Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.97%
adds when stocks drop
when a holding falls −10%+
Middle response
-13.45%
baseline attrition
Rally response
-15.00%
trims into rallies
when a holding rises +10%+
Top positions · 18
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FICOFair Isaac Corporation | $27M | 13.7% | -42.1% | 1.0 yr |
| AMZNAmazon.com, Inc. | $18M | 9.2% | +9.5% | 1.8 yr |
| — | $15M | 7.5% | — | 1.5 yr |
| TXG10x Genomics, Inc. | $14M | 7.2% | +143.2% | 1.0 yr |
| APPAppLovin Corporation | $13M | 6.6% | +50.2% | 1.3 yr |
| TWSTTwist Bioscience Corpora | $12M | 6.2% | +21.0% | 0.5 yr |
| UBERUber Technologies, Inc. | $12M | 6.1% | -1.3% | 1.0 yr |
| TTWOTake-Two Interactive Sof | $12M | 5.8% | -4.7% | 0.3 yr |
| MRCYMercury Systems, Inc. | $11M | 5.7% | +69.2% | 0.5 yr |
| CACICACI International Inc | $11M | 5.5% | +48.2% | 1.3 yr |
| GOOGLAlphabet Inc. | $11M | 5.4% | — | 5.8 yr |
| IQVIQVIA Holdings Inc. | $10M | 4.9% | -3.3% | 0.5 yr |
| GDDYGoDaddy Inc. | $9M | 4.5% | -54.1% | 4.3 yr |
| — | $8M | 4.1% | — | 2.8 yr |
| VERXVertex, Inc. | $7M | 3.4% | -66.0% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Application29.8%+14.7pp$59M
Unknown11.7%-1.7pp$23M
Medical - Diagnostics & Research11.1%$22M
Specialty Retail9.2%+0.9pp$18M
Medical - Healthcare Information Services7.2%$14M
Aerospace & Defense7.0%$14M
Electronic Gaming & Multimedia5.8%$12M
Information Technology Services5.5%+2.1pp$11M
Internet Content & Information5.4%-9.8pp$11M
Software - Infrastructure4.5%-12.3pp$9M
Country
US88.3%+4.6pp
Unknown11.7%-1.7pp
Top 5: 44.3% · Top 10: 73.6% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| APP | $19M | +0.01B | 50.2% |
| CACI | $12M | +0.01B | 48.2% |
| AMZN | $30M | +0.00B | 9.5% |
| GDDY | $34M | -0.02B | -54.1% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GDDY | $34M | -0.02B | -54.1% |
Top buys this quarter · 9
| UBER Uber Technologies, Inc. | +$12M |
| TTWO Take-Two Interactive Software,new | +$12M |
| FICO Fair Isaac Corporation | +$27M |
| VERX Vertex, Inc.new | +$7M |
| NEXT NextDecade Corporationnew | +$4M |
| IQV IQVIA Holdings Inc. | +$3M |
| SARO StandardAero, Inc.new | +$3M |
| NSP Insperity, Inc.new | +$1M |
| — | +$0M |
Top sells this quarter · 14
| TRMB Trimble Inc.exit | −$12M |
| NXE NexGen Energy Ltd.exit | −$10M |
| TWST Twist Bioscience Corporation | −$8M |
| FLR Fluor Corporationexit | −$6M |
| APP AppLovin Corporation | −$4M |
| QURE uniQure N.V.exit | −$4M |
| WDAY Workday, Inc.exit | −$3M |
| TXG 10x Genomics, Inc. | −$14M |
| CACI CACI International Inc | −$3M |
| GDDY GoDaddy Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $198M | 18 | -0.76% | +17.59% | -18.35% | -0.02B |
| 2025-12-31 | $249M | 18 | +4.34% | +17.72% | -13.38% | -0.08B |
| 2025-09-30 | $347M | 18 | +11.46% | +17.52% | -6.06% | -0.11B |
| 2025-06-30 | $414M | 18 | +7.43% | +14.94% | -7.51% | +0.02B |
| 2025-03-31 | $360M | 15 | -7.02% | +8.30% | -15.32% | +0.05B |
| 2024-12-31 | $341M | 15 | +6.03% | +24.89% | -18.85% | +0.02B |
| 2024-09-30 | $319M | 9 | +18.50% | +36.04% | -17.54% | -0.24B |
| 2024-06-30 | $531M | 14 | +4.67% | +24.49% | -19.82% | -0.03B |
| 2024-03-31 | $582M | 15 | +17.42% | +29.62% | -12.21% | -0.02B |
| 2023-12-31 | $575M | 17 | +14.63% | +26.18% | -11.55% | -0.10B |
| 2023-09-30 | $602M | 21 | +3.49% | +21.57% | -18.08% | -0.01B |
| 2023-06-30 | $654M | 20 | +5.90% | +19.42% | -13.53% | +0.07B |
| 2023-03-31 | $547M | 17 | -16.80% | -7.82% | -8.98% | +0.11B |
| 2022-12-31 | $426M | 14 | +1.20% | +7.56% | -6.36% | -0.17B |
| 2022-09-30 | $591M | 20 | -4.44% | -4.93% | +0.49% | -0.04B |
| 2022-06-30 | $659M | 21 | -15.71% | -16.11% | +0.40% | +0.07B |