Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.56%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.48%
baseline attrition
Rally response
-19.16%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $16M | 5.8% | +17.6% | 1.5 yr |
| MSFTMicrosoft Corporation | $13M | 4.7% | -0.6% | 1.5 yr |
| AAPLApple Inc. | $11M | 4.2% | +14.7% | 1.5 yr |
| AGGiShares Core U.S. Aggreg | $9M | 3.3% | — | 1.5 yr |
| GOOGLAlphabet Inc. | $9M | 3.3% | — | 1.5 yr |
| NVDANVIDIA Corporation | $9M | 3.2% | +60.9% | 1.5 yr |
| JAAAJanus Henderson AAA CLO | $8M | 3.0% | — | 1.5 yr |
| IVViShares Core S&P 500 ETF | $8M | 2.9% | — | 1.5 yr |
| VTVVanguard Value ETF | $7M | 2.5% | — | 1.5 yr |
| VOVanguard Mid-Cap ETF | $6M | 2.3% | — | 1.5 yr |
| XLVState Street Health Care | $6M | 2.2% | — | 1.5 yr |
| AMZNAmazon.com, Inc. | $6M | 2.2% | +9.5% | 1.5 yr |
| METAMeta Platforms, Inc. | $6M | 2.1% | -0.4% | 1.5 yr |
| SGOViShares 0-3 Month Treasu | $6M | 2.1% | — | 1.5 yr |
| SCHGSchwab U.S. Large-Cap Gr | $5M | 1.9% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management47.0%-6.2pp$128M
Semiconductors5.8%+1.2pp$16M
Internet Content & Information5.5%+1.0pp$15M
Software - Infrastructure5.5%+1.3pp$15M
Consumer Electronics4.2%+1.3pp$11M
Asset Management - Bonds3.8%+1.3pp$10M
Software - Application2.5%+1.2pp$7M
Specialty Retail2.2%+0.5pp$6M
Drug Manufacturers - General1.7%+0.1pp$5M
Asset Management - Leveraged1.5%+0.8pp$4M
Country
US97.5%+1.8pp
Unknown0.5%-1.1pp
IE0.5%+0.2pp
CA0.4%-0.6pp
BM0.4%
JP0.3%
DE0.2%
ES0.1%
Top 5: 21.3% · Top 10: 35.2% · Top 25: 60.6%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$5M |
| AAPL Apple Inc. | +$4M |
| PRU Prudential Financial, Inc.new | +$4M |
| META Meta Platforms, Inc. | +$3M |
| AMZN Amazon.com, Inc. | +$3M |
| CRM Salesforce, Inc.new | +$2M |
| PGR The Progressive Corporationnew | +$2M |
| INTU Intuit Inc.new | +$2M |
| SPY State Street SPDR S&P 500 ETF | +$2M |
| ABT Abbott Laboratoriesnew | +$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $272M | 141 | +6.81% | +17.59% | -10.78% | +0.02B |
| 2025-12-31 | $270M | 132 | +8.18% | +17.72% | -9.54% | +0.00B |
| 2025-09-30 | $264M | 127 | +6.31% | +8.12% | -1.81% | +0.01B |
| 2025-06-30 | $239M | 143 | +8.16% | +10.78% | -2.62% | -0.00B |
| 2025-03-31 | $221M | 176 | -6.31% | -4.27% | -2.04% | +0.01B |
| 2024-12-31 | $222M | 174 | — | — | — | — |