Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.28%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.06%
baseline attrition
Rally response
-7.29%
trims into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CVNACarvana Co. | $734M | 26.2% | +50.4% | 8.0 yr |
| APPAppLovin Corporation | $712M | 25.4% | +50.2% | 4.8 yr |
| CIGIColliers International G | $268M | 9.6% | -11.7% | 10.3 yr |
| — | $256M | 9.1% | — | 0.8 yr |
| DKNGDraftKings Inc. | $209M | 7.4% | -34.9% | 1.5 yr |
| WWayfair Inc. | $196M | 7.0% | +134.8% | 9.0 yr |
| GXOGXO Logistics, Inc. | $169M | 6.0% | +32.7% | 2.3 yr |
| CNMCore & Main, Inc. | $106M | 3.8% | +2.3% | 2.3 yr |
| CMPRCimpress plc | $89M | 3.2% | +61.4% | 6.3 yr |
| SRADSportradar Group AG | $46M | 1.6% | -22.6% | 1.5 yr |
| QXOQXO, Inc. | $16M | 0.6% | +43.4% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Application27.1%-1.2pp$758M
Auto - Dealerships26.2%-13.0pp$734M
Real Estate - Services9.6%+1.4pp$268M
Unknown9.1%$256M
Gambling, Resorts & Casinos7.4%+6.9pp$209M
Specialty Retail7.0%+3.4pp$196M
Integrated Freight & Logistics6.0%-2.6pp$169M
Industrial - Distribution4.4%-2.4pp$122M
Advertising Agencies3.2%-1.6pp$89M
Country
US76.4%-10.5pp
CA9.6%+1.4pp
Unknown9.1%
IE3.2%-1.6pp
CH1.6%
Top 5: 77.8% · Top 10: 99.4% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.80B | 11 | +45.39% | +17.59% | +27.80% | +0.31B |
| 2025-12-31 | $3.45B | 10 | +80.69% | +17.72% | +62.97% | -0.52B |
| 2025-09-30 | $3.87B | 10 | +144.19% | +17.52% | +126.67% | +0.08B |
| 2025-06-30 | $2.71B | 9 | +127.79% | +14.94% | +112.85% | +0.01B |
| 2025-03-31 | $1.93B | 9 | +86.86% | +8.30% | +78.56% | -0.52B |
| 2024-12-31 | $2.72B | 11 | +193.40% | +24.89% | +168.51% | -0.10B |
| 2024-09-30 | $2.04B | 10 | +144.67% | +36.04% | +108.64% | +0.06B |
| 2024-06-30 | $1.52B | 10 | +138.57% | +24.49% | +114.08% | -0.08B |
| 2024-03-31 | $1.39B | 11 | +250.99% | +29.62% | +221.36% | -0.41B |
| 2023-12-31 | $1.27B | 6 | +236.62% | +26.18% | +210.44% | -0.03B |
| 2023-09-30 | $1.12B | 6 | +122.81% | +21.57% | +101.24% | +0.01B |
| 2023-06-30 | $875M | 6 | +38.65% | +19.42% | +19.22% | +0.01B |
| 2023-03-31 | $511M | 5 | -64.68% | -7.82% | -56.86% | +0.00B |
| 2022-12-31 | $377M | 5 | -23.57% | +7.56% | -31.13% | -0.05B |
| 2022-09-30 | $555M | 7 | -20.85% | -4.93% | -15.92% | +0.01B |
| 2022-06-30 | $693M | 8 | -56.90% | -16.11% | -40.79% | -0.05B |