Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.15%
baseline attrition
Rally response
-10.00%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LZLegalZoom.com, Inc. | $162M | 55.6% | -34.1% | 5.0 yr |
| GDRXGoodRx Holdings, Inc. | $118M | 40.4% | -55.6% | 5.8 yr |
| — | $12M | 4.0% | — | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Specialty Business Services55.6%+16.1pp$162M
Medical - Healthcare Information Services40.4%-2.2pp$118M
Unknown4.0%-1.5pp$12M
Country
US96.0%+1.5pp
Unknown4.0%-1.5pp
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 · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $292M | 3 | -45.24% | +17.59% | -62.83% | +0.00B |
| 2025-12-31 | $461M | 3 | -10.60% | +17.72% | -28.32% | -0.00B |
| 2025-09-30 | $573M | 3 | +1.23% | +17.52% | -16.29% | -0.14B |
| 2025-06-30 | $719M | 5 | -6.71% | +14.94% | -21.65% | +0.04B |
| 2025-03-31 | $623M | 5 | -22.99% | +8.30% | -31.29% | -0.26B |
| 2024-12-31 | $861M | 6 | -16.80% | +24.89% | -41.69% | -0.12B |
| 2024-09-30 | $1.07B | 8 | +2.25% | +36.04% | -33.79% | +0.02B |
| 2024-06-30 | $1.14B | 8 | +8.66% | +24.49% | -15.84% | +0.16B |
| 2024-03-31 | $1.09B | 8 | +23.44% | +29.62% | -6.19% | -0.12B |
| 2023-12-31 | $1.10B | 8 | +42.51% | +26.18% | +16.34% | -0.03B |
| 2023-09-30 | $997M | 8 | +21.11% | +21.57% | -0.46% | -0.05B |
| 2023-06-30 | $1.07B | 8 | -1.64% | +19.42% | -21.06% | -0.03B |
| 2023-03-31 | $1.09B | 9 | -60.77% | -7.82% | -52.96% | -0.05B |
| 2022-12-31 | $894M | 8 | -4.09% | +7.56% | -11.65% | +0.00B |
| 2022-09-30 | $927M | 7 | -20.89% | -4.93% | -15.96% | -0.02B |
| 2022-06-30 | $1.20B | 7 | -59.47% | -16.11% | -43.36% | +0.18B |