Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.60%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.35%
baseline attrition
Rally response
-10.97%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VRTVertiv Holdings Co | $181M | 3.8% | +247.5% | 5.5 yr |
| PWRQuanta Services, Inc. | $178M | 3.8% | +116.2% | 3.8 yr |
| NVTnVent Electric plc | $168M | 3.6% | +127.9% | 3.0 yr |
| ARMArm Holdings plc America | $152M | 3.2% | +41.7% | 2.8 yr |
| LITELumentum Holdings Inc. | $151M | 3.2% | +1027.3% | 6.8 yr |
| AAgilent Technologies, In | $127M | 2.7% | -1.8% | 10.5 yr |
| FSLRFirst Solar, Inc. | $127M | 2.7% | +56.0% | 8.0 yr |
| ADIAnalog Devices, Inc. | $125M | 2.7% | +60.2% | 8.8 yr |
| ADSKAutodesk, Inc. | $123M | 2.6% | -8.6% | 6.0 yr |
| ONON Semiconductor Corpora | $122M | 2.6% | +52.2% | 10.5 yr |
| MRVLMarvell Technology, Inc. | $119M | 2.5% | +61.3% | 5.0 yr |
| RRXRegal Rexnord Corporatio | $107M | 2.3% | +65.7% | 5.0 yr |
| MPWRMonolithic Power Systems | $104M | 2.2% | +89.6% | 10.5 yr |
| NXTNextpower Inc. | $103M | 2.2% | +186.1% | 1.5 yr |
| GNRCGenerac Holdings Inc. | $93M | 2.0% | +54.2% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors19.9%+4.6pp$941M
Industrial - Machinery10.3%-0.3pp$486M
Engineering & Construction9.5%+1.7pp$450M
Electrical Equipment & Parts8.1%+4.2pp$385M
Medical - Diagnostics & Research6.6%-2.5pp$311M
Software - Application5.5%-4.4pp$262M
Hardware, Equipment & Parts5.0%+2.8pp$236M
Construction4.9%+0.5pp$233M
Solar4.7%+2.9pp$224M
Communication Equipment3.8%+3.0pp$179M
Country
US84.5%-0.7pp
GB8.9%+0.2pp
IE2.0%+0.3pp
CL1.1%-0.1pp
CA0.9%+0.0pp
NL0.8%-0.2pp
Unknown0.6%+0.5pp
CN0.6%-0.2pp
Top 5: 17.6% · Top 10: 30.8% · Top 25: 57.9%
Top buys this quarter · 15
| ARM Arm Holdings plc American Depo | +$52M |
| ITRI Itron, Inc. | +$47M |
| ON ON Semiconductor Corporation | +$41M |
| BE Bloom Energy Corporationnew | +$35M |
| ENPH Enphase Energy, Inc. | +$28M |
| ADI Analog Devices, Inc. | +$28M |
| MRVL Marvell Technology, Inc. | +$28M |
| TT Trane Technologies plc | +$22M |
| FSLR First Solar, Inc. | +$127M |
| GNRC Generac Holdings Inc. | +$20M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.73B | 126 | +41.74% | +17.59% | +24.15% | -0.07B |
| 2025-12-31 | $4.46B | 129 | +18.55% | +17.72% | +0.83% | -0.20B |
| 2025-09-30 | $4.45B | 128 | +8.76% | +17.52% | -8.76% | -0.26B |
| 2025-06-30 | $4.33B | 126 | +7.64% | +14.94% | -7.30% | -0.38B |
| 2025-03-31 | $4.06B | 129 | -8.04% | +8.30% | -16.34% | -0.14B |
| 2024-12-31 | $4.68B | 120 | +13.04% | +24.89% | -11.85% | -0.46B |
| 2024-09-30 | $5.34B | 120 | +30.51% | +36.04% | -5.53% | -0.26B |
| 2024-06-30 | $5.21B | 122 | +12.61% | +24.49% | -11.88% | -0.46B |
| 2024-03-31 | $5.73B | 120 | +19.67% | +29.62% | -9.95% | -0.84B |
| 2023-12-31 | $5.95B | 119 | +21.27% | +26.18% | -4.91% | -0.62B |
| 2023-09-30 | $5.92B | 122 | +15.12% | +21.57% | -6.44% | -0.31B |
| 2023-06-30 | $6.71B | 120 | +19.68% | +19.42% | +0.26% | +0.20B |
| 2023-03-31 | $6.19B | 121 | -0.57% | -7.82% | +7.24% | +0.06B |
| 2022-12-31 | $5.47B | 119 | +5.51% | +7.56% | -2.05% | +0.06B |
| 2022-09-30 | $5.13B | 141 | -3.62% | -4.93% | +1.31% | -0.26B |
| 2022-06-30 | $5.59B | 140 | -12.63% | -16.11% | +3.48% | -0.59B |