Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-23.99%
trims when stocks drop
when a holding falls −10%+
Middle response
-18.88%
baseline attrition
Rally response
-31.05%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EAElectronic Arts Inc. | $116M | 11.4% | +41.7% | 4.0 yr |
| NSCNorfolk Southern Corpora | $101M | 10.0% | +23.6% | 5.3 yr |
| BBIOBridgeBio Pharma, Inc. | $94M | 9.3% | +114.8% | 4.8 yr |
| WBDWarner Bros. Discovery, | $85M | 8.5% | +155.9% | 2.0 yr |
| MLYSMineralys Therapeutics, | $60M | 6.0% | +70.6% | 3.3 yr |
| HOLXHologic, Inc. | $46M | 4.5% | +22.4% | 2.5 yr |
| NUVBNuvation Bio Inc. | $34M | 3.3% | +143.8% | 2.5 yr |
| FPSForgent Power Solutions, | $20M | 2.0% | — | 0.3 yr |
| BBOTBridgeBio Oncology Thera | $17M | 1.7% | — | 0.8 yr |
| KTOSKratos Defense & Securit | $16M | 1.6% | +137.5% | 0.8 yr |
| SAROStandardAero, Inc. | $15M | 1.5% | -3.0% | 0.3 yr |
| CMECME Group Inc. | $14M | 1.4% | +15.6% | 10.5 yr |
| CATCaterpillar Inc. | $10M | 1.0% | +117.8% | 5.5 yr |
| DHID.R. Horton, Inc. | $9M | 0.9% | +9.2% | 3.5 yr |
| MDLNMedline Inc. | $9M | 0.9% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology24.1%+8.9pp$244M
Electronic Gaming & Multimedia11.5%+11.4pp$116M
Railroads10.0%$101M
Entertainment8.7%+8.5pp$88M
Medical - Instruments & Supplies5.4%+4.5pp$55M
Semiconductors5.1%-0.2pp$52M
Aerospace & Defense3.7%+0.6pp$38M
Software - Application2.9%-7.7pp$30M
Internet Content & Information2.6%+0.8pp$27M
Software - Infrastructure2.5%+2.0pp$25M
Country
US95.2%+3.3pp
GB1.3%-2.6pp
CA1.1%-1.1pp
Unknown0.9%-0.2pp
NL0.6%
KY0.2%
IE0.2%+0.1pp
SG0.1%
Top 5: 45.1% · Top 10: 58.3% · Top 25: 71.2%
Top buys this quarter · 15
| HOLX Hologic, Inc. | +$45M |
| EA Electronic Arts Inc. | +$25M |
| FPS Forgent Power Solutions, Inc.new | +$20M |
| WBD Warner Bros. Discovery, Inc. | +$19M |
| SARO StandardAero, Inc.new | +$15M |
| MLYS Mineralys Therapeutics, Inc. | +$60M |
| DHI D.R. Horton, Inc. | +$9M |
| MDLN Medline Inc.new | +$9M |
| CAT Caterpillar Inc. | +$8M |
| ADBE Adobe Inc. | +$8M |
Top sells this quarter · 15
| GOOG Alphabet Inc. | −$85M |
| AAPL Apple Inc. | −$84M |
| EXAS Exact Sciences Corporationexit | −$52M |
| MRVL Marvell Technology, Inc. | −$51M |
| NEE NextEra Energy, Inc. | −$40M |
| NET Cloudflare, Inc. | −$39M |
| NVDA NVIDIA Corporation | −$39M |
| MSFT Microsoft Corporation | −$37M |
| TSLA Tesla, Inc. | −$35M |
| INTC Intel Corporation | −$34M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.01B | 186 | +49.81% | +17.59% | +32.22% | -0.38B |
| 2025-12-31 | $1.41B | 227 | +58.84% | +17.72% | +41.12% | +0.64B |
| 2025-09-30 | $680M | 106 | +44.72% | +17.52% | +27.20% | -0.32B |
| 2025-06-30 | $825M | 250 | +20.51% | +14.94% | +5.56% | -0.58B |
| 2025-03-31 | $1.26B | 159 | +15.68% | +8.30% | +7.37% | -0.37B |
| 2024-12-31 | $1.57B | 149 | +18.21% | +24.89% | -6.68% | +0.00B |
| 2024-09-30 | $1.51B | 175 | +36.53% | +36.04% | +0.49% | -1.56B |
| 2024-06-30 | $3.05B | 410 | +47.45% | +24.49% | +22.96% | -0.77B |
| 2024-03-31 | $3.58B | 308 | +48.35% | +29.62% | +18.73% | +0.63B |
| 2023-12-31 | $2.77B | 243 | +51.83% | +26.18% | +25.65% | -1.78B |
| 2023-09-30 | $3.81B | 234 | +31.16% | +21.57% | +9.59% | +1.29B |
| 2023-06-30 | $2.32B | 338 | +13.00% | +19.42% | -6.43% | -0.06B |
| 2023-03-31 | $2.22B | 239 | -10.44% | -7.82% | -2.63% | -1.64B |
| 2022-12-31 | $3.54B | 198 | +19.42% | -18.17% | +37.59% | -0.17B |
| 2022-09-30 | $3.59B | 249 | -6.44% | -4.93% | -1.51% | +1.36B |
| 2022-06-30 | $2.38B | 333 | -14.82% | -16.11% | +1.29% | -1.15B |