Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.72%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.17%
baseline attrition
Rally response
+3.13%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| APOApollo Global Management | $96M | 28.9% | -17.4% | 2.5 yr |
| SPYState Street SPDR S&P 50 | $50M | 15.0% | +17.6% | 2.5 yr |
| SBUXStarbucks Corporation | $31M | 9.3% | -6.1% | 2.5 yr |
| LYVLive Nation Entertainmen | $28M | 8.6% | +16.8% | 2.5 yr |
| GOOGAlphabet Inc. | $25M | 7.5% | +84.3% | 2.5 yr |
| AAPLApple Inc. | $23M | 7.0% | +14.7% | 2.5 yr |
| MSFTMicrosoft Corporation | $14M | 4.3% | -0.6% | 2.5 yr |
| METAMeta Platforms, Inc. | $14M | 4.2% | -0.4% | 2.3 yr |
| JPMJPMorgan Chase & Co. | $9M | 2.7% | +21.8% | 2.5 yr |
| TPGTPG Inc. | $7M | 2.1% | -11.3% | 2.5 yr |
| LLYEli Lilly and Company | $6M | 1.7% | +12.2% | 2.5 yr |
| MSTRStrategy Inc | $4M | 1.2% | -56.7% | 0.3 yr |
| SPOTSpotify Technology S.A. | $2M | 0.7% | -11.8% | 2.5 yr |
| SHOPShopify Inc. | $2M | 0.7% | +24.2% | 2.3 yr |
| DUHPDimensional - US High Pr | $2M | 0.6% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management48.0%-9.8pp$160M
Internet Content & Information12.7%+2.3pp$42M
Restaurants9.3%+0.5pp$31M
Entertainment9.1%+0.2pp$30M
Consumer Electronics7.0%+0.9pp$23M
Software - Infrastructure4.7%+0.7pp$16M
Banks - Diversified3.0%+0.8pp$10M
Software - Application2.2%+1.8pp$7M
Drug Manufacturers - General1.7%+1.2pp$6M
Unknown0.5%+0.5pp$2M
Country
US98.0%+1.6pp
LU0.7%-2.3pp
CA0.7%+0.2pp
Unknown0.5%+0.5pp
DK0.0%-0.0pp
SG0.0%
Top 5: 69.2% · Top 10: 89.5% · Top 25: 98.1%
Top buys this quarter · 15
| LYV Live Nation Entertainment, Inc | +$6M |
| AAPL Apple Inc. | +$5M |
| MSTR Strategy Incnew | +$4M |
| LLY Eli Lilly and Company | +$3M |
| UBER Uber Technologies, Inc.new | +$1M |
| NVDA NVIDIA Corporation | +$1M |
| PLTR Palantir Technologies Inc.new | +$1M |
| MSFT Microsoft Corporation | +$14M |
| JPM JPMorgan Chase & Co. | +$1M |
| TSLA Tesla, Inc.new | +$1M |
Top sells this quarter · 10
| SPY State Street SPDR S&P 500 ETF | −$10M |
| MTN Vail Resorts, Inc.exit | −$8M |
| GOOG Alphabet Inc. | −$1M |
| DIS The Walt Disney Company | −$1M |
| AGEN Agenus Inc.exit | −$0M |
| META Meta Platforms, Inc. | −$0M |
| EAGL Eagle Capital Select Equity ET | −$0M |
| SLV iShares Silver Trustexit | −$0M |
| IBIT iShares Bitcoin Trust ETFexit | −$0M |
| — exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $333M | 50 | +1.71% | +17.59% | -15.88% | -0.02B |
| 2025-12-31 | $399M | 31 | +5.47% | +17.72% | -12.25% | -0.02B |
| 2025-09-30 | $400M | 30 | +15.58% | +17.52% | -1.94% | -0.01B |
| 2025-06-30 | $399M | 28 | +20.95% | +14.94% | +6.01% | -0.03B |
| 2025-03-31 | $390M | 30 | +13.97% | +8.30% | +5.66% | +0.03B |
| 2024-12-31 | $400M | 31 | +40.01% | +24.89% | +15.13% | -0.04B |
| 2024-09-30 | $388M | 29 | +7.45% | +5.75% | +1.70% | +0.01B |
| 2024-06-30 | $349M | 27 | +2.78% | +4.38% | -1.59% | +0.01B |
| 2024-03-31 | $334M | 23 | +11.70% | +10.39% | +1.31% | +0.01B |
| 2023-12-31 | $287M | 20 | — | — | — | — |