Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+12.97%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.45%
steady accumulation
Rally response
-8.05%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MPROMonarch ProCap Index ETF | $5M | 4.2% | — | 1.5 yr |
| JEPIJPMorgan Equity Premium | $4M | 3.8% | — | 1.5 yr |
| BILState Street SPDR Bloomb | $4M | 3.4% | — | 1.5 yr |
| NVDANVIDIA Corporation | $3M | 2.8% | +60.9% | 1.5 yr |
| VGSHVanguard Short-Term Trea | $3M | 2.8% | — | 1.5 yr |
| VCITVanguard Intermediate-Te | $3M | 2.4% | — | 1.5 yr |
| JEPQJPMorgan Nasdaq Equity P | $3M | 2.4% | — | 1.5 yr |
| AAPLApple Inc. | $3M | 2.3% | +14.7% | 1.5 yr |
| VCSHVanguard Short-Term Corp | $3M | 2.3% | — | 1.5 yr |
| MSFTMicrosoft Corporation | $2M | 1.8% | -0.6% | 1.5 yr |
| JNJJohnson & Johnson | $2M | 1.8% | +51.5% | 1.5 yr |
| PULSPGIM Ultra Short Bond ET | $2M | 1.7% | — | 0.5 yr |
| VOOVanguard S&P 500 ETF | $2M | 1.7% | — | 1.5 yr |
| SGOViShares 0-3 Month Treasu | $2M | 1.6% | — | 1.5 yr |
| JAAAJanus Henderson AAA CLO | $2M | 1.5% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management37.3%+7.5pp$44M
Asset Management - Bonds8.5%-1.4pp$10M
Asset Management - Income6.2%-0.7pp$7M
Semiconductors4.5%-1.1pp$5M
Asset Management - Leveraged3.9%+0.3pp$5M
Drug Manufacturers - General3.3%-0.0pp$4M
Internet Content & Information2.7%+0.3pp$3M
Consumer Electronics2.3%-0.4pp$3M
Software - Infrastructure2.2%-0.1pp$3M
Discount Stores1.9%-0.1pp$2M
Country
US97.3%-1.6pp
CA1.4%+1.0pp
Unknown1.3%+1.0pp
Top 5: 17.0% · Top 10: 28.3% · Top 25: 49.3%
Top buys this quarter · 15
| VITL Vital Farms, Inc. | +$1M |
| MSFT Microsoft Corporation | +$2M |
| NFLX Netflix, Inc. | +$0M |
| ABT Abbott Laboratories | +$0M |
| INTU Intuit Inc. | +$1M |
| ELF e.l.f. Beauty, Inc. | +$0M |
| AMZN Amazon.com, Inc. | +$2M |
| CRM Salesforce, Inc. | +$1M |
| ADBE Adobe Inc. | +$0M |
| TMUS T-Mobile US, Inc. | +$0M |
Top sells this quarter · 15
| DOW Dow Inc.exit | −$1M |
| CAVA CAVA Group, Inc.exit | −$0M |
| INTC Intel Corporationexit | −$0M |
| AMAT Applied Materials, Inc. | −$0M |
| HAS Hasbro, Inc.exit | −$0M |
| TGT Target Corporation | −$0M |
| AMD Advanced Micro Devices, Inc. | −$0M |
| CLF Cleveland-Cliffs Inc. | −$0M |
| XOM Exxon Mobil Corporation | −$1M |
| COP ConocoPhillips | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $117M | 142 | +20.92% | +17.59% | +3.33% | +0.01B |
| 2025-12-31 | $115M | 142 | +20.25% | +17.72% | +2.53% | +0.00B |
| 2025-09-30 | $108M | 133 | +8.90% | +8.12% | +0.78% | +0.00B |
| 2025-06-30 | $96M | 129 | +11.36% | +10.78% | +0.58% | -0.00B |
| 2025-03-31 | $90M | 123 | -4.45% | -4.27% | -0.19% | -0.00B |
| 2024-12-31 | $98M | 141 | — | — | — | — |