Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.70%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.29%
baseline attrition
Rally response
-4.16%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $121M | 12.2% | — | 8.0 yr |
| QQQInvesco QQQ Trust, Serie | $80M | 8.1% | — | 6.3 yr |
| AROWArrow Financial Corporat | $63M | 6.3% | +32.8% | 10.5 yr |
| IJHiShares Core S&P Mid-Cap | $62M | 6.3% | — | 10.5 yr |
| IJRiShares Core S&P Small-C | $48M | 4.8% | — | 10.5 yr |
| IDEViShares Core MSCI Intern | $47M | 4.7% | — | 4.5 yr |
| SPYVState Street SPDR Portfo | $44M | 4.4% | — | 10.5 yr |
| IBHFiShares iBonds 2026 Term | $31M | 3.1% | — | 1.5 yr |
| VOVanguard Mid-Cap ETF | $22M | 2.2% | — | 7.8 yr |
| AAPLApple Inc. | $18M | 1.8% | +14.7% | 10.5 yr |
| NVDANVIDIA Corporation | $17M | 1.8% | +60.9% | 8.8 yr |
| VOLTTema Electrification ETF | $16M | 1.6% | — | 0.5 yr |
| IBDXiShares iBonds Dec 2032 | $16M | 1.6% | — | 3.3 yr |
| IBDYiShares iBonds Dec 2033 | $15M | 1.5% | — | 2.8 yr |
| GOOGLAlphabet Inc. | $15M | 1.5% | — | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management53.9%+1.7pp$536M
Asset Management - Bonds9.8%-3.2pp$97M
Banks - Regional6.3%+0.8pp$63M
Asset Management - Income4.7%+0.5pp$46M
Semiconductors2.6%+1.0pp$26M
Internet Content & Information2.3%+0.6pp$23M
Software - Infrastructure2.0%-0.3pp$20M
Consumer Electronics1.8%-0.0pp$18M
Drug Manufacturers - General1.5%-0.1pp$15M
Banks - Diversified1.1%-0.0pp$11M
Country
US99.2%-0.7pp
Unknown0.6%
IE0.1%
CA0.0%
Top 5: 37.7% · Top 10: 53.9% · Top 25: 75.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AROW | $50M | +0.02B | 32.8% |
| NVDA | $11M | +0.01B | 60.9% |
| AAPL | $16M | +0.00B | 14.7% |
| JPM | $7M | +0.00B | 21.8% |
| AMZN | $8M | +0.00B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $14M | -0.00B | -0.6% |
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$13M |
| ETN Eaton Corporation plc | +$0M |
| PANW Palo Alto Networks, Inc. | +$0M |
| AVGO Broadcom Inc. | +$0M |
| CRM Salesforce, Inc. | +$3M |
| AROW Arrow Financial Corporation | +$0M |
| DIS The Walt Disney Company | +$3M |
| ORCL Oracle Corporation | +$5M |
| MRVL Marvell Technology, Inc. | +$0M |
| LYB LyondellBasell Industries N.V. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $994M | 157 | +18.85% | +17.59% | +1.26% | +0.01B |
| 2025-12-31 | $1.00B | 159 | +14.68% | +17.72% | -3.04% | -0.01B |
| 2025-09-30 | $978M | 160 | +13.29% | +17.52% | -4.23% | -0.05B |
| 2025-06-30 | $950M | 160 | +12.33% | +14.94% | -2.61% | -0.02B |
| 2025-03-31 | $894M | 155 | +6.78% | +8.30% | -1.52% | -0.11B |
| 2024-12-31 | $1.05B | 167 | +19.41% | +24.89% | -5.48% | -0.05B |
| 2024-09-30 | $1.08B | 340 | +36.33% | +36.04% | +0.29% | -0.02B |
| 2024-06-30 | $1.03B | 336 | +21.44% | +24.49% | -3.05% | -0.01B |
| 2024-03-31 | $1.01B | 333 | +23.23% | +29.62% | -6.40% | -0.02B |
| 2023-12-31 | $964M | 348 | +16.63% | +26.18% | -9.54% | -0.03B |
| 2023-09-30 | $853M | 344 | +10.86% | +21.57% | -10.71% | +0.06B |
| 2023-06-30 | $829M | 324 | +9.74% | +19.42% | -9.68% | +0.03B |
| 2023-03-31 | $767M | 324 | -8.43% | -7.82% | -0.61% | +0.03B |
| 2022-12-31 | $737M | 329 | -13.13% | -18.17% | +5.05% | -0.02B |
| 2022-09-30 | $686M | 335 | -12.89% | -15.51% | +2.61% | -0.01B |
| 2022-06-30 | $733M | 349 | -7.14% | -10.62% | +3.48% | +0.00B |