Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-14.51%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.29%
baseline attrition
Rally response
-3.92%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VVisa Inc. | $72M | 7.2% | -13.1% | 10.5 yr |
| VRTXVertex Pharmaceuticals I | $66M | 6.5% | -7.9% | 5.0 yr |
| GOOGAlphabet Inc. | $64M | 6.4% | +84.3% | 7.0 yr |
| MSFTMicrosoft Corporation | $58M | 5.8% | -0.6% | 6.3 yr |
| — | $52M | 5.2% | — | 2.3 yr |
| TSMTaiwan Semiconductor Man | $50M | 5.0% | +105.6% | 0.8 yr |
| CACICACI International Inc | $49M | 4.8% | +48.2% | 1.3 yr |
| BLKBlackRock, Inc. | $48M | 4.8% | +3.7% | 1.0 yr |
| SCHWThe Charles Schwab Corpo | $48M | 4.8% | +21.5% | 3.5 yr |
| ICEIntercontinental Exchang | $47M | 4.6% | -7.8% | 2.8 yr |
| AMZNAmazon.com, Inc. | $45M | 4.5% | +9.5% | 4.5 yr |
| BKNGBooking Holdings Inc. | $44M | 4.3% | -96.3% | 4.5 yr |
| GLWCorning Incorporated | $39M | 3.9% | +201.5% | 0.8 yr |
| METAMeta Platforms, Inc. | $36M | 3.6% | -0.4% | 3.8 yr |
| ORLYO'Reilly Automotive, Inc | $35M | 3.5% | -3.4% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information11.7%+3.3pp$117M
Specialty Retail8.0%+0.8pp$80M
Financial - Credit Services7.3%-1.6pp$73M
Semiconductors7.0%+6.9pp$71M
Biotechnology6.5%-0.6pp$66M
Software - Infrastructure5.8%-0.2pp$58M
Asset Management5.4%+5.0pp$55M
Information Technology Services5.2%-2.1pp$53M
Unknown5.2%-1.7pp$52M
Financial - Data & Stock Exchanges5.0%-0.6pp$51M
Country
US86.5%-6.4pp
Unknown5.2%-1.7pp
TW5.0%
IE3.2%
BM0.1%+0.0pp
Top 5: 31.1% · Top 10: 55.1% · Top 25: 94.1%
Top buys this quarter · 15
| NFLX Netflix, Inc.new | +$28M |
| PNTG The Pennant Group, Inc. | +$9M |
| ICE Intercontinental Exchange, Inc | +$2M |
| DASH DoorDash, Inc. | +$15M |
| MDT Medtronic plc | +$1M |
| ALSN Allison Transmission Holdings,new | +$1M |
| AMZN Amazon.com, Inc. | +$45M |
| ADP Automatic Data Processing, Incnew | +$1M |
| ACN Accenture plc | +$3M |
| DT Dynatrace, Inc.new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.01B | 82 | -1.73% | +17.59% | -19.32% | +0.02B |
| 2025-12-31 | $1.10B | 86 | +9.11% | +17.72% | -8.60% | -0.03B |
| 2025-09-30 | $1.13B | 81 | +9.03% | +17.52% | -8.48% | -0.05B |
| 2025-06-30 | $1.17B | 75 | +9.18% | +14.94% | -5.76% | +0.02B |
| 2025-03-31 | $1.06B | 71 | -2.21% | +8.30% | -10.52% | +0.02B |
| 2024-12-31 | $1.05B | 74 | +6.70% | +24.89% | -18.18% | -0.07B |
| 2024-09-30 | $1.12B | 77 | +21.99% | +36.04% | -14.05% | +0.01B |
| 2024-06-30 | $1.10B | 75 | +12.52% | +24.49% | -11.97% | -0.00B |
| 2024-03-31 | $1.13B | 74 | +25.65% | +29.62% | -3.98% | -0.02B |
| 2023-12-31 | $1.06B | 78 | +25.46% | +26.18% | -0.72% | +0.02B |
| 2023-09-30 | $907M | 72 | +18.97% | +21.57% | -2.60% | +0.02B |
| 2023-06-30 | $945M | 75 | +17.03% | +19.42% | -2.39% | -0.05B |
| 2023-03-31 | $923M | 73 | -11.81% | -7.82% | -3.99% | +0.01B |
| 2022-12-31 | $843M | 65 | +8.18% | +7.56% | +0.62% | -0.00B |
| 2022-09-30 | $781M | 56 | -7.81% | -4.93% | -2.88% | -0.00B |
| 2022-06-30 | $850M | 55 | -18.48% | -16.11% | -2.37% | -0.00B |