Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.18%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.81%
baseline attrition
Rally response
-27.58%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IBITiShares Bitcoin Trust ET | $934M | 10.0% | — | 1.5 yr |
| QQQInvesco QQQ Trust, Serie | $855M | 9.2% | — | 2.0 yr |
| HYGiShares iBoxx $ High Yie | $511M | 5.5% | — | 1.8 yr |
| NVDANVIDIA Corporation | $503M | 5.4% | +60.9% | 3.0 yr |
| TSLATesla, Inc. | $418M | 4.5% | +43.4% | 2.8 yr |
| TLTiShares 20+ Year Treasur | $238M | 2.6% | — | 1.8 yr |
| FXIiShares China Large-Cap | $216M | 2.3% | — | 1.3 yr |
| LQDiShares iBoxx $ Investme | $215M | 2.3% | — | 2.8 yr |
| GLDSPDR Gold Shares | $184M | 2.0% | — | 1.3 yr |
| XLFState Street Financial S | $123M | 1.3% | — | 1.3 yr |
| EWZiShares MSCI Brazil ETF | $118M | 1.3% | — | 1.5 yr |
| METAMeta Platforms, Inc. | $115M | 1.2% | -0.4% | 3.5 yr |
| PLTRPalantir Technologies In | $112M | 1.2% | +73.3% | 1.5 yr |
| BAThe Boeing Company | $102M | 1.1% | +16.7% | 1.5 yr |
| SNDKSandisk Corporation | $84M | 0.9% | +1234.5% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management30.9%-7.0pp$2.88B
Asset Management - Bonds10.3%+10.2pp$964M
Semiconductors7.7%+4.6pp$715M
Auto - Manufacturers5.3%+4.9pp$497M
Software - Infrastructure3.1%-0.1pp$292M
Banks - Regional2.7%-0.5pp$250M
Internet Content & Information2.1%+0.2pp$196M
Aerospace & Defense2.1%+1.0pp$195M
Financial - Capital Markets2.0%+1.6pp$189M
Software - Application2.0%-0.4pp$185M
Country
US94.5%-2.4pp
Unknown1.1%+0.7pp
CA1.0%+0.3pp
CN0.7%+0.3pp
GB0.5%+0.5pp
AR0.4%-0.8pp
BR0.3%
LU0.2%
Top 5: 34.5% · Top 10: 45.0% · Top 25: 57.5%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$428M |
| TSLA Tesla, Inc. | +$367M |
| META Meta Platforms, Inc. | +$118M |
| PLTR Palantir Technologies Inc. | +$109M |
| BA The Boeing Company | +$101M |
| UBER Uber Technologies, Inc. | +$76M |
| SCHW The Charles Schwab Corporation | +$73M |
| MU Micron Technology, Inc. | +$70M |
| GM General Motors Company | +$68M |
| NFLX Netflix, Inc. | +$67M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $9.34B | 1987 | +20.67% | +17.59% | +3.08% | +4.48B |
| 2025-12-31 | $4.78B | 1603 | +12.26% | +17.72% | -5.46% | -2.15B |
| 2025-09-30 | $6.84B | 1789 | +16.26% | +17.52% | -1.26% | -2.92B |
| 2025-06-30 | $9.01B | 1717 | +13.87% | +14.94% | -1.07% | +5.21B |
| 2025-03-31 | $3.51B | 1067 | +4.11% | +8.30% | -4.19% | -0.27B |
| 2024-12-31 | $3.99B | 956 | +5.46% | +24.89% | -19.42% | +1.89B |
| 2024-09-30 | $2.01B | 1037 | -3.43% | +36.04% | -39.46% | +0.44B |
| 2024-06-30 | $1.48B | 963 | +5.56% | +24.49% | -18.93% | +0.43B |
| 2024-03-31 | $1.06B | 908 | +6.34% | +29.62% | -23.29% | +0.16B |
| 2023-12-31 | $935M | 951 | +12.74% | +26.18% | -13.43% | +0.66B |
| 2023-09-30 | $282M | 320 | +48.61% | +21.57% | +27.04% | -0.29B |
| 2023-06-30 | $490M | 145 | +11.37% | +19.42% | -8.06% | +0.09B |
| 2023-03-31 | $398M | 82 | -1.03% | -7.82% | +6.79% | +0.08B |
| 2022-12-31 | $316M | 65 | +26.55% | +7.56% | +18.99% | +0.00B |
| 2022-09-30 | $247M | 55 | -13.12% | -4.93% | -8.19% | +0.13B |
| 2022-06-30 | $137M | 36 | -11.33% | -16.11% | +4.78% | +0.02B |