Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.94%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.07%
baseline attrition
Rally response
-1.10%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SCHMSchwab U.S. Mid-Cap ETF | $15M | 11.5% | — | 1.5 yr |
| SCHGSchwab U.S. Large-Cap Gr | $11M | 8.0% | — | 1.5 yr |
| SCHDSchwab U.S. Dividend Equ | $8M | 5.9% | — | 1.5 yr |
| SCHASchwab U.S. Small-Cap ET | $6M | 4.7% | — | 1.5 yr |
| BNDVanguard Total Bond Mark | $6M | 4.6% | — | 1.5 yr |
| BRK-BBerkshire Hathaway Inc. | $6M | 4.5% | — | 1.5 yr |
| FRDMFreedom 100 Emerging Mar | $6M | 4.4% | — | 1.5 yr |
| CSWCCapital Southwest Corpor | $5M | 3.9% | +11.4% | 1.5 yr |
| SCHFSchwab International Equ | $5M | 3.7% | — | 1.5 yr |
| VSSVanguard FTSE All-World | $5M | 3.6% | — | 1.5 yr |
| FNDASchwab Fundamental U.S. | $4M | 3.0% | — | 1.5 yr |
| MKLMarkel Corporation | $4M | 2.9% | +2.4% | 1.5 yr |
| TFINTriumph Financial, Inc. | $3M | 2.3% | +3.2% | 1.5 yr |
| BONDPIMCO Active Bond Exchan | $3M | 2.3% | — | 1.5 yr |
| AAPLApple Inc. | $3M | 2.1% | +14.7% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management54.6%+2.8pp$72M
Asset Management - Bonds6.9%-0.1pp$9M
Insurance - Diversified4.5%-1.4pp$6M
Semiconductors4.1%+0.7pp$5M
Internet Content & Information3.5%+0.6pp$5M
Banks - Regional3.4%+0.1pp$4M
Insurance - Property & Casualty3.1%-0.7pp$4M
Consumer Electronics2.1%-0.3pp$3M
Software - Infrastructure1.6%-0.5pp$2M
Agricultural - Machinery1.5%+1.0pp$2M
Country
US99.6%+0.2pp
CH0.2%-0.0pp
CA0.2%
Top 5: 34.7% · Top 10: 54.9% · Top 25: 81.8%
Top buys this quarter · 15
| CSWC Capital Southwest Corporation | +$0M |
| WNC Wabash National Corporation | +$0M |
| TER Teradyne, Inc.new | +$0M |
| PX P10, Inc.new | +$0M |
| TFIN Triumph Financial, Inc. | +$0M |
| HHH Howard Hughes Holdings Inc. | +$0M |
| OXY Occidental Petroleum Corporati | +$0M |
| MRK Merck & Co., Inc. | +$0M |
| TGT Target Corporation | +$0M |
| VNOM Viper Energy, Inc. | +$0M |
Top sells this quarter · 15
| GOOG Alphabet Inc. | −$0M |
| GS The Goldman Sachs Group, Inc. | −$0M |
| UNH UnitedHealth Group Incorporate | −$0M |
| AAPL Apple Inc. | −$0M |
| MKL Markel Corporation | −$0M |
| AVGO Broadcom Inc. | −$0M |
| INTC Intel Corporation | −$1M |
| JPM JPMorgan Chase & Co. | −$0M |
| TSLA Tesla, Inc. | −$0M |
| BFST Business First Bancshares, Inc | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $132M | 69 | +17.87% | +17.59% | +0.27% | +0.01B |
| 2025-12-31 | $131M | 64 | +14.64% | +17.72% | -3.08% | -0.00B |
| 2025-09-30 | $127M | 66 | +8.20% | +8.12% | +0.07% | +0.00B |
| 2025-06-30 | $115M | 64 | +10.28% | +10.78% | -0.50% | -0.00B |
| 2025-03-31 | $105M | 63 | -8.59% | -4.27% | -4.32% | +0.01B |
| 2024-12-31 | $109M | 62 | — | — | — | — |