Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-18.37%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.42%
baseline attrition
Rally response
-3.76%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QQQInvesco QQQ Trust, Serie | $29M | 16.8% | — | 0.5 yr |
| MGVVanguard Mega Cap Value | $29M | 16.7% | — | 0.5 yr |
| IVViShares Core S&P 500 ETF | $15M | 8.8% | — | 0.5 yr |
| IAUiShares Gold Trust | $9M | 5.4% | — | 0.5 yr |
| AAPLApple Inc. | $5M | 3.1% | — | 0.5 yr |
| IJHiShares Core S&P Mid-Cap | $5M | 3.1% | — | 0.5 yr |
| NVDANVIDIA Corporation | $4M | 2.4% | — | 0.5 yr |
| FIVAFidelity International V | $4M | 2.2% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $3M | 1.8% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $3M | 1.7% | — | 0.5 yr |
| GCOWPacer Global Cash Cows D | $3M | 1.6% | — | 0.3 yr |
| SPGSimon Property Group, In | $3M | 1.6% | — | 0.5 yr |
| XLUState Street Utilities S | $3M | 1.5% | — | 0.5 yr |
| CATCaterpillar Inc. | $3M | 1.4% | — | 0.5 yr |
| IEIiShares 3-7 Year Treasur | $2M | 1.3% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management61.5%$108M
Semiconductors5.7%$10M
Consumer Electronics3.1%$5M
Software - Infrastructure2.9%$5M
Internet Content & Information2.6%$5M
Asset Management - Global2.1%$4M
Aerospace & Defense2.0%$4M
REIT - Retail1.6%$3M
Discount Stores1.6%$3M
Drug Manufacturers - General1.5%$3M
Country
US97.6%
TW1.2%
SG0.7%
GB0.3%
Unknown0.2%
Top 5: 50.8% · Top 10: 62.0% · Top 25: 79.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| FIX Comfort Systems USA, Inc.new | +$2M |
| CIEN Ciena Corporationnew | +$2M |
| COHR Coherent, Inc.new | +$1M |
| RTX RTX Corporationnew | +$1M |
| PLAB Photronics, Inc.new | +$1M |
| WDC Western Digital Corporationnew | +$1M |
| KLAC KLA Corporationnew | +$1M |
| GLW Corning Incorporatednew | +$1M |
| VIAV Viavi Solutions Inc.new | +$1M |
| KLIC Kulicke and Soffa Industries, new | +$1M |
Top sells this quarter · 15
| VRT Vertiv Holdings Coexit | −$2M |
| AMD Advanced Micro Devices, Inc.exit | −$1M |
| GILD Gilead Sciences, Inc. | −$1M |
| GMAB Genmab A/Sexit | −$1M |
| AMZN Amazon.com, Inc. | −$1M |
| HOOD Robinhood Markets, Inc.exit | −$1M |
| CRWD CrowdStrike Holdings, Inc. | −$1M |
| PLTR Palantir Technologies Inc. | −$1M |
| BIP Brookfield Infrastructure Partexit | −$1M |
| ADM Archer-Daniels-Midland Companyexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $175M | 85 | +0.53% | -4.37% | +4.90% | -0.02B |
| 2025-12-31 | $196M | 84 | — | — | — | — |