Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.62%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.88%
baseline attrition
Rally response
-3.95%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $129M | 13.9% | +60.9% | 9.0 yr |
| AAPLApple Inc. | $30M | 3.3% | +14.7% | 9.0 yr |
| QQQInvesco QQQ Trust, Serie | $23M | 2.5% | — | 6.8 yr |
| MSFTMicrosoft Corporation | $18M | 1.9% | -0.6% | 8.8 yr |
| AMZNAmazon.com, Inc. | $18M | 1.9% | +9.5% | 8.0 yr |
| GOOGLAlphabet Inc. | $16M | 1.7% | — | 7.5 yr |
| LRCXLam Research Corporation | $15M | 1.7% | +196.1% | 1.3 yr |
| METAMeta Platforms, Inc. | $11M | 1.2% | -0.4% | 9.0 yr |
| TSLATesla, Inc. | $10M | 1.1% | +43.4% | 8.0 yr |
| AXONAxon Enterprise, Inc. | $9M | 0.9% | -19.3% | 9.0 yr |
| COSTCostco Wholesale Corpora | $9M | 0.9% | +5.9% | 9.0 yr |
| GSThe Goldman Sachs Group, | $8M | 0.9% | +58.1% | 7.8 yr |
| VTWGVanguard Russell 2000 Gr | $8M | 0.8% | — | 2.0 yr |
| VTWVVanguard Russell 2000 Va | $7M | 0.8% | — | 3.0 yr |
| AVGOBroadcom Inc. | $7M | 0.8% | +86.0% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management29.2%-0.9pp$272M
Semiconductors19.6%+4.9pp$182M
Software - Infrastructure3.8%-0.8pp$35M
Internet Content & Information3.5%+0.5pp$33M
Consumer Electronics3.3%-0.4pp$30M
Specialty Retail2.7%-0.4pp$25M
Aerospace & Defense2.5%-0.2pp$23M
Software - Application2.4%-0.1pp$23M
Drug Manufacturers - General2.2%-0.2pp$21M
Auto - Manufacturers1.5%+0.3pp$14M
Country
US97.2%-0.5pp
IE0.7%+0.0pp
CA0.5%+0.1pp
CN0.4%+0.2pp
Unknown0.3%-0.0pp
NL0.1%+0.0pp
GB0.1%+0.1pp
SG0.1%
Top 5: 23.5% · Top 10: 30.2% · Top 25: 41.2%
Top buys this quarter · 15
| IMMX Immix Biopharma, Inc.new | +$3M |
| SNOW Snowflake Inc. | +$2M |
| AFRM Affirm Holdings, Inc. | +$1M |
| CRM Salesforce, Inc. | +$1M |
| APP AppLovin Corporationnew | +$1M |
| NOW ServiceNow, Inc. | +$1M |
| KVUE Kenvue Inc. | +$1M |
| TSLA Tesla, Inc. | +$10M |
| ADSK Autodesk, Inc. | +$1M |
| WDAY Workday, Inc. | +$1M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$2M |
| NVDA NVIDIA Corporation | −$2M |
| ARES Ares Management Corporationexit | −$1M |
| CRC California Resources Corporati | −$1M |
| AAPL Apple Inc. | −$1M |
| GD General Dynamics Corporation | −$1M |
| BXMT Blackstone Mortgage Trust, Incexit | −$1M |
| TSM Taiwan Semiconductor Manufactu | −$1M |
| DE Deere & Company | −$1M |
| COST Costco Wholesale Corporation | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $931M | 539 | +24.42% | +17.59% | +6.83% | +0.03B |
| 2025-12-31 | $943M | 537 | +18.93% | +17.72% | +1.22% | -0.03B |
| 2025-09-30 | $960M | 556 | +21.84% | +17.52% | +4.32% | -0.01B |
| 2025-06-30 | $895M | 557 | +18.30% | +14.94% | +3.36% | -0.02B |
| 2025-03-31 | $777M | 522 | +1.80% | +8.30% | -6.50% | +0.05B |
| 2024-12-31 | $796M | 504 | +22.05% | +24.89% | -2.83% | -0.03B |
| 2024-09-30 | $792M | 548 | +33.21% | +36.04% | -2.83% | +0.01B |
| 2024-06-30 | $746M | 503 | +22.51% | +24.49% | -1.98% | -0.04B |
| 2024-03-31 | $772M | 500 | +30.46% | +29.62% | +0.84% | +0.10B |
| 2023-12-31 | $613M | 480 | +31.09% | +26.18% | +4.91% | -0.01B |
| 2023-09-30 | $548M | 449 | +22.91% | +21.57% | +1.35% | +0.00B |
| 2023-06-30 | $564M | 454 | +22.20% | +19.42% | +2.78% | +0.01B |
| 2023-03-31 | $514M | 443 | -6.64% | -7.82% | +1.18% | -0.00B |
| 2022-12-31 | $469M | 446 | -19.29% | -18.17% | -1.12% | -0.00B |
| 2022-09-30 | $445M | 448 | -15.67% | -15.51% | -0.16% | -0.04B |
| 2022-06-30 | $505M | 527 | -11.79% | -10.62% | -1.17% | -0.00B |