Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-24.21%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.41%
steady accumulation
Rally response
-30.95%
trims into rallies
when a holding rises +10%+
Top positions · 25
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SLViShares Silver Trust | $244M | 19.5% | — | 2.3 yr |
| GOOGAlphabet Inc. | $155M | 12.4% | +84.3% | 1.5 yr |
| TSMTaiwan Semiconductor Man | $142M | 11.4% | +105.6% | 3.3 yr |
| TSLATesla, Inc. | $110M | 8.8% | +43.4% | 2.3 yr |
| MUMicron Technology, Inc. | $99M | 8.0% | +289.6% | 2.3 yr |
| COINCoinbase Global, Inc. | $70M | 5.6% | +1.4% | 2.5 yr |
| MSTRStrategy Inc | $63M | 5.0% | -56.7% | 2.3 yr |
| ORCLOracle Corporation | $59M | 4.7% | +5.9% | 2.3 yr |
| GLDSPDR Gold Shares | $46M | 3.7% | — | 3.8 yr |
| ASMLASML Holding N.V. | $39M | 3.1% | +100.9% | 1.3 yr |
| HYGiShares iBoxx $ High Yie | $33M | 2.7% | — | 1.8 yr |
| AMDAdvanced Micro Devices, | $32M | 2.6% | +98.0% | 2.8 yr |
| MELIMercadoLibre, Inc. | $27M | 2.1% | -11.4% | 2.8 yr |
| SMHVanEck Semiconductor ETF | $25M | 2.0% | — | 1.8 yr |
| PLTRPalantir Technologies In | $19M | 1.5% | +73.3% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management25.2%+21.5pp$315M
Semiconductors25.1%-2.1pp$313M
Internet Content & Information13.8%+1.5pp$172M
Auto - Manufacturers8.8%$110M
Software - Infrastructure6.8%-1.1pp$86M
Financial - Data & Stock Exchanges5.6%-6.6pp$70M
Software - Application5.2%+1.7pp$64M
Specialty Retail4.1%-3.8pp$51M
Asset Management - Bonds2.7%$33M
Travel Services1.5%$19M
Country
US82.5%-5.1pp
TW11.4%+7.5pp
NL3.1%
UY2.1%+1.9pp
CN0.9%-6.6pp
Top 5: 60.1% · Top 10: 82.3% · Top 25: 100.0%
Top buys this quarter · 13
| TSM Taiwan Semiconductor Manufactu | +$107M |
| GOOG Alphabet Inc. | +$106M |
| COIN Coinbase Global, Inc. | +$34M |
| MSTR Strategy Inc | +$34M |
| ASML ASML Holding N.V. | +$33M |
| ORCL Oracle Corporation | +$28M |
| MELI MercadoLibre, Inc. | +$13M |
| BABA Alibaba Group Holding Limited | +$3M |
| AMZN Amazon.com, Inc. | +$1M |
| SNOW Snowflake Inc. | +$1M |
Top sells this quarter · 15
| NVDA NVIDIA Corporationexit | −$141M |
| MSFT Microsoft Corporation | −$135M |
| AMD Advanced Micro Devices, Inc. | −$129M |
| META Meta Platforms, Inc. | −$85M |
| SPY State Street SPDR S&P 500 ETF exit | −$79M |
| AAPL Apple Inc. | −$45M |
| TSLA Tesla, Inc. | −$42M |
| PLTR Palantir Technologies Inc. | −$28M |
| AVGO Broadcom Inc.exit | −$25M |
| PYPL PayPal Holdings, Inc.exit | −$24M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.25B | 25 | +34.14% | +17.59% | +16.55% | +0.27B |
| 2025-12-31 | $1.09B | 38 | +44.84% | +17.72% | +27.12% | -1.43B |
| 2025-09-30 | $2.45B | 39 | +50.61% | +17.52% | +33.09% | +0.63B |
| 2025-06-30 | $1.57B | 40 | +44.48% | +14.94% | +29.54% | +0.79B |
| 2025-03-31 | $623M | 38 | +20.69% | +8.30% | +12.39% | -0.34B |
| 2024-12-31 | $991M | 74 | +37.60% | +24.89% | +12.71% | -1.34B |
| 2024-09-30 | $2.18B | 67 | +40.48% | +36.04% | +4.44% | +0.69B |
| 2024-06-30 | $1.34B | 76 | +24.04% | +24.49% | -0.46% | -4.98B |
| 2024-03-31 | $6.06B | 84 | +29.87% | +29.62% | +0.25% | -5.16B |
| 2023-12-31 | $10.16B | 69 | +53.73% | +26.18% | +27.56% | +7.73B |
| 2023-09-30 | $2.23B | 88 | +45.50% | +16.49% | +29.01% | -5.22B |
| 2023-06-30 | $7.54B | 64 | +56.03% | +27.50% | +28.53% | +4.10B |
| 2023-03-31 | $3.15B | 83 | +57.86% | +21.95% | +35.91% | +2.89B |
| 2017-06-30 | $204M | 4 | +3.07% | +3.07% | +0.00% | +0.10B |
| 2017-03-31 | $98M | 4 | +5.92% | +5.92% | +0.00% | +0.00B |
| 2016-12-31 | $88M | 5 | +10.53% | +3.95% | +6.58% | -0.04B |