Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.84%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.25%
steady accumulation
Rally response
+3.47%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CRWVCoreWeave, Inc. Class A | $16M | 11.5% | +108.9% | 1.0 yr |
| ARMArm Holdings plc America | $12M | 9.0% | +41.7% | 2.5 yr |
| KVUEKenvue Inc. | $12M | 8.8% | -25.0% | 3.0 yr |
| ALABAstera Labs, Inc. Common | $12M | 8.5% | +83.7% | 2.0 yr |
| RDDTReddit, Inc. | $9M | 6.5% | +28.4% | 2.0 yr |
| MDLNMedline Inc. | $7M | 4.8% | — | 0.3 yr |
| — | $7M | 4.7% | — | 2.0 yr |
| CRCLCircle Internet Group | $5M | 3.5% | — | 0.8 yr |
| CAVACAVA Group, Inc. | $4M | 3.2% | -6.4% | 2.8 yr |
| AHRAmerican Healthcare REIT | $4M | 3.1% | +58.5% | 0.5 yr |
| KSPIJoint Stock Company Kasp | $4M | 2.7% | -20.2% | 2.3 yr |
| RBRKRubrik, Inc. | $4M | 2.6% | -19.7% | 2.0 yr |
| CARTInstacart (Maplebear Inc | $3M | 2.5% | -6.1% | 2.5 yr |
| ULSUL Solutions Inc. | $3M | 2.4% | +53.1% | 2.0 yr |
| BTSGBrightSpring Health Serv | $3M | 2.1% | +135.5% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure18.4%+8.0pp$25M
Semiconductors17.5%+1.6pp$24M
Household & Personal Products8.8%-2.0pp$12M
Unknown8.5%-2.6pp$12M
Internet Content & Information6.5%+3.7pp$9M
Medical - Instruments & Supplies4.8%+3.9pp$7M
Aerospace & Defense4.2%-1.7pp$6M
Medical - Healthcare Information Services4.0%-0.2pp$6M
Financial - Capital Markets3.9%$5M
Restaurants3.2%-1.9pp$4M
Country
US78.6%+7.2pp
GB9.0%-0.3pp
Unknown8.5%-2.6pp
KZ2.7%-1.8pp
CN0.9%-0.2pp
KY0.4%
Top 5: 44.3% · Top 10: 63.6% · Top 25: 90.6%
Top buys this quarter · 14
| MDLN Medline Inc.new | +$7M |
| ATMU Atmus Filtration Technologies new | +$2M |
| CRCL Circle Internet Group | +$2M |
| LGN Legence Corp. Class A Common snew | +$1M |
| FIG Figma, Inc. | +$1M |
| FPS Forgent Power Solutions, Inc.new | +$1M |
| PONY Pony AI Inc. American Deposita | +$1M |
| LB LandBridge Company LLCnew | +$1M |
| CAI Caris Life Sciences, Inc. | +$1M |
| SARO StandardAero, Inc. | +$0M |
Top sells this quarter · 15
| NXT Nextpower Inc.exit | −$10M |
| KVUE Kenvue Inc. | −$2M |
| CRWV CoreWeave, Inc. Class A Common | −$12M |
| ARM Arm Holdings plc American Depo | −$8M |
| CAVA CAVA Group, Inc. | −$4M |
| KSPI Joint Stock Company Kaspi.kz | −$1M |
| ALAB Astera Labs, Inc. Common Stock | −$12M |
| ULS UL Solutions Inc. | −$1M |
| CART Instacart (Maplebear Inc.) | −$1M |
| AHR American Healthcare REIT, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $138M | 47 | +11.39% | +17.59% | -6.20% | +0.01B |
| 2025-12-31 | $139M | 39 | +6.86% | +17.72% | -10.86% | -0.03B |
| 2025-09-30 | $178M | 31 | +18.57% | +17.52% | +1.05% | +0.02B |
| 2025-06-30 | $143M | 28 | +14.15% | +14.94% | -0.79% | -0.01B |
| 2025-03-31 | $130M | 28 | -6.77% | +8.30% | -15.07% | -0.00B |
| 2024-12-31 | $152M | 25 | +18.22% | +24.89% | -6.67% | -0.00B |
| 2024-09-30 | $152M | 32 | +33.32% | +36.04% | -2.72% | -0.04B |
| 2024-06-30 | $179M | 41 | +25.14% | +24.49% | +0.65% | -0.01B |
| 2024-03-31 | $193M | 53 | +42.47% | +29.62% | +12.84% | -0.03B |
| 2023-12-31 | $203M | 59 | +52.99% | +26.18% | +26.81% | -0.01B |
| 2023-09-30 | $188M | 68 | +15.38% | +21.57% | -6.19% | +0.02B |
| 2023-06-30 | $176M | 74 | +10.58% | +19.42% | -8.84% | +0.02B |
| 2023-03-31 | $135M | 87 | -28.92% | -7.82% | -21.10% | -0.02B |
| 2022-12-31 | $128M | 86 | -12.73% | +7.56% | -20.29% | -0.01B |
| 2022-09-30 | $156M | 80 | -5.70% | -4.93% | -0.77% | -0.02B |
| 2022-06-30 | $188M | 72 | -27.85% | -16.11% | -11.74% | +0.02B |