Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.55%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
-4.64%
trims into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CRBGCorebridge Financial, In | $2.91B | 57.0% | -21.9% | 1.5 yr |
| PFGPrincipal Financial Grou | $1.63B | 32.0% | +10.9% | 10.5 yr |
| PRUPrudential Financial, In | $250M | 4.9% | -7.9% | 10.5 yr |
| MMCMarsh & McLennan Compani | $227M | 4.5% | — | 10.5 yr |
| DBDeutsche Bank AG | $84M | 1.6% | +28.4% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management89.0%+3.7pp$4.54B
Insurance - Life4.9%+0.4pp$250M
Insurance - Brokers4.5%-5.7pp$227M
Banks - Regional1.6%$84M
Country
US98.4%-1.6pp
DE1.6%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| DB Deutsche Bank AGnew | +$86M |
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 | $5.11B | 5 | -12.46% | +17.59% | -30.05% | +0.06B |
| 2025-12-31 | $5.81B | 4 | +7.45% | +17.72% | -10.27% | -0.06B |
| 2025-09-30 | $5.94B | 4 | +6.15% | +17.52% | -11.37% | -0.33B |
| 2025-06-30 | $6.62B | 4 | +22.68% | +14.94% | +7.74% | -0.17B |
| 2025-03-31 | $6.31B | 4 | +6.22% | +8.30% | -2.08% | -0.00B |
| 2024-12-31 | $5.91B | 4 | +10.82% | +24.89% | -14.07% | +3.52B |
| 2024-09-30 | $2.45B | 3 | +25.05% | +36.04% | -10.99% | -0.04B |
| 2024-06-30 | $2.28B | 3 | +11.56% | +24.49% | -12.93% | +0.03B |
| 2024-03-31 | $2.41B | 3 | +24.21% | +29.62% | -5.41% | -0.03B |
| 2023-12-31 | $2.19B | 3 | -1.06% | +26.18% | -27.24% | -0.07B |
| 2023-09-30 | $2.05B | 3 | +5.15% | +21.57% | -16.42% | +0.00B |
| 2023-06-30 | $2.09B | 3 | +14.18% | +19.42% | -5.24% | +0.02B |
| 2023-03-31 | $2.00B | 3 | -0.87% | -7.82% | +6.95% | +0.04B |
| 2022-12-31 | $2.21B | 3 | +17.16% | +7.56% | +9.60% | -0.04B |
| 2022-09-30 | $1.92B | 3 | +6.02% | -4.93% | +10.95% | -0.06B |
| 2022-06-30 | $1.86B | 3 | -9.96% | -16.11% | +6.15% | -0.01B |