Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.50%
adds when stocks drop
when a holding falls −10%+
Middle response
+11.24%
steady accumulation
Rally response
-8.29%
trims into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MAXMediaAlpha, Inc. | $166M | 53.0% | +0.6% | 5.5 yr |
| SPYState Street SPDR S&P 50 | $147M | 47.0% | +17.6% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information53.0%-4.7pp$166M
Asset Management47.0%+4.7pp$147M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| SPY State Street SPDR S&P 500 ETF | +$118M |
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $313M | 2 | +2.66% | +17.59% | -14.93% | +0.12B |
| 2025-12-31 | $262M | 2 | +22.64% | +17.72% | +4.92% | +0.02B |
| 2025-09-30 | $203M | 1 | -17.94% | +17.52% | -35.46% | -0.00B |
| 2025-06-30 | $196M | 1 | -3.08% | +14.94% | -18.02% | -0.13B |
| 2025-03-31 | $286M | 2 | -36.32% | +8.30% | -44.63% | -0.09B |
| 2024-12-31 | $426M | 2 | +12.74% | +24.89% | -12.15% | +0.00B |
| 2024-09-30 | $543M | 2 | +75.13% | +36.04% | +39.09% | -0.00B |
| 2024-06-30 | $444M | 2 | +26.84% | +24.49% | +2.35% | -0.01B |
| 2024-03-31 | $617M | 2 | +56.78% | +29.62% | +27.16% | -0.00B |
| 2023-12-31 | $393M | 2 | +21.56% | +26.18% | -4.61% | -0.14B |
| 2023-09-30 | $441M | 2 | +12.07% | +21.57% | -9.50% | -0.01B |
| 2023-06-30 | $508M | 2 | +12.93% | +19.42% | -6.49% | -0.05B |
| 2023-03-31 | $611M | 2 | -26.75% | -7.82% | -18.93% | -0.00B |
| 2022-12-31 | $502M | 2 | +12.30% | +7.56% | +4.74% | +0.28B |
| 2022-09-30 | $195M | 2 | -10.40% | -4.93% | -5.47% | +0.05B |
| 2022-06-30 | $167M | 1 | -40.48% | -16.11% | -24.37% | +0.00B |