Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.19%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.27%
baseline attrition
Rally response
-1.73%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $10.53B | 38.9% | — | 3.0 yr |
| NVDANVIDIA Corporation | $1.08B | 4.0% | +60.9% | 10.5 yr |
| AAPLApple Inc. | $1.01B | 3.7% | +14.7% | 10.3 yr |
| MSFTMicrosoft Corporation | $756M | 2.8% | -0.6% | 10.5 yr |
| GOOGLAlphabet Inc. | $476M | 1.8% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $399M | 1.5% | +9.5% | 10.3 yr |
| AVGOBroadcom Inc. | $399M | 1.5% | +86.0% | 8.0 yr |
| GOOGAlphabet Inc. | $388M | 1.4% | +84.3% | 10.5 yr |
| METAMeta Platforms, Inc. | $330M | 1.2% | -0.4% | 10.5 yr |
| JPMJPMorgan Chase & Co. | $262M | 1.0% | +21.8% | 10.5 yr |
| TSLATesla, Inc. | $204M | 0.8% | +43.4% | 10.5 yr |
| LLYEli Lilly and Company | $194M | 0.7% | +12.2% | 10.5 yr |
| XOMExxon Mobil Corporation | $182M | 0.7% | +47.6% | 10.5 yr |
| JNJJohnson & Johnson | $155M | 0.6% | +51.5% | 10.5 yr |
| WMTWalmart Inc. | $148M | 0.5% | +42.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management41.5%+20.5pp$11.23B
Semiconductors8.0%+0.1pp$2.17B
Internet Content & Information4.5%-0.3pp$1.21B
Consumer Electronics3.7%-1.0pp$1.01B
Software - Infrastructure3.7%-1.7pp$1.01B
Drug Manufacturers - General2.7%-0.7pp$741M
Specialty Retail1.9%-0.6pp$526M
Banks - Diversified1.9%-0.6pp$502M
Financial - Credit Services1.6%-0.9pp$422M
Aerospace & Defense1.3%-0.1pp$360M
Country
US98.6%+0.9pp
IE0.7%-0.4pp
GB0.3%-0.1pp
Unknown0.1%-0.0pp
CH0.1%-0.2pp
SG0.1%+0.1pp
BM0.0%-0.0pp
LU0.0%-0.0pp
Top 5: 51.2% · Top 10: 57.8% · Top 25: 65.3%
Top buys this quarter · 15
| O Realty Income Corporation | +$9M |
| HLT Hilton Worldwide Holdings Inc. | +$6M |
| UDR UDR, Inc. | +$6M |
| HST Host Hotels & Resorts, Inc. | +$6M |
| APH Amphenol Corporation | +$5M |
| LITE Lumentum Holdings Inc. | +$5M |
| FITB Fifth Third Bancorp | +$5M |
| CFG Citizens Financial Group, Inc. | +$4M |
| SNDK Sandisk Corporation | +$4M |
| ATI ATI Inc. | +$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $27.04B | 3038 | +17.89% | +17.59% | +0.30% | -2.16B |
| 2025-12-31 | $30.29B | 2958 | +17.18% | +17.72% | -0.54% | +3.81B |
| 2025-09-30 | $25.91B | 2978 | +16.39% | +17.52% | -1.13% | +2.00B |
| 2025-06-30 | $22.18B | 3038 | +14.92% | +14.94% | -0.02% | -0.02B |
| 2025-03-31 | $20.00B | 2979 | +5.69% | +8.30% | -2.61% | -4.71B |
| 2024-12-31 | $25.79B | 3001 | +18.94% | +24.89% | -5.95% | +8.63B |
| 2024-09-30 | $16.89B | 2957 | +31.42% | +36.04% | -4.62% | -0.03B |
| 2024-06-30 | $15.90B | 2934 | +18.87% | +24.49% | -5.62% | +0.20B |
| 2024-03-31 | $15.38B | 2797 | +24.61% | +29.62% | -5.01% | +0.17B |
| 2023-12-31 | $14.11B | 2637 | +22.58% | +26.18% | -3.59% | -0.59B |
| 2023-09-30 | $13.11B | 2768 | +17.76% | +21.57% | -3.80% | -0.01B |
| 2023-06-30 | $13.62B | 2798 | +16.42% | +19.42% | -3.00% | -0.03B |
| 2023-03-31 | $12.76B | 2507 | -6.59% | -7.82% | +1.23% | -0.66B |
| 2022-12-31 | $12.65B | 2564 | +7.77% | +7.56% | +0.21% | -0.02B |
| 2022-09-30 | $11.75B | 2567 | -4.81% | -4.93% | +0.12% | +0.87B |
| 2022-06-30 | $11.43B | 2363 | -14.15% | -16.11% | +1.97% | -0.75B |