Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-26.08%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.97%
baseline attrition
Rally response
-6.99%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIVanguard Total Stock Mar | $15M | 4.6% | — | 0.5 yr |
| IVViShares Core S&P 500 ETF | $13M | 4.0% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $12M | 3.6% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $10M | 3.1% | — | 0.5 yr |
| FTRBFederated Hermes Total R | $8M | 2.5% | — | 0.5 yr |
| VTVVanguard Value ETF | $8M | 2.4% | — | 0.5 yr |
| AMZNAmazon.com, Inc. | $8M | 2.4% | — | 0.5 yr |
| AAPLApple Inc. | $8M | 2.4% | — | 0.5 yr |
| FDVFederated Hermes U.S. St | $7M | 2.1% | — | 0.5 yr |
| BRK-BBerkshire Hathaway Inc. | $7M | 2.1% | — | 0.5 yr |
| SEPIShelton Equity Premium I | $7M | 2.0% | — | 0.5 yr |
| GPIXGoldman Sachs S&P 500 Pr | $6M | 1.8% | — | 0.5 yr |
| SYFIAlliance Bernstein - AB | $6M | 1.7% | — | 0.5 yr |
| UCONFirst Trust Smith Uncons | $5M | 1.6% | — | 0.5 yr |
| FEGEFirst Eagle Global Equit | $5M | 1.6% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management50.1%$162M
Internet Content & Information4.6%$15M
Software - Infrastructure3.7%$12M
Semiconductors3.7%$12M
Asset Management - Bonds2.9%$9M
Specialty Retail2.9%$9M
Insurance - Diversified2.8%$9M
Banks - Diversified2.7%$9M
Financial - Credit Services2.5%$8M
Consumer Electronics2.4%$8M
Country
US95.9%
GB0.8%
TW0.5%
Unknown0.5%
BR0.4%
CA0.3%
CH0.2%
CL0.2%
Top 5: 17.8% · Top 10: 29.2% · Top 25: 51.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| C Citigroup Inc. | +$2M |
| CORT Corcept Therapeutics Incorporanew | +$1M |
| META Meta Platforms, Inc. | +$1M |
| CVS CVS Health Corporation | +$1M |
| CGNX Cognex Corporationnew | +$1M |
| GEV GE Vernova Inc. | +$1M |
| NFG National Fuel Gas Company | +$1M |
| ORLY O'Reilly Automotive, Inc.new | +$1M |
| LMT Lockheed Martin Corporationnew | +$1M |
| ASTS AST SpaceMobile, Inc.new | +$1M |
Top sells this quarter · 15
| TSLA Tesla, Inc. | −$3M |
| WFC Wells Fargo & Company | −$2M |
| NVDA NVIDIA Corporation | −$2M |
| BAC Bank of America Corporation | −$2M |
| AVGO Broadcom Inc. | −$1M |
| MSFT Microsoft Corporation | −$1M |
| AMD Advanced Micro Devices, Inc.exit | −$1M |
| TPL Texas Pacific Land Corporationexit | −$1M |
| NRG NRG Energy, Inc.exit | −$1M |
| JPM JPMorgan Chase & Co. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $323M | 246 | -4.10% | -4.37% | +0.27% | +0.00B |
| 2025-12-31 | $333M | 242 | — | — | — | — |