Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.93%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.15%
baseline attrition
Rally response
-2.46%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BUFRFT Vest Laddered Buffer | $20M | 10.1% | — | 1.5 yr |
| BUFFInnovator Laddered Alloc | $16M | 8.2% | — | 1.5 yr |
| LGCYLegacy Education Inc. | $10M | 5.2% | +74.6% | 1.5 yr |
| FBNDFidelity Total Bond ETF | $10M | 5.2% | — | 1.3 yr |
| FLTBFidelity Limited Term Bo | $8M | 4.2% | — | 1.3 yr |
| — | $8M | 4.0% | — | 0.5 yr |
| — | $7M | 3.4% | — | 0.5 yr |
| SCHDSchwab U.S. Dividend Equ | $6M | 3.1% | — | 1.5 yr |
| FESMFidelity Enhanced Small | $6M | 3.1% | — | 1.3 yr |
| VOVanguard Mid-Cap ETF | $6M | 3.1% | — | 1.5 yr |
| DBEFXtrackers MSCI EAFE Hedg | $6M | 2.9% | — | 1.5 yr |
| BALTInnovator Defined Wealth | $6M | 2.9% | — | 1.3 yr |
| IWLiShares Russell Top 200 | $5M | 2.7% | — | 1.5 yr |
| QFLRInnovator Nasdaq-100 Man | $5M | 2.7% | — | 1.5 yr |
| ONEYState Street SPDR Russel | $5M | 2.7% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management67.2%-2.2pp$133M
Asset Management - Bonds8.3%-5.4pp$16M
Unknown7.5%+7.4pp$15M
Education & Training Services5.2%+0.4pp$10M
Consumer Electronics1.3%-0.0pp$3M
Software - Infrastructure0.9%+0.2pp$2M
Semiconductors0.7%+0.1pp$1M
Auto - Manufacturers0.7%+0.4pp$1M
Drug Manufacturers - General0.7%+0.0pp$1M
Specialty Retail0.7%+0.4pp$1M
Country
US91.2%-8.5pp
Unknown7.5%+7.4pp
CA1.2%+1.1pp
IE0.1%-0.0pp
SG0.0%+0.0pp
UY0.0%-0.0pp
CH0.0%-0.0pp
GB0.0%-0.0pp
Top 5: 32.8% · Top 10: 49.5% · Top 25: 77.6%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$2M |
| AMZN Amazon.com, Inc. | +$1M |
| AAPL Apple Inc. | +$1M |
| RBRK Rubrik, Inc. | +$0M |
| TSLA Tesla, Inc. | +$0M |
| WMT Walmart Inc. | +$0M |
| TJX The TJX Companies, Inc. | +$0M |
| CEG Constellation Energy Corporati | +$0M |
| Q Qnity Electronics, Inc.new | +$0M |
| PLTR Palantir Technologies Inc. | +$0M |
Top sells this quarter · 15
| LGCY Legacy Education Inc. | −$10M |
| MSFT Microsoft Corporation | −$0M |
| GOOG Alphabet Inc. | −$0M |
| DD DuPont de Nemours, Inc. | −$0M |
| STWD Starwood Property Trust, Inc.exit | −$0M |
| IBM International Business Machine | −$0M |
| PEP PepsiCo, Inc. | −$0M |
| GWW W.W. Grainger, Inc. | −$1M |
| NVDA NVIDIA Corporation | −$0M |
| ISRG Intuitive Surgical, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $198M | 411 | +30.97% | +17.59% | +13.38% | +0.01B |
| 2025-12-31 | $179M | 309 | +18.07% | +17.72% | +0.35% | +0.00B |
| 2025-09-30 | $170M | 304 | -0.85% | +8.12% | -8.97% | +0.01B |
| 2025-06-30 | $166M | 307 | +20.67% | +10.78% | +9.89% | -0.02B |
| 2025-03-31 | $153M | 313 | -4.31% | -4.27% | -0.04% | +0.01B |
| 2024-12-31 | $146M | 313 | — | — | — | — |