Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.05%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.21%
baseline attrition
Rally response
-11.10%
trims into rallies
when a holding rises +10%+
Top positions · 12
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JBLJabil Inc. | $68M | 16.2% | +95.5% | 3.3 yr |
| INTAIntapp, Inc. | $52M | 12.3% | -56.0% | 3.5 yr |
| FROGJFrog Ltd. | $48M | 11.4% | +46.7% | 3.3 yr |
| PCORProcore Technologies, In | $39M | 9.3% | -13.7% | 1.8 yr |
| NOWServiceNow, Inc. | $37M | 8.8% | -34.3% | 9.8 yr |
| TDGTransDigm Group Incorpor | $36M | 8.7% | -10.5% | 1.0 yr |
| TYLTyler Technologies, Inc. | $34M | 8.2% | -41.1% | 9.5 yr |
| TWTradeweb Markets Inc. | $26M | 6.3% | -20.4% | 1.3 yr |
| CLBTCellebrite DI Ltd. | $26M | 6.1% | -29.1% | 0.8 yr |
| DSGXThe Descartes Systems Gr | $22M | 5.3% | -29.0% | 3.3 yr |
| ALKTAlkami Technology, Inc. | $22M | 5.2% | -40.3% | 1.3 yr |
| WKWorkiva Inc. | $9M | 2.1% | -21.4% | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Application62.6%-9.2pp$262M
Hardware, Equipment & Parts16.2%+7.0pp$68M
Aerospace & Defense8.7%$36M
Financial - Capital Markets6.3%+0.6pp$26M
Software - Infrastructure6.1%-1.4pp$26M
Country
US88.6%+4.7pp
IL6.1%-1.4pp
CA5.3%-3.3pp
Top 5: 58.0% · Top 10: 92.6% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $419M | 12 | -14.71% | +17.59% | -32.30% | -0.01B |
| 2025-12-31 | $540M | 12 | -1.85% | +17.72% | -19.57% | +0.00B |
| 2025-09-30 | $513M | 13 | +1.38% | +17.52% | -16.14% | -0.01B |
| 2025-06-30 | $567M | 13 | +26.37% | +14.94% | +11.42% | -0.03B |
| 2025-03-31 | $535M | 13 | +15.48% | +8.30% | +7.17% | -0.01B |
| 2024-12-31 | $596M | 12 | +34.64% | +24.89% | +9.75% | -0.05B |
| 2024-09-30 | $596M | 13 | +40.10% | +36.04% | +4.06% | -0.00B |
| 2024-06-30 | $526M | 12 | +21.75% | +24.49% | -2.74% | -0.17B |
| 2024-03-31 | $678M | 12 | +27.44% | +29.62% | -2.18% | -0.18B |
| 2023-12-31 | $810M | 13 | +34.52% | +26.18% | +8.34% | -0.07B |
| 2023-09-30 | $776M | 13 | +21.05% | +21.57% | -0.52% | -0.31B |
| 2023-06-30 | $1.10B | 16 | +20.25% | +19.42% | +0.83% | -0.09B |
| 2023-03-31 | $1.11B | 16 | -13.01% | -7.82% | -5.19% | +0.00B |
| 2022-12-31 | $984M | 16 | +1.56% | +7.56% | -6.00% | -0.06B |
| 2022-09-30 | $1.02B | 14 | -1.77% | -4.93% | +3.16% | -0.10B |
| 2022-06-30 | $1.14B | 16 | -22.38% | -16.11% | -6.27% | +0.03B |