Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.48%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.50%
baseline attrition
Rally response
-7.47%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $1.70B | 40.0% | — | 0.8 yr |
| OLPXOlaplex Holdings, Inc. | $1.01B | 23.9% | +59.8% | 4.8 yr |
| WAYWaystar Holding Corp. | $267M | 6.3% | -35.5% | 0.5 yr |
| — | $252M | 5.9% | — | 3.3 yr |
| TSMTaiwan Semiconductor Man | $116M | 2.7% | +105.6% | 1.0 yr |
| NUNu Holdings Ltd. | $105M | 2.5% | +40.3% | 4.5 yr |
| CRSCarpenter Technology Cor | $93M | 2.2% | +118.3% | 2.5 yr |
| NCSMNCS Multistage Holdings, | $91M | 2.2% | +76.7% | 5.3 yr |
| DHDefinitive Healthcare Co | $77M | 1.8% | -57.4% | 4.8 yr |
| BKRBaker Hughes Company | $72M | 1.7% | +41.7% | 0.3 yr |
| SEISolaris Energy Infrastru | $70M | 1.7% | +163.1% | 0.8 yr |
| AMDAdvanced Micro Devices, | $50M | 1.2% | +98.0% | 0.3 yr |
| MRVLMarvell Technology, Inc. | $47M | 1.1% | +61.3% | 2.0 yr |
| ARESAres Management Corporat | $47M | 1.1% | -23.1% | 1.0 yr |
| GPIGroup 1 Automotive, Inc. | $39M | 0.9% | -13.0% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Unknown45.9%+36.5pp$1.95B
Specialty Retail23.9%+3.8pp$1.01B
Information Technology Services6.3%$267M
Oil & Gas Equipment & Services5.5%+3.9pp$234M
Semiconductors5.0%+2.8pp$213M
Banks - Diversified2.5%-2.4pp$105M
Manufacturing - Metal Fabrication2.2%-2.4pp$93M
Medical - Healthcare Information Services1.8%-3.9pp$77M
Auto - Dealerships1.5%-4.0pp$63M
Software - Application1.3%-0.5pp$56M
Country
US47.8%-37.0pp
Unknown45.9%+36.5pp
TW2.7%
BR2.7%-2.2pp
CA0.8%+0.0pp
Top 5: 78.9% · Top 10: 89.2% · Top 25: 99.8%
Top buys this quarter · 11
| BKR Baker Hughes Companynew | +$72M |
| AMD Advanced Micro Devices, Inc.new | +$50M |
| ARES Ares Management Corporation | +$46M |
| VST Vistra Corp.new | +$28M |
| GFL GFL Environmental Inc. | +$19M |
| SNPS Synopsys, Inc. | +$17M |
| TDG TransDigm Group Incorporated | +$13M |
| AGBK AGI Incnew | +$8M |
| INTU Intuit Inc. | +$8M |
| STEP StepStone Group Inc.new | +$6M |
Top sells this quarter · 13
| OWL Blue Owl Capital Inc. | −$61M |
| CRS Carpenter Technology Corporati | −$41M |
| MRVL Marvell Technology, Inc. | −$26M |
| NU Nu Holdings Ltd. | −$24M |
| WDAY Workday, Inc. | −$23M |
| TSM Taiwan Semiconductor Manufactu | −$20M |
| EQH Equitable Holdings, Inc. | −$19M |
| DT Dynatrace, Inc. | −$18M |
| LAD Lithia Motors, Inc. | −$14M |
| GPI Group 1 Automotive, Inc. | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.24B | 30 | +17.50% | +17.59% | -0.09% | -0.86B |
| 2025-12-31 | $4.83B | 24 | -8.24% | +17.72% | -25.96% | +0.03B |
| 2025-09-30 | $4.97B | 25 | -12.24% | +17.52% | -29.76% | +1.89B |
| 2025-06-30 | $3.08B | 21 | +2.27% | +14.94% | -12.67% | -0.55B |
| 2025-03-31 | $3.16B | 24 | -25.38% | +8.30% | -33.68% | -0.37B |
| 2024-12-31 | $4.28B | 23 | -13.95% | +24.89% | -38.84% | -0.09B |
| 2024-09-30 | $4.72B | 22 | +15.35% | +36.04% | -20.69% | -0.15B |
| 2024-06-30 | $4.18B | 23 | -29.95% | +24.49% | -54.44% | -0.60B |
| 2024-03-31 | $5.70B | 19 | -18.22% | +29.62% | -47.84% | -1.40B |
| 2023-12-31 | $7.46B | 20 | -20.59% | +26.18% | -46.77% | -2.94B |
| 2023-09-30 | $8.39B | 19 | -58.64% | +21.57% | -80.21% | +2.28B |
| 2023-06-30 | $8.64B | 20 | -57.67% | +19.42% | -77.10% | +0.59B |
| 2023-03-31 | $8.21B | 24 | -61.41% | -7.82% | -53.59% | +0.29B |
| 2022-12-31 | $8.57B | 24 | -35.43% | +7.56% | -42.99% | +1.31B |
| 2022-09-30 | $11.25B | 25 | -27.62% | -4.93% | -22.70% | +0.90B |
| 2022-06-30 | $14.30B | 24 | -10.66% | -16.11% | +5.45% | -0.28B |