Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.15%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.57%
baseline attrition
Rally response
-4.39%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IBKRInteractive Brokers Grou | $18M | 14.5% | +62.8% | 6.5 yr |
| RMNIRimini Street, Inc. | $13M | 10.3% | -5.7% | 5.3 yr |
| IACIAC InterActive Corp. | $13M | 10.0% | +6.3% | 4.5 yr |
| PARPAR Technology Corporati | $11M | 9.1% | -78.3% | 6.5 yr |
| BRK-BBerkshire Hathaway Inc. | $9M | 7.1% | — | 6.5 yr |
| BFHBread Financial Holdings | $7M | 5.9% | +51.7% | 6.5 yr |
| QCOMQUALCOMM Incorporated | $7M | 5.4% | -14.2% | 4.0 yr |
| WIXWix.com Ltd. | $4M | 3.4% | -44.9% | 0.8 yr |
| FIFiserv, Inc. | $4M | 3.0% | — | 4.5 yr |
| JNJJohnson & Johnson | $4M | 2.9% | +51.5% | 6.5 yr |
| EXTRExtreme Networks, Inc. | $3M | 2.7% | +14.0% | 3.3 yr |
| DXCMDexCom, Inc. | $3M | 2.5% | -8.0% | 1.8 yr |
| PFEPfizer Inc. | $3M | 2.3% | +18.8% | 6.5 yr |
| THRYThryv Holdings, Inc. | $3M | 2.0% | -78.6% | 5.3 yr |
| RKTRocket Companies, Inc. | $2M | 1.8% | +18.1% | 5.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Application21.9%-3.3pp$28M
Investment - Banking & Investment Services14.5%-1.2pp$18M
Internet Content & Information12.9%+4.7pp$16M
Insurance - Diversified7.1%-0.4pp$9M
Drug Manufacturers - General6.9%-0.3pp$9M
Software - Infrastructure6.3%+4.9pp$8M
Financial - Credit Services5.9%+0.1pp$7M
Semiconductors5.4%+0.3pp$7M
Information Technology Services3.8%-4.8pp$5M
Medical - Devices3.6%+2.8pp$5M
Country
US96.4%+4.7pp
IL3.6%
Top 5: 51.0% · Top 10: 71.5% · Top 25: 93.2%
Top buys this quarter · 13
| PAR PAR Technology Corporation | +$11M |
| WIX Wix.com Ltd. | +$4M |
| NET Cloudflare, Inc. | +$2M |
| GTLB GitLab Inc.new | +$1M |
| NOW ServiceNow, Inc.new | +$1M |
| ROP Roper Technologies, Inc.new | +$0M |
| RMNI Rimini Street, Inc. | +$13M |
| DXCM DexCom, Inc. | +$0M |
| CLBT Cellebrite DI Ltd.new | +$0M |
| RKT Rocket Companies, Inc. | +$2M |
Top sells this quarter · 15
| IBKR Interactive Brokers Group, Inc | −$9M |
| BFH Bread Financial Holdings, Inc. | −$5M |
| JNJ Johnson & Johnson | −$4M |
| GD General Dynamics Corporation | −$1M |
| THRY Thryv Holdings, Inc. | −$1M |
| LLY Eli Lilly and Company | −$1M |
| PFE Pfizer Inc. | −$1M |
| MSFT Microsoft Corporation | −$0M |
| IAC IAC InterActive Corp. | −$13M |
| DXC DXC Technology Company | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $126M | 44 | -6.88% | +17.59% | -24.47% | -0.00B |
| 2025-12-31 | $150M | 41 | +1.56% | +17.72% | -16.16% | -0.00B |
| 2025-09-30 | $157M | 42 | +16.71% | +17.52% | -0.81% | +0.00B |
| 2025-06-30 | $153M | 41 | +14.10% | +14.94% | -0.84% | +0.01B |
| 2025-03-31 | $133M | 24 | +4.32% | +8.30% | -3.99% | +0.01B |
| 2024-12-31 | $135M | 22 | +15.06% | +24.89% | -9.82% | -0.00B |
| 2024-09-30 | $123M | 25 | +15.29% | +36.04% | -20.75% | +0.01B |
| 2024-06-30 | $117M | 23 | +4.24% | +24.49% | -20.25% | -0.01B |
| 2024-03-31 | $130M | 24 | +10.70% | +29.62% | -18.92% | +0.00B |
| 2023-12-31 | $124M | 29 | +13.43% | +26.18% | -12.75% | -0.01B |
| 2023-09-30 | $120M | 28 | +2.00% | +21.57% | -19.57% | +0.00B |
| 2023-06-30 | $132M | 31 | -1.19% | +19.42% | -20.61% | -0.01B |
| 2023-03-31 | $128M | 32 | -19.92% | -7.82% | -12.10% | -0.00B |
| 2022-12-31 | $122M | 33 | -1.03% | +7.56% | -8.59% | +0.00B |
| 2022-09-30 | $121M | 33 | -12.49% | -4.93% | -7.57% | +0.00B |
| 2022-06-30 | $133M | 34 | -13.81% | -16.11% | +2.30% | +0.00B |