Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.86%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.35%
baseline attrition
Rally response
-5.51%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $908M | 16.1% | +60.9% | 5.3 yr |
| MSFTMicrosoft Corporation | $571M | 10.1% | -0.6% | 8.8 yr |
| GOOGLAlphabet Inc. | $507M | 9.0% | — | 10.3 yr |
| AVGOBroadcom Inc. | $500M | 8.8% | +86.0% | 2.5 yr |
| AMZNAmazon.com, Inc. | $407M | 7.2% | +9.5% | 7.5 yr |
| ANETArista Networks, Inc. | $330M | 5.8% | +58.5% | 1.5 yr |
| METAMeta Platforms, Inc. | $287M | 5.1% | -0.4% | 9.3 yr |
| GEVGE Vernova Inc. | $206M | 3.6% | +186.8% | 1.8 yr |
| HWMHowmet Aerospace Inc. | $177M | 3.1% | +78.1% | 2.3 yr |
| UBERUber Technologies, Inc. | $155M | 2.7% | -1.3% | 2.5 yr |
| VVisa Inc. | $138M | 2.4% | -13.1% | 10.3 yr |
| INTUIntuit Inc. | $134M | 2.4% | -29.3% | 8.0 yr |
| NFLXNetflix, Inc. | $133M | 2.4% | +3.1% | 3.3 yr |
| DXCMDexCom, Inc. | $121M | 2.1% | -8.0% | 2.3 yr |
| ORCLOracle Corporation | $114M | 2.0% | +5.9% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors26.6%+10.5pp$1.50B
Internet Content & Information17.3%+2.7pp$978M
Software - Infrastructure12.1%-2.7pp$686M
Software - Application9.6%-4.2pp$544M
Specialty Retail7.3%-2.0pp$412M
Computer Hardware5.8%-1.8pp$330M
Aerospace & Defense5.0%+0.9pp$284M
Financial - Credit Services4.3%-0.8pp$243M
Renewable Utilities3.6%+2.8pp$206M
Medical - Devices2.9%+0.4pp$166M
Country
US98.2%+1.1pp
LU1.2%
TW0.3%+0.1pp
UY0.1%+0.0pp
NL0.1%
IL0.1%
SG0.0%
GB0.0%
Top 5: 51.1% · Top 10: 71.6% · Top 25: 97.6%
Top buys this quarter · 15
| P Everpure, Inc.new | +$69M |
| SPOT Spotify Technology S.A. | +$68M |
| ENTG Entegris, Inc. | +$42M |
| BSX Boston Scientific Corporation | +$35M |
| ORCL Oracle Corporation | +$33M |
| TER Teradyne, Inc.new | +$31M |
| ADSK Autodesk, Inc. | +$30M |
| FICO Fair Isaac Corporation | +$24M |
| NOW ServiceNow, Inc. | +$50M |
| META Meta Platforms, Inc. | +$287M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.66B | 44 | +13.34% | +17.59% | -4.25% | -0.20B |
| 2025-12-31 | $6.75B | 47 | +18.11% | +17.72% | +0.39% | -0.02B |
| 2025-09-30 | $7.02B | 41 | +29.09% | +17.52% | +11.57% | -0.26B |
| 2025-06-30 | $6.77B | 39 | +19.98% | +14.94% | +5.04% | -0.44B |
| 2025-03-31 | $5.72B | 39 | -3.81% | +8.30% | -12.11% | -0.13B |
| 2024-12-31 | $6.48B | 40 | +15.97% | +24.89% | -8.92% | -0.43B |
| 2024-09-30 | $6.55B | 99 | +30.15% | +36.04% | -5.89% | -0.35B |
| 2024-06-30 | $6.90B | 102 | +26.72% | +24.49% | +2.23% | -0.48B |
| 2024-03-31 | $7.32B | 115 | +33.97% | +29.62% | +4.35% | +0.19B |
| 2023-12-31 | $6.54B | 129 | +31.46% | +26.18% | +5.29% | -0.48B |
| 2023-09-30 | $5.93B | 57 | +16.71% | +21.57% | -4.86% | -0.09B |
| 2023-06-30 | $6.18B | 58 | +16.99% | +19.42% | -2.43% | -0.34B |
| 2023-03-31 | $6.11B | 56 | -9.37% | -7.82% | -1.55% | -0.32B |
| 2022-12-31 | $6.01B | 58 | +5.08% | +7.56% | -2.48% | -0.19B |
| 2022-09-30 | $5.90B | 61 | -2.48% | -4.93% | +2.45% | +0.09B |
| 2022-06-30 | $5.96B | 57 | -17.33% | -16.11% | -1.22% | -0.23B |