Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.76%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.26%
baseline attrition
Rally response
-10.75%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-ABerkshire Hathaway Inc. | $20M | 16.1% | — | 1.3 yr |
| EEMiShares MSCI Emerging Ma | $17M | 13.3% | — | 1.3 yr |
| IVViShares Core S&P 500 ETF | $10M | 8.4% | — | 1.3 yr |
| AAPLApple Inc. | $6M | 4.6% | +14.7% | 1.3 yr |
| PDIPIMCO Dynamic Income Fun | $6M | 4.5% | — | 1.3 yr |
| NVDANVIDIA Corporation | $6M | 4.5% | +60.9% | 1.3 yr |
| RWAYRunway Growth Finance Co | $5M | 4.3% | -23.2% | 1.3 yr |
| COSTCostco Wholesale Corpora | $5M | 4.1% | +5.9% | 1.3 yr |
| DFACDimensional - US Core Eq | $4M | 2.9% | — | 1.3 yr |
| IWRiShares Russell Mid-Cap | $3M | 2.6% | — | 1.3 yr |
| MSFTMicrosoft Corporation | $3M | 2.4% | -0.6% | 1.3 yr |
| AMZNAmazon.com, Inc. | $2M | 1.8% | +9.5% | 1.3 yr |
| DFUSDimensional - US Equity | $2M | 1.8% | — | 1.3 yr |
| SPYState Street SPDR S&P 50 | $2M | 1.3% | +17.6% | 1.3 yr |
| LRCXLam Research Corporation | $2M | 1.3% | +196.1% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management39.5%+8.6pp$49M
Insurance - Diversified17.0%-4.4pp$21M
Semiconductors8.6%+2.6pp$11M
Asset Management - Income4.8%+4.4pp$6M
Financial - Credit Services4.7%-5.7pp$6M
Consumer Electronics4.6%-0.6pp$6M
Discount Stores4.6%-0.3pp$6M
Internet Content & Information2.7%-0.8pp$3M
Software - Infrastructure2.4%-1.1pp$3M
Drug Manufacturers - General2.2%-0.3pp$3M
Country
US99.5%-0.1pp
TW0.3%
GB0.2%-0.0pp
CA0.0%+0.0pp
Top 5: 47.0% · Top 10: 65.3% · Top 25: 83.1%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$6M |
| AAPL Apple Inc. | +$6M |
| RWAY Runway Growth Finance Corp. | +$5M |
| AVGO Broadcom Inc. | +$1M |
| NFLX Netflix, Inc. | +$0M |
| C Citigroup Inc. | +$0M |
| HD The Home Depot, Inc. | +$0M |
| CSCO Cisco Systems, Inc. | +$0M |
| V Visa Inc. | +$0M |
| LLY Eli Lilly and Company | +$1M |
Top sells this quarter · 15
| COST Costco Wholesale Corporation | −$2M |
| UNH UnitedHealth Group Incorporateexit | −$0M |
| ADBE Adobe Inc.exit | −$0M |
| GE GE Aerospace | −$0M |
| LRCX Lam Research Corporation | −$1M |
| MSFT Microsoft Corporation | −$0M |
| T AT&T Inc. | −$0M |
| JNJ Johnson & Johnson | −$1M |
| GEV GE Vernova Inc. | −$0M |
| META Meta Platforms, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $125M | 79 | +18.23% | +17.59% | +0.64% | +0.00B |
| 2025-12-31 | $126M | 79 | +1.24% | +2.66% | -1.43% | +0.00B |
| 2025-09-30 | $121M | 81 | +8.38% | +8.12% | +0.26% | -0.00B |
| 2025-06-30 | $115M | 89 | +12.53% | +10.78% | +1.75% | -0.01B |
| 2025-03-31 | $110M | 85 | — | — | — | — |