Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-22.48%
trims when stocks drop
when a holding falls −10%+
Middle response
-14.23%
baseline attrition
Rally response
-18.42%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $7M | 3.0% | +14.7% | 2.3 yr |
| MSFTMicrosoft Corporation | $6M | 2.5% | -0.6% | 2.0 yr |
| NVDANVIDIA Corporation | $6M | 2.5% | +60.9% | 2.0 yr |
| OUSAALPS Funds OâShares U. | $5M | 1.9% | — | 2.0 yr |
| RDVYFirst Trust Rising Divid | $4M | 1.5% | — | 2.0 yr |
| LLYEli Lilly and Company | $3M | 1.3% | +12.2% | 2.0 yr |
| BRK-BBerkshire Hathaway Inc. | $3M | 1.3% | — | 2.0 yr |
| IVViShares Core S&P 500 ETF | $3M | 1.2% | — | 2.0 yr |
| VUGVanguard Growth ETF | $3M | 1.2% | — | 2.0 yr |
| AMZNAmazon.com, Inc. | $3M | 1.1% | +9.5% | 2.3 yr |
| AVGOBroadcom Inc. | $3M | 1.1% | +86.0% | 2.3 yr |
| VOOVanguard S&P 500 ETF | $2M | 0.9% | — | 2.0 yr |
| WMTWalmart Inc. | $2M | 0.9% | +42.8% | 2.0 yr |
| CGXUCapital Group Internatio | $2M | 0.9% | — | 2.0 yr |
| TSLATesla, Inc. | $2M | 0.8% | +43.4% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management31.7%+10.5pp$77M
Unknown10.3%+9.2pp$25M
Semiconductors6.3%-2.0pp$15M
Software - Infrastructure3.3%-2.5pp$8M
Drug Manufacturers - General3.1%-1.6pp$8M
Consumer Electronics3.0%+0.5pp$7M
Industrial - Machinery2.5%-0.4pp$6M
Aerospace & Defense2.1%-0.1pp$5M
Internet Content & Information1.9%+0.3pp$5M
Discount Stores1.8%-0.0pp$4M
Country
US85.2%-9.3pp
Unknown10.3%+9.2pp
CA1.1%+0.8pp
IE1.0%-0.5pp
GB0.7%-0.2pp
CH0.6%-0.2pp
TW0.4%+0.2pp
NL0.3%+0.0pp
Top 5: 11.4% · Top 10: 17.4% · Top 25: 29.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $26M | +0.02B | 60.9% |
| AVGO | $6M | +0.00B | 86.0% |
| SPY | $13M | +0.00B | 17.6% |
| WMT | $5M | +0.00B | 42.8% |
| AAPL | $15M | +0.00B | 14.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $26M | -0.00B | -0.6% |
Top buys this quarter · 15
| WM Waste Management, Inc. | +$1M |
| TT Trane Technologies plc | +$1M |
| ESE ESCO Technologies Inc.new | +$1M |
| CW Curtiss-Wright Corporationnew | +$0M |
| MTSI MACOM Technology Solutions Holnew | +$0M |
| MSI Motorola Solutions, Inc. | +$0M |
| FIVE Five Below, Inc.new | +$0M |
| AZN AstraZeneca PLCnew | +$0M |
| TSM Taiwan Semiconductor Manufactu | +$0M |
| STRL Sterling Infrastructure, Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $242M | 1317 | +15.72% | +17.59% | -1.87% | -0.03B |
| 2025-12-31 | $281M | 1191 | +15.63% | +17.72% | -2.09% | +0.23B |
| 2025-09-30 | $50M | 527 | +11.80% | +17.52% | -5.71% | -0.77B |
| 2025-06-30 | $775M | 1639 | +12.86% | +14.94% | -2.08% | +0.13B |
| 2025-03-31 | $584M | 1538 | +8.79% | +8.30% | +0.49% | +0.10B |
| 2024-12-31 | $495M | 1330 | -1.55% | +2.49% | -4.04% | +0.15B |
| 2024-09-30 | $354M | 1320 | +7.44% | +5.75% | +1.69% | +0.04B |
| 2024-06-30 | $294M | 1200 | +6.10% | +4.38% | +1.72% | +0.03B |
| 2024-03-31 | $248M | 166 | — | — | — | — |