Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.89%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.33%
steady accumulation
Rally response
-1.94%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TPLTexas Pacific Land Corpo | $294M | 9.8% | +8.1% | 5.3 yr |
| PLTRPalantir Technologies In | $199M | 6.7% | +73.3% | 5.5 yr |
| FCXFreeport-McMoRan Inc. | $156M | 5.2% | +57.4% | 10.5 yr |
| NVDANVIDIA Corporation | $153M | 5.1% | +60.9% | 7.3 yr |
| METAMeta Platforms, Inc. | $132M | 4.4% | -0.4% | 10.5 yr |
| AVGOBroadcom Inc. | $80M | 2.7% | +86.0% | 7.3 yr |
| COSTCostco Wholesale Corpora | $73M | 2.4% | +5.9% | 10.5 yr |
| APPAppLovin Corporation | $70M | 2.3% | +50.2% | 1.0 yr |
| LMTLockheed Martin Corporat | $63M | 2.1% | +39.0% | 10.5 yr |
| PHParker-Hannifin Corporat | $58M | 1.9% | +48.6% | 10.5 yr |
| CVXChevron Corporation | $57M | 1.9% | +29.2% | 10.5 yr |
| CCJCameco Corporation | $54M | 1.8% | +164.4% | 10.5 yr |
| ARMArm Holdings plc America | $49M | 1.6% | +41.7% | 1.0 yr |
| XOMExxon Mobil Corporation | $47M | 1.6% | +47.6% | 10.5 yr |
| MSMorgan Stanley | $45M | 1.5% | +44.8% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production17.3%-4.6pp$518M
Semiconductors10.3%+2.2pp$308M
Software - Infrastructure8.9%-0.6pp$264M
Copper5.2%-0.4pp$156M
Internet Content & Information4.4%-1.3pp$132M
Software - Application4.2%+2.1pp$127M
Oil & Gas Integrated4.0%+0.0pp$120M
REIT - Residential3.6%-0.7pp$107M
Industrial - Machinery2.9%-0.3pp$88M
Industrial Materials2.9%-0.0pp$86M
Country
US88.6%-2.2pp
CA4.8%+1.0pp
GB3.5%+1.7pp
Unknown1.6%-0.5pp
AU1.3%-0.0pp
BR0.3%-0.1pp
Top 5: 31.2% · Top 10: 42.8% · Top 25: 63.0%
Top buys this quarter · 15
| PLTR Palantir Technologies Inc. | +$199M |
| META Meta Platforms, Inc. | +$23M |
| APP AppLovin Corporation | +$70M |
| LMT Lockheed Martin Corporation | +$9M |
| TWLO Twilio Inc. | +$8M |
| ARM Arm Holdings plc American Depo | +$8M |
| V Visa Inc. | +$8M |
| ADSK Autodesk, Inc. | +$7M |
| AFRM Affirm Holdings, Inc. | +$31M |
| WYNN Wynn Resorts, Limited | +$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.99B | 77 | +41.08% | +17.59% | +23.49% | +0.15B |
| 2025-12-31 | $2.67B | 79 | +30.66% | +17.72% | +12.95% | +0.34B |
| 2025-09-30 | $2.26B | 79 | +32.39% | +17.52% | +14.87% | +0.19B |
| 2025-06-30 | $1.88B | 78 | +29.41% | +14.94% | +14.47% | +0.16B |
| 2025-03-31 | $1.47B | 72 | +11.44% | +8.30% | +3.14% | +0.05B |
| 2024-12-31 | $1.44B | 69 | +23.67% | +24.89% | -1.21% | +0.03B |
| 2024-09-30 | $1.35B | 71 | +29.37% | +36.04% | -6.67% | -0.02B |
| 2024-06-30 | $1.27B | 72 | +21.52% | +24.49% | -2.97% | +0.05B |
| 2024-03-31 | $1.22B | 72 | +24.72% | +29.62% | -4.90% | -0.06B |
| 2023-12-31 | $1.17B | 74 | +18.29% | +26.18% | -7.89% | +0.01B |
| 2023-09-30 | $1.06B | 74 | +18.20% | +21.57% | -3.37% | -0.05B |
| 2023-06-30 | $1.10B | 74 | +6.95% | +19.42% | -12.48% | +0.00B |
| 2023-03-31 | $1.06B | 77 | -18.29% | -7.82% | -10.47% | -0.00B |
| 2022-12-31 | $1.03B | 77 | +9.41% | +7.56% | +1.84% | -0.00B |
| 2022-09-30 | $941M | 81 | -8.70% | -4.93% | -3.77% | +0.04B |
| 2022-06-30 | $983M | 83 | -21.19% | -16.11% | -5.07% | +0.06B |