Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.89%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.51%
baseline attrition
Rally response
-6.17%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BNDVanguard Total Bond Mark | $46M | 22.1% | — | 3.5 yr |
| GVIiShares Intermediate Gov | $32M | 15.3% | — | 3.5 yr |
| VTVVanguard Value ETF | $10M | 4.9% | — | 3.0 yr |
| EFAiShares MSCI EAFE ETF | $10M | 4.6% | — | 4.5 yr |
| VUGVanguard Growth ETF | $9M | 4.5% | — | 3.0 yr |
| HBNCHorizon Bancorp, Inc. | $9M | 4.5% | +13.4% | 4.5 yr |
| TDTTFlexShares iBoxx 3-Year | $9M | 4.3% | — | 2.3 yr |
| SKORFlexShares Credit-Scored | $9M | 4.2% | — | 2.3 yr |
| IEFAiShares Core MSCI EAFE E | $8M | 4.1% | — | 4.0 yr |
| EEMiShares MSCI Emerging Ma | $7M | 3.6% | — | 3.0 yr |
| IWMiShares Russell 2000 ETF | $6M | 3.0% | — | 4.5 yr |
| HYGVFlexShares High Yield Va | $5M | 2.5% | — | 2.5 yr |
| GUNRFlexShares Morningstar G | $4M | 2.0% | — | 3.0 yr |
| QDFFlexShares Quality Divid | $3M | 1.3% | — | 2.8 yr |
| RSPInvesco S&P 500 Equal We | $2M | 1.0% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management49.8%-1.0pp$103M
Asset Management - Bonds28.9%-3.0pp$60M
Banks - Regional4.5%+1.1pp$9M
Asset Management - Global2.0%+0.5pp$4M
Semiconductors1.9%+1.1pp$4M
Drug Manufacturers - General1.6%+0.1pp$3M
Internet Content & Information1.1%+0.4pp$2M
Software - Infrastructure1.1%-0.0pp$2M
Consumer Electronics0.7%+0.2pp$1M
Aerospace & Defense0.6%+0.2pp$1M
Country
US99.5%-0.3pp
IE0.4%+0.2pp
GB0.1%+0.1pp
CA0.0%-0.0pp
Top 5: 51.5% · Top 10: 72.0% · Top 25: 87.9%
Top buys this quarter · 15
| AVGO Broadcom Inc. | +$0M |
| KLAC KLA Corporationnew | +$0M |
| OVV Ovintiv Inc.new | +$0M |
| PCAR PACCAR Incnew | +$0M |
| GS The Goldman Sachs Group, Inc.new | +$0M |
| MDT Medtronic plc | +$0M |
| NFLX Netflix, Inc. | +$0M |
| GSK GSK plc | +$0M |
| CRM Salesforce, Inc. | +$0M |
| SCHW The Charles Schwab Corporation | +$0M |
Top sells this quarter · 15
| AFL Aflac Incorporated | −$0M |
| NSC Norfolk Southern Corporation | −$0M |
| EOG EOG Resources, Inc. | −$0M |
| CLX The Clorox Company | −$0M |
| HBNC Horizon Bancorp, Inc. | −$0M |
| NOW ServiceNow, Inc. | −$0M |
| MPC Marathon Petroleum Corporation | −$0M |
| ORCL Oracle Corporation | −$0M |
| CSCO Cisco Systems, Inc. | −$0M |
| AMD Advanced Micro Devices, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $208M | 199 | +15.83% | +17.59% | -1.76% | +0.01B |
| 2025-12-31 | $205M | 189 | +14.30% | +17.72% | -3.42% | -0.01B |
| 2025-09-30 | $210M | 183 | +13.65% | +17.52% | -3.87% | -0.00B |
| 2025-06-30 | $199M | 211 | +18.04% | +14.94% | +3.10% | +0.01B |
| 2025-03-31 | $177M | 176 | +8.27% | +8.30% | -0.03% | -0.03B |
| 2024-12-31 | $212M | 189 | +14.40% | +24.89% | -10.49% | -0.01B |
| 2024-09-30 | $216M | 217 | +30.79% | +36.04% | -5.25% | -0.02B |
| 2024-06-30 | $210M | 221 | +14.87% | +24.49% | -9.62% | +0.00B |
| 2024-03-31 | $210M | 237 | +14.46% | +29.62% | -15.16% | +0.00B |
| 2023-12-31 | $205M | 241 | +2.83% | +26.18% | -23.34% | +0.02B |
| 2023-09-30 | $156M | 238 | +3.19% | +21.57% | -18.38% | +0.00B |
| 2023-06-30 | $157M | 231 | +14.69% | +36.97% | -22.28% | +0.00B |
| 2023-03-31 | $157M | 179 | +38.50% | +51.44% | -12.93% | -0.00B |
| 2022-12-31 | $178M | 205 | +22.70% | +13.52% | +9.18% | +0.10B |
| 2020-09-30 | $71M | 246 | +9.04% | +9.04% | +0.00% | -0.03B |
| 2020-06-30 | $93M | 247 | +20.16% | +20.16% | +0.00% | +0.02B |