Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.42%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.58%
baseline attrition
Rally response
-16.37%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TMUST-Mobile US, Inc. | $57M | 22.4% | -19.9% | 1.0 yr |
| WIXWix.com Ltd. | $30M | 11.8% | -44.9% | 0.8 yr |
| METAMeta Platforms, Inc. | $23M | 9.0% | -0.4% | 3.0 yr |
| SOLSSolstice Advanced Materi | $13M | 5.0% | — | 0.5 yr |
| GOOGAlphabet Inc. | $11M | 4.2% | +84.3% | 2.5 yr |
| QQnity Electronics, Inc. | $10M | 4.1% | — | 0.5 yr |
| MUMicron Technology, Inc. | $10M | 3.9% | +289.6% | 2.0 yr |
| CMECME Group Inc. | $9M | 3.5% | +15.6% | 10.5 yr |
| PINSPinterest, Inc. | $8M | 3.3% | -40.8% | 0.5 yr |
| DDDuPont de Nemours, Inc. | $7M | 2.9% | +49.6% | 0.8 yr |
| NOCNorthrop Grumman Corpora | $6M | 2.4% | +35.4% | 2.3 yr |
| LMTLockheed Martin Corporat | $6M | 2.4% | +39.0% | 2.0 yr |
| LHXL3Harris Technologies, I | $6M | 2.4% | +67.7% | 1.8 yr |
| RTXRTX Corporation | $6M | 2.3% | +48.1% | 1.3 yr |
| NFLXNetflix, Inc. | $6M | 2.3% | +3.1% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Telecommunications Services22.4%+21.0pp$57M
Internet Content & Information16.4%+15.2pp$42M
Software - Infrastructure13.9%+10.6pp$35M
Aerospace & Defense11.3%+10.7pp$29M
Semiconductors7.9%+5.4pp$20M
Chemicals - Specialty7.8%+5.8pp$20M
Financial - Data & Stock Exchanges3.5%+0.2pp$9M
Unknown2.6%$7M
Hardware, Equipment & Parts2.5%+0.5pp$6M
Entertainment2.3%+1.6pp$6M
Country
US84.0%-11.9pp
IL11.8%
Unknown2.6%
CA0.7%+0.6pp
CL0.7%
BR0.2%
Top 5: 52.3% · Top 10: 69.9% · Top 25: 97.3%
Top buys this quarter · 15
| TMUS T-Mobile US, Inc. | +$55M |
| WIX Wix.com Ltd. | +$30M |
| META Meta Platforms, Inc. | +$21M |
| GOOG Alphabet Inc. | +$10M |
| MU Micron Technology, Inc. | +$7M |
| NFLX Netflix, Inc. | +$6M |
| PINS Pinterest, Inc. | +$5M |
| BTSG BrightSpring Health Services, new | +$5M |
| SARO StandardAero, Inc.new | +$5M |
| FPS Forgent Power Solutions, Inc.new | +$5M |
Top sells this quarter · 15
| RTX RTX Corporation | −$53M |
| LMT Lockheed Martin Corporation | −$32M |
| NOC Northrop Grumman Corporation | −$23M |
| COF Capital One Financial Corporatexit | −$16M |
| KR The Kroger Co.exit | −$15M |
| LHX L3Harris Technologies, Inc. | −$14M |
| Q Qnity Electronics, Inc. | −$13M |
| ITT ITT Inc.exit | −$9M |
| HCA HCA Healthcare, Inc.exit | −$9M |
| MRP Millrose Properties, Inc.exit | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $254M | 33 | +43.39% | +17.59% | +25.80% | -0.00B |
| 2025-12-31 | $193M | 52 | +31.81% | +17.72% | +14.09% | +0.12B |
| 2025-09-30 | $71M | 47 | +23.49% | +17.52% | +5.97% | +0.03B |
| 2025-06-30 | $41M | 3 | +32.53% | +14.94% | +17.59% | -0.37B |
| 2025-03-31 | $402M | 146 | +33.74% | +8.30% | +25.44% | +0.39B |
| 2024-12-31 | $10M | 4 | +81.10% | +24.89% | +56.21% | -2.27B |
| 2024-09-30 | $2.21B | 25 | +82.31% | +36.04% | +46.27% | +0.87B |
| 2024-06-30 | $1.29B | 64 | +62.38% | +24.49% | +37.89% | +1.13B |
| 2024-03-31 | $151M | 56 | +63.16% | +29.62% | +33.54% | +0.10B |
| 2023-12-31 | $30M | 9 | -1.79% | +26.18% | -27.97% | -1.14B |
| 2023-09-30 | $1.13B | 219 | -1.23% | +21.57% | -22.80% | -0.25B |
| 2023-06-30 | $1.48B | 212 | -0.86% | +19.42% | -20.29% | +0.11B |
| 2023-03-31 | $1.32B | 158 | -14.77% | -7.82% | -6.95% | +1.16B |
| 2022-12-31 | $168M | 27 | +4.06% | +7.56% | -3.50% | -0.05B |
| 2022-09-30 | $209M | 134 | -6.43% | -4.93% | -1.50% | +0.02B |
| 2022-06-30 | $199M | 132 | -11.23% | -16.11% | +4.88% | +0.02B |