Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.51%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.60%
baseline attrition
Rally response
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| USBU.S. Bancorp | $2.31B | 75.9% | +27.1% | 3.5 yr |
| GRABGrab Holdings Limited | $523M | 17.2% | -19.2% | 4.5 yr |
| SPYState Street SPDR S&P 50 | $119M | 3.9% | +17.6% | 4.3 yr |
| — | $81M | 2.7% | — | 0.3 yr |
| CMECME Group Inc. | $9M | 0.3% | +15.6% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Banks - Diversified75.9%+5.3pp$2.31B
Software - Application17.2%-7.2pp$523M
Asset Management3.9%-0.7pp$119M
Unknown2.7%$81M
Financial - Data & Stock Exchanges0.3%-0.0pp$9M
Country
US80.1%+4.6pp
SG17.2%-7.2pp
Unknown2.7%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| USB | $1.87B | +0.49B | 27.1% |
| SPY | $122M | +0.02B | 17.6% |
| CME | $8M | +0.00B | 15.6% |
| GRAB | $647M | -0.12B | -19.2% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GRAB | $647M | -0.12B | -19.2% |
Top buys this quarter · 2
| SPY State Street SPDR S&P 500 ETF | +$29M |
| — new | +$0M |
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 | $3.04B | 5 | +14.99% | +17.59% | -2.60% | +0.11B |
| 2025-12-31 | $3.18B | 4 | +14.02% | +17.72% | -3.70% | -0.02B |
| 2025-09-30 | $3.11B | 4 | +25.01% | +17.52% | +7.49% | -0.08B |
| 2025-06-30 | $2.87B | 4 | +29.46% | +14.94% | +14.52% | -0.02B |
| 2025-03-31 | $2.65B | 4 | +10.41% | +8.30% | +2.11% | -0.02B |
| 2024-12-31 | $2.93B | 4 | +24.33% | +24.89% | -0.56% | +0.01B |
| 2024-09-30 | $2.58B | 3 | +37.31% | +36.04% | +1.28% | -1.02B |
| 2024-06-30 | $3.13B | 3 | +21.98% | +24.49% | -2.51% | -0.14B |
| 2024-03-31 | $3.51B | 3 | +28.52% | +29.62% | -1.10% | -0.03B |
| 2023-12-31 | $3.45B | 3 | +9.33% | +26.18% | -16.84% | -0.02B |
| 2023-09-30 | $2.77B | 3 | -2.98% | +21.57% | -24.55% | +0.77B |
| 2023-06-30 | $1.96B | 3 | +2.08% | +19.42% | -17.35% | -0.09B |
| 2023-03-31 | $2.09B | 4 | -25.16% | -7.82% | -17.34% | -0.03B |
| 2022-12-31 | $2.43B | 3 | -18.34% | -18.17% | -0.17% | +1.88B |
| 2022-09-30 | $493M | 3 | -18.22% | -15.51% | -2.71% | -0.01B |
| 2022-06-30 | $467M | 3 | -23.38% | -10.62% | -12.76% | -0.30B |