Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.24%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.80%
baseline attrition
Rally response
-5.57%
trims into rallies
when a holding rises +10%+
Top positions · 13
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $1.63B | 28.6% | +60.9% | 3.8 yr |
| METAMeta Platforms, Inc. | $1.12B | 19.6% | -0.4% | 8.0 yr |
| UBERUber Technologies, Inc. | $573M | 10.1% | -1.3% | 6.8 yr |
| TSMTaiwan Semiconductor Man | $462M | 8.1% | +105.6% | 1.5 yr |
| MSFTMicrosoft Corporation | $438M | 7.7% | -0.6% | 8.0 yr |
| AMZNAmazon.com, Inc. | $435M | 7.6% | +9.5% | 8.0 yr |
| CRWVCoreWeave, Inc. Class A | $349M | 6.1% | +108.9% | 1.0 yr |
| SNOWSnowflake Inc. | $291M | 5.1% | +3.2% | 5.8 yr |
| ARMArm Holdings plc America | $260M | 4.6% | +41.7% | 1.0 yr |
| AXONAxon Enterprise, Inc. | $63M | 1.1% | -19.3% | 0.3 yr |
| HOODRobinhood Markets, Inc. | $62M | 1.1% | +66.5% | 1.3 yr |
| AVGOBroadcom Inc. | $21M | 0.4% | +86.0% | 1.3 yr |
| — | $0M | 0.0% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors41.6%+24.4pp$2.37B
Internet Content & Information19.6%-3.5pp$1.12B
Software - Application15.2%-1.9pp$864M
Software - Infrastructure13.8%-3.1pp$787M
Specialty Retail7.6%-3.9pp$435M
Aerospace & Defense1.1%$63M
Financial - Capital Markets1.1%-1.3pp$62M
Unknown0.0%-2.6pp$0M
Country
US87.3%-4.9pp
TW8.1%
GB4.6%+4.2pp
Unknown0.0%-2.6pp
Top 5: 74.0% · Top 10: 98.5% · Top 25: 100.0%
Top buys this quarter · 8
| NVDA NVIDIA Corporation | +$216M |
| UBER Uber Technologies, Inc. | +$171M |
| CRWV CoreWeave, Inc. Class A Common | +$100M |
| ARM Arm Holdings plc American Depo | +$93M |
| AXON Axon Enterprise, Inc.new | +$63M |
| META Meta Platforms, Inc. | +$1.12B |
| TSM Taiwan Semiconductor Manufactu | +$49M |
| AVGO Broadcom Inc. | +$11M |
Top sells this quarter · 11
| GOOGL Alphabet Inc.exit | −$0M |
| CPNG Coupang, Inc.exit | −$296M |
| CFLT Confluent, Inc.exit | −$215M |
| MELI MercadoLibre, Inc.exit | −$118M |
| Z Zillow Group, Inc. Class Cexit | −$91M |
| SHOP Shopify Inc.exit | −$68M |
| BE Bloom Energy Corporationexit | −$35M |
| MSFT Microsoft Corporation | −$35M |
| HOOD Robinhood Markets, Inc. | −$27M |
| AMZN Amazon.com, Inc. | −$26M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.70B | 13 | +25.79% | +17.59% | +8.20% | -0.24B |
| 2025-12-31 | $6.66B | 18 | +30.19% | +17.72% | +12.48% | -0.52B |
| 2025-09-30 | $7.58B | 23 | +49.90% | +17.52% | +32.39% | +0.21B |
| 2025-06-30 | $6.93B | 18 | +39.77% | +14.94% | +24.83% | -0.03B |
| 2025-03-31 | $4.97B | 22 | -2.62% | +8.30% | -10.92% | -0.15B |
| 2024-12-31 | $5.55B | 24 | +10.07% | +24.89% | -14.81% | -1.82B |
| 2024-09-30 | $6.75B | 23 | +23.38% | +36.04% | -12.65% | +0.08B |
| 2024-06-30 | $6.73B | 20 | +15.15% | +24.49% | -9.34% | +0.38B |
| 2024-03-31 | $6.51B | 17 | +42.87% | +29.62% | +13.25% | +0.22B |
| 2023-12-31 | $6.02B | 11 | +59.63% | +26.18% | +33.45% | -0.42B |
| 2023-09-30 | $5.27B | 11 | +13.97% | +21.57% | -7.60% | +0.15B |
| 2023-06-30 | $5.53B | 11 | +37.00% | +19.42% | +17.58% | +0.01B |
| 2023-03-31 | $4.55B | 11 | -27.21% | -7.82% | -19.39% | +0.29B |
| 2022-12-31 | $3.65B | 11 | -12.75% | +7.56% | -20.31% | -0.43B |
| 2022-09-30 | $4.68B | 16 | +11.21% | -4.93% | +16.14% | -0.19B |
| 2022-06-30 | $4.38B | 15 | -35.66% | -16.11% | -19.55% | -0.08B |