Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.13%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.61%
baseline attrition
Rally response
-1.94%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $26M | 15.8% | — | 1.5 yr |
| FBNDFidelity Total Bond ETF | $12M | 7.3% | — | 1.5 yr |
| SPYGState Street SPDR Portfo | $10M | 6.0% | — | 1.5 yr |
| BNDVanguard Total Bond Mark | $9M | 5.3% | — | 1.5 yr |
| SPYVState Street SPDR Portfo | $9M | 5.2% | — | 1.5 yr |
| IBDViShares iBonds Dec 2030 | $5M | 2.7% | — | 1.5 yr |
| IBDUiShares iBonds Dec 2029 | $4M | 2.6% | — | 1.5 yr |
| IBDTiShares iBonds Dec 2028 | $4M | 2.6% | — | 1.5 yr |
| VOVanguard Mid-Cap ETF | $3M | 2.1% | — | 1.5 yr |
| IBDSiShares iBonds Dec 2027 | $3M | 2.0% | — | 1.5 yr |
| IWBiShares Russell 1000 ETF | $3M | 2.0% | — | 1.5 yr |
| MSFTMicrosoft Corporation | $3M | 2.0% | -11.3% | 1.5 yr |
| IEFAiShares Core MSCI EAFE E | $3M | 1.9% | — | 1.5 yr |
| AAPLApple Inc. | $3M | 1.9% | +1.9% | 1.5 yr |
| IBDWiShares iBonds Dec 2031 | $3M | 1.8% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management53.5%+5.5pp$89M
Asset Management - Bonds26.5%-0.4pp$44M
Internet Content & Information2.5%+0.6pp$4M
Software - Infrastructure2.5%-0.6pp$4M
Semiconductors2.4%+0.7pp$4M
Consumer Electronics1.9%+0.0pp$3M
Specialty Retail1.1%-0.1pp$2M
Home Improvement1.0%-0.6pp$2M
Beverages - Non-Alcoholic1.0%-0.2pp$2M
Drug Manufacturers - General1.0%-0.4pp$2M
Country
US99.3%+1.7pp
Unknown0.7%-1.3pp
Top 5: 39.5% · Top 10: 51.4% · Top 25: 73.9%
Top buys this quarter · 15
| NFLX Netflix, Inc. | +$0M |
| AAPL Apple Inc. | +$0M |
| CAT Caterpillar Inc.new | +$0M |
| CRWD CrowdStrike Holdings, Inc.new | +$0M |
| CSCO Cisco Systems, Inc.new | +$0M |
| AMD Advanced Micro Devices, Inc.new | +$0M |
| AVGO Broadcom Inc. | +$0M |
| COST Costco Wholesale Corporation | +$0M |
| AMZN Amazon.com, Inc. | +$0M |
| GOOG Alphabet Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $167M | 111 | +7.83% | +1.62% | +6.20% | +0.02B |
| 2025-12-31 | $160M | 106 | +24.16% | +8.91% | +15.25% | +0.00B |
| 2025-09-30 | $158M | 104 | +20.40% | +8.12% | +12.28% | -0.00B |
| 2025-03-31 | $133M | 102 | -4.85% | -4.27% | -0.58% | +0.01B |
| 2024-12-31 | $134M | 110 | +7.36% | +2.49% | +4.87% | -0.03B |
| 2024-06-30 | $148M | 107 | — | — | — | — |