Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.94%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.02%
steady accumulation
Rally response
-0.34%
trims into rallies
when a holding rises +10%+
Top positions · 20
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AATAmerican Assets Trust, I | $136M | 46.9% | -2.1% | 10.5 yr |
| WFCWells Fargo & Company | $127M | 44.0% | +13.3% | 10.5 yr |
| XOMExxon Mobil Corporation | $6M | 2.1% | +47.6% | 6.3 yr |
| BACBank of America Corporat | $4M | 1.5% | +19.4% | 5.8 yr |
| COFCapital One Financial Co | $3M | 0.9% | +3.1% | 5.5 yr |
| ALKAlaska Air Group, Inc. | $1M | 0.5% | -25.3% | 0.3 yr |
| TDThe Toronto-Dominion Ban | $1M | 0.5% | +60.9% | 6.5 yr |
| WYWeyerhaeuser Company | $1M | 0.4% | -13.6% | 0.5 yr |
| AVAVAeroVironment, Inc. | $1M | 0.4% | +53.6% | 0.5 yr |
| CVXChevron Corporation | $1M | 0.4% | +29.2% | 6.3 yr |
| SPGSimon Property Group, In | $1M | 0.3% | +17.9% | 6.3 yr |
| BSXBoston Scientific Corpor | $1M | 0.3% | -37.8% | 0.3 yr |
| EOLSEvolus, Inc. | $1M | 0.3% | -65.8% | 0.8 yr |
| DASHDoorDash, Inc. | $1M | 0.3% | -17.8% | 0.3 yr |
| KKRKKR & Co. Inc. | $1M | 0.3% | -19.5% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
REIT - Diversified46.9%-4.6pp$136M
Banks - Diversified45.9%+4.6pp$133M
Oil & Gas Integrated2.4%+0.7pp$7M
Financial - Credit Services0.9%+0.3pp$3M
Drug Manufacturers - Specialty & Generic0.6%$2M
Airlines, Airports & Air Services0.5%$1M
Paper, Lumber & Forest Products0.4%$1M
Aerospace & Defense0.4%$1M
REIT - Retail0.3%+0.0pp$1M
Medical - Devices0.3%+0.2pp$1M
Country
US99.4%+0.2pp
CA0.5%+0.2pp
BE0.1%+0.0pp
Top 5: 95.3% · Top 10: 97.4% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| WFC | $115M | +0.01B | 13.3% |
| XOM | $4M | +0.00B | 47.6% |
| BAC | $4M | +0.00B | 19.4% |
| TD | $1M | +0.00B | 60.9% |
| CVX | $1M | +0.00B | 29.2% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AAT | $149M | -0.00B | -2.1% |
Top buys this quarter · 8
| ALK Alaska Air Group, Inc.new | +$5M |
| COF Capital One Financial Corporat | +$4M |
| AVAV AeroVironment, Inc. | +$1M |
| DASH DoorDash, Inc.new | +$1M |
| KKR KKR & Co. Inc.new | +$1M |
| BSX Boston Scientific Corporationnew | +$0M |
| OLED Universal Display Corporationnew | +$0M |
| NFLX Netflix, Inc.new | +$0M |
Top sells this quarter · 13
| REGN Regeneron Pharmaceuticals, Incexit | −$1M |
| ALGN Align Technology, Inc.exit | −$1M |
| PCG PG&E Corporationexit | −$1M |
| ELF e.l.f. Beauty, Inc.exit | −$1M |
| ISRG Intuitive Surgical, Inc.exit | −$1M |
| COLD Americold Realty Trust, Inc.exit | −$1M |
| KVUE Kenvue Inc.exit | −$1M |
| WY Weyerhaeuser Company | −$1M |
| NOMD Nomad Foods Limitedexit | −$0M |
| SPRY ARS Pharmaceuticals, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $290M | 20 | +4.89% | +17.59% | -12.70% | -0.00B |
| 2025-12-31 | $316M | 24 | -0.18% | +17.72% | -17.90% | -0.01B |
| 2025-09-30 | $312M | 28 | +3.90% | +17.52% | -13.62% | +0.01B |
| 2025-06-30 | $288M | 20 | +10.34% | +14.94% | -4.61% | -0.02B |
| 2025-03-31 | $289M | 25 | +8.47% | +8.30% | +0.17% | +0.00B |
| 2024-12-31 | $323M | 19 | +30.26% | +24.89% | +5.37% | -0.00B |
| 2024-09-30 | $305M | 18 | +43.46% | +36.04% | +7.42% | +0.00B |
| 2024-06-30 | $272M | 10 | +30.32% | +24.49% | +5.83% | -0.00B |
| 2024-03-31 | $266M | 10 | +36.15% | +29.62% | +6.53% | -0.00B |
| 2023-12-31 | $256M | 10 | -0.40% | +26.18% | -26.58% | -0.00B |
| 2023-09-30 | $219M | 10 | -12.04% | +21.57% | -33.60% | -0.00B |
| 2023-06-30 | $220M | 10 | -19.92% | +19.42% | -39.35% | -0.00B |
| 2023-03-31 | $207M | 10 | -40.71% | -7.82% | -32.90% | -0.00B |
| 2022-12-31 | $272M | 10 | +4.47% | +7.56% | -3.09% | -0.00B |
| 2022-09-30 | $262M | 10 | -8.27% | -4.93% | -3.34% | -0.00B |
| 2022-06-30 | $289M | 10 | -20.10% | -16.11% | -3.99% | +0.00B |