Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.43%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.04%
baseline attrition
Rally response
-0.24%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $75M | 4.9% | -0.6% | 10.5 yr |
| AAPLApple Inc. | $69M | 4.5% | +14.7% | 10.5 yr |
| GUNRFlexShares Morningstar G | $51M | 3.3% | — | 9.3 yr |
| GOOGLAlphabet Inc. | $42M | 2.8% | — | 10.5 yr |
| GOOGAlphabet Inc. | $42M | 2.7% | +84.3% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $37M | 2.4% | +21.8% | 10.5 yr |
| EFGiShares MSCI EAFE Growth | $32M | 2.1% | — | 6.8 yr |
| XOMExxon Mobil Corporation | $28M | 1.9% | +47.6% | 10.5 yr |
| CATCaterpillar Inc. | $28M | 1.9% | +117.8% | 10.3 yr |
| JNJJohnson & Johnson | $26M | 1.7% | +51.5% | 10.5 yr |
| TTTrane Technologies plc | $24M | 1.5% | +24.8% | 2.8 yr |
| LOWLowe's Companies, Inc. | $21M | 1.4% | +3.4% | 10.5 yr |
| AMZNAmazon.com, Inc. | $21M | 1.3% | +9.5% | 10.5 yr |
| VTIVanguard Total Stock Mar | $20M | 1.3% | — | 2.0 yr |
| IUSGiShares Core S&P U.S. Gr | $19M | 1.3% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management26.1%+1.7pp$398M
Internet Content & Information5.8%+1.9pp$89M
Software - Infrastructure5.7%-0.9pp$88M
Drug Manufacturers - General4.7%+0.1pp$72M
Consumer Electronics4.5%-0.2pp$69M
Asset Management - Global3.9%+0.5pp$59M
Banks - Diversified3.4%+0.4pp$51M
Oil & Gas Integrated3.1%+0.4pp$47M
Agricultural - Machinery3.0%+1.1pp$45M
Asset Management - Bonds2.9%-0.5pp$45M
Country
US95.6%-0.5pp
IE2.2%+0.0pp
CA0.7%+0.4pp
CH0.4%+0.0pp
GB0.4%-0.0pp
Unknown0.4%+0.1pp
SE0.1%+0.0pp
DK0.1%-0.1pp
Top 5: 18.2% · Top 10: 28.2% · Top 25: 46.1%
Top buys this quarter · 15
| CAT Caterpillar Inc. | +$6M |
| IBM International Business Machine | +$13M |
| AAPL Apple Inc. | +$69M |
| WMT Walmart Inc. | +$1M |
| XOM Exxon Mobil Corporation | +$1M |
| AMZN Amazon.com, Inc. | +$21M |
| SYY Sysco Corporation | +$2M |
| NBTB NBT Bancorp Inc. | +$1M |
| USB U.S. Bancorp | +$2M |
| GLW Corning Incorporated | +$1M |
Top sells this quarter · 15
| ALNY Alnylam Pharmaceuticals, Inc. | −$2M |
| LLY Eli Lilly and Company | −$2M |
| GEV GE Vernova Inc. | −$1M |
| IONS Ionis Pharmaceuticals, Inc. | −$1M |
| GS The Goldman Sachs Group, Inc. | −$1M |
| COST Costco Wholesale Corporation | −$12M |
| GOOG Alphabet Inc. | −$1M |
| TGT Target Corporation | −$1M |
| TMO Thermo Fisher Scientific Inc. | −$1M |
| MTZ MasTec, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.53B | 1059 | +14.94% | +17.59% | -2.65% | +0.14B |
| 2025-12-31 | $1.41B | 701 | +14.96% | +17.72% | -2.76% | -0.02B |
| 2025-09-30 | $1.40B | 702 | +11.45% | +17.52% | -6.07% | -0.16B |
| 2025-06-30 | $1.46B | 802 | +12.11% | +14.94% | -2.83% | -0.03B |
| 2025-03-31 | $1.38B | 813 | +6.31% | +8.30% | -1.99% | -0.03B |
| 2024-12-31 | $1.44B | 783 | +16.98% | +24.89% | -7.90% | -0.03B |
| 2024-09-30 | $1.48B | 833 | +30.43% | +36.04% | -5.61% | -0.02B |
| 2024-06-30 | $1.40B | 593 | +17.06% | +24.49% | -7.43% | +0.01B |
| 2024-03-31 | $1.37B | 598 | +21.53% | +29.62% | -8.09% | -0.01B |
| 2023-12-31 | $1.28B | 598 | +15.70% | +26.18% | -10.47% | +0.13B |
| 2023-09-30 | $1.04B | 310 | +17.29% | +21.57% | -4.28% | +0.37B |
| 2023-06-30 | $700M | 254 | +15.86% | +19.42% | -3.56% | -0.02B |
| 2023-03-31 | $684M | 246 | -2.70% | -7.82% | +5.12% | -0.02B |
| 2022-12-31 | $686M | 243 | -9.80% | -18.17% | +8.38% | +0.00B |
| 2022-09-30 | $612M | 225 | -10.56% | -15.51% | +4.95% | -0.01B |
| 2022-06-30 | $655M | 226 | -5.57% | -10.62% | +5.05% | -0.01B |