Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.97%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.31%
steady accumulation
Rally response
-4.87%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LSCCLattice Semiconductor Co | $32M | 12.0% | +76.9% | 1.8 yr |
| KRYSKrystal Biotech, Inc. | $22M | 8.4% | +43.3% | 7.8 yr |
| SYMSymbotic Inc. | $20M | 7.4% | +163.2% | 3.3 yr |
| IPGPIPG Photonics Corporatio | $18M | 6.7% | +81.5% | 1.3 yr |
| PRLBProto Labs, Inc. | $17M | 6.4% | +62.7% | 3.0 yr |
| ALGMAllegro MicroSystems, In | $14M | 5.5% | +25.5% | 5.3 yr |
| — | $13M | 4.9% | — | 1.5 yr |
| KTOSKratos Defense & Securit | $12M | 4.7% | +137.5% | 10.5 yr |
| OLEDUniversal Display Corpor | $12M | 4.4% | -33.3% | 5.3 yr |
| FIVNFive9, Inc. | $8M | 3.1% | -44.1% | 6.5 yr |
| ATIATI Inc. | $8M | 3.0% | +179.6% | 0.5 yr |
| POWIPower Integrations, Inc. | $7M | 2.7% | +3.4% | 0.8 yr |
| SEMRSemrush Holdings, Inc. | $7M | 2.5% | +28.0% | 0.8 yr |
| ARLOArlo Technologies, Inc. | $7M | 2.5% | +44.2% | 1.8 yr |
| SLABSilicon Laboratories Inc | $6M | 2.2% | +84.9% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors30.9%-3.0pp$82M
Software - Application13.4%+2.9pp$35M
Biotechnology8.4%-0.5pp$22M
Industrial - Machinery7.4%+0.4pp$20M
Unknown6.9%+2.3pp$18M
Manufacturing - Miscellaneous6.4%+0.9pp$17M
Aerospace & Defense4.7%-1.0pp$12M
Hardware, Equipment & Parts4.4%-2.1pp$12M
Manufacturing - Metal Fabrication3.0%$8M
Internet Content & Information2.9%-3.3pp$8M
Country
US89.8%-0.2pp
Unknown6.9%+2.3pp
CH1.7%
IL1.6%-2.7pp
Top 5: 40.9% · Top 10: 63.4% · Top 25: 93.0%
Top buys this quarter · 15
| SYM Symbotic Inc. | +$6M |
| AMBQ Ambiq Micro, Inc.new | +$5M |
| GTX Garrett Motion Inc.new | +$4M |
| PUBM PubMatic, Inc. | +$3M |
| EVER EverQuote, Inc. | +$2M |
| TREE LendingTree, Inc. | +$2M |
| SMWB Similarweb Ltd. | +$4M |
| FIVN Five9, Inc. | +$8M |
| OLED Universal Display Corporation | +$12M |
| IPGP IPG Photonics Corporation | +$1M |
Top sells this quarter · 11
| SLAB Silicon Laboratories Inc. | −$15M |
| AMBA Ambarella, Inc.exit | −$7M |
| ATI ATI Inc. | −$4M |
| KRYS Krystal Biotech, Inc. | −$3M |
| MTSI MACOM Technology Solutions Hol | −$2M |
| LSCC Lattice Semiconductor Corporat | −$26M |
| ARLO Arlo Technologies, Inc. | −$1M |
| CXM Sprinklr, Inc. | −$1M |
| KTOS Kratos Defense & Security Solu | −$1M |
| PRLB Proto Labs, Inc. | −$15M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $264M | 35 | +42.05% | +17.59% | +24.46% | -0.00B |
| 2025-12-31 | $258M | 32 | +16.56% | +17.72% | -1.16% | +0.00B |
| 2025-09-30 | $263M | 36 | +38.91% | +17.52% | +21.39% | -0.01B |
| 2025-06-30 | $237M | 35 | +30.40% | +14.94% | +15.46% | -0.00B |
| 2025-03-31 | $195M | 33 | +10.07% | +8.30% | +1.77% | -0.01B |
| 2024-12-31 | $241M | 35 | +25.56% | +24.89% | +0.67% | -0.03B |
| 2024-09-30 | $234M | 33 | +22.92% | +36.04% | -13.12% | -0.01B |
| 2024-06-30 | $227M | 35 | -2.04% | +24.49% | -26.54% | +0.00B |
| 2024-03-31 | $218M | 35 | +1.08% | +29.62% | -28.54% | +0.02B |
| 2023-12-31 | $206M | 33 | +23.01% | +26.18% | -3.17% | -0.00B |
| 2023-09-30 | $185M | 35 | +20.36% | +21.57% | -1.21% | +0.01B |
| 2023-06-30 | $202M | 35 | +31.01% | +19.42% | +11.58% | +0.02B |
| 2023-03-31 | $168M | 33 | -12.29% | -7.82% | -4.47% | -0.01B |
| 2022-12-31 | $148M | 31 | +11.31% | +7.56% | +3.75% | -0.00B |
| 2022-09-30 | $137M | 33 | -6.84% | -4.93% | -1.91% | +0.00B |
| 2022-06-30 | $144M | 35 | -28.47% | -16.11% | -12.36% | +0.00B |