Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.42%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.20%
baseline attrition
Rally response
-9.78%
trims into rallies
when a holding rises +10%+
Top positions · 10
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FIGRFigure Technology Soluti | $134M | 50.4% | — | 0.8 yr |
| CHYMChime Financial, Inc. Cl | $86M | 32.4% | — | 1.0 yr |
| LYELLyell Immunopharma, Inc. | $15M | 5.7% | — | 0.8 yr |
| XPEVXPeng Inc. | $13M | 5.0% | -17.4% | 3.5 yr |
| PDDPDD Holdings Inc. | $12M | 4.4% | -13.7% | 3.5 yr |
| — | $3M | 1.2% | — | 0.3 yr |
| IBITiShares Bitcoin Trust ET | $2M | 0.7% | — | 0.8 yr |
| — | $0M | 0.2% | — | 0.8 yr |
| ETHAiShares Ethereum Trust E | $0M | 0.1% | — | 0.8 yr |
| VIAVia Transportation, Inc. | $0M | 0.1% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Financial - Capital Markets50.4%$134M
Banks - Regional32.4%$86M
Biotechnology5.7%$15M
Auto - Manufacturers5.0%-33.2pp$13M
Specialty Retail4.4%-22.5pp$12M
Unknown1.4%-8.5pp$4M
Asset Management0.8%$2M
Software - Application0.1%$0M
Country
US89.3%
CN5.0%-52.9pp
IE4.4%-15.5pp
Unknown1.4%-8.5pp
Top 5: 97.7% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 2
| IBIT iShares Bitcoin Trust ETF | +$0M |
| — new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $267M | 10 | -28.94% | +17.59% | -46.53% | -0.16B |
| 2025-12-31 | $534M | 9 | +12.10% | +17.72% | -5.62% | -0.00B |
| 2025-09-30 | $468M | 9 | -1.84% | +17.52% | -19.36% | +0.28B |
| 2025-06-30 | $236M | 8 | +50.25% | +14.94% | +35.30% | +0.16B |
| 2025-03-31 | $83M | 7 | +57.51% | +8.30% | +49.21% | -0.00B |
| 2024-12-31 | $69M | 7 | +27.20% | +24.89% | +2.31% | -0.08B |
| 2024-09-30 | $149M | 11 | +36.38% | +36.04% | +0.34% | -0.01B |
| 2024-06-30 | $132M | 12 | +26.92% | +24.49% | +2.43% | -0.05B |
| 2024-03-31 | $177M | 12 | +21.15% | +29.62% | -8.47% | -0.03B |
| 2023-12-31 | $205M | 14 | +39.53% | +26.18% | +13.35% | +0.00B |
| 2023-09-30 | $189M | 14 | +12.53% | -3.22% | +15.76% | -0.03B |
| 2023-06-30 | $193M | 11 | -2.71% | +8.68% | -11.39% | +0.01B |
| 2023-03-31 | $191M | 14 | +18.33% | +7.46% | +10.87% | -0.03B |
| 2022-12-31 | $188M | 15 | — | — | — | +0.18B |
| 2019-03-31 | $10M | 1 | — | — | — | +0.00B |
| 2018-12-31 | $7M | 1 | — | — | — | -0.00B |