Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.22%
adds when stocks drop
when a holding falls −10%+
Middle response
-11.15%
baseline attrition
Rally response
-5.64%
trims into rallies
when a holding rises +10%+
Top positions · 16
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ZZillow Group, Inc. Class | $1.07B | 31.2% | -39.6% | 10.5 yr |
| — | $870M | 25.3% | — | 2.0 yr |
| ZGZillow Group, Inc. Class | $471M | 13.7% | -38.1% | 10.5 yr |
| CCJCameco Corporation | $369M | 10.7% | +164.4% | 1.3 yr |
| RPRXRoyalty Pharma plc | $344M | 10.0% | +57.7% | 1.3 yr |
| LYVLive Nation Entertainmen | $88M | 2.6% | +16.8% | 1.8 yr |
| COURCoursera, Inc. | $67M | 1.9% | -12.6% | 5.3 yr |
| UDMYUdemy, Inc. | $63M | 1.8% | -40.5% | 4.5 yr |
| APPFAppFolio, Inc. | $52M | 1.5% | -28.2% | 1.0 yr |
| — | $18M | 0.5% | — | 2.8 yr |
| RKTRocket Companies, Inc. | $15M | 0.4% | +18.1% | 4.5 yr |
| CMECME Group Inc. | $6M | 0.2% | +15.6% | 1.8 yr |
| — | $3M | 0.1% | — | 0.5 yr |
| GENIGenius Sports Limited | $2M | 0.1% | -55.7% | 4.5 yr |
| XOMExxon Mobil Corporation | $0M | 0.0% | +47.6% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information44.9%-6.7pp$1.54B
Unknown25.9%-9.0pp$890M
Uranium10.7%+7.7pp$369M
Biotechnology10.0%+7.4pp$344M
Education & Training Services3.8%+1.5pp$130M
Entertainment2.6%+1.5pp$88M
Software - Application1.5%$52M
Financial - Mortgages0.4%+0.0pp$15M
Financial - Data & Stock Exchanges0.2%-0.1pp$6M
Oil & Gas Integrated0.0%$0M
Country
US63.3%+3.7pp
Unknown25.9%-9.0pp
CA10.7%+7.7pp
GB0.1%-2.4pp
Top 5: 90.9% · Top 10: 99.2% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.44B | 16 | -18.36% | +17.59% | -35.95% | -0.46B |
| 2025-12-31 | $5.22B | 16 | +2.59% | +17.72% | -15.13% | -0.53B |
| 2025-09-30 | $6.15B | 16 | +25.83% | +17.52% | +8.31% | -0.74B |
| 2025-06-30 | $6.29B | 15 | +54.10% | +14.94% | +39.16% | -0.27B |
| 2025-03-31 | $6.14B | 16 | +34.04% | +8.30% | +25.74% | -0.90B |
| 2024-12-31 | $7.49B | 13 | +20.40% | +24.89% | -4.49% | -0.38B |
| 2024-09-30 | $6.88B | 11 | +31.67% | +36.04% | -4.37% | -0.54B |
| 2024-06-30 | $5.53B | 11 | -7.47% | +24.49% | -31.96% | +1.89B |
| 2024-03-31 | $3.92B | 11 | +10.49% | +29.62% | -19.13% | -0.06B |
| 2023-12-31 | $4.71B | 11 | +69.58% | +26.18% | +43.40% | -0.35B |
| 2023-09-30 | $4.04B | 12 | +51.74% | +21.57% | +30.17% | -0.26B |
| 2023-06-30 | $4.56B | 12 | +49.05% | +19.42% | +29.63% | -0.39B |
| 2023-03-31 | $4.47B | 14 | -11.40% | -7.82% | -3.59% | -0.36B |
| 2022-12-31 | $3.73B | 14 | +12.00% | +7.56% | +4.44% | -0.06B |
| 2022-09-30 | $3.38B | 15 | -7.39% | -4.93% | -2.47% | -0.16B |
| 2022-06-30 | $3.82B | 17 | -34.08% | -16.11% | -17.97% | +0.24B |