Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-15.02%
trims when stocks drop
when a holding falls −10%+
Middle response
-17.88%
baseline attrition
Rally response
+2.28%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PULSPGIM Ultra Short Bond ET | $34M | 11.7% | — | 0.3 yr |
| JCPBJPMorgan Core Plus Bond | $21M | 7.4% | — | 0.3 yr |
| UITBVictoryShares Core Inter | $21M | 7.1% | — | 0.3 yr |
| XMHQInvesco S&P MidCap Quali | $20M | 7.0% | — | 0.3 yr |
| SPLGSPDR Portfolio S&P 500 E | $19M | 6.4% | — | 0.3 yr |
| USVMVictoryShares US Small M | $18M | 6.3% | — | 0.3 yr |
| EVSDEaton Vance Short Durati | $17M | 5.8% | — | 0.3 yr |
| RWLInvesco S&P 500 Revenue | $16M | 5.6% | — | 0.3 yr |
| HMOPHartford Municipal Oppor | $9M | 3.0% | — | 0.3 yr |
| GSIEGoldman Sachs ActiveBeta | $7M | 2.4% | — | 0.3 yr |
| VRPInvesco Variable Rate Pr | $7M | 2.4% | — | 0.3 yr |
| JEPIJPMorgan Equity Premium | $7M | 2.3% | — | 0.3 yr |
| JPSTJPMorgan Ultra-Short Inc | $6M | 2.1% | — | 0.3 yr |
| UTESVirtus Reaves Utilities | $6M | 2.1% | — | 0.3 yr |
| PJANInnovator U.S. Equity Po | $6M | 2.0% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management65.2%+21.9pp$189M
Asset Management - Bonds15.1%$44M
Unknown5.5%+5.3pp$16M
Asset Management - Income4.5%$13M
Insurance - Diversified2.0%-0.2pp$6M
Insurance - Life1.4%$4M
Regulated Electric1.0%+0.6pp$3M
Software - Infrastructure0.6%-3.4pp$2M
Industrial - Machinery0.5%-2.4pp$1M
Consumer Electronics0.5%-7.1pp$1M
Country
US93.6%-3.2pp
Unknown5.5%+5.3pp
IE0.6%-1.5pp
CH0.2%-0.0pp
Top 5: 39.6% · Top 10: 62.6% · Top 25: 85.1%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $5M | -0.00B | -0.6% |
Top buys this quarter · 15
| JXN Jackson Financial Inc.new | +$4M |
| CMS CMS Energy Corporationnew | +$2M |
| DTE DTE Energy Companynew | +$1M |
| SYK Stryker Corporationnew | +$1M |
| ETN Eaton Corporation plc | +$1M |
| CVX Chevron Corporationnew | +$1M |
| LRCX Lam Research Corporationnew | +$1M |
| JNJ Johnson & Johnson | +$1M |
| MS Morgan Stanleynew | +$1M |
| FITB Fifth Third Bancorpnew | +$0M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$11M |
| CTAS Cintas Corporationexit | −$5M |
| PH Parker-Hannifin Corporationexit | −$4M |
| WSM Williams-Sonoma, Inc.exit | −$4M |
| NVDA NVIDIA Corporation | −$3M |
| MSFT Microsoft Corporation | −$3M |
| WOR Worthington Industries, Inc.exit | −$3M |
| XOM Exxon Mobil Corporationexit | −$3M |
| AVGO Broadcom Inc.exit | −$3M |
| MRK Merck & Co., Inc.exit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $289M | 103 | +15.81% | +17.59% | -1.78% | +0.12B |
| 2025-12-31 | $172M | 112 | +12.70% | +17.72% | -5.02% | +0.01B |
| 2025-09-30 | $160M | 105 | +7.07% | +8.12% | -1.05% | +0.00B |
| 2025-06-30 | $147M | 100 | +9.21% | +10.78% | -1.56% | -0.00B |
| 2025-03-31 | $139M | 95 | -5.39% | -4.27% | -1.12% | -0.00B |
| 2024-12-31 | $150M | 96 | — | — | — | — |