Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.55%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.17%
steady accumulation
Rally response
-15.32%
trims into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CPNGCoupang, Inc. | $111M | 14.7% | -13.9% | 2.5 yr |
| AMZNAmazon.com, Inc. | $110M | 14.6% | +9.5% | 0.5 yr |
| NCNOnCino, Inc. | $102M | 13.5% | -45.5% | 4.3 yr |
| TOSTToast, Inc. | $101M | 13.4% | -20.1% | 4.8 yr |
| MSFTMicrosoft Corporation | $67M | 8.8% | -0.6% | 0.3 yr |
| GTLBGitLab Inc. | $57M | 7.6% | -54.0% | 4.3 yr |
| TWTradeweb Markets Inc. | $55M | 7.2% | -20.4% | 0.8 yr |
| — | $54M | 7.2% | — | 0.8 yr |
| RBLXRoblox Corporation | $43M | 5.8% | -3.0% | 4.3 yr |
| FICOFair Isaac Corporation | $28M | 3.8% | -42.1% | 0.5 yr |
| NOWServiceNow, Inc. | $26M | 3.5% | -34.3% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Specialty Retail29.3%+15.7pp$221M
Software - Application28.3%-15.9pp$213M
Software - Infrastructure22.2%+11.5pp$168M
Financial - Capital Markets7.2%+2.1pp$55M
Unknown7.2%-5.1pp$54M
Electronic Gaming & Multimedia5.8%-6.7pp$43M
Country
US78.1%+17.2pp
KR14.7%+1.1pp
Unknown7.2%-5.1pp
Top 5: 65.0% · Top 10: 96.5% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $754M | 11 | -19.29% | +17.59% | -36.88% | -0.17B |
| 2025-12-31 | $1.22B | 10 | -1.90% | +17.72% | -19.62% | -0.37B |
| 2025-09-30 | $1.73B | 12 | +19.32% | +17.52% | +1.80% | +0.06B |
| 2025-06-30 | $1.76B | 10 | +34.62% | +14.94% | +19.68% | -0.49B |
| 2025-03-31 | $1.84B | 12 | +6.53% | +8.30% | -1.77% | +0.01B |
| 2024-12-31 | $1.99B | 10 | +23.02% | +24.89% | -1.86% | -0.70B |
| 2024-09-30 | $2.42B | 14 | +32.47% | +36.04% | -3.57% | -0.40B |
| 2024-06-30 | $2.63B | 14 | +15.41% | +24.49% | -9.08% | -0.01B |
| 2024-03-31 | $2.72B | 15 | +36.90% | +29.62% | +7.27% | +0.27B |
| 2023-12-31 | $2.31B | 12 | +38.61% | +26.18% | +12.43% | -0.82B |
| 2023-09-30 | $2.60B | 12 | +15.16% | +21.57% | -6.41% | -0.03B |
| 2023-06-30 | $2.82B | 13 | +26.43% | +19.42% | +7.00% | -0.13B |
| 2023-03-31 | $2.56B | 13 | -21.28% | -7.82% | -13.46% | +0.05B |
| 2022-12-31 | $2.34B | 14 | -0.34% | +7.56% | -7.90% | -0.31B |
| 2022-09-30 | $2.66B | 15 | +2.52% | -4.93% | +7.45% | +0.10B |
| 2022-06-30 | $2.49B | 14 | -28.29% | -16.11% | -12.18% | +0.03B |