Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.71%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.30%
baseline attrition
Rally response
-1.11%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $6M | 7.2% | — | 0.3 yr |
| AAPLApple Inc. | $5M | 5.4% | +14.7% | 1.5 yr |
| BRK-ABerkshire Hathaway Inc. | $3M | 3.2% | — | 1.5 yr |
| ETEnergy Transfer LP | $3M | 2.9% | +12.1% | 1.5 yr |
| BNBrookfield Corporation | $2M | 2.5% | +16.5% | 1.5 yr |
| VVisa Inc. | $2M | 2.4% | -13.1% | 1.5 yr |
| BRK-BBerkshire Hathaway Inc. | $2M | 2.3% | — | 1.5 yr |
| UBERUber Technologies, Inc. | $2M | 2.0% | -1.3% | 1.3 yr |
| CBChubb Limited | $2M | 1.9% | +9.3% | 1.5 yr |
| HHHHoward Hughes Holdings I | $2M | 1.9% | -14.6% | 1.5 yr |
| SPHQInvesco S&P 500 Quality | $2M | 1.9% | — | 1.5 yr |
| TFSLTFS Financial Corporatio | $2M | 1.8% | +23.2% | 1.5 yr |
| BACBank of America Corporat | $2M | 1.7% | +19.4% | 1.5 yr |
| JPMJPMorgan Chase & Co. | $2M | 1.7% | +21.8% | 1.5 yr |
| SNXTD SYNNEX Corporation | $2M | 1.7% | +64.5% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management17.0%+0.2pp$15M
Unknown8.1%+7.1pp$7M
Oil & Gas Midstream5.7%-1.1pp$5M
Financial - Credit Services5.5%+1.1pp$5M
Insurance - Diversified5.5%-1.9pp$5M
Consumer Electronics5.4%-0.2pp$5M
Banks - Diversified4.2%+0.1pp$4M
Banks - Regional3.9%-10.3pp$4M
Airlines, Airports & Air Services3.4%+0.6pp$3M
Specialty Retail2.8%+0.9pp$3M
Country
US74.5%-8.7pp
Unknown8.1%+7.1pp
CA6.2%+1.4pp
BM2.9%+0.4pp
MX2.0%+0.3pp
CH1.9%+0.5pp
IE1.4%+0.2pp
GB0.9%-0.8pp
Top 5: 21.1% · Top 10: 31.6% · Top 25: 55.4%
Top buys this quarter · 15
| V Visa Inc. | +$1M |
| UBER Uber Technologies, Inc. | +$0M |
| WHR Whirlpool Corporation | +$0M |
| SLM SLM Corporation | +$0M |
| AGX Argan, Inc.new | +$0M |
| DEA Easterly Government Propertiesnew | +$0M |
| QSR Restaurant Brands Internationanew | +$0M |
| BEPC Brookfield Renewable Corporatinew | +$0M |
| AMZN Amazon.com, Inc. | +$0M |
| HTZ Hertz Global Holdings, Inc. | +$0M |
Top sells this quarter · 15
| PNFP Pinnacle Financial Partners, Iexit | −$6M |
| JHG Janus Henderson Group plc | −$1M |
| RTX RTX Corporation | −$0M |
| DG Dollar General Corporation | −$0M |
| SIRI Sirius XM Holdings Inc.exit | −$0M |
| STT State Street Corporationexit | −$0M |
| OXY Occidental Petroleum Corporati | −$0M |
| EC Ecopetrol S.A.exit | −$0M |
| NU Nu Holdings Ltd.exit | −$0M |
| ADC Agree Realty Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $90M | 127 | +10.66% | +17.59% | -6.94% | +0.00B |
| 2025-12-31 | $91M | 123 | +10.64% | +17.72% | -7.07% | -0.00B |
| 2025-09-30 | $90M | 123 | +4.21% | +8.12% | -3.91% | +0.00B |
| 2025-06-30 | $86M | 121 | +5.39% | +10.78% | -5.39% | +0.00B |
| 2025-03-31 | $79M | 119 | -1.00% | -4.27% | +3.26% | +0.00B |
| 2024-12-31 | $77M | 120 | — | — | — | — |