Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.20%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.13%
steady accumulation
Rally response
+2.76%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $1.19B | 3.3% | — | 10.3 yr |
| NVDANVIDIA Corporation | $677M | 1.9% | +60.9% | 9.0 yr |
| AAPLApple Inc. | $652M | 1.8% | +14.7% | 9.0 yr |
| MSFTMicrosoft Corporation | $499M | 1.4% | -0.6% | 9.3 yr |
| VEAVanguard FTSE Developed | $487M | 1.4% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $443M | 1.2% | +9.5% | 9.0 yr |
| QQQInvesco QQQ Trust, Serie | $437M | 1.2% | — | 7.8 yr |
| IEMGiShares Core MSCI Emergi | $434M | 1.2% | — | 9.3 yr |
| DYNFiShares U.S. Equity Fact | $421M | 1.2% | — | 6.3 yr |
| VOOVanguard S&P 500 ETF | $406M | 1.1% | — | 9.3 yr |
| SPYState Street SPDR S&P 50 | $399M | 1.1% | +17.6% | 10.5 yr |
| IVWiShares S&P 500 Growth E | $377M | 1.1% | — | 9.0 yr |
| GOOGLAlphabet Inc. | $368M | 1.0% | — | 9.0 yr |
| IEFAiShares Core MSCI EAFE E | $364M | 1.0% | — | 9.0 yr |
| IVEiShares S&P 500 Value ET | $363M | 1.0% | — | 9.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management57.7%+0.8pp$20.67B
Asset Management - Bonds6.0%-0.1pp$2.17B
Semiconductors4.0%+1.3pp$1.42B
Internet Content & Information2.4%+0.4pp$843M
Software - Infrastructure2.1%-0.3pp$746M
Consumer Electronics1.8%+0.0pp$660M
Drug Manufacturers - General1.7%-0.1pp$599M
Asset Management - Income1.6%-0.2pp$571M
Specialty Retail1.4%-0.1pp$513M
Banks - Diversified1.2%-0.1pp$428M
Country
US96.7%-0.4pp
Unknown0.7%+0.4pp
IE0.5%-0.0pp
GB0.5%+0.0pp
TW0.4%+0.1pp
CA0.3%+0.0pp
NL0.2%+0.0pp
CH0.2%+0.0pp
Top 5: 9.8% · Top 10: 15.8% · Top 25: 28.4%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$28M |
| FICO Fair Isaac Corporation | +$12M |
| NVDA NVIDIA Corporation | +$677M |
| INTU Intuit Inc. | +$9M |
| ICE Intercontinental Exchange, Inc | +$7M |
| BKR Baker Hughes Company | +$7M |
| RTX RTX Corporation | +$7M |
| RDDT Reddit, Inc. | +$6M |
| CSL Carlisle Companies Incorporate | +$6M |
| DAL Delta Air Lines, Inc. | +$6M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$76M |
| AAPL Apple Inc. | −$53M |
| JPM JPMorgan Chase & Co. | −$44M |
| AMZN Amazon.com, Inc. | −$38M |
| MSFT Microsoft Corporation | −$33M |
| META Meta Platforms, Inc. | −$32M |
| TSM Taiwan Semiconductor Manufactu | −$27M |
| ABBV AbbVie Inc. | −$23M |
| AMP Ameriprise Financial, Inc. | −$23M |
| PM Philip Morris International In | −$22M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $35.81B | 2926 | +16.21% | +17.59% | -1.38% | -3.39B |
| 2025-12-31 | $40.78B | 2964 | +16.68% | +17.72% | -1.04% | +2.93B |
| 2025-09-30 | $37.24B | 2860 | +17.43% | +17.52% | -0.09% | +0.28B |
| 2025-06-30 | $34.43B | 2786 | +16.47% | +14.94% | +1.52% | +1.37B |
| 2025-03-31 | $29.84B | 2668 | +6.45% | +8.30% | -1.85% | +2.04B |
| 2024-12-31 | $28.80B | 2642 | +19.63% | +24.89% | -5.26% | +0.87B |
| 2024-09-30 | $27.30B | 2551 | +30.81% | +36.04% | -5.23% | +1.08B |
| 2024-06-30 | $24.63B | 2454 | +18.52% | +24.49% | -5.97% | +0.19B |
| 2024-03-31 | $24.13B | 2450 | +28.17% | +29.62% | -1.45% | +0.73B |
| 2023-12-31 | $21.58B | 2425 | +24.31% | +26.18% | -1.87% | +1.46B |
| 2023-09-30 | $17.98B | 2283 | +19.52% | +21.57% | -2.05% | +0.58B |
| 2023-06-30 | $18.03B | 2279 | +17.60% | +19.42% | -1.82% | +2.66B |
| 2023-03-31 | $14.04B | 2008 | -8.46% | -7.82% | -0.64% | -1.88B |
| 2022-12-31 | $15.13B | 2136 | -16.98% | -18.17% | +1.19% | +1.06B |
| 2022-09-30 | $13.08B | 2056 | -14.28% | -15.51% | +1.23% | +0.70B |
| 2022-06-30 | $13.04B | 2012 | -9.17% | -10.62% | +1.45% | +1.04B |