Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.10%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.70%
baseline attrition
Rally response
-26.02%
trims into rallies
when a holding rises +10%+
Top positions · 23
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| UUnity Software Inc. | $58M | 11.8% | +12.0% | 1.3 yr |
| AVGOBroadcom Inc. | $57M | 11.6% | +86.0% | 0.3 yr |
| NVDANVIDIA Corporation | $56M | 11.4% | +60.9% | 1.3 yr |
| LITELumentum Holdings Inc. | $52M | 10.5% | +1027.3% | 1.0 yr |
| ORCLOracle Corporation | $51M | 10.4% | +5.9% | 0.8 yr |
| ATATAtour Lifestyle Holdings | $30M | 6.0% | +32.6% | 0.5 yr |
| COHRCoherent, Inc. | $27M | 5.4% | +266.8% | 1.0 yr |
| CLSCelestica Inc. | $26M | 5.3% | +257.4% | 1.5 yr |
| GDSGDS Holdings Limited | $18M | 3.6% | +59.1% | 0.3 yr |
| RIOTRiot Platforms, Inc. | $18M | 3.6% | +73.6% | 0.5 yr |
| HSAIHesai Group | $17M | 3.4% | +29.2% | 0.3 yr |
| — | $14M | 2.8% | — | 0.3 yr |
| BEBloom Energy Corporation | $14M | 2.8% | +589.2% | 0.5 yr |
| JOYYJOYY, Inc. Sponsored ADR | $10M | 2.1% | +49.5% | 0.8 yr |
| RLRalph Lauren Corporation | $10M | 2.0% | +57.2% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors23.0%$114M
Communication Equipment13.7%$67M
Software - Application11.8%-59.3pp$58M
Hardware, Equipment & Parts10.8%-4.0pp$53M
Software - Infrastructure10.4%$51M
Travel Lodging6.0%$30M
Information Technology Services3.6%$18M
Financial - Capital Markets3.6%$18M
Auto - Parts3.4%$17M
Unknown2.8%$14M
Country
US76.8%-8.4pp
CN13.0%
CA5.3%-9.4pp
Unknown2.8%
SG2.1%
Top 5: 55.7% · Top 10: 79.7% · Top 25: 100.0%
Top buys this quarter · 12
| AVGO Broadcom Inc.new | +$57M |
| GDS GDS Holdings Limitednew | +$18M |
| HSAI Hesai Groupnew | +$17M |
| CIEN Ciena Corporationnew | +$9M |
| CLS Celestica Inc. | +$9M |
| LOW Lowe's Companies, Inc.new | +$4M |
| VFC V.F. Corporationnew | +$3M |
| AEO American Eagle Outfitters, Incnew | +$3M |
| JOYY JOYY, Inc. Sponsored ADR Class | +$10M |
| RIOT Riot Platforms, Inc. | +$0M |
Top sells this quarter · 13
| LITE Lumentum Holdings Inc. | −$84M |
| COHR Coherent, Inc. | −$52M |
| CRWV CoreWeave, Inc. Class A Commonexit | −$17M |
| BE Bloom Energy Corporation | −$14M |
| LEVI Levi Strauss & Co.exit | −$8M |
| DKS DICK'S Sporting Goods, Inc.exit | −$7M |
| NKE NIKE, Inc.exit | −$6M |
| URBN Urban Outfitters, Inc.exit | −$5M |
| WMT Walmart Inc. | −$4M |
| BOOT Boot Barn Holdings, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $493M | 23 | +151.06% | +17.59% | +133.47% | -0.07B |
| 2025-12-31 | $558M | 20 | +157.81% | +17.72% | +140.09% | +0.06B |
| 2025-09-30 | $359M | 15 | +94.75% | +17.52% | +77.24% | -0.06B |
| 2025-06-30 | $321M | 13 | +53.59% | +14.94% | +38.65% | +0.11B |
| 2025-03-31 | $148M | 4 | +2.94% | -4.27% | +7.20% | -0.06B |
| 2024-12-31 | $198M | 4 | +3.91% | +2.49% | +1.42% | -0.14B |
| 2024-09-30 | $326M | 9 | +2.02% | +5.75% | -3.73% | -0.11B |
| 2024-06-30 | $425M | 13 | — | — | — | — |