Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.63%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.27%
steady accumulation
Rally response
-20.41%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SAILSailPoint, Inc. | $6.35B | 95.5% | -29.4% | 1.3 yr |
| NABLN-able, Inc. | $234M | 3.5% | -34.1% | 4.8 yr |
| TTANServiceTitan, Inc. | $66M | 1.0% | -33.3% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure95.5%+24.7pp$6.35B
Information Technology Services3.5%+1.1pp$234M
Software - Application1.0%-3.4pp$66M
Country
US100.0%+2.7pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.65B | 3 | -31.43% | +17.59% | -49.02% | +0.01B |
| 2025-12-31 | $10.18B | 3 | +0.36% | +17.72% | -17.36% | -0.55B |
| 2025-09-30 | $11.67B | 4 | +9.31% | +17.52% | -8.21% | +0.12B |
| 2025-06-30 | $11.96B | 4 | +32.31% | +14.94% | +17.37% | -5.28B |
| 2025-03-31 | $14.56B | 7 | +9.71% | +8.30% | +1.41% | +9.23B |
| 2024-12-31 | $5.58B | 6 | +17.65% | +24.89% | -7.24% | -2.35B |
| 2024-09-30 | $7.92B | 5 | +36.55% | +36.04% | +0.51% | -3.93B |
| 2024-06-30 | $10.14B | 5 | +5.76% | +24.49% | -18.73% | +0.01B |
| 2024-03-31 | $10.32B | 6 | +28.62% | +29.62% | -1.01% | -1.06B |
| 2023-12-31 | $11.11B | 6 | +41.76% | +26.18% | +15.59% | +2.60B |
| 2023-09-30 | $7.32B | 5 | +34.48% | +21.57% | +12.91% | +0.26B |
| 2023-06-30 | $7.81B | 5 | +33.66% | +19.42% | +14.23% | -1.62B |
| 2023-03-31 | $7.89B | 5 | -4.50% | -7.82% | +3.32% | -0.72B |
| 2022-12-31 | $7.63B | 5 | +10.21% | +7.56% | +2.65% | -0.27B |
| 2022-09-30 | $7.16B | 5 | -10.03% | -4.93% | -5.10% | +0.20B |
| 2022-06-30 | $7.74B | 5 | -14.70% | -16.11% | +1.41% | +0.68B |