Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.94%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.47%
baseline attrition
Rally response
-4.70%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $278M | 8.2% | +60.9% | 3.5 yr |
| MSFTMicrosoft Corporation | $168M | 4.9% | -0.6% | 3.5 yr |
| SESea Limited | $152M | 4.5% | -36.5% | 3.5 yr |
| TSMTaiwan Semiconductor Man | $117M | 3.5% | +105.6% | 3.5 yr |
| AMZNAmazon.com, Inc. | $114M | 3.4% | +9.5% | 3.5 yr |
| AAPLApple Inc. | $106M | 3.1% | +14.7% | 3.5 yr |
| TERTeradyne, Inc. | $96M | 2.8% | +260.2% | 1.8 yr |
| AVGOBroadcom Inc. | $88M | 2.6% | +86.0% | 3.5 yr |
| ACWIiShares MSCI ACWI ETF | $85M | 2.5% | — | 3.5 yr |
| GOOGLAlphabet Inc. | $83M | 2.5% | — | 3.5 yr |
| GLDSPDR Gold Shares | $83M | 2.4% | — | 3.5 yr |
| QQQInvesco QQQ Trust, Serie | $65M | 1.9% | — | 3.5 yr |
| GLDMSPDR Gold MiniShares Tru | $63M | 1.8% | — | 3.5 yr |
| CCitigroup Inc. | $62M | 1.8% | +63.9% | 3.5 yr |
| METAMeta Platforms, Inc. | $59M | 1.7% | -0.4% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors22.0%+9.0pp$749M
Asset Management18.7%-2.2pp$638M
Specialty Retail9.4%+0.4pp$319M
Software - Infrastructure7.7%+1.7pp$261M
Internet Content & Information5.4%-0.3pp$185M
Software - Application4.0%-2.6pp$136M
Consumer Electronics3.1%+0.0pp$106M
Medical - Diagnostics & Research2.9%-0.2pp$98M
Banks - Diversified2.2%+0.1pp$76M
Drug Manufacturers - General1.6%-0.3pp$54M
Country
US85.4%-1.8pp
SG5.6%-0.6pp
TW3.5%+1.3pp
IE1.4%+0.0pp
CN1.3%+0.1pp
HK1.0%
Unknown0.4%-0.0pp
IN0.3%-0.3pp
Top 5: 24.4% · Top 10: 37.9% · Top 25: 59.6%
Top buys this quarter · 15
| FUTU Futu Holdings Limited | +$22M |
| MRVL Marvell Technology, Inc. | +$20M |
| ORCL Oracle Corporation | +$19M |
| KO The Coca-Cola Company | +$11M |
| MSFT Microsoft Corporation | +$168M |
| PLTR Palantir Technologies Inc. | +$9M |
| LITE Lumentum Holdings Inc.new | +$9M |
| PANW Palo Alto Networks, Inc. | +$9M |
| ATAT Atour Lifestyle Holdings Limit | +$8M |
| CLX The Clorox Company | +$6M |
Top sells this quarter · 15
| AMD Advanced Micro Devices, Inc. | −$41M |
| TSM Taiwan Semiconductor Manufactu | −$29M |
| NVDA NVIDIA Corporation | −$27M |
| META Meta Platforms, Inc. | −$22M |
| UNH UnitedHealth Group Incorporate | −$13M |
| AVGO Broadcom Inc. | −$8M |
| GRAB Grab Holdings Limited | −$8M |
| NXPI NXP Semiconductors N.V.exit | −$6M |
| MKSI MKS Inc. | −$6M |
| IBN ICICI Bank Limited | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.40B | 324 | +14.49% | +17.59% | -3.10% | +0.11B |
| 2025-12-31 | $3.62B | 314 | +18.14% | +17.72% | +0.42% | -0.25B |
| 2025-09-30 | $3.86B | 311 | +21.32% | +17.52% | +3.81% | -0.01B |
| 2025-06-30 | $3.54B | 309 | +19.03% | +14.94% | +4.09% | -0.38B |
| 2025-03-31 | $3.41B | 357 | +7.35% | +8.30% | -0.95% | +0.14B |
| 2024-12-31 | $3.50B | 339 | +25.96% | +24.89% | +1.08% | -0.18B |
| 2024-09-30 | $3.57B | 370 | +38.45% | +36.04% | +2.42% | +0.00B |
| 2024-06-30 | $3.32B | 351 | +21.52% | +24.49% | -2.97% | +0.10B |
| 2024-03-31 | $3.11B | 318 | +20.48% | +29.62% | -9.14% | +0.01B |
| 2023-12-31 | $2.82B | 305 | +26.03% | +26.18% | -0.15% | +0.35B |
| 2023-09-30 | $2.18B | 358 | -5.78% | -3.22% | -2.56% | +0.24B |
| 2023-06-30 | $2.06B | 316 | +2.70% | +8.68% | -5.98% | +0.02B |
| 2023-03-31 | $1.98B | 297 | +15.02% | +7.46% | +7.56% | -0.00B |
| 2022-12-31 | $1.73B | 338 | — | — | — | — |