Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-15.70%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.31%
baseline attrition
Rally response
-8.96%
trims into rallies
when a holding rises +10%+
Top positions · 28
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $225M | 17.7% | +17.6% | 1.3 yr |
| IWMiShares Russell 2000 ETF | $225M | 17.7% | — | 1.3 yr |
| CORZCore Scientific, Inc. | $102M | 8.1% | +106.6% | 2.0 yr |
| GEVGE Vernova Inc. | $83M | 6.5% | +186.8% | 1.8 yr |
| SEISolaris Energy Infrastru | $63M | 5.0% | +163.1% | 0.5 yr |
| PUMPProPetro Holding Corp. | $58M | 4.6% | +96.1% | 0.5 yr |
| GRDNGuardian Pharmacy Servic | $45M | 3.5% | +77.1% | 0.8 yr |
| RHRh | $42M | 3.3% | -40.4% | 1.0 yr |
| AVGOBroadcom Inc. | $39M | 3.1% | +86.0% | 2.3 yr |
| GDXVanEck Gold Miners ETF | $39M | 3.1% | — | 3.3 yr |
| TKOTKO Group Holdings, Inc. | $36M | 2.9% | +33.8% | 2.5 yr |
| PWRQuanta Services, Inc. | $36M | 2.8% | +116.2% | 1.8 yr |
| AMZNAmazon.com, Inc. | $32M | 2.5% | +9.5% | 10.3 yr |
| AGXArgan, Inc. | $32M | 2.5% | +318.5% | 1.8 yr |
| HDBHDFC Bank Limited | $26M | 2.0% | -24.3% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management38.5%+14.0pp$489M
Software - Infrastructure11.4%+1.5pp$144M
Oil & Gas Equipment & Services9.6%+6.1pp$122M
Renewable Utilities6.5%+1.4pp$83M
Engineering & Construction6.2%-3.8pp$79M
Specialty Retail5.9%-3.0pp$74M
Semiconductors4.9%-1.4pp$62M
Medical - Distribution3.5%$45M
Entertainment2.9%-4.8pp$36M
Software - Application2.3%-3.8pp$29M
Country
US98.0%+3.8pp
IN2.0%-2.9pp
Top 5: 55.0% · Top 10: 72.6% · Top 25: 99.1%
Top buys this quarter · 9
| SPY State Street SPDR S&P 500 ETF | +$71M |
| SEI Solaris Energy Infrastructure, | +$22M |
| RH Rh | +$17M |
| CORZ Core Scientific, Inc. | +$8M |
| Z Zillow Group, Inc. Class C | +$20M |
| PUMP ProPetro Holding Corp. | +$5M |
| FPS Forgent Power Solutions, Inc.new | +$3M |
| PSIX Power Solutions International, | +$2M |
| IWM iShares Russell 2000 ETF | +$0M |
Top sells this quarter · 15
| AGX Argan, Inc. | −$41M |
| VST Vistra Corp.exit | −$27M |
| NFLX Netflix, Inc.exit | −$18M |
| GEV GE Vernova Inc. | −$66M |
| AVGO Broadcom Inc. | −$4M |
| TKO TKO Group Holdings, Inc. | −$3M |
| PWR Quanta Services, Inc. | −$30M |
| HDB HDFC Bank Limited | −$2M |
| MSFT Microsoft Corporation | −$2M |
| TTWO Take-Two Interactive Software, | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.27B | 28 | +49.01% | +17.59% | +31.42% | +0.07B |
| 2025-12-31 | $1.19B | 29 | +30.66% | +17.72% | +12.94% | +0.09B |
| 2025-09-30 | $1.08B | 28 | +43.98% | +17.52% | +26.47% | -0.33B |
| 2025-06-30 | $1.30B | 29 | +46.05% | +14.94% | +31.11% | +0.05B |
| 2025-03-31 | $927M | 29 | +11.02% | +8.30% | +2.72% | +0.27B |
| 2024-12-31 | $747M | 27 | -15.07% | +24.89% | -39.95% | -0.07B |
| 2024-09-30 | $732M | 23 | -35.76% | +36.04% | -71.80% | -0.20B |
| 2024-06-30 | $848M | 24 | -19.89% | +24.49% | -44.39% | -0.02B |
| 2024-03-31 | $849M | 24 | -9.04% | +29.62% | -38.66% | +0.31B |
| 2023-12-31 | $802M | 20 | +55.53% | +26.18% | +29.36% | +0.09B |
| 2023-09-30 | $836M | 25 | +71.13% | +21.57% | +49.56% | -0.13B |
| 2023-06-30 | $702M | 24 | +26.12% | +19.42% | +6.69% | +0.04B |
| 2023-03-31 | $575M | 21 | -24.62% | -7.82% | -16.80% | +0.09B |
| 2022-12-31 | $418M | 16 | -6.77% | +7.56% | -14.33% | -0.09B |
| 2022-09-30 | $549M | 21 | +1.19% | -4.93% | +6.12% | -0.10B |
| 2022-06-30 | $644M | 25 | -30.80% | -16.11% | -14.69% | +0.11B |