Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.40%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.25%
baseline attrition
Rally response
+1.03%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $458M | 6.4% | — | 10.3 yr |
| AAPLApple Inc. | $354M | 4.9% | +14.7% | 10.5 yr |
| IVViShares Core S&P 500 ETF | $293M | 4.1% | — | 10.5 yr |
| NVDANVIDIA Corporation | $287M | 4.0% | +60.9% | 10.5 yr |
| MSFTMicrosoft Corporation | $218M | 3.0% | -0.6% | 10.5 yr |
| IEFAiShares Core MSCI EAFE E | $207M | 2.9% | — | 8.3 yr |
| IJHiShares Core S&P Mid-Cap | $206M | 2.9% | — | 10.5 yr |
| GOOGLAlphabet Inc. | $196M | 2.7% | — | 10.5 yr |
| SPYState Street SPDR S&P 50 | $146M | 2.0% | +17.6% | 10.5 yr |
| AMZNAmazon.com, Inc. | $139M | 1.9% | +9.5% | 10.5 yr |
| VEAVanguard FTSE Developed | $129M | 1.8% | — | 8.3 yr |
| VTVVanguard Value ETF | $124M | 1.7% | — | 7.3 yr |
| IEMGiShares Core MSCI Emergi | $116M | 1.6% | — | 8.5 yr |
| PGThe Procter & Gamble Com | $104M | 1.4% | -12.9% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $103M | 1.4% | +21.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management43.0%-5.9pp$3.08B
Semiconductors6.3%+2.1pp$451M
Internet Content & Information5.1%+1.5pp$363M
Consumer Electronics4.9%+2.2pp$354M
Software - Infrastructure3.6%-0.4pp$262M
Banks - Diversified3.1%+0.4pp$224M
Drug Manufacturers - General3.0%+0.2pp$218M
Specialty Retail2.3%+0.6pp$163M
Financial - Credit Services2.1%-0.3pp$151M
Industrial - Machinery1.6%-0.3pp$111M
Country
US98.1%+0.4pp
IE0.9%-0.2pp
GB0.4%+0.1pp
CH0.2%+0.1pp
CA0.2%+0.1pp
LU0.1%+0.1pp
BM0.0%
Unknown0.0%-0.5pp
Top 5: 22.4% · Top 10: 34.9% · Top 25: 53.6%
Top buys this quarter · 15
| GS The Goldman Sachs Group, Inc. | +$13M |
| NFLX Netflix, Inc. | +$11M |
| NEM Newmont Corporation | +$8M |
| LRCX Lam Research Corporation | +$6M |
| ORLY O'Reilly Automotive, Inc. | +$6M |
| FSLR First Solar, Inc. | +$5M |
| HII Huntington Ingalls Industries, | +$5M |
| CEG Constellation Energy Corporati | +$5M |
| FIG Figma, Inc.new | +$3M |
| VRTX Vertex Pharmaceuticals Incorpo | +$3M |
Top sells this quarter · 15
| BR Broadridge Financial Solutions | −$14M |
| MPC Marathon Petroleum Corporation | −$12M |
| SPY State Street SPDR S&P 500 ETF | −$11M |
| GOOG Alphabet Inc. | −$9M |
| RJF Raymond James Financial, Inc. | −$6M |
| BW Babcock & Wilcox Enterprises, exit | −$6M |
| AAPL Apple Inc. | −$5M |
| ETN Eaton Corporation plc | −$48M |
| PFE Pfizer Inc. | −$5M |
| AON Aon plc | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $7.18B | 831 | +18.34% | +17.59% | +0.75% | +0.08B |
| 2025-12-31 | $7.45B | 808 | +18.12% | +17.72% | +0.40% | +0.03B |
| 2025-09-30 | $7.29B | 790 | +18.89% | +17.52% | +1.37% | +0.54B |
| 2025-06-30 | $6.21B | 686 | +15.23% | +14.94% | +0.29% | +0.52B |
| 2025-03-31 | $5.06B | 611 | +5.49% | +8.30% | -2.81% | +0.19B |
| 2024-12-31 | $5.12B | 573 | +21.83% | +24.89% | -3.06% | +0.03B |
| 2024-09-30 | $4.97B | 556 | +32.74% | +36.04% | -3.30% | +0.22B |
| 2024-06-30 | $4.50B | 523 | +21.64% | +24.49% | -2.86% | +1.32B |
| 2024-03-31 | $3.09B | 433 | +27.36% | +29.62% | -2.26% | -0.09B |
| 2023-12-31 | $2.90B | 393 | +23.06% | +26.18% | -3.12% | +0.16B |
| 2023-09-30 | $2.45B | 339 | +19.15% | +21.57% | -2.42% | -0.20B |
| 2023-06-30 | $2.75B | 379 | +18.72% | +19.42% | -0.70% | -0.20B |
| 2023-03-31 | $2.73B | 447 | -5.95% | -7.82% | +1.87% | +0.01B |
| 2022-12-31 | $2.56B | 414 | -15.41% | -18.17% | +2.77% | +0.13B |
| 2022-09-30 | $2.25B | 406 | -13.06% | -15.51% | +2.45% | -0.04B |
| 2022-06-30 | $2.38B | 416 | -9.06% | -10.62% | +1.56% | -0.05B |