Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-34.57%
trims when stocks drop
when a holding falls −10%+
Middle response
-36.36%
baseline attrition
Rally response
-30.83%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IAUiShares Gold Trust | $11M | 2.3% | — | 1.8 yr |
| GLDSPDR Gold Shares | $11M | 2.2% | — | 6.5 yr |
| NOWServiceNow, Inc. | $10M | 2.2% | -34.3% | 6.0 yr |
| LYBLyondellBasell Industrie | $9M | 1.9% | +25.0% | 3.3 yr |
| MSFTMicrosoft Corporation | $9M | 1.8% | -0.6% | 8.5 yr |
| LULULululemon Athletica Inc. | $8M | 1.7% | -45.9% | 9.8 yr |
| GDXVanEck Gold Miners ETF | $7M | 1.6% | — | 9.3 yr |
| MUMicron Technology, Inc. | $7M | 1.5% | +289.6% | 11.3 yr |
| KRThe Kroger Co. | $7M | 1.5% | +9.1% | 7.8 yr |
| MRNAModerna, Inc. | $6M | 1.3% | +79.2% | 5.0 yr |
| MCKMcKesson Corporation | $6M | 1.3% | +29.1% | 7.0 yr |
| GLWCorning Incorporated | $6M | 1.2% | +201.5% | 10.5 yr |
| XBIState Street SPDR S&P Bi | $6M | 1.2% | — | 5.0 yr |
| RACEFerrari N.V. | $6M | 1.2% | -20.3% | 5.8 yr |
| XRTState Street SPDR S&P Re | $6M | 1.2% | — | 9.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management13.8%+5.1pp$66M
Semiconductors8.8%-3.5pp$42M
Software - Infrastructure6.2%-1.4pp$29M
Software - Application5.1%-3.0pp$24M
Aerospace & Defense3.2%+0.5pp$15M
Computer Hardware3.0%+0.7pp$14M
Auto - Manufacturers2.8%+0.1pp$13M
Biotechnology2.4%+0.9pp$12M
Apparel - Retail2.4%+1.3pp$11M
Hardware, Equipment & Parts2.3%+0.9pp$11M
Country
US84.6%+0.7pp
CA5.7%+0.2pp
GB1.9%-1.6pp
IT1.2%+1.0pp
Unknown1.1%-0.3pp
NL0.9%+0.3pp
AU0.8%+0.2pp
JP0.6%+0.4pp
Top 5: 10.4% · Top 10: 17.9% · Top 25: 33.6%
Top buys this quarter · 15
| NOW ServiceNow, Inc. | +$9M |
| LULU Lululemon Athletica Inc. | +$6M |
| KR The Kroger Co. | +$5M |
| LYB LyondellBasell Industries N.V. | +$4M |
| MCK McKesson Corporation | +$4M |
| MRNA Moderna, Inc. | +$3M |
| META Meta Platforms, Inc. | +$3M |
| RBRK Rubrik, Inc. | +$3M |
| SU Suncor Energy Inc. | +$2M |
| WLK Westlake Corporation | +$2M |
Top sells this quarter · 15
| PLTR Palantir Technologies Inc. | −$176M |
| STX Seagate Technology Holdings pl | −$65M |
| SNDK Sandisk Corporation | −$47M |
| COHR Coherent, Inc. | −$45M |
| TER Teradyne, Inc. | −$43M |
| GLW Corning Incorporated | −$36M |
| ADI Analog Devices, Inc. | −$34M |
| RY Royal Bank of Canada | −$29M |
| DLTR Dollar Tree, Inc. | −$28M |
| ANET Arista Networks, Inc. | −$26M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $476M | 385 | +68.98% | +17.59% | +51.39% | -0.65B |
| 2025-12-31 | $976M | 349 | +41.60% | +17.72% | +23.88% | -1.42B |
| 2025-09-30 | $2.14B | 389 | +31.16% | +17.52% | +13.64% | -2.45B |
| 2025-06-30 | $3.97B | 432 | +17.05% | +14.94% | +2.10% | -1.19B |
| 2025-03-31 | $4.54B | 541 | +7.77% | +8.30% | -0.53% | +0.56B |
| 2024-12-31 | $4.14B | 480 | +22.10% | +24.89% | -2.78% | -0.32B |
| 2024-09-30 | $4.30B | 503 | +30.47% | +36.04% | -5.57% | +0.78B |
| 2024-06-30 | $3.40B | 451 | +23.74% | +24.49% | -0.76% | -1.21B |
| 2024-03-31 | $4.41B | 382 | +28.18% | +29.62% | -1.45% | -1.59B |
| 2023-12-31 | $5.50B | 455 | +30.21% | +26.18% | +4.03% | +2.19B |
| 2023-09-30 | $2.98B | 407 | +22.15% | +21.57% | +0.59% | -1.78B |
| 2023-06-30 | $4.86B | 465 | +19.98% | +19.42% | +0.55% | +1.04B |
| 2023-03-31 | $3.53B | 456 | -11.64% | -7.82% | -3.82% | -0.08B |
| 2022-12-31 | $3.26B | 396 | +4.00% | +7.56% | -3.56% | -0.55B |
| 2022-09-30 | $3.67B | 438 | -3.87% | -4.93% | +1.06% | -1.48B |
| 2022-06-30 | $5.35B | 557 | -20.29% | -16.11% | -4.18% | +1.30B |