Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.58%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.87%
baseline attrition
Rally response
-7.54%
trims into rallies
when a holding rises +10%+
Top positions · 27
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $337M | 10.9% | — | 2.5 yr |
| SQBlock, Inc. | $273M | 8.9% | — | 3.5 yr |
| LYFTLyft, Inc. | $159M | 5.2% | +12.0% | 1.5 yr |
| — | $156M | 5.1% | — | 1.3 yr |
| AVGOBroadcom Inc. | $153M | 5.0% | +86.0% | 3.5 yr |
| TSLATesla, Inc. | $149M | 4.8% | +43.4% | 0.5 yr |
| IRMIron Mountain Incorporat | $148M | 4.8% | +22.9% | 1.3 yr |
| CARTInstacart (Maplebear Inc | $146M | 4.7% | -6.1% | 0.3 yr |
| RBLXRoblox Corporation | $142M | 4.6% | -3.0% | 0.8 yr |
| RKTRocket Companies, Inc. | $141M | 4.6% | +18.1% | 1.0 yr |
| BILLBill.com Holdings, Inc. | $128M | 4.2% | -16.5% | 2.5 yr |
| GLBEGlobal-e Online Ltd. | $115M | 3.7% | -13.5% | 2.5 yr |
| PYPLPayPal Holdings, Inc. | $111M | 3.6% | -30.3% | 2.0 yr |
| TRMBTrimble Inc. | $110M | 3.6% | -0.6% | 4.8 yr |
| ORCLOracle Corporation | $94M | 3.1% | +5.9% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure13.7%+3.2pp$423M
Software - Application11.9%+5.4pp$368M
Internet Content & Information10.9%+2.0pp$337M
Semiconductors9.6%-3.1pp$295M
Specialty Retail9.3%+4.0pp$286M
Unknown8.5%-0.7pp$260M
Electronic Gaming & Multimedia6.7%-0.9pp$205M
Hardware, Equipment & Parts6.4%-3.5pp$196M
Auto - Manufacturers4.8%$149M
REIT - Specialty4.8%-0.3pp$148M
Country
US87.8%+1.6pp
Unknown8.5%-0.7pp
IL3.7%-0.9pp
Top 5: 35.0% · Top 10: 58.6% · Top 25: 98.4%
Top buys this quarter · 15
| CART Instacart (Maplebear Inc.)new | +$146M |
| TSLA Tesla, Inc. | +$117M |
| RBLX Roblox Corporation | +$113M |
| LYFT Lyft, Inc. | +$107M |
| AVGO Broadcom Inc. | +$93M |
| MKSI MKS Inc.new | +$86M |
| RKT Rocket Companies, Inc. | +$86M |
| VSAT Viasat, Inc.new | +$70M |
| AKAM Akamai Technologies, Inc.new | +$56M |
| PYPL PayPal Holdings, Inc. | +$111M |
Top sells this quarter · 15
| TER Teradyne, Inc.exit | −$258M |
| ABNB Airbnb, Inc.exit | −$213M |
| CRM Salesforce, Inc.exit | −$211M |
| AMAT Applied Materials, Inc. | −$21M |
| IRM Iron Mountain Incorporated | −$142M |
| Z Zillow Group, Inc. Class Cexit | −$135M |
| TTWO Take-Two Interactive Software, | −$116M |
| WDAY Workday, Inc.exit | −$111M |
| ZETA Zeta Global Holdings Corp. | −$97M |
| TRMB Trimble Inc. | −$97M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.08B | 27 | +7.32% | +17.59% | -10.27% | -0.72B |
| 2025-12-31 | $4.29B | 30 | +24.73% | +17.72% | +7.01% | +0.34B |
| 2025-09-30 | $3.99B | 31 | +39.74% | +17.52% | +22.22% | +0.74B |
| 2025-06-30 | $3.06B | 29 | +42.67% | +14.94% | +27.73% | +0.29B |
| 2025-03-31 | $2.40B | 27 | +27.84% | +8.30% | +19.54% | -1.16B |
| 2024-12-31 | $3.46B | 28 | +36.95% | +24.89% | +12.06% | +0.10B |
| 2024-09-30 | $3.03B | 28 | +42.37% | +36.04% | +6.34% | -0.19B |
| 2024-06-30 | $2.96B | 29 | +23.39% | +24.49% | -1.10% | +0.32B |
| 2024-03-31 | $2.56B | 27 | +40.78% | +29.62% | +11.16% | -0.11B |
| 2023-12-31 | $2.42B | 23 | +55.39% | +26.18% | +29.22% | +0.00B |
| 2023-09-30 | $2.10B | 26 | +32.43% | +21.57% | +10.86% | +0.01B |
| 2023-06-30 | $2.22B | 23 | +29.58% | +19.42% | +10.16% | +0.17B |
| 2023-03-31 | $1.74B | 21 | -23.09% | -7.82% | -15.27% | -0.23B |
| 2022-12-31 | $1.62B | 26 | -1.80% | +7.56% | -9.36% | +0.40B |
| 2022-09-30 | $1.25B | 25 | -7.91% | -4.93% | -2.98% | +0.07B |
| 2022-06-30 | $1.28B | 22 | -30.07% | -16.11% | -13.96% | -0.45B |