCiShares Flexible Income | $10M | 2.7% | — | 0.8 yr |
| KOThe Coca-Cola Company | $8M | 2.2% | +9.3% | 1.5 yr |
| MSFTMicrosoft Corporation | $7M | 2.0% | -0.6% | 1.5 yr |
| FFLCFidelity Fundamental Lar | $7M | 2.0% | — | 1.0 yr |
| CATCaterpillar Inc. | $7M | 1.9% | +117.8% | 1.5 yr |
| AAPLApple Inc. | $6M | 1.8% | +14.7% | 1.5 yr |
| SPYVState Street SPDR Portfo | $6M | 1.5% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management57.2%+13.0pp$207M
Asset Management - Bonds4.1%-5.8pp$15M
Industrial - Machinery2.9%+0.6pp$10M
Oil & Gas Integrated2.7%-0.6pp$10M
Semiconductors2.6%+0.4pp$9M
Software - Infrastructure2.3%-0.8pp$8M
Beverages - Non-Alcoholic2.3%-0.2pp$8M
Agricultural - Machinery2.1%+0.8pp$7M
Consumer Electronics1.8%-0.4pp$6M
Financial - Credit Services1.7%-0.8pp$6M
Country
US95.4%+0.2pp
IE2.3%+0.4pp
GB1.8%-0.4pp
CA0.1%
NL0.1%
CH0.1%-0.0pp
BM0.1%-0.3pp
Unknown0.0%-0.1pp
Top 5: 29.9% · Top 10: 43.6% · Top 25: 65.0%
Top buys this quarter · 15
| GD General Dynamics Corporation | +$1M |
| ETN Eaton Corporation plc | +$1M |
| MDLN Medline Inc.new | +$1M |
| PH Parker-Hannifin Corporation | +$0M |
| ASML ASML Holding N.V.new | +$0M |
| NVT nVent Electric plcnew | +$0M |
| GLW Corning Incorporatednew | +$0M |
| NTR Nutrien Ltd.new | +$0M |
| OKE ONEOK, Inc.new | +$0M |
| EPD Enterprise Products Partners Lnew | +$0M |
Top sells this quarter · 15
| NOW ServiceNow, Inc.exit | −$1M |
| HII Huntington Ingalls Industries,exit | −$1M |
| PANW Palo Alto Networks, Inc.exit | −$1M |
| AJG Arthur J. Gallagher & Co.exit | −$0M |
| RSG Republic Services, Inc. | −$0M |
| ORCL Oracle Corporation | −$0M |
| CHD Church & Dwight Co., Inc.exit | −$0M |
| NFLX Netflix, Inc. | −$0M |
| V Visa Inc. | −$0M |
| AEP American Electric Power Compan | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $363M | 179 | +20.34% | +17.59% | +2.75% | +0.01B |
| 2025-12-31 | $352M | 174 | +15.33% | +17.72% | -2.39% | +0.00B |
| 2025-09-30 | $340M | 173 | +6.56% | +8.12% | -1.57% | -0.00B |
| 2025-06-30 | $322M | 173 | +8.55% | +10.78% | -2.23% | -0.00B |
| 2025-03-31 | $298M | 170 | -3.15% | -4.27% | +1.11% | +0.00B |
| 2024-12-31 | $305M | 159 | — | — | — | — |