Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.11%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.57%
baseline attrition
Rally response
-9.05%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $66M | 2.3% | +17.6% | 10.5 yr |
| IVViShares Core S&P 500 ETF | $64M | 2.2% | — | 10.5 yr |
| IJRiShares Core S&P Small-C | $49M | 1.7% | — | 10.5 yr |
| XOMExxon Mobil Corporation | $44M | 1.5% | +47.6% | 10.5 yr |
| COPConocoPhillips | $41M | 1.4% | +30.0% | 10.5 yr |
| CVXChevron Corporation | $41M | 1.4% | +29.2% | 10.5 yr |
| VLOValero Energy Corporatio | $41M | 1.4% | +92.6% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $40M | 1.4% | +21.8% | 10.5 yr |
| MRKMerck & Co., Inc. | $40M | 1.4% | +38.9% | 10.5 yr |
| EOGEOG Resources, Inc. | $39M | 1.4% | +16.9% | 10.5 yr |
| GLWCorning Incorporated | $38M | 1.3% | +201.5% | 9.0 yr |
| CSCOCisco Systems, Inc. | $38M | 1.3% | +28.1% | 10.5 yr |
| CATCaterpillar Inc. | $38M | 1.3% | +117.8% | 10.5 yr |
| BKThe Bank of New York Mel | $37M | 1.3% | +44.4% | 9.8 yr |
| MSMorgan Stanley | $37M | 1.3% | +44.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management21.2%-1.4pp$614M
Drug Manufacturers - General7.8%+2.0pp$225M
Semiconductors5.6%+0.4pp$163M
Aerospace & Defense4.9%+0.7pp$141M
Banks - Diversified3.4%+1.2pp$98M
Oil & Gas Integrated3.0%-0.0pp$86M
Oil & Gas Exploration & Production2.8%-0.1pp$82M
Beverages - Non-Alcoholic2.5%-0.2pp$72M
Industrial - Machinery2.5%-0.0pp$72M
Medical - Healthcare Plans2.5%+0.9pp$71M
Country
US99.7%+0.0pp
IE0.1%-0.1pp
GB0.1%+0.0pp
NL0.0%+0.0pp
CA0.0%-0.0pp
Unknown0.0%+0.0pp
CH0.0%-0.0pp
SG0.0%
Top 5: 9.1% · Top 10: 16.1% · Top 25: 35.2%
Top buys this quarter · 15
| USB U.S. Bancorp | +$36M |
| MCHP Microchip Technology Incorpora | +$35M |
| QCOM QUALCOMM Incorporated | +$10M |
| IBM International Business Machine | +$9M |
| ADP Automatic Data Processing, Inc | +$7M |
| UNH UnitedHealth Group Incorporate | +$7M |
| BLK BlackRock, Inc. | +$7M |
| BBY Best Buy Co., Inc. | +$6M |
| MS Morgan Stanley | +$6M |
| ABT Abbott Laboratories | +$33M |
Top sells this quarter · 15
| TXN Texas Instruments Incorporated | −$36M |
| GPC Genuine Parts Companyexit | −$26M |
| HPQ HP Inc.exit | −$25M |
| GLW Corning Incorporated | −$32M |
| LMT Lockheed Martin Corporation | −$10M |
| XOM Exxon Mobil Corporation | −$36M |
| VLO Valero Energy Corporation | −$32M |
| CVX Chevron Corporation | −$35M |
| VZ Verizon Communications Inc. | −$35M |
| COP ConocoPhillips | −$33M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.90B | 289 | +17.37% | +17.59% | -0.22% | -0.10B |
| 2025-12-31 | $2.84B | 318 | +13.78% | +17.72% | -3.94% | -0.06B |
| 2025-09-30 | $2.86B | 323 | +10.63% | +17.52% | -6.89% | -0.12B |
| 2025-06-30 | $2.77B | 314 | +13.58% | +14.94% | -1.36% | -0.01B |
| 2025-03-31 | $2.73B | 323 | +10.14% | +8.30% | +1.84% | -0.06B |
| 2024-12-31 | $2.73B | 318 | +16.18% | +24.89% | -8.71% | -0.13B |
| 2024-09-30 | $2.91B | 328 | +29.30% | +36.04% | -6.74% | -0.06B |
| 2024-06-30 | $2.68B | 329 | +13.19% | +24.49% | -11.30% | -0.22B |
| 2024-03-31 | $2.93B | 331 | +16.12% | +29.62% | -13.50% | -0.04B |
| 2023-12-31 | $2.76B | 325 | +8.02% | +26.18% | -18.16% | -0.11B |
| 2023-09-30 | $2.62B | 307 | +12.27% | +21.57% | -9.29% | -0.13B |
| 2023-06-30 | $2.84B | 324 | +9.58% | +19.42% | -9.85% | -0.06B |
| 2023-03-31 | $2.86B | 346 | -1.76% | -7.82% | +6.06% | -0.08B |
| 2022-12-31 | $2.93B | 349 | -6.46% | -18.17% | +11.72% | -0.12B |
| 2022-09-30 | $2.68B | 334 | -8.85% | -15.51% | +6.66% | -0.34B |
| 2022-06-30 | $3.19B | 366 | -2.91% | -10.62% | +7.72% | -0.03B |