Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-14.82%
trims when stocks drop
when a holding falls −10%+
Middle response
-14.43%
baseline attrition
Rally response
-13.22%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CRWDCrowdStrike Holdings, In | $11M | 5.1% | +10.7% | 2.3 yr |
| GNRCGenerac Holdings Inc. | $10M | 4.9% | +54.2% | 3.3 yr |
| VRTVertiv Holdings Co | $9M | 4.3% | +247.5% | 0.8 yr |
| CRMSalesforce, Inc. | $9M | 4.3% | -30.2% | 8.3 yr |
| BF-ABrown-Forman Corporation | $8M | 4.0% | -17.3% | 8.0 yr |
| ANETArista Networks, Inc. | $8M | 4.0% | +58.5% | 1.3 yr |
| HCAHCA Healthcare, Inc. | $8M | 3.9% | +37.9% | 1.3 yr |
| GLDSPDR Gold Shares | $8M | 3.7% | — | 9.0 yr |
| AMZNAmazon.com, Inc. | $8M | 3.7% | +9.5% | 8.0 yr |
| BHPBHP Group Limited | $7M | 3.5% | +56.1% | 0.3 yr |
| MSFTMicrosoft Corporation | $7M | 3.4% | -0.6% | 9.5 yr |
| GILDGilead Sciences, Inc. | $7M | 3.3% | +27.7% | 1.3 yr |
| GEVGE Vernova Inc. | $7M | 3.3% | +186.8% | 1.5 yr |
| VMCVulcan Materials Company | $7M | 3.1% | +17.5% | 0.3 yr |
| AAPLApple Inc. | $7M | 3.1% | +14.7% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure11.3%-0.0pp$24M
Industrial - Machinery8.9%+4.8pp$19M
Asset Management8.7%+1.0pp$18M
Software - Application6.7%-0.4pp$14M
Internet Content & Information5.2%-5.4pp$11M
Computer Hardware5.2%-1.6pp$11M
Drug Manufacturers - General4.7%+1.3pp$10M
Electrical Equipment & Parts4.3%$9M
Beverages - Wineries & Distilleries4.0%$8M
Medical - Care Facilities3.9%+0.7pp$8M
Country
US94.3%+0.1pp
AU3.5%
Unknown1.2%+1.2pp
GB1.0%+0.9pp
Top 5: 22.5% · Top 10: 41.3% · Top 25: 80.4%
Top buys this quarter · 15
| CRM Salesforce, Inc. | +$9M |
| BHP BHP Group Limitednew | +$7M |
| MSFT Microsoft Corporation | +$7M |
| GEV GE Vernova Inc. | +$7M |
| VMC Vulcan Materials Companynew | +$7M |
| OSK Oshkosh Corporationnew | +$6M |
| GILD Gilead Sciences, Inc. | +$5M |
| BLD TopBuild Corp.new | +$5M |
| RGTI Rigetti Computing, Inc. | +$2M |
| ARQQ Arqit Quantum Inc. | +$1M |
Top sells this quarter · 15
| PLTR Palantir Technologies Inc. | −$12M |
| ROKU Roku, Inc.exit | −$11M |
| NVDA NVIDIA Corporationexit | −$10M |
| UBER Uber Technologies, Inc.exit | −$8M |
| GOOS Canada Goose Holdings Inc.exit | −$7M |
| EL The Estée Lauder Companies Inexit | −$7M |
| ADBE Adobe Inc.exit | −$4M |
| TOST Toast, Inc.exit | −$3M |
| SOFI SoFi Technologies, Inc.exit | −$3M |
| HIMS Hims & Hers Health, Inc.exit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $211M | 79 | +28.82% | +17.59% | +11.23% | -0.02B |
| 2025-12-31 | $237M | 86 | +26.90% | +17.72% | +9.19% | +0.01B |
| 2025-09-30 | $233M | 82 | +36.01% | +17.52% | +18.49% | -0.03B |
| 2025-06-30 | $244M | 213 | +37.09% | +14.94% | +22.15% | -0.01B |
| 2025-03-31 | $205M | 216 | +6.70% | +8.30% | -1.61% | +0.00B |
| 2024-12-31 | $211M | 185 | +19.38% | +24.89% | -5.50% | +0.01B |
| 2024-09-30 | $195M | 188 | +31.28% | +36.04% | -4.75% | -0.01B |
| 2024-06-30 | $185M | 195 | +13.56% | +24.49% | -10.93% | +0.03B |
| 2024-03-31 | $161M | 191 | +25.90% | +29.62% | -3.72% | -0.01B |
| 2023-12-31 | $163M | 166 | +29.46% | +26.18% | +3.28% | +0.03B |
| 2023-09-30 | $119M | 161 | +14.24% | +21.57% | -7.33% | -0.02B |
| 2023-06-30 | $142M | 170 | +18.94% | +19.42% | -0.48% | -0.02B |
| 2023-03-31 | $148M | 178 | -11.05% | -7.82% | -3.23% | +0.04B |
| 2022-12-31 | $95M | 152 | +1.74% | +7.56% | -5.82% | -0.03B |
| 2022-09-30 | $121M | 179 | -0.86% | -4.93% | +4.07% | +0.01B |
| 2022-06-30 | $114M | 168 | -20.08% | -16.11% | -3.97% | -0.02B |