Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-27.37%
trims when stocks drop
when a holding falls −10%+
Middle response
-30.05%
baseline attrition
Rally response
-47.48%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CRWVCoreWeave, Inc. Class A | $528M | 15.3% | +108.9% | 1.3 yr |
| — | $145M | 4.2% | — | 1.0 yr |
| GLDSPDR Gold Shares | $134M | 3.9% | — | 1.3 yr |
| TSMTaiwan Semiconductor Man | $133M | 3.8% | +105.6% | 1.3 yr |
| ETOReToro Group Ltd. | $102M | 3.0% | — | 0.8 yr |
| SLViShares Silver Trust | $76M | 2.2% | — | 0.8 yr |
| MUMicron Technology, Inc. | $62M | 1.8% | +289.6% | 1.0 yr |
| METAMeta Platforms, Inc. | $51M | 1.5% | -0.4% | 1.5 yr |
| NVDANVIDIA Corporation | $51M | 1.5% | +60.9% | 0.8 yr |
| TSLATesla, Inc. | $45M | 1.3% | +43.4% | 1.3 yr |
| TLTiShares 20+ Year Treasur | $43M | 1.2% | — | 1.3 yr |
| CVXChevron Corporation | $38M | 1.1% | +29.2% | 0.8 yr |
| PLTRPalantir Technologies In | $36M | 1.0% | +73.3% | 0.8 yr |
| GSThe Goldman Sachs Group, | $35M | 1.0% | +58.1% | 1.5 yr |
| ORCLOracle Corporation | $34M | 1.0% | +5.9% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure21.0%+16.0pp$728M
Semiconductors10.8%-10.9pp$375M
Asset Management9.5%-4.1pp$329M
Unknown6.1%+5.2pp$212M
Financial - Capital Markets4.9%+1.5pp$168M
Software - Application3.4%-2.7pp$118M
Specialty Retail2.8%+0.5pp$98M
Internet Content & Information2.6%-0.3pp$91M
Auto - Manufacturers1.7%+1.0pp$58M
Computer Hardware1.5%-1.2pp$52M
Country
US76.4%-0.2pp
Unknown6.1%+5.2pp
TW3.8%-6.7pp
IL3.7%+3.4pp
CA2.4%+0.6pp
CN1.5%+0.9pp
SG0.8%+0.5pp
IE0.8%+0.5pp
Top 5: 30.1% · Top 10: 38.3% · Top 25: 51.4%
Top buys this quarter · 15
| TSM Taiwan Semiconductor Manufactu | +$114M |
| CRWV CoreWeave, Inc. Class A Common | +$79M |
| ETOR eToro Group Ltd. | +$76M |
| META Meta Platforms, Inc. | +$51M |
| CVX Chevron Corporation | +$38M |
| TSLA Tesla, Inc. | +$34M |
| CRWD CrowdStrike Holdings, Inc. | +$31M |
| PLTR Palantir Technologies Inc. | +$25M |
| GS The Goldman Sachs Group, Inc. | +$22M |
| FSLR First Solar, Inc. | +$20M |
Top sells this quarter · 15
| AVGO Broadcom Inc. | −$71M |
| CIEN Ciena Corporation | −$49M |
| LITE Lumentum Holdings Inc. | −$46M |
| MSTR Strategy Incexit | −$45M |
| MU Micron Technology, Inc. | −$43M |
| IBKR Interactive Brokers Group, Incexit | −$40M |
| GEV GE Vernova Inc. | −$39M |
| MSFT Microsoft Corporation | −$37M |
| COIN Coinbase Global, Inc. | −$36M |
| CRM Salesforce, Inc. | −$34M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.46B | 807 | +25.97% | +17.59% | +8.38% | -0.20B |
| 2025-12-31 | $3.66B | 735 | +18.10% | +17.72% | +0.38% | -0.22B |
| 2025-09-30 | $3.99B | 730 | +7.26% | +8.12% | -0.87% | +0.83B |
| 2025-06-30 | $2.94B | 743 | +20.84% | +10.78% | +10.06% | -0.15B |
| 2025-03-31 | $2.56B | 761 | -6.19% | -4.27% | -1.93% | +0.17B |
| 2024-12-31 | $2.55B | 769 | — | — | — | — |