Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-30.28%
trims when stocks drop
when a holding falls −10%+
Middle response
-25.30%
baseline attrition
Rally response
-34.41%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QQQInvesco QQQ Trust, Serie | $35M | 16.8% | — | 4.0 yr |
| NVDANVIDIA Corporation | $22M | 10.7% | +60.9% | 4.5 yr |
| AVGOBroadcom Inc. | $16M | 7.6% | +86.0% | 5.0 yr |
| AAPLApple Inc. | $13M | 6.2% | +14.7% | 6.8 yr |
| IBMInternational Business M | $12M | 6.0% | -0.1% | 6.0 yr |
| AMZNAmazon.com, Inc. | $10M | 4.9% | +9.5% | 3.5 yr |
| SPYState Street SPDR S&P 50 | $7M | 3.6% | +17.6% | 6.5 yr |
| BEBloom Energy Corporation | $7M | 3.4% | +589.2% | 1.0 yr |
| BBarrick Mining Corporati | $4M | 2.0% | +114.9% | 0.8 yr |
| ETEnergy Transfer LP | $3M | 1.5% | +12.1% | 6.0 yr |
| APLDApplied Digital Corporat | $3M | 1.3% | +322.4% | 0.8 yr |
| WIXWix.com Ltd. | $2M | 0.9% | -44.9% | 0.5 yr |
| VALEVale S.A. | $2M | 0.9% | +72.7% | 5.3 yr |
| CTVACorteva, Inc. | $2M | 0.8% | +34.3% | 2.5 yr |
| UNPUnion Pacific Corporatio | $2M | 0.8% | +5.1% | 4.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management23.4%+4.1pp$48M
Semiconductors19.1%+10.7pp$39M
Information Technology Services7.4%+7.1pp$15M
Consumer Electronics6.2%-7.1pp$13M
Specialty Retail5.2%+4.9pp$11M
Electrical Equipment & Parts3.4%+3.3pp$7M
Oil & Gas Midstream2.9%-0.8pp$6M
Gold2.4%+2.3pp$5M
Drug Manufacturers - General2.0%-0.7pp$4M
Software - Infrastructure1.8%+1.0pp$4M
Country
US90.2%+17.5pp
CA2.3%+1.7pp
IL1.4%+1.1pp
Unknown1.3%-0.8pp
AU1.0%+0.9pp
BR1.0%+0.3pp
GB0.8%-2.7pp
FR0.4%-1.2pp
Top 5: 47.3% · Top 10: 62.7% · Top 25: 73.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AAPL | $19M | +0.00B | 14.7% |
| SPY | $6M | +0.00B | 17.6% |
| VALE | $0M | +0.00B | 72.7% |
| ET | $2M | +0.00B | 12.1% |
| PFE | $1M | +0.00B | 18.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| UPS | $0M | -0.00B | -4.4% |
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$14M |
| IBM International Business Machine | +$12M |
| AVGO Broadcom Inc. | +$11M |
| AMZN Amazon.com, Inc. | +$7M |
| AAPL Apple Inc. | +$6M |
| SPY State Street SPDR S&P 500 ETF | +$6M |
| B Barrick Mining Corporation | +$3M |
| ET Energy Transfer LP | +$2M |
| WIX Wix.com Ltd. | +$2M |
| CTVA Corteva, Inc. | +$2M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactuexit | −$60M |
| META Meta Platforms, Inc. | −$23M |
| TSLA Tesla, Inc. | −$20M |
| WMT Walmart Inc.exit | −$15M |
| MS Morgan Stanley | −$13M |
| C Citigroup Inc. | −$11M |
| CSCO Cisco Systems, Inc.exit | −$9M |
| PDD PDD Holdings Inc.exit | −$7M |
| NXT Nextpower Inc.exit | −$6M |
| BAC Bank of America Corporation | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $206M | 822 | +42.07% | +17.59% | +24.47% | -0.35B |
| 2025-12-31 | $560M | 847 | +37.62% | +17.72% | +19.90% | +0.24B |
| 2025-09-30 | $305M | 842 | +40.69% | +17.52% | +23.18% | -0.04B |
| 2025-06-30 | $279M | 913 | +21.23% | +14.94% | +6.29% | +0.12B |
| 2025-03-31 | $144M | 618 | +12.67% | +8.30% | +4.36% | -0.11B |
| 2024-12-31 | $268M | 476 | +18.10% | +24.89% | -6.78% | +0.10B |
| 2024-09-30 | $155M | 404 | +18.75% | +36.04% | -17.29% | -0.12B |
| 2024-06-30 | $257M | 416 | +11.48% | +24.49% | -13.01% | +0.03B |
| 2024-03-31 | $219M | 271 | +14.97% | +29.62% | -14.65% | -0.03B |
| 2023-12-31 | $248M | 435 | +24.57% | +26.18% | -1.61% | +0.10B |
| 2023-09-30 | $142M | 366 | +16.01% | +21.57% | -5.55% | -0.10B |
| 2023-06-30 | $238M | 714 | +7.63% | +19.42% | -11.80% | -0.14B |
| 2023-03-31 | $360M | 619 | -10.22% | -7.82% | -2.41% | -0.18B |
| 2022-12-31 | $493M | 880 | -21.95% | -18.17% | -3.78% | -0.03B |
| 2022-09-30 | $528M | 677 | -12.88% | -15.51% | +2.63% | +0.25B |
| 2022-06-30 | $297M | 696 | -5.38% | -10.62% | +5.24% | +0.00B |