Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.88%
adds when stocks drop
when a holding falls −10%+
Middle response
-10.29%
baseline attrition
Rally response
-18.83%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NOWServiceNow, Inc. | $9M | 5.5% | -34.3% | 0.5 yr |
| MKSIMKS Inc. | $8M | 5.0% | +188.8% | 1.3 yr |
| TEAMAtlassian Corporation | $7M | 4.3% | -67.8% | 0.5 yr |
| VVisa Inc. | $7M | 4.2% | -13.1% | 1.8 yr |
| INTUIntuit Inc. | $7M | 4.2% | -29.3% | 0.3 yr |
| CRMSalesforce, Inc. | $6M | 3.9% | -30.2% | 0.3 yr |
| NVDANVIDIA Corporation | $6M | 3.9% | +60.9% | 1.5 yr |
| MRVLMarvell Technology, Inc. | $6M | 3.7% | +61.3% | 2.0 yr |
| TXNTexas Instruments Incorp | $6M | 3.6% | +11.4% | 1.0 yr |
| ODFLOld Dominion Freight Lin | $5M | 3.5% | +18.9% | 0.8 yr |
| SAPSAP SE | $5M | 3.4% | -35.8% | 0.3 yr |
| AMTAmerican Tower Corporati | $5M | 3.3% | -17.9% | 5.3 yr |
| DHID.R. Horton, Inc. | $5M | 3.3% | +9.2% | 1.0 yr |
| WDAYWorkday, Inc. | $5M | 3.1% | -44.4% | 0.3 yr |
| OKTAOkta, Inc. | $5M | 3.1% | -25.2% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Application35.8%+12.4pp$56M
Semiconductors17.6%+2.1pp$28M
Hardware, Equipment & Parts5.0%+2.7pp$8M
Financial - Credit Services4.2%-1.2pp$7M
Specialty Retail4.0%-1.2pp$6M
Trucking3.8%+2.5pp$6M
Information Technology Services3.8%$6M
REIT - Specialty3.3%-5.7pp$5M
Residential Construction3.3%$5M
Software - Infrastructure3.1%-7.2pp$5M
Country
US83.8%-2.5pp
IE5.6%+2.0pp
AU4.3%
DE3.4%
CA1.5%+0.2pp
IL1.0%
CN0.4%-4.8pp
Top 5: 23.2% · Top 10: 41.8% · Top 25: 83.6%
Top buys this quarter · 15
| INTU Intuit Inc.new | +$7M |
| CRM Salesforce, Inc.new | +$6M |
| SAP SAP SEnew | +$5M |
| WDAY Workday, Inc.new | +$5M |
| NOW ServiceNow, Inc. | +$5M |
| ACN Accenture plcnew | +$4M |
| WEAV Weave Communications, Inc.new | +$3M |
| CVLT Commvault Systems, Inc.new | +$3M |
| TEAM Atlassian Corporation | +$7M |
| NFLX Netflix, Inc. | +$2M |
Top sells this quarter · 15
| LRCX Lam Research Corporation | −$10M |
| DKS DICK'S Sporting Goods, Inc. | −$2M |
| OKTA Okta, Inc. | −$8M |
| DLTR Dollar Tree, Inc.exit | −$6M |
| ADBE Adobe Inc.exit | −$6M |
| BABA Alibaba Group Holding Limitedexit | −$6M |
| ODFL Old Dominion Freight Line, Inc | −$6M |
| AMZN Amazon.com, Inc. | −$5M |
| MTSI MACOM Technology Solutions Hol | −$4M |
| MCHP Microchip Technology Incorpora | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $156M | 41 | +10.96% | +17.59% | -6.63% | -0.06B |
| 2025-12-31 | $238M | 32 | +21.41% | +17.72% | +3.69% | -0.04B |
| 2025-09-30 | $275M | 39 | +26.03% | +17.52% | +8.52% | -0.04B |
| 2025-06-30 | $307M | 34 | +24.04% | +14.94% | +9.10% | -0.02B |
| 2025-03-31 | $277M | 29 | +4.15% | +8.30% | -4.15% | -0.05B |
| 2024-12-31 | $330M | 33 | +9.12% | +24.89% | -15.77% | -0.02B |
| 2024-09-30 | $331M | 31 | +16.87% | +36.04% | -19.17% | -0.04B |
| 2024-06-30 | $371M | 35 | +11.57% | +24.49% | -12.92% | -0.03B |
| 2024-03-31 | $407M | 36 | +20.38% | +29.62% | -9.25% | -0.04B |
| 2023-12-31 | $427M | 36 | +30.82% | +26.18% | +4.65% | +0.03B |
| 2023-09-30 | $355M | 31 | +26.04% | +21.57% | +4.47% | -0.00B |
| 2023-06-30 | $373M | 34 | +18.72% | +19.42% | -0.71% | -0.01B |
| 2023-03-31 | $366M | 36 | -7.80% | -7.82% | +0.01% | -0.04B |
| 2022-12-31 | $357M | 32 | +8.66% | +7.56% | +1.10% | +0.01B |
| 2022-09-30 | $316M | 35 | -9.65% | -4.93% | -4.72% | +0.03B |
| 2022-06-30 | $322M | 33 | -18.00% | -16.11% | -1.89% | +0.01B |