Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.32%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.12%
baseline attrition
Rally response
-1.56%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPIBState Street SPDR Portfo | $44M | 5.7% | — | 6.0 yr |
| LLYEli Lilly and Company | $39M | 5.1% | +12.2% | 10.5 yr |
| SPSBState Street SPDR Portfo | $35M | 4.5% | — | 6.0 yr |
| OBTOrange County Bancorp, I | $34M | 4.4% | +39.8% | 10.5 yr |
| NVDANVIDIA Corporation | $32M | 4.2% | +60.9% | 6.5 yr |
| ISRGIntuitive Surgical, Inc. | $30M | 3.9% | -6.9% | 10.5 yr |
| MSFTMicrosoft Corporation | $25M | 3.3% | -0.6% | 10.5 yr |
| XLKState Street Technology | $25M | 3.3% | — | 4.3 yr |
| AAPLApple Inc. | $25M | 3.2% | +14.7% | 10.5 yr |
| GOOGAlphabet Inc. | $22M | 2.9% | +84.3% | 10.5 yr |
| AMZNAmazon.com, Inc. | $17M | 2.2% | +9.5% | 7.8 yr |
| KLACKLA Corporation | $16M | 2.1% | +118.2% | 4.3 yr |
| CIENCiena Corporation | $15M | 1.9% | +542.4% | 6.0 yr |
| JPMJPMorgan Chase & Co. | $13M | 1.7% | +21.8% | 10.5 yr |
| SPYState Street SPDR S&P 50 | $12M | 1.5% | +17.6% | 7.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management14.7%+2.8pp$114M
Asset Management - Bonds11.6%+1.6pp$89M
Semiconductors8.2%+1.2pp$63M
Drug Manufacturers - General6.9%+0.3pp$53M
Medical - Devices5.5%-0.1pp$43M
Banks - Regional4.8%+1.1pp$37M
Internet Content & Information4.2%+0.5pp$32M
Specialty Retail3.6%-0.1pp$28M
Software - Infrastructure3.4%-0.8pp$26M
Consumer Electronics3.2%-0.2pp$25M
Country
US98.3%-0.4pp
IE1.1%+0.0pp
UY0.5%
CH0.1%+0.0pp
CA0.0%-0.0pp
Top 5: 23.9% · Top 10: 40.4% · Top 25: 62.2%
Top buys this quarter · 11
| NOW ServiceNow, Inc. | +$4M |
| CB Chubb Limited | +$0M |
| FLOT iShares Floating Rate Bond ETF | +$0M |
| SPIB State Street SPDR Portfolio In | +$0M |
| SPSB State Street SPDR Portfolio Sh | +$0M |
| SPMD State Street SPDR Portfolio S& | +$0M |
| SPLG SPDR Portfolio S&P 500 ETF | +$0M |
| MDY State Street SPDR S&P MIDCAP 4 | +$0M |
| SPSM State Street SPDR Portfolio S& | +$0M |
| XLB State Street Materials Select | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $772M | 145 | +20.92% | +17.59% | +3.33% | -0.09B |
| 2025-12-31 | $904M | 149 | +19.71% | +17.72% | +1.99% | -0.12B |
| 2025-09-30 | $961M | 177 | +12.16% | +17.52% | -5.36% | -0.02B |
| 2025-06-30 | $913M | 175 | +11.20% | +14.94% | -3.74% | -0.01B |
| 2025-03-31 | $837M | 169 | +2.23% | +8.30% | -6.07% | +0.00B |
| 2024-12-31 | $883M | 177 | +18.46% | +24.89% | -6.42% | -0.02B |
| 2024-09-30 | $904M | 174 | +32.85% | +36.04% | -3.19% | +0.09B |
| 2024-06-30 | $762M | 180 | +21.84% | +24.49% | -2.66% | -0.08B |
| 2024-03-31 | $835M | 178 | +29.79% | +29.62% | +0.16% | +0.03B |
| 2023-12-31 | $730M | 181 | +22.74% | +26.18% | -3.43% | -0.07B |
| 2023-09-30 | $709M | 184 | +20.96% | +21.57% | -0.61% | -0.01B |
| 2023-06-30 | $738M | 201 | +17.65% | +19.42% | -1.78% | -0.03B |
| 2023-03-31 | $715M | 210 | -6.01% | -7.82% | +1.81% | +0.03B |
| 2022-12-31 | $661M | 217 | -13.52% | -18.17% | +4.66% | -0.03B |
| 2022-09-30 | $623M | 214 | -13.25% | -15.51% | +2.26% | +0.01B |
| 2022-06-30 | $642M | 208 | -7.98% | -10.62% | +2.64% | +0.00B |