Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.88%
adds when stocks drop
when a holding falls −10%+
Middle response
-21.72%
baseline attrition
Rally response
-16.61%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSLATesla, Inc. | $521M | 7.9% | +43.4% | 3.0 yr |
| PSLVSprott Physical Silver T | $313M | 4.8% | — | 2.5 yr |
| SPYState Street SPDR S&P 50 | $284M | 4.3% | +17.6% | 3.5 yr |
| MUMicron Technology, Inc. | $247M | 3.7% | +289.6% | 4.0 yr |
| TSMTaiwan Semiconductor Man | $210M | 3.2% | +105.6% | 2.3 yr |
| IBITiShares Bitcoin Trust ET | $166M | 2.5% | — | 1.5 yr |
| CEFSprott Physical Gold and | $165M | 2.5% | — | 1.3 yr |
| METAMeta Platforms, Inc. | $129M | 2.0% | -0.4% | 3.5 yr |
| ORCLOracle Corporation | $106M | 1.6% | +5.9% | 2.5 yr |
| AVGOBroadcom Inc. | $101M | 1.5% | +86.0% | 1.5 yr |
| GOOGLAlphabet Inc. | $97M | 1.5% | — | 3.8 yr |
| SNDKSandisk Corporation | $93M | 1.4% | +1234.5% | 0.8 yr |
| PHYSSprott Physical Gold Tru | $87M | 1.3% | — | 3.3 yr |
| ETHAiShares Ethereum Trust E | $70M | 1.1% | — | 1.0 yr |
| ASMLASML Holding N.V. | $69M | 1.0% | +100.9% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management26.0%-5.9pp$1.71B
Semiconductors13.1%+1.8pp$863M
Auto - Manufacturers8.4%+4.7pp$551M
Software - Infrastructure4.2%+1.9pp$280M
Internet Content & Information4.2%-0.1pp$274M
Specialty Retail3.2%-4.5pp$210M
Financial - Capital Markets2.3%+0.3pp$153M
Asset Management - Leveraged2.2%+1.0pp$147M
Financial - Credit Services1.9%+0.8pp$125M
Hardware, Equipment & Parts1.9%+1.7pp$123M
Country
US76.4%-6.6pp
CA11.8%+10.5pp
TW3.2%+0.9pp
CN1.5%-1.8pp
IE1.2%-1.6pp
NL1.1%+0.2pp
Unknown0.9%-1.4pp
SG0.5%+0.2pp
Top 5: 23.9% · Top 10: 34.0% · Top 25: 48.5%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$275M |
| TSLA Tesla, Inc. | +$212M |
| TSM Taiwan Semiconductor Manufactu | +$112M |
| META Meta Platforms, Inc. | +$107M |
| ORCL Oracle Corporation | +$66M |
| LITE Lumentum Holdings Inc.new | +$66M |
| SNDK Sandisk Corporation | +$54M |
| ROK Rockwell Automation, Inc. | +$41M |
| AMD Advanced Micro Devices, Inc. | +$40M |
| FND Floor & Decor Holdings, Inc. | +$35M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$186M |
| BE Bloom Energy Corporation | −$75M |
| NVDA NVIDIA Corporationexit | −$69M |
| AVGO Broadcom Inc. | −$63M |
| ASTS AST SpaceMobile, Inc. | −$55M |
| VRT Vertiv Holdings Co | −$53M |
| BURL Burlington Stores, Inc. | −$52M |
| INTC Intel Corporation | −$51M |
| PLTR Palantir Technologies Inc. | −$47M |
| BIDU Baidu, Inc. | −$47M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.59B | 1287 | +41.92% | +17.59% | +24.33% | +0.95B |
| 2025-12-31 | $5.69B | 849 | +38.61% | +17.72% | +20.90% | -0.31B |
| 2025-09-30 | $5.64B | 733 | +46.71% | +17.52% | +29.19% | +0.98B |
| 2025-06-30 | $4.00B | 599 | +36.41% | +14.94% | +21.47% | +1.02B |
| 2025-03-31 | $2.58B | 541 | +22.20% | +8.30% | +13.89% | -0.97B |
| 2024-12-31 | $3.67B | 626 | +40.70% | +24.89% | +15.82% | -0.24B |
| 2024-09-30 | $3.46B | 470 | +35.28% | +36.04% | -0.76% | +0.09B |
| 2024-06-30 | $3.12B | 559 | +21.25% | +24.49% | -3.24% | +0.15B |
| 2024-03-31 | $2.87B | 441 | +34.79% | +29.62% | +5.16% | -0.63B |
| 2023-12-31 | $3.14B | 281 | +27.55% | +26.18% | +1.37% | +1.46B |
| 2023-09-30 | $1.55B | 279 | +19.32% | +21.57% | -2.24% | -1.37B |
| 2023-06-30 | $3.01B | 177 | +7.82% | +19.42% | -11.60% | +2.33B |
| 2023-03-31 | $591M | 192 | -24.31% | -7.82% | -16.49% | +0.11B |
| 2022-12-31 | $458M | 173 | -31.59% | -18.17% | -13.41% | -0.68B |
| 2022-09-30 | $1.12B | 212 | -24.62% | -15.51% | -9.11% | +0.21B |
| 2022-06-30 | $1.04B | 218 | -13.75% | -10.62% | -3.13% | -0.63B |