Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.66%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.40%
steady accumulation
Rally response
-11.63%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $49M | 9.0% | — | 10.3 yr |
| AMZNAmazon.com, Inc. | $33M | 6.0% | +9.5% | 10.0 yr |
| AVGOBroadcom Inc. | $29M | 5.3% | +86.0% | 7.5 yr |
| NVDANVIDIA Corporation | $27M | 5.0% | +60.9% | 6.8 yr |
| MSFTMicrosoft Corporation | $21M | 3.9% | -0.6% | 10.0 yr |
| OCULOcular Therapeutix, Inc. | $20M | 3.6% | +15.6% | 9.3 yr |
| CCLCarnival Corporation & p | $16M | 3.0% | +33.1% | 3.8 yr |
| VVisa Inc. | $15M | 2.7% | -13.1% | 10.3 yr |
| TSMTaiwan Semiconductor Man | $13M | 2.4% | +105.6% | 9.0 yr |
| METAMeta Platforms, Inc. | $12M | 2.2% | -0.4% | 10.3 yr |
| UBERUber Technologies, Inc. | $11M | 2.1% | -1.3% | 5.8 yr |
| ALKAlaska Air Group, Inc. | $10M | 1.8% | -25.3% | 4.0 yr |
| EQTEQT Corporation | $10M | 1.8% | +20.5% | 5.3 yr |
| DASHDoorDash, Inc. | $10M | 1.8% | -17.8% | 0.8 yr |
| WMTWalmart Inc. | $9M | 1.7% | +42.8% | 6.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information13.9%+2.9pp$76M
Semiconductors13.8%+2.5pp$75M
Specialty Retail7.0%-0.4pp$38M
Unknown6.7%+2.8pp$36M
Financial - Credit Services5.6%+0.7pp$31M
Asset Management4.6%-0.6pp$25M
Biotechnology4.1%-0.5pp$23M
Software - Infrastructure3.9%-3.8pp$21M
Oil & Gas Exploration & Production3.0%-0.8pp$17M
Leisure3.0%-0.5pp$16M
Country
US81.2%-2.0pp
Unknown6.5%+2.8pp
TW2.5%+1.0pp
BR1.7%+0.2pp
SG1.4%+0.0pp
MX1.3%-0.2pp
AR1.2%+0.2pp
GB1.1%+0.2pp
Top 5: 29.2% · Top 10: 43.1% · Top 25: 65.5%
Top buys this quarter · 15
| ALK Alaska Air Group, Inc. | +$9M |
| DASH DoorDash, Inc. | +$8M |
| COF Capital One Financial Corporat | +$8M |
| C Citigroup Inc. | +$4M |
| SAC Safeguard Acquisition Corp.new | +$1M |
| V Visa Inc. | +$15M |
| BSX Boston Scientific Corporation | +$3M |
| TJX The TJX Companies, Inc. | +$1M |
| ALUB Alussa Energy Acquisition Corpnew | +$1M |
| DSAC Daedalus Special Acquisition Cnew | +$1M |
Top sells this quarter · 15
| NCLH Norwegian Cruise Line Holdingsexit | −$6M |
| MSFT Microsoft Corporation | −$5M |
| WMT Walmart Inc. | −$5M |
| ETN Eaton Corporation plcexit | −$5M |
| AVGO Broadcom Inc. | −$4M |
| CAT Caterpillar Inc. | −$4M |
| META Meta Platforms, Inc. | −$4M |
| VIST Vista Energy, S.A.B. de C.V. | −$3M |
| GEV GE Vernova Inc. | −$3M |
| MRVL Marvell Technology, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $545M | 235 | +24.47% | +17.59% | +6.88% | -0.01B |
| 2025-12-31 | $604M | 218 | +23.76% | +17.72% | +6.04% | -0.02B |
| 2025-09-30 | $606M | 206 | +26.80% | +17.52% | +9.28% | +0.01B |
| 2025-06-30 | $561M | 191 | +25.36% | +14.94% | +10.41% | -0.00B |
| 2025-03-31 | $465M | 164 | +4.49% | +8.30% | -3.81% | -0.00B |
| 2024-12-31 | $506M | 161 | +30.71% | +24.89% | +5.82% | -0.03B |
| 2024-09-30 | $507M | 154 | +37.56% | +36.04% | +1.52% | -0.04B |
| 2024-06-30 | $523M | 153 | +26.37% | +24.49% | +1.88% | +0.01B |
| 2024-03-31 | $507M | 153 | +40.26% | +29.62% | +10.64% | -0.01B |
| 2023-12-31 | $444M | 144 | +36.90% | +26.18% | +10.72% | -0.05B |
| 2023-09-30 | $439M | 156 | +24.96% | +21.57% | +3.39% | -0.00B |
| 2023-06-30 | $457M | 166 | +27.15% | +19.42% | +7.73% | +0.00B |
| 2023-03-31 | $404M | 167 | -8.12% | -7.82% | -0.30% | +0.01B |
| 2022-12-31 | $349M | 164 | -22.24% | -18.17% | -4.07% | -0.07B |
| 2022-09-30 | $407M | 227 | -15.33% | -15.51% | +0.18% | -0.01B |
| 2022-06-30 | $427M | 234 | -13.65% | -10.62% | -3.03% | -0.05B |