Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.31%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.60%
baseline attrition
Rally response
-2.35%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| RDVYFirst Trust Rising Divid | $55M | 15.3% | — | 1.5 yr |
| SPLGSPDR Portfolio S&P 500 E | $51M | 14.3% | — | 1.5 yr |
| VOOVanguard S&P 500 ETF | $27M | 7.5% | — | 1.5 yr |
| AVDEAvantis International Eq | $22M | 6.2% | — | 0.8 yr |
| AAPLApple Inc. | $18M | 5.1% | +14.7% | 1.5 yr |
| HYDBiShares High Yield Syste | $18M | 5.1% | — | 1.5 yr |
| FSMDFidelity Small-Mid Multi | $14M | 4.0% | — | 0.8 yr |
| QQQInvesco QQQ Trust, Serie | $12M | 3.5% | — | 1.5 yr |
| CLSEConvergence Long/Short E | $11M | 3.0% | — | 1.0 yr |
| XMHQInvesco S&P MidCap Quali | $10M | 2.7% | — | 1.5 yr |
| SCHDSchwab U.S. Dividend Equ | $9M | 2.5% | — | 1.5 yr |
| IQLTiShares MSCI Intl Qualit | $7M | 1.9% | — | 1.5 yr |
| MSFTMicrosoft Corporation | $4M | 1.2% | -0.6% | 1.5 yr |
| SPYState Street SPDR S&P 50 | $4M | 1.2% | +17.6% | 1.5 yr |
| VBVanguard Small-Cap ETF | $4M | 1.1% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management76.7%+3.5pp$275M
Asset Management - Bonds6.0%+2.2pp$21M
Consumer Electronics5.1%-1.3pp$18M
Semiconductors1.6%+0.4pp$6M
Software - Infrastructure1.4%-0.6pp$5M
Insurance - Diversified1.1%-0.6pp$4M
Internet Content & Information0.8%-0.1pp$3M
Asset Management - Income0.8%+0.3pp$3M
Banks - Regional0.6%-0.2pp$2M
Oil & Gas Refining & Marketing0.5%+0.1pp$2M
Country
US99.7%-0.0pp
CH0.2%-0.0pp
TW0.1%
Top 5: 48.5% · Top 10: 66.8% · Top 25: 81.2%
Top buys this quarter · 15
| PAL Proficient Auto Logistics, Incnew | +$0M |
| GEV GE Vernova Inc. | +$0M |
| AVGO Broadcom Inc. | +$1M |
| JNJ Johnson & Johnson | +$0M |
| AMZN Amazon.com, Inc. | +$2M |
| RTX RTX Corporation | +$0M |
| CVX Chevron Corporation | +$0M |
| CB Chubb Limited | +$0M |
| ADI Analog Devices, Inc. | +$0M |
| ADP Automatic Data Processing, Inc | +$1M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$1M |
| AAPL Apple Inc. | −$1M |
| ORCL Oracle Corporationexit | −$0M |
| SYK Stryker Corporationexit | −$0M |
| BA The Boeing Companyexit | −$0M |
| CRWD CrowdStrike Holdings, Inc.exit | −$0M |
| ZS Zscaler, Inc.exit | −$0M |
| COF Capital One Financial Corporatexit | −$0M |
| TSLA Tesla, Inc. | −$0M |
| FSK FS KKR Capital Corp. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $358M | 140 | +15.31% | +17.59% | -2.28% | +0.02B |
| 2025-12-31 | $350M | 143 | +13.35% | +17.72% | -4.37% | +0.02B |
| 2025-09-30 | $324M | 144 | +10.48% | +8.12% | +2.36% | +0.00B |
| 2025-06-30 | $289M | 145 | +7.02% | +10.78% | -3.76% | +0.01B |
| 2025-03-31 | $261M | 143 | -5.93% | -4.27% | -1.67% | +0.00B |
| 2024-12-31 | $273M | 150 | — | — | — | — |