Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.26%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.76%
steady accumulation
Rally response
+0.81%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $991M | 11.7% | — | 10.5 yr |
| BRK-ABerkshire Hathaway Inc. | $462M | 5.5% | — | 10.5 yr |
| TJXThe TJX Companies, Inc. | $456M | 5.4% | +32.7% | 10.5 yr |
| IEFAiShares Core MSCI EAFE E | $414M | 4.9% | — | 7.0 yr |
| AAPLApple Inc. | $371M | 4.4% | +14.7% | 10.5 yr |
| VEAVanguard FTSE Developed | $306M | 3.6% | — | 10.5 yr |
| MSFTMicrosoft Corporation | $238M | 2.8% | -0.6% | 10.5 yr |
| CPNGCoupang, Inc. | $220M | 2.6% | -13.9% | 4.8 yr |
| GOOGLAlphabet Inc. | $196M | 2.3% | — | 10.5 yr |
| EIPXFT Energy Income Partner | $162M | 1.9% | — | 3.5 yr |
| EPSWisdomTree U.S. LargeCap | $127M | 1.5% | — | 2.3 yr |
| AMZNAmazon.com, Inc. | $126M | 1.5% | +9.5% | 10.5 yr |
| NVDANVIDIA Corporation | $121M | 1.4% | +60.9% | 9.3 yr |
| IJHiShares Core S&P Mid-Cap | $120M | 1.4% | — | 10.5 yr |
| XOMExxon Mobil Corporation | $100M | 1.2% | +47.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management37.6%+2.3pp$3.18B
Insurance - Diversified6.2%-1.4pp$524M
Apparel - Retail5.5%+0.8pp$464M
Consumer Electronics4.4%-0.2pp$372M
Specialty Retail4.4%-1.2pp$370M
Semiconductors4.3%+1.4pp$364M
Internet Content & Information3.8%+1.2pp$319M
Software - Infrastructure3.4%-0.6pp$288M
Drug Manufacturers - General3.1%+0.1pp$258M
Asset Management - Income2.1%-0.1pp$180M
Country
US95.4%+1.3pp
KR2.6%-1.1pp
CA0.5%+0.1pp
IE0.4%-0.1pp
GB0.4%-0.1pp
CH0.2%+0.0pp
Unknown0.2%+0.0pp
NL0.1%+0.0pp
Top 5: 31.9% · Top 10: 45.1% · Top 25: 61.8%
Top buys this quarter · 15
| AXP American Express Company | +$29M |
| OTF Blue Owl Technology Finance Co | +$1M |
| AZN AstraZeneca PLCnew | +$1M |
| EQIX Equinix, Inc.new | +$1M |
| BSX Boston Scientific Corporation | +$1M |
| MDT Medtronic plc | +$1M |
| TSM Taiwan Semiconductor Manufactu | +$1M |
| TXN Texas Instruments Incorporated | +$1M |
| WMB The Williams Companies, Inc. | +$1M |
| ADI Analog Devices, Inc. | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.46B | 863 | +16.36% | +17.59% | -1.24% | -0.07B |
| 2025-12-31 | $8.80B | 855 | +16.12% | +17.72% | -1.60% | -0.05B |
| 2025-09-30 | $8.83B | 845 | +15.43% | +17.52% | -2.09% | -0.05B |
| 2025-06-30 | $8.13B | 825 | +12.90% | +14.94% | -2.04% | -0.23B |
| 2025-03-31 | $7.63B | 814 | +7.23% | +8.30% | -1.07% | +0.30B |
| 2024-12-31 | $7.57B | 685 | +18.90% | +24.89% | -5.99% | +0.44B |
| 2024-09-30 | $7.16B | 652 | +30.44% | +36.04% | -5.60% | +0.04B |
| 2024-06-30 | $6.66B | 627 | +17.27% | +24.49% | -7.22% | -0.12B |
| 2024-03-31 | $6.52B | 640 | +20.39% | +29.62% | -9.24% | +0.09B |
| 2023-12-31 | $5.98B | 621 | +18.35% | +26.18% | -7.82% | +0.01B |
| 2023-09-30 | $5.47B | 608 | +17.32% | +21.57% | -4.25% | +0.02B |
| 2023-06-30 | $5.67B | 622 | +20.79% | +19.42% | +1.37% | -0.08B |
| 2023-03-31 | $5.39B | 612 | -2.50% | -7.82% | +5.31% | -0.03B |
| 2022-12-31 | $5.14B | 623 | -11.87% | -18.17% | +6.30% | +0.13B |
| 2022-09-30 | $4.62B | 608 | -9.67% | -15.51% | +5.83% | -0.07B |
| 2022-06-30 | $4.74B | 624 | -8.18% | -10.62% | +2.44% | -0.06B |