Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.87%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.94%
baseline attrition
Rally response
-7.57%
trims into rallies
when a holding rises +10%+
Top positions · 20
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLDSPDR Gold Shares | $24M | 26.9% | — | 0.3 yr |
| FSLRFirst Solar, Inc. | $7M | 7.9% | +56.0% | 2.3 yr |
| GOOGLAlphabet Inc. | $7M | 7.6% | — | 6.3 yr |
| MUMicron Technology, Inc. | $7M | 7.6% | +289.6% | 3.8 yr |
| NVDANVIDIA Corporation | $7M | 7.6% | +60.9% | 5.3 yr |
| NUNu Holdings Ltd. | $5M | 6.2% | +40.3% | 2.5 yr |
| FUTUFutu Holdings Limited | $5M | 5.7% | +33.6% | 1.0 yr |
| CATCaterpillar Inc. | $5M | 5.6% | +117.8% | 0.8 yr |
| METAMeta Platforms, Inc. | $5M | 5.3% | -0.4% | 6.8 yr |
| TSMTaiwan Semiconductor Man | $4M | 4.7% | +105.6% | 1.8 yr |
| PDDPDD Holdings Inc. | $3M | 3.4% | -13.7% | 3.0 yr |
| BABAAlibaba Group Holding Li | $3M | 3.0% | -3.5% | 6.0 yr |
| REREATRenew Inc. | $3M | 2.9% | +55.8% | 1.0 yr |
| SESea Limited | $1M | 1.5% | -36.5% | 2.3 yr |
| MELIMercadoLibre, Inc. | $1M | 1.4% | -11.4% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management26.9%+17.2pp$24M
Semiconductors19.8%+15.3pp$17M
Internet Content & Information13.0%-17.4pp$11M
Specialty Retail12.1%-17.8pp$11M
Solar7.9%+7.1pp$7M
Banks - Diversified6.2%-0.1pp$5M
Financial - Capital Markets5.7%$5M
Agricultural - Machinery5.6%$5M
Asset Management - Global1.3%+0.5pp$1M
Biotechnology0.9%-0.3pp$1M
Country
US70.6%+22.4pp
BR6.2%-0.1pp
CN5.9%-20.9pp
HK5.7%
TW4.7%+0.2pp
IE3.4%-1.8pp
SG2.1%-4.1pp
UY1.4%-1.3pp
Top 5: 57.6% · Top 10: 85.1% · Top 25: 100.0%
Top buys this quarter · 6
| MU Micron Technology, Inc. | +$4M |
| CAT Caterpillar Inc. | +$4M |
| NU Nu Holdings Ltd. | +$3M |
| NVDA NVIDIA Corporation | +$1M |
| FSLR First Solar, Inc. | +$7M |
| GLD SPDR Gold Sharesnew | +$0M |
Top sells this quarter · 11
| AVGO Broadcom Inc.exit | −$3M |
| TSM Taiwan Semiconductor Manufactu | −$2M |
| GRAB Grab Holdings Limited | −$1M |
| META Meta Platforms, Inc. | −$1M |
| BABA Alibaba Group Holding Limited | −$1M |
| TCOM Trip.com Group Limitedexit | −$1M |
| TME Tencent Music Entertainment Grexit | −$0M |
| FUTU Futu Holdings Limited | −$0M |
| MARA Marathon Digital Holdings, Incexit | −$0M |
| PLUG Plug Power Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $88M | 20 | +16.35% | +17.59% | -1.24% | +0.03B |
| 2025-12-31 | $65M | 22 | +25.37% | +17.72% | +7.65% | +0.00B |
| 2025-09-30 | $65M | 23 | +28.40% | +17.52% | +10.88% | +0.00B |
| 2025-06-30 | $54M | 27 | +16.37% | +14.94% | +1.43% | -0.01B |
| 2025-03-31 | $59M | 23 | +8.45% | +8.30% | +0.14% | -0.02B |
| 2024-12-31 | $76M | 65 | +15.61% | +24.89% | -9.28% | -0.01B |
| 2024-09-30 | $84M | 62 | +38.85% | +36.04% | +2.82% | +0.00B |
| 2024-06-30 | $76M | 21 | +34.61% | +24.49% | +10.12% | +0.00B |
| 2024-03-31 | $69M | 24 | +39.50% | +29.62% | +9.88% | +0.01B |
| 2023-12-31 | $61M | 29 | +49.16% | +26.18% | +22.99% | -0.01B |
| 2023-09-30 | $59M | 30 | +17.07% | +21.57% | -4.49% | +0.01B |
| 2023-06-30 | $52M | 27 | +7.19% | +19.42% | -12.23% | -0.01B |
| 2023-03-31 | $55M | 26 | -14.82% | -7.82% | -7.00% | +0.00B |
| 2022-12-31 | $49M | 46 | -7.24% | +7.56% | -14.80% | +0.00B |
| 2022-09-30 | $49M | 66 | -4.81% | -4.93% | +0.12% | -0.04B |
| 2022-06-30 | $92M | 166 | -14.41% | -16.11% | +1.70% | -0.02B |