Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.47%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.35%
baseline attrition
Rally response
-10.26%
trims into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NOWServiceNow, Inc. | $120M | 68.4% | -34.3% | 0.5 yr |
| RBRKRubrik, Inc. | $32M | 18.5% | -19.7% | 2.0 yr |
| WAYWaystar Holding Corp. | $21M | 12.2% | -35.5% | 0.5 yr |
| BTGOBitGo Holdings, Inc. | $2M | 1.0% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Application68.4%$120M
Software - Infrastructure18.5%-80.6pp$32M
Information Technology Services12.2%$21M
Financial - Capital Markets1.0%$2M
Country
US100.0%+0.9pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| BTGO BitGo Holdings, Inc.new | +$2M |
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 | $175M | 4 | -19.15% | +17.59% | -36.74% | +0.00B |
| 2025-12-31 | $255M | 3 | +10.89% | +17.72% | -6.83% | +0.15B |
| 2025-09-30 | $114M | 2 | +155.83% | +17.52% | +138.31% | +0.00B |
| 2025-06-30 | $124M | 2 | +199.07% | +14.94% | +184.13% | -0.17B |
| 2025-03-31 | $200M | 3 | +242.02% | +8.30% | +233.72% | -0.01B |
| 2024-12-31 | $220M | 3 | +149.42% | +24.89% | +124.54% | -0.03B |
| 2024-09-30 | $121M | 3 | -1.57% | +36.04% | -37.61% | -0.10B |
| 2024-06-30 | $210M | 4 | -67.98% | +24.49% | -92.47% | -0.01B |
| 2024-03-31 | $131M | 3 | -84.07% | +29.62% | -113.69% | +0.02B |
| 2023-12-31 | $156M | 3 | -75.86% | +26.18% | -102.04% | +0.04B |
| 2023-09-30 | $146M | 3 | -63.48% | +21.57% | -85.05% | +0.09B |
| 2023-06-30 | $163M | 2 | -4.49% | +19.42% | -23.92% | -0.26B |
| 2023-03-31 | $505M | 3 | -41.46% | -7.82% | -33.64% | -0.01B |
| 2022-12-31 | $498M | 3 | +21.36% | +7.56% | +13.80% | -0.46B |
| 2022-09-30 | $790M | 5 | -8.69% | -4.93% | -3.76% | +0.15B |
| 2022-06-30 | $702M | 8 | -48.76% | -16.11% | -32.64% | +0.14B |