Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.70%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.48%
baseline attrition
Rally response
-4.29%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| RELYRemitly Global, Inc. | $211M | 83.3% | -24.7% | 4.5 yr |
| SMWBSimilarweb Ltd. | $29M | 11.5% | -68.4% | 4.5 yr |
| SKILSkillsoft Corp. | $13M | 5.2% | -77.7% | 4.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure83.3%+8.3pp$211M
Internet Content & Information11.5%+2.6pp$29M
Education & Training Services5.2%-10.9pp$13M
Country
US88.5%-2.6pp
IL11.5%+2.6pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 1
| RELY Remitly Global, Inc. | −$188M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $253M | 3 | -32.39% | +17.59% | -49.98% | -0.19B |
| 2025-12-31 | $463M | 3 | -38.00% | +17.72% | -55.72% | -0.09B |
| 2025-09-30 | $662M | 5 | +16.35% | +17.52% | -1.17% | -0.01B |
| 2025-06-30 | $712M | 4 | +31.28% | +14.94% | +16.34% | -0.22B |
| 2025-03-31 | $1.04B | 4 | -2.72% | +8.30% | -11.02% | -0.02B |
| 2024-12-31 | $1.22B | 4 | +11.43% | +24.89% | -13.46% | -0.00B |
| 2024-09-30 | $774M | 4 | -44.39% | +36.04% | -80.43% | +0.00B |
| 2024-06-30 | $730M | 4 | -47.56% | +24.49% | -72.05% | +0.00B |
| 2024-03-31 | $1.09B | 4 | -41.29% | +29.62% | -70.91% | +0.19B |
| 2023-12-31 | $898M | 4 | -14.47% | +26.18% | -40.65% | -0.02B |
| 2023-09-30 | $1.18B | 3 | -15.38% | +21.57% | -36.95% | +0.14B |
| 2023-06-30 | $1.04B | 4 | -49.05% | +19.42% | -68.48% | +0.30B |
| 2023-03-31 | $982M | 4 | -59.05% | -7.82% | -51.23% | -0.12B |
| 2022-12-31 | $760M | 4 | -22.43% | +7.56% | -29.99% | +0.14B |
| 2022-09-30 | $800M | 4 | -39.79% | -4.93% | -34.86% | +0.34B |
| 2022-06-30 | $769M | 4 | -39.81% | -16.11% | -23.70% | +0.15B |