Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.30%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.00%
baseline attrition
Rally response
-24.92%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $165M | 13.8% | +60.9% | 4.8 yr |
| LRCXLam Research Corporation | $133M | 11.1% | +196.1% | 1.0 yr |
| COHRCoherent, Inc. | $106M | 8.9% | +266.8% | 0.5 yr |
| LYVLive Nation Entertainmen | $82M | 6.9% | +16.8% | 4.3 yr |
| NTRANatera, Inc. | $68M | 5.7% | +41.4% | 1.8 yr |
| SESea Limited | $59M | 4.9% | -36.5% | 3.3 yr |
| MUMicron Technology, Inc. | $49M | 4.1% | +289.6% | 4.8 yr |
| SNPSSynopsys, Inc. | $49M | 4.1% | -7.5% | 1.3 yr |
| METAMeta Platforms, Inc. | $43M | 3.6% | -0.4% | 6.5 yr |
| TSMTaiwan Semiconductor Man | $43M | 3.6% | +105.6% | 3.5 yr |
| SHWThe Sherwin-Williams Com | $39M | 3.3% | -7.4% | 1.5 yr |
| AMDAdvanced Micro Devices, | $37M | 3.1% | +98.0% | 4.3 yr |
| GOOGLAlphabet Inc. | $35M | 2.9% | — | 6.5 yr |
| ADIAnalog Devices, Inc. | $33M | 2.8% | +60.2% | 2.5 yr |
| FPSForgent Power Solutions, | $33M | 2.7% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors41.7%+23.7pp$498M
Hardware, Equipment & Parts11.5%+9.0pp$137M
Entertainment7.5%+5.2pp$89M
Internet Content & Information7.3%+7.0pp$87M
Specialty Retail6.5%-10.7pp$77M
Medical - Diagnostics & Research5.7%+4.6pp$68M
Software - Infrastructure4.3%-7.0pp$52M
Chemicals - Specialty3.3%$39M
Electrical Equipment & Parts2.7%$33M
Aerospace & Defense2.0%$24M
Country
US85.8%+6.5pp
SG4.9%+1.3pp
TW3.6%-3.0pp
CA2.6%+0.1pp
NL1.7%-3.4pp
Unknown1.3%+0.0pp
CN0.1%
Top 5: 46.4% · Top 10: 66.7% · Top 25: 97.3%
Top buys this quarter · 15
| COHR Coherent, Inc. | +$101M |
| LRCX Lam Research Corporation | +$96M |
| NVDA NVIDIA Corporation | +$57M |
| NTRA Natera, Inc. | +$43M |
| MU Micron Technology, Inc. | +$43M |
| FPS Forgent Power Solutions, Inc.new | +$33M |
| CLS Celestica Inc.new | +$31M |
| SNPS Synopsys, Inc. | +$28M |
| AMD Advanced Micro Devices, Inc. | +$25M |
| LYV Live Nation Entertainment, Inc | +$22M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc.exit | −$250M |
| CSCO Cisco Systems, Inc.exit | −$99M |
| VST Vistra Corp. | −$73M |
| TXN Texas Instruments Incorporatedexit | −$51M |
| V Visa Inc. | −$49M |
| PRMB Primo Brands Corporationexit | −$49M |
| META Meta Platforms, Inc. | −$45M |
| ADSK Autodesk, Inc.exit | −$42M |
| ADI Analog Devices, Inc. | −$41M |
| AVGO Broadcom Inc.exit | −$38M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.19B | 35 | +30.30% | +17.59% | +12.71% | -0.49B |
| 2025-12-31 | $1.76B | 46 | +22.88% | +17.72% | +5.16% | -0.40B |
| 2025-09-30 | $2.08B | 52 | +32.95% | +17.52% | +15.43% | +0.32B |
| 2025-06-30 | $1.62B | 47 | +28.30% | +14.94% | +13.36% | +0.32B |
| 2025-03-31 | $1.07B | 47 | +9.83% | +8.30% | +1.53% | +0.24B |
| 2024-12-31 | $921M | 59 | +46.34% | +24.89% | +21.46% | -0.04B |
| 2024-09-30 | $858M | 46 | +60.25% | +36.04% | +24.21% | -0.54B |
| 2024-06-30 | $1.33B | 52 | +46.39% | +24.49% | +21.90% | -0.20B |
| 2024-03-31 | $1.48B | 57 | +70.16% | +29.62% | +40.54% | +0.44B |
| 2023-12-31 | $867M | 37 | +64.47% | +26.18% | +38.29% | -0.29B |
| 2023-09-30 | $940M | 28 | +29.97% | +21.57% | +8.40% | -0.19B |
| 2023-06-30 | $1.18B | 35 | +29.94% | +19.42% | +10.52% | -0.01B |
| 2023-03-31 | $983M | 32 | -19.26% | -7.82% | -11.44% | +0.64B |
| 2022-12-31 | $298M | 18 | +32.72% | -18.17% | +50.90% | -0.09B |
| 2022-09-30 | $403M | 23 | -4.12% | -4.93% | +0.81% | +0.03B |
| 2022-06-30 | $387M | 29 | -25.22% | -16.11% | -9.11% | -0.15B |