Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.51%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.37%
baseline attrition
Rally response
-0.84%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $158M | 7.4% | — | 10.3 yr |
| SPYState Street SPDR S&P 50 | $117M | 5.4% | +17.6% | 10.3 yr |
| AAPLApple Inc. | $75M | 3.5% | +14.7% | 10.3 yr |
| MDYState Street SPDR S&P MI | $64M | 3.0% | — | 10.3 yr |
| GOOGAlphabet Inc. | $57M | 2.7% | +84.3% | 10.3 yr |
| MSFTMicrosoft Corporation | $51M | 2.4% | -0.6% | 10.3 yr |
| AMZNAmazon.com, Inc. | $39M | 1.8% | +9.5% | 10.3 yr |
| IWBiShares Russell 1000 ETF | $38M | 1.8% | — | 10.3 yr |
| VGITVanguard Intermediate-Te | $32M | 1.5% | — | 3.0 yr |
| RSPInvesco S&P 500 Equal We | $32M | 1.5% | — | 7.8 yr |
| NVDANVIDIA Corporation | $31M | 1.4% | +60.9% | 7.0 yr |
| WMTWalmart Inc. | $29M | 1.4% | +42.8% | 10.3 yr |
| KOThe Coca-Cola Company | $29M | 1.3% | +9.3% | 10.3 yr |
| LLYEli Lilly and Company | $26M | 1.2% | +12.2% | 10.3 yr |
| IJHiShares Core S&P Mid-Cap | $26M | 1.2% | — | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management38.1%+3.8pp$820M
Semiconductors6.2%+2.4pp$134M
Drug Manufacturers - General4.1%+0.4pp$88M
Internet Content & Information4.0%+0.5pp$85M
Consumer Electronics3.5%+0.0pp$75M
Specialty Retail3.2%-0.0pp$69M
Software - Infrastructure2.7%-0.4pp$59M
Discount Stores2.1%+0.1pp$45M
Beverages - Non-Alcoholic2.0%-0.4pp$43M
Financial - Credit Services1.8%-0.9pp$40M
Country
US97.2%-0.5pp
TW0.9%+0.4pp
GB0.6%-0.0pp
IE0.4%-0.1pp
NL0.3%+0.2pp
CA0.2%+0.0pp
CH0.1%+0.0pp
Unknown0.1%+0.1pp
Top 5: 21.9% · Top 10: 30.9% · Top 25: 48.2%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.15B | 930 | +16.76% | +17.59% | -0.83% | +0.04B |
| 2025-12-31 | $2.19B | 947 | +16.68% | +17.72% | -1.04% | -0.06B |
| 2025-09-30 | $2.17B | 1111 | +12.52% | +17.52% | -5.00% | -0.03B |
| 2025-06-30 | $2.05B | 935 | +9.68% | +14.94% | -5.26% | -0.13B |
| 2025-03-31 | $2.00B | 987 | +2.06% | +8.30% | -6.25% | -0.03B |
| 2024-12-31 | $2.11B | 989 | +15.32% | +24.89% | -9.57% | -0.01B |
| 2024-09-30 | $2.12B | 1021 | +29.55% | +36.04% | -6.49% | +0.04B |
| 2024-06-30 | $1.98B | 975 | +18.83% | +24.49% | -5.66% | -0.05B |
| 2024-03-31 | $2.00B | 962 | +26.19% | +29.62% | -3.44% | +0.05B |
| 2023-12-31 | $1.79B | 901 | +20.49% | +26.18% | -5.69% | +0.02B |
| 2023-09-30 | $1.58B | 895 | +17.84% | +21.57% | -3.72% | +0.03B |
| 2023-06-30 | $1.62B | 910 | +16.99% | +19.42% | -2.43% | -0.03B |
| 2023-03-31 | $1.53B | 917 | -7.12% | -7.82% | +0.70% | -0.02B |
| 2022-12-31 | $1.49B | 944 | -14.77% | -18.17% | +3.40% | -0.09B |
| 2022-09-30 | $1.44B | 858 | -13.68% | -15.51% | +1.83% | -0.03B |
| 2022-06-30 | $1.55B | 822 | -8.84% | -10.62% | +1.78% | -0.07B |