Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.41%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.14%
baseline attrition
Rally response
-3.67%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $274M | 4.8% | — | 10.5 yr |
| AAPLApple Inc. | $226M | 3.9% | +14.7% | 10.5 yr |
| MSFTMicrosoft Corporation | $180M | 3.1% | -0.6% | 10.5 yr |
| NVDANVIDIA Corporation | $169M | 2.9% | +60.9% | 7.8 yr |
| GOOGLAlphabet Inc. | $162M | 2.8% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $124M | 2.1% | +9.5% | 8.3 yr |
| MBBiShares MBS ETF | $108M | 1.9% | — | 7.3 yr |
| JPMJPMorgan Chase & Co. | $103M | 1.8% | +21.8% | 10.5 yr |
| AVGOBroadcom Inc. | $94M | 1.6% | +86.0% | 8.0 yr |
| XOMExxon Mobil Corporation | $92M | 1.6% | +47.6% | 10.5 yr |
| GLDSPDR Gold Shares | $72M | 1.2% | — | 10.0 yr |
| EFAiShares MSCI EAFE ETF | $71M | 1.2% | — | 10.5 yr |
| METAMeta Platforms, Inc. | $67M | 1.2% | -0.4% | 10.0 yr |
| IJHiShares Core S&P Mid-Cap | $66M | 1.1% | — | 10.5 yr |
| HWCHancock Whitney Corporat | $63M | 1.1% | +25.0% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management24.1%-4.7pp$1.39B
Semiconductors7.8%+2.2pp$450M
Internet Content & Information4.3%+0.2pp$249M
Consumer Electronics4.0%-1.4pp$228M
Drug Manufacturers - General3.9%+0.6pp$226M
Software - Infrastructure3.8%-1.5pp$220M
Specialty Retail3.1%-0.2pp$176M
Banks - Diversified2.9%+0.9pp$165M
Oil & Gas Integrated2.8%+1.1pp$159M
Banks - Regional2.6%-0.3pp$148M
Country
US96.7%-0.1pp
SG1.1%+0.9pp
IE0.7%+0.5pp
Unknown0.4%-0.6pp
GB0.3%-0.3pp
TW0.2%+0.1pp
BM0.1%-0.2pp
KY0.1%+0.1pp
Top 5: 17.6% · Top 10: 26.7% · Top 25: 41.4%
Top buys this quarter · 15
| CTSH Cognizant Technology Solutions | +$23M |
| CBT Cabot Corporation | +$12M |
| F-PD Ford Motor Company 6.500% Note | +$12M |
| SCHW The Charles Schwab Corporation | +$11M |
| MSM MSC Industrial Direct Co., Inc | +$9M |
| PRU Prudential Financial, Inc. | +$9M |
| DELL Dell Technologies Inc. | +$9M |
| LMT Lockheed Martin Corporation | +$7M |
| PII Polaris Inc. | +$7M |
| CCK Crown Holdings, Inc. | +$7M |
Top sells this quarter · 15
| HD The Home Depot, Inc. | −$39M |
| UPS United Parcel Service, Inc. | −$16M |
| MA Mastercard Incorporated | −$11M |
| STX Seagate Technology Holdings pl | −$22M |
| WAT Waters Corporation | −$9M |
| SFM Sprouts Farmers Market, Inc. | −$8M |
| HPE Hewlett Packard Enterprise Com | −$7M |
| MU Micron Technology, Inc. | −$20M |
| NOW ServiceNow, Inc. | −$6M |
| XOM Exxon Mobil Corporation | −$72M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.75B | 745 | +21.18% | +17.59% | +3.59% | +0.23B |
| 2025-12-31 | $5.54B | 766 | +15.75% | +17.72% | -1.97% | -0.03B |
| 2025-09-30 | $5.49B | 764 | +16.94% | +17.52% | -0.57% | -0.10B |
| 2025-06-30 | $5.23B | 746 | +16.02% | +14.94% | +1.08% | +1.79B |
| 2025-03-31 | $3.06B | 643 | +4.81% | +8.30% | -3.50% | +0.06B |
| 2024-12-31 | $3.16B | 630 | +21.35% | +24.89% | -3.54% | -0.02B |
| 2024-09-30 | $3.10B | 616 | +32.03% | +36.04% | -4.01% | -0.02B |
| 2024-06-30 | $2.94B | 599 | +19.91% | +24.49% | -4.58% | +0.00B |
| 2024-03-31 | $2.90B | 633 | +26.83% | +29.62% | -2.80% | -0.06B |
| 2023-12-31 | $2.69B | 627 | +20.16% | +26.18% | -6.02% | -0.01B |
| 2023-09-30 | $2.42B | 617 | +15.93% | +21.57% | -5.63% | -0.03B |
| 2023-06-30 | $2.54B | 617 | +8.89% | +19.42% | -10.54% | -0.15B |
| 2023-03-31 | $2.51B | 669 | -16.67% | -7.82% | -8.85% | -0.18B |
| 2022-12-31 | $2.58B | 615 | -23.73% | -18.17% | -5.55% | +0.07B |
| 2022-09-30 | $2.34B | 604 | -21.20% | -15.51% | -5.69% | +0.08B |
| 2022-06-30 | $2.50B | 627 | -12.45% | -10.62% | -1.83% | +0.08B |