Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.48%
trims when stocks drop
when a holding falls −10%+
Middle response
+8.10%
steady accumulation
Rally response
+0.06%
adds into rallies
when a holding rises +10%+
Top positions · 7
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| INTCIntel Corporation | $9.48B | 51.6% | +94.3% | 0.5 yr |
| CRWVCoreWeave, Inc. Class A | $3.66B | 19.9% | +108.9% | 1.3 yr |
| SNPSSynopsys, Inc. | $1.91B | 10.4% | -7.5% | 0.5 yr |
| COHRCoherent, Inc. | $1.86B | 10.1% | +266.8% | 0.3 yr |
| NOKNokia Oyj | $1.34B | 7.3% | +57.0% | 0.5 yr |
| YNDXYandex N.V. | $124M | 0.7% | — | 1.5 yr |
| GENBGenerate Biomedicines, I | $10M | 0.1% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors51.6%+41.3pp$9.48B
Software - Infrastructure30.3%-49.9pp$5.57B
Hardware, Equipment & Parts10.1%$1.86B
Communication Equipment7.3%$1.34B
Internet Content & Information0.7%-1.5pp$124M
Asset Management0.1%$10M
Country
US92.0%+6.5pp
FI7.3%
RU0.7%-1.5pp
Top 5: 99.3% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CRWV | $897M | +0.98B | 108.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 3
| COHR Coherent, Inc.new | +$1.86B |
| CRWV CoreWeave, Inc. Class A Common | +$1.78B |
| GENB Generate Biomedicines, Inc.new | +$10M |
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $18.37B | 7 | +13.24% | -4.37% | +17.62% | +3.53B |
| 2025-12-31 | $13.10B | 5 | -13.01% | +2.66% | -15.68% | +9.76B |
| 2025-09-30 | $3.84B | 6 | -13.06% | +8.12% | -21.18% | +0.08B |
| 2025-06-30 | $4.33B | 6 | — | +10.78% | — | +3.19B |
| 2025-03-31 | $1.15B | 6 | -11.17% | +8.30% | -19.48% | +0.89B |
| 2024-12-31 | $305M | 5 | +56.62% | +24.89% | +31.73% | -0.11B |
| 2024-09-30 | $433M | 6 | -3.61% | +5.75% | -9.37% | +0.05B |
| 2024-06-30 | $393M | 5 | +15.99% | +4.38% | +11.61% | +0.01B |
| 2024-03-31 | $333M | 4 | +46.31% | +10.39% | +35.92% | -0.00B |
| 2023-12-31 | $230M | 5 | — | — | — | — |