Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.40%
trims when stocks drop
when a holding falls −10%+
Middle response
-15.71%
baseline attrition
Rally response
-21.24%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VGKVanguard FTSE Europe ETF | $10M | 9.0% | — | 0.5 yr |
| SCHXSchwab U.S. Large-Cap ET | $6M | 5.6% | — | 0.5 yr |
| VPLVanguard FTSE Pacific ET | $6M | 5.4% | — | 0.5 yr |
| SCHESchwab Emerging Markets | $4M | 4.0% | — | 0.5 yr |
| FTECFidelity MSCI Informatio | $4M | 3.6% | — | 0.5 yr |
| XLKState Street Technology | $4M | 3.4% | — | 0.5 yr |
| SCHCSchwab International Sma | $4M | 3.3% | — | 0.5 yr |
| SCHMSchwab U.S. Mid-Cap ETF | $3M | 2.5% | — | 0.5 yr |
| VOEVanguard Mid-Cap Value E | $2M | 1.9% | — | 0.5 yr |
| VBRVanguard Small-Cap Value | $2M | 1.8% | — | 0.5 yr |
| IEURiShares Core MSCI Europe | $2M | 1.8% | — | 0.5 yr |
| FDISFidelity MSCI Consumer D | $2M | 1.8% | — | 0.5 yr |
| FNCLFidelity MSCI Financials | $2M | 1.8% | — | 0.5 yr |
| VWOVanguard FTSE Emerging M | $2M | 1.7% | — | 0.5 yr |
| SCHASchwab U.S. Small-Cap ET | $2M | 1.7% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management85.3%$95M
Semiconductors1.5%$2M
Internet Content & Information1.3%$1M
Oil & Gas Integrated1.0%$1M
Discount Stores0.9%$1M
Asset Management - Global0.7%$1M
Consumer Electronics0.6%$1M
Software - Application0.6%$1M
Insurance - Diversified0.6%$1M
Oil & Gas Refining & Marketing0.6%$1M
Country
US99.4%
CH0.5%
GB0.1%
Top 5: 27.7% · Top 10: 40.6% · Top 25: 63.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| PTRN Pattern Group Inc. Series A Co | +$0M |
| CVX Chevron Corporationnew | +$0M |
| UNH UnitedHealth Group Incorporate | +$1M |
| VST Vistra Corp. | +$0M |
| AVGO Broadcom Inc. | +$0M |
| MSFT Microsoft Corporation | +$0M |
| PSX Phillips 66 | +$0M |
| BOXX Alpha Architect 1-3 Month Box new | +$0M |
| FDIS Fidelity MSCI Consumer Discret | +$0M |
| FSTA Fidelity MSCI Consumer Staples | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $111M | 103 | -1.62% | -4.37% | +2.75% | +0.01B |
| 2025-12-31 | $103M | 105 | — | — | — | — |