Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+10.25%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.61%
steady accumulation
Rally response
-34.27%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VVisa Inc. | $36M | 6.4% | — | 0.5 yr |
| COFCapital One Financial Co | $35M | 6.3% | — | 0.5 yr |
| LPLALPL Financial Holdings I | $29M | 5.1% | — | 0.5 yr |
| WELLWelltower Inc. | $26M | 4.6% | — | 0.5 yr |
| VLYPNValley National Bancorp | $24M | 4.4% | — | 0.5 yr |
| MSCIMSCI Inc. | $24M | 4.3% | — | 0.5 yr |
| VOYAVoya Financial, Inc. | $19M | 3.4% | — | 0.5 yr |
| BLKBlackRock, Inc. | $19M | 3.4% | — | 0.5 yr |
| PLDPrologis, Inc. | $19M | 3.3% | — | 0.5 yr |
| RDNRadian Group Inc. | $18M | 3.3% | — | 0.5 yr |
| AIGAmerican International G | $18M | 3.3% | — | 0.3 yr |
| FHNFirst Horizon Corporatio | $17M | 3.0% | — | 0.3 yr |
| OWLBlue Owl Capital Inc. | $16M | 2.8% | — | 0.5 yr |
| INTUIntuit Inc. | $15M | 2.8% | — | 0.5 yr |
| USBU.S. Bancorp | $15M | 2.6% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Financial - Credit Services16.3%$91M
Asset Management9.7%$54M
Financial - Capital Markets9.3%$52M
Banks - Regional7.4%$41M
REIT - Healthcare Facilities7.0%$39M
Financial - Data & Stock Exchanges6.7%$37M
REIT - Industrial5.4%$30M
Banks - Diversified4.6%$26M
Software - Infrastructure4.3%$24M
Software - Application3.7%$21M
Country
US99.0%
Unknown1.0%
Top 5: 26.9% · Top 10: 44.7% · Top 25: 81.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| COF Capital One Financial Corporat | +$21M |
| AIG American International Group, new | +$18M |
| FHN First Horizon Corporationnew | +$17M |
| V Visa Inc. | +$16M |
| LNC Lincoln National Corporationnew | +$14M |
| PLD Prologis, Inc. | +$14M |
| KKR KKR & Co. Inc. | +$11M |
| JLL Jones Lang LaSalle Incorporatenew | +$11M |
| EVR Evercore Inc.new | +$11M |
| LPLA LPL Financial Holdings Inc. | +$10M |
Top sells this quarter · 15
| FITB Fifth Third Bancorpexit | −$20M |
| PGR The Progressive Corporationexit | −$15M |
| AER AerCap Holdings N.V.exit | −$14M |
| VICI VICI Properties Inc.exit | −$13M |
| MC Moelis & Companyexit | −$11M |
| REG Regency Centers Corporationexit | −$9M |
| CCI Crown Castle Inc.exit | −$9M |
| ETOR eToro Group Ltd.exit | −$8M |
| BAC Bank of America Corporation | −$8M |
| IRM Iron Mountain Incorporated | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $557M | 43 | -12.37% | -4.37% | -8.00% | +0.08B |
| 2025-12-31 | $540M | 43 | — | — | — | — |