Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.09%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.53%
baseline attrition
Rally response
-0.16%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $105M | 16.7% | — | 7.8 yr |
| EFAiShares MSCI EAFE ETF | $36M | 5.7% | — | 7.8 yr |
| IWMiShares Russell 2000 ETF | $29M | 4.6% | — | 7.8 yr |
| BONDPIMCO Active Bond Exchan | $22M | 3.5% | — | 0.8 yr |
| AAPLApple Inc. | $19M | 3.1% | +14.7% | 10.3 yr |
| AGGiShares Core U.S. Aggreg | $18M | 2.9% | — | 0.8 yr |
| FCFFirst Commonwealth Finan | $18M | 2.8% | +16.9% | 10.5 yr |
| VPLSVanguard Core-Plus Bond | $17M | 2.7% | — | 0.8 yr |
| BNDVanguard Total Bond Mark | $14M | 2.3% | — | 0.8 yr |
| FBNDFidelity Total Bond ETF | $14M | 2.2% | — | 0.8 yr |
| EEMiShares MSCI Emerging Ma | $12M | 1.9% | — | 7.8 yr |
| XBAPInnovator U.S. Equity Ac | $11M | 1.7% | — | 3.0 yr |
| MSFTMicrosoft Corporation | $9M | 1.5% | -0.6% | 10.5 yr |
| NVDANVIDIA Corporation | $8M | 1.3% | +60.9% | 7.5 yr |
| GOOGLAlphabet Inc. | $8M | 1.3% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management61.1%+0.8pp$384M
Asset Management - Bonds5.6%$35M
Banks - Regional4.0%-2.0pp$25M
Semiconductors3.3%+0.6pp$21M
Consumer Electronics3.1%-0.8pp$19M
Internet Content & Information2.2%+0.2pp$14M
Software - Infrastructure1.8%-0.5pp$11M
Aerospace & Defense1.5%+0.2pp$10M
Banks - Diversified1.4%+0.0pp$9M
Drug Manufacturers - General1.1%-0.5pp$7M
Country
US98.8%+0.4pp
Unknown0.4%-0.2pp
IE0.3%-0.4pp
GB0.1%+0.1pp
TW0.1%+0.0pp
SG0.1%
NL0.1%-0.0pp
BM0.1%-0.1pp
Top 5: 33.5% · Top 10: 46.4% · Top 25: 62.4%
Top buys this quarter · 15
| 0HQN.L Cboe Global Markets, Inc.new | +$1M |
| GD General Dynamics Corporationnew | +$1M |
| ROST Ross Stores, Inc.new | +$1M |
| XEL Xcel Energy Inc. | +$1M |
| BEN Franklin Resources, Inc.new | +$1M |
| MSFT Microsoft Corporation | +$9M |
| NUE Nucor Corporationnew | +$1M |
| AAPL Apple Inc. | +$19M |
| AMZN Amazon.com, Inc. | +$1M |
| NFLX Netflix, Inc. | +$1M |
Top sells this quarter · 15
| AXP American Express Company | −$1M |
| STBA S&T Bancorp, Inc. | −$2M |
| LRCX Lam Research Corporation | −$2M |
| MA Mastercard Incorporatedexit | −$1M |
| AMP Ameriprise Financial, Inc.exit | −$1M |
| MET MetLife, Inc. | −$1M |
| PNC The PNC Financial Services Gro | −$1M |
| AMAT Applied Materials, Inc. | −$1M |
| COST Costco Wholesale Corporation | −$1M |
| EIX Edison International | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $629M | 264 | +21.18% | +17.59% | +3.58% | +0.03B |
| 2025-12-31 | $606M | 259 | +15.91% | +17.72% | -1.81% | -0.00B |
| 2025-09-30 | $597M | 264 | +15.21% | +17.52% | -2.31% | +0.09B |
| 2025-06-30 | $463M | 226 | +15.17% | +14.94% | +0.23% | -0.00B |
| 2025-03-31 | $425M | 220 | +8.11% | +8.30% | -0.19% | +0.02B |
| 2024-12-31 | $423M | 218 | +17.77% | +24.89% | -7.11% | -0.00B |
| 2024-09-30 | $417M | 202 | +31.62% | +36.04% | -4.42% | -0.00B |
| 2024-06-30 | $388M | 194 | +15.88% | +24.49% | -8.61% | -0.00B |
| 2024-03-31 | $377M | 195 | +18.85% | +29.62% | -10.78% | +0.04B |
| 2023-12-31 | $323M | 171 | +19.53% | +26.18% | -6.65% | -0.02B |
| 2023-09-30 | $299M | 166 | +14.45% | +21.57% | -7.11% | +0.01B |
| 2023-06-30 | $308M | 164 | +15.77% | +19.42% | -3.65% | +0.01B |
| 2023-03-31 | $277M | 172 | -5.02% | -7.82% | +2.80% | -0.00B |
| 2022-12-31 | $269M | 172 | -12.86% | -18.17% | +5.31% | +0.01B |
| 2022-09-30 | $239M | 165 | -11.08% | -15.51% | +4.43% | -0.02B |
| 2022-06-30 | $267M | 172 | -7.51% | -10.62% | +3.11% | -0.00B |