Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.14%
adds when stocks drop
when a holding falls −10%+
Middle response
-7.40%
baseline attrition
Rally response
-2.50%
trims into rallies
when a holding rises +10%+
Top positions · 10
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $114M | 30.6% | -0.6% | 7.3 yr |
| BROSDutch Bros Inc. | $72M | 19.3% | -17.9% | 3.0 yr |
| TSMTaiwan Semiconductor Man | $64M | 17.2% | +105.6% | 1.3 yr |
| AMZNAmazon.com, Inc. | $56M | 14.9% | +9.5% | 3.3 yr |
| WIXWix.com Ltd. | $25M | 6.7% | -44.9% | 0.3 yr |
| WMTWalmart Inc. | $15M | 4.0% | +42.8% | 0.8 yr |
| HUBBHubbell Incorporated | $12M | 3.1% | +50.1% | 0.3 yr |
| WRDWeRide Inc. | $6M | 1.7% | -40.4% | 0.3 yr |
| SNSharkNinja, Inc. | $5M | 1.4% | +27.0% | 0.3 yr |
| APHAmphenol Corporation | $4M | 1.2% | +93.6% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure39.0%+2.9pp$145M
Restaurants19.3%-1.2pp$72M
Semiconductors17.2%+12.4pp$64M
Specialty Retail14.9%$56M
Discount Stores4.0%$15M
Electrical Equipment & Parts3.1%$12M
Furnishings, Fixtures & Appliances1.4%$5M
Hardware, Equipment & Parts1.2%+0.3pp$4M
Country
US74.4%-20.8pp
TW17.2%+12.4pp
IL6.7%
CN1.7%
Top 5: 88.6% · Top 10: 100.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $373M | 10 | +9.46% | +17.59% | -8.13% | -0.04B |
| 2025-12-31 | $469M | 9 | +19.43% | +17.72% | +1.71% | -0.09B |
| 2025-09-30 | $563M | 9 | +22.54% | +17.52% | +5.02% | -0.15B |
| 2025-06-30 | $710M | 9 | +18.03% | +14.94% | +3.09% | -0.01B |
| 2025-03-31 | $579M | 8 | -5.60% | +8.30% | -13.90% | +0.03B |
| 2024-12-31 | $576M | 10 | +7.17% | +24.89% | -17.71% | -0.07B |
| 2024-09-30 | $633M | 12 | +22.28% | +36.04% | -13.76% | -0.05B |
| 2024-06-30 | $707M | 12 | +16.08% | +24.49% | -8.41% | -0.01B |
| 2024-03-31 | $721M | 16 | +29.31% | +29.62% | -0.32% | +0.12B |
| 2023-12-31 | $552M | 16 | +36.10% | +26.18% | +9.92% | +0.04B |
| 2023-09-30 | $444M | 16 | +25.78% | +21.57% | +4.21% | -0.02B |
| 2023-06-30 | $498M | 19 | +15.22% | +19.42% | -4.21% | +0.07B |
| 2023-03-31 | $389M | 17 | -9.35% | -7.82% | -1.54% | +0.04B |
| 2022-12-31 | $309M | 15 | +7.29% | +7.56% | -0.27% | -0.07B |
| 2022-09-30 | $358M | 14 | -15.45% | -4.93% | -10.52% | -0.01B |
| 2022-06-30 | $438M | 12 | -12.55% | -16.11% | +3.56% | -0.18B |