Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.42%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.95%
baseline attrition
Rally response
-0.81%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| XLKState Street Technology | $36M | 7.3% | — | 10.5 yr |
| IVViShares Core S&P 500 ETF | $36M | 7.2% | — | 10.5 yr |
| AGGiShares Core U.S. Aggreg | $23M | 4.7% | — | 5.0 yr |
| MSFTMicrosoft Corporation | $19M | 3.7% | -0.6% | 10.5 yr |
| JNJJohnson & Johnson | $18M | 3.7% | +51.5% | 10.5 yr |
| GOOGAlphabet Inc. | $16M | 3.2% | +84.3% | 10.5 yr |
| CHMGChemung Financial Corpor | $15M | 3.1% | +16.1% | 10.5 yr |
| AAPLApple Inc. | $14M | 2.9% | +14.7% | 10.5 yr |
| RSPInvesco S&P 500 Equal We | $12M | 2.4% | — | 1.0 yr |
| XLEState Street Energy Sele | $11M | 2.2% | — | 9.5 yr |
| AMZNAmazon.com, Inc. | $11M | 2.2% | +9.5% | 10.5 yr |
| GLWCorning Incorporated | $11M | 2.2% | +201.5% | 10.5 yr |
| QQQInvesco QQQ Trust, Serie | $9M | 1.9% | — | 8.0 yr |
| JPMJPMorgan Chase & Co. | $9M | 1.8% | +21.8% | 10.5 yr |
| MRKMerck & Co., Inc. | $9M | 1.8% | +38.9% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management38.3%+0.3pp$189M
Drug Manufacturers - General6.9%+1.9pp$34M
Internet Content & Information4.9%+1.4pp$24M
Software - Infrastructure4.6%-1.5pp$23M
Banks - Diversified3.4%-0.3pp$17M
Banks - Regional3.2%-0.1pp$16M
Semiconductors3.2%+2.1pp$16M
Consumer Electronics2.9%+0.2pp$14M
Beverages - Non-Alcoholic2.8%-0.2pp$14M
Industrial - Machinery2.6%+0.2pp$13M
Country
US97.7%+1.6pp
IE1.8%+0.5pp
CA0.4%-2.0pp
Top 5: 26.7% · Top 10: 40.5% · Top 25: 65.5%
Top buys this quarter · 15
| ETN Eaton Corporation plcnew | +$2M |
| BMY Bristol-Myers Squibb Company | +$2M |
| AAPL Apple Inc. | +$14M |
| SBUX Starbucks Corporation | +$1M |
| GOOG Alphabet Inc. | +$16M |
| CSCO Cisco Systems, Inc. | +$0M |
| DIS The Walt Disney Company | +$4M |
| USB U.S. Bancorp | +$0M |
| HON Honeywell International Inc. | +$0M |
| NVDA NVIDIA Corporation | +$6M |
Top sells this quarter · 15
| BLK BlackRock, Inc. | −$2M |
| CRM Salesforce, Inc. | −$1M |
| MDT Medtronic plc | −$1M |
| V Visa Inc. | −$1M |
| AMZN Amazon.com, Inc. | −$1M |
| META Meta Platforms, Inc. | −$1M |
| PM Philip Morris International In | −$0M |
| ADP Automatic Data Processing, Incexit | −$0M |
| MSFT Microsoft Corporation | −$0M |
| AMAT Applied Materials, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $494M | 112 | +19.14% | +17.59% | +1.55% | -0.01B |
| 2025-12-31 | $505M | 113 | +17.83% | +17.72% | +0.11% | -0.02B |
| 2025-09-30 | $502M | 119 | +13.96% | +17.52% | -3.56% | -0.01B |
| 2025-06-30 | $476M | 117 | +11.92% | +14.94% | -3.02% | -0.01B |
| 2025-03-31 | $455M | 122 | +5.09% | +8.30% | -3.22% | -0.01B |
| 2024-12-31 | $480M | 123 | +13.90% | +24.89% | -10.98% | -0.02B |
| 2024-09-30 | $494M | 120 | +26.36% | +36.04% | -9.67% | -0.05B |
| 2024-06-30 | $517M | 118 | +13.59% | +24.49% | -10.90% | -0.01B |
| 2024-03-31 | $518M | 121 | +18.86% | +29.62% | -10.76% | +0.00B |
| 2023-12-31 | $484M | 120 | +13.52% | +26.18% | -12.66% | -0.00B |
| 2023-09-30 | $436M | 115 | +12.43% | +21.57% | -9.14% | -0.01B |
| 2023-06-30 | $466M | 117 | +10.71% | +19.42% | -8.72% | +0.01B |
| 2023-03-31 | $435M | 119 | -6.10% | -7.82% | +1.72% | -0.01B |
| 2022-12-31 | $439M | 118 | -11.61% | -18.17% | +6.57% | -0.01B |
| 2022-09-30 | $401M | 118 | -11.29% | -15.51% | +4.22% | -0.01B |
| 2022-06-30 | $438M | 119 | -4.43% | -10.62% | +6.19% | -0.02B |