Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.49%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.06%
baseline attrition
Rally response
-9.63%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QQQInvesco QQQ Trust, Serie | $21M | 17.1% | — | 2.8 yr |
| ISRGIntuitive Surgical, Inc. | $11M | 8.9% | -6.9% | 3.0 yr |
| QLDProShares - Ultra QQQ | $6M | 5.3% | — | 3.0 yr |
| MSFTMicrosoft Corporation | $5M | 4.4% | -0.6% | 3.5 yr |
| AAPLApple Inc. | $5M | 4.1% | +14.7% | 4.3 yr |
| PANWPalo Alto Networks, Inc. | $5M | 3.9% | -6.0% | 0.8 yr |
| SHOPShopify Inc. | $5M | 3.8% | +24.2% | 0.5 yr |
| DASHDoorDash, Inc. | $5M | 3.7% | -17.8% | 0.5 yr |
| QCOMQUALCOMM Incorporated | $5M | 3.7% | -14.2% | 0.3 yr |
| MPWRMonolithic Power Systems | $4M | 3.7% | +89.6% | 0.5 yr |
| KLACKLA Corporation | $4M | 3.6% | +118.2% | 0.3 yr |
| ARMArm Holdings plc America | $4M | 3.6% | +41.7% | 0.3 yr |
| IWOiShares Russell 2000 Gro | $4M | 3.5% | — | 3.5 yr |
| AMATApplied Materials, Inc. | $4M | 3.5% | +137.6% | 0.3 yr |
| XOMExxon Mobil Corporation | $4M | 3.3% | +47.6% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management30.5%-10.7pp$37M
Semiconductors19.2%+15.2pp$23M
Software - Infrastructure9.0%+1.5pp$11M
Medical - Devices8.9%-1.4pp$11M
Internet Content & Information6.4%-0.4pp$8M
Consumer Electronics4.1%+0.1pp$5M
Software - Application3.8%-2.1pp$5M
Oil & Gas Integrated3.3%$4M
Specialty Retail2.8%-3.2pp$3M
Medical - Healthcare Plans1.7%$2M
Country
US88.8%-2.5pp
CA5.5%+3.3pp
GB3.8%
UY1.8%-0.4pp
Unknown0.1%-0.2pp
CN0.0%-1.9pp
Top 5: 39.7% · Top 10: 58.6% · Top 25: 90.9%
Top buys this quarter · 15
| QCOM QUALCOMM Incorporatednew | +$5M |
| KLAC KLA Corporationnew | +$4M |
| ARM Arm Holdings plc American Deponew | +$4M |
| AMAT Applied Materials, Inc.new | +$4M |
| XOM Exxon Mobil Corporationnew | +$4M |
| DASH DoorDash, Inc. | +$4M |
| MPWR Monolithic Power Systems, Inc. | +$3M |
| SHOP Shopify Inc. | +$3M |
| PANW Palo Alto Networks, Inc. | +$2M |
| UNH UnitedHealth Group Incorporatenew | +$2M |
Top sells this quarter · 15
| TSLA Tesla, Inc. | −$11M |
| AVGO Broadcom Inc. | −$7M |
| NVDA NVIDIA Corporation | −$6M |
| CCJ Cameco Corporation | −$3M |
| AMD Advanced Micro Devices, Inc. | −$2M |
| COST Costco Wholesale Corporation | −$2M |
| SPOT Spotify Technology S.A.exit | −$1M |
| IBKR Interactive Brokers Group, Incexit | −$1M |
| NFLX Netflix, Inc. | −$1M |
| AMBA Ambarella, Inc.exit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $121M | 66 | +33.67% | +17.59% | +16.08% | -0.06B |
| 2025-12-31 | $170M | 57 | +18.53% | +17.72% | +0.81% | +0.06B |
| 2025-09-30 | $109M | 73 | +25.52% | +17.52% | +8.00% | -0.00B |
| 2025-06-30 | $107M | 50 | +29.79% | +14.94% | +14.85% | -0.02B |
| 2025-03-31 | $109M | 47 | +18.09% | +8.30% | +9.79% | +0.03B |
| 2024-12-31 | $86M | 68 | +28.89% | +24.89% | +4.01% | -0.03B |
| 2024-09-30 | $108M | 36 | +43.81% | +36.04% | +7.77% | +0.05B |
| 2024-06-30 | $53M | 31 | +30.48% | +24.49% | +5.99% | -0.02B |
| 2024-03-31 | $63M | 23 | +37.76% | +29.62% | +8.14% | -0.06B |
| 2023-12-31 | $118M | 101 | +51.77% | +26.18% | +25.59% | +0.07B |
| 2023-09-30 | $44M | 30 | -0.21% | -3.22% | +3.01% | -0.04B |
| 2023-06-30 | $86M | 44 | +14.52% | +8.68% | +5.84% | +0.01B |
| 2023-03-31 | $67M | 35 | +11.63% | +7.46% | +4.17% | -0.24B |
| 2022-12-31 | $276M | 53 | — | — | — | +0.24B |
| 2016-06-30 | $33M | 21 | — | — | — | +0.00B |
| 2016-03-31 | $32M | 23 | — | — | — | -0.02B |