Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.78%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.16%
baseline attrition
Rally response
-5.53%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VONGVanguard Russell 1000 Gr | $42M | 10.5% | — | 7.5 yr |
| FRELFidelity MSCI Real Estat | $30M | 7.5% | — | 6.0 yr |
| IGEiShares North American N | $30M | 7.4% | — | 1.5 yr |
| IEMGiShares Core MSCI Emergi | $23M | 5.8% | — | 1.5 yr |
| IJHiShares Core S&P Mid-Cap | $17M | 4.2% | — | 10.5 yr |
| NVDANVIDIA Corporation | $14M | 3.6% | +60.9% | 7.8 yr |
| SPMDState Street SPDR Portfo | $14M | 3.5% | — | 3.5 yr |
| AAPLApple Inc. | $14M | 3.4% | +14.7% | 10.5 yr |
| EMBiShares J.P. Morgan USD | $13M | 3.2% | — | 6.5 yr |
| GOOGAlphabet Inc. | $12M | 2.9% | +84.3% | 10.3 yr |
| MSFTMicrosoft Corporation | $11M | 2.7% | -0.6% | 10.5 yr |
| DFACDimensional - US Core Eq | $9M | 2.3% | — | 2.5 yr |
| AMZNAmazon.com, Inc. | $8M | 2.0% | +9.5% | 7.5 yr |
| CZNCCitizens & Northern Corp | $8M | 2.0% | +17.5% | 10.5 yr |
| CZFSCitizens Financial Servi | $7M | 1.8% | +9.9% | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management50.0%+2.1pp$201M
Semiconductors6.0%+2.0pp$24M
Internet Content & Information4.4%+1.0pp$17M
Banks - Regional4.0%-0.4pp$16M
Software - Infrastructure3.6%-1.0pp$14M
Consumer Electronics3.4%-0.3pp$14M
Specialty Retail2.2%-0.3pp$9M
Drug Manufacturers - General2.1%+0.7pp$8M
Banks - Diversified2.0%+0.2pp$8M
Oil & Gas Integrated1.6%+0.2pp$7M
Country
US98.1%-0.6pp
IE1.3%+0.5pp
GB0.6%+0.1pp
CA0.1%
Top 5: 35.4% · Top 10: 52.0% · Top 25: 73.3%
Top buys this quarter · 15
| MDT Medtronic plc | +$2M |
| OVV Ovintiv Inc.new | +$1M |
| PCAR PACCAR Incnew | +$1M |
| META Meta Platforms, Inc. | +$6M |
| YUM Yum! Brands, Inc. | +$1M |
| ETN Eaton Corporation plc | +$1M |
| MSFT Microsoft Corporation | +$11M |
| EMR Emerson Electric Co. | +$0M |
| FCX Freeport-McMoRan Inc. | +$0M |
| ZBH Zimmer Biomet Holdings, Inc. | +$0M |
Top sells this quarter · 15
| KLAC KLA Corporation | −$1M |
| ABT Abbott Laboratories | −$2M |
| NSC Norfolk Southern Corporation | −$2M |
| EOG EOG Resources, Inc. | −$1M |
| CMG Chipotle Mexican Grill, Inc.exit | −$1M |
| CARR Carrier Global Corporationexit | −$1M |
| DD DuPont de Nemours, Inc.exit | −$1M |
| NOW ServiceNow, Inc.exit | −$1M |
| NFLX Netflix, Inc. | −$0M |
| GLW Corning Incorporated | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $401M | 119 | +16.81% | +17.59% | -0.78% | +0.01B |
| 2025-12-31 | $404M | 124 | +14.53% | +17.72% | -3.19% | -0.01B |
| 2025-09-30 | $404M | 121 | +13.92% | +17.52% | -3.60% | +0.00B |
| 2025-06-30 | $374M | 118 | +12.35% | +14.94% | -2.59% | -0.02B |
| 2025-03-31 | $355M | 118 | +3.38% | +8.30% | -4.92% | +0.01B |
| 2024-12-31 | $365M | 126 | +14.45% | +24.89% | -10.43% | +0.03B |
| 2024-09-30 | $333M | 126 | +27.67% | +36.04% | -8.37% | -0.00B |
| 2024-06-30 | $320M | 118 | +15.30% | +24.49% | -9.19% | +0.02B |
| 2024-03-31 | $296M | 109 | +21.03% | +29.62% | -8.59% | +0.00B |
| 2023-12-31 | $280M | 111 | +21.99% | +26.18% | -4.18% | -0.00B |
| 2023-09-30 | $249M | 97 | +16.01% | +21.57% | -5.56% | -0.00B |
| 2023-06-30 | $265M | 97 | +13.20% | +19.42% | -6.23% | -0.01B |
| 2023-03-31 | $256M | 99 | -7.61% | -7.82% | +0.21% | -0.00B |
| 2022-12-31 | $242M | 99 | -17.07% | -18.17% | +1.10% | +0.01B |
| 2022-09-30 | $213M | 96 | -14.56% | -15.51% | +0.95% | +0.00B |
| 2022-06-30 | $229M | 101 | -7.59% | -10.62% | +3.04% | -0.01B |