Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-29.65%
trims when stocks drop
when a holding falls −10%+
Middle response
-37.07%
baseline attrition
Rally response
+0.47%
adds into rallies
when a holding rises +10%+
Top positions · 29
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MUMicron Technology, Inc. | $265M | 19.1% | +289.6% | 2.8 yr |
| LRCXLam Research Corporation | $174M | 12.6% | +196.1% | 0.8 yr |
| LITELumentum Holdings Inc. | $149M | 10.7% | +1027.3% | 0.5 yr |
| TERTeradyne, Inc. | $135M | 9.8% | +260.2% | 0.3 yr |
| BEBloom Energy Corporation | $133M | 9.6% | +589.2% | 1.5 yr |
| WDCWestern Digital Corporat | $93M | 6.7% | +571.9% | 1.3 yr |
| STXSeagate Technology Holdi | $81M | 5.9% | +366.3% | 0.8 yr |
| NVDANVIDIA Corporation | $63M | 4.5% | +60.9% | 6.0 yr |
| GOOGAlphabet Inc. | $41M | 2.9% | +84.3% | 3.5 yr |
| FUTUFutu Holdings Limited | $38M | 2.7% | +33.6% | 1.5 yr |
| SATSEchoStar Corporation | $28M | 2.0% | +357.7% | 0.5 yr |
| GLWCorning Incorporated | $23M | 1.7% | +201.5% | 0.3 yr |
| AMZNAmazon.com, Inc. | $18M | 1.3% | +9.5% | 5.0 yr |
| INTCIntel Corporation | $16M | 1.1% | +94.3% | 1.0 yr |
| COHRCoherent, Inc. | $15M | 1.1% | +266.8% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors49.9%+41.5pp$692M
Communication Equipment12.8%$177M
Computer Hardware12.6%$175M
Electrical Equipment & Parts9.6%+8.5pp$133M
Hardware, Equipment & Parts3.7%+3.3pp$52M
Internet Content & Information3.7%-10.8pp$52M
Financial - Capital Markets2.7%-5.6pp$38M
Specialty Retail1.3%-49.9pp$18M
Auto - Manufacturers1.0%$13M
Asset Management0.8%+0.4pp$11M
Country
US90.2%+64.5pp
SG6.5%-9.4pp
HK2.7%-5.6pp
GB0.4%
NL0.1%
CN0.0%-25.9pp
Top 5: 61.7% · Top 10: 84.5% · Top 25: 99.2%
Top buys this quarter · 15
| TER Teradyne, Inc.new | +$135M |
| MU Micron Technology, Inc. | +$58M |
| LITE Lumentum Holdings Inc. | +$24M |
| GLW Corning Incorporatednew | +$23M |
| SATS EchoStar Corporation | +$21M |
| COHR Coherent, Inc.new | +$15M |
| MTSI MACOM Technology Solutions Holnew | +$14M |
| LRCX Lam Research Corporation | +$14M |
| TSLA Tesla, Inc. | +$10M |
| INTC Intel Corporation | +$7M |
Top sells this quarter · 15
| SNDK Sandisk Corporation | −$296M |
| AVGO Broadcom Inc. | −$214M |
| NVDA NVIDIA Corporation | −$174M |
| WDC Western Digital Corporation | −$143M |
| MSFT Microsoft Corporation | −$135M |
| AMZN Amazon.com, Inc. | −$62M |
| STX Seagate Technology Holdings pl | −$45M |
| FUTU Futu Holdings Limited | −$36M |
| GOOG Alphabet Inc. | −$22M |
| BE Bloom Energy Corporation | −$98M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.39B | 29 | +82.36% | +17.59% | +64.77% | -1.25B |
| 2025-12-31 | $2.19B | 30 | +42.25% | +17.72% | +24.53% | -1.05B |
| 2025-09-30 | $3.13B | 32 | +46.29% | +17.52% | +28.78% | +0.06B |
| 2025-06-30 | $2.57B | 36 | +24.45% | +14.94% | +9.51% | +1.13B |
| 2025-03-31 | $1.18B | 21 | +8.29% | +8.30% | -0.02% | -0.89B |
| 2024-12-31 | $2.20B | 45 | +23.11% | +24.89% | -1.78% | +0.33B |
| 2024-09-30 | $1.76B | 35 | +46.17% | +36.04% | +10.13% | -0.20B |
| 2024-06-30 | $1.93B | 20 | +43.37% | +24.49% | +18.88% | -1.10B |
| 2024-03-31 | $2.85B | 27 | +57.77% | +29.62% | +28.14% | +0.50B |
| 2023-12-31 | $2.20B | 28 | +61.36% | +26.18% | +35.18% | +0.49B |
| 2023-09-30 | $1.36B | 20 | +24.99% | +21.57% | +3.42% | -1.54B |
| 2023-06-30 | $2.90B | 26 | +21.05% | +19.42% | +1.62% | +1.39B |
| 2023-03-31 | $1.29B | 18 | -19.95% | -7.82% | -12.13% | +0.39B |
| 2022-12-31 | $824M | 19 | -2.20% | +7.56% | -9.76% | +0.54B |
| 2022-09-30 | $290M | 18 | -3.46% | -4.93% | +1.47% | -0.15B |
| 2022-06-30 | $453M | 23 | -22.42% | -16.11% | -6.31% | -0.01B |