Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.84%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.38%
baseline attrition
Rally response
+1.44%
adds into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CVNACarvana Co. | $115M | 39.0% | +50.4% | 7.8 yr |
| AMZNAmazon.com, Inc. | $53M | 17.9% | +9.5% | 10.5 yr |
| METAMeta Platforms, Inc. | $26M | 8.7% | -0.4% | 9.5 yr |
| GOOGLAlphabet Inc. | $25M | 8.3% | — | 6.5 yr |
| APPAppLovin Corporation | $19M | 6.6% | +50.2% | 1.0 yr |
| ZGZillow Group, Inc. Class | $15M | 5.1% | -38.1% | 10.5 yr |
| GDSGDS Holdings Limited | $12M | 3.9% | +59.1% | 6.0 yr |
| NVDANVIDIA Corporation | $9M | 3.1% | +60.9% | 3.0 yr |
| NFLXNetflix, Inc. | $9M | 3.0% | +3.1% | 6.5 yr |
| — | $9M | 3.0% | — | 2.3 yr |
| ACVAACV Auctions Inc. | $4M | 1.3% | -69.9% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Auto - Dealerships40.3%+7.9pp$119M
Internet Content & Information22.2%-2.2pp$65M
Specialty Retail17.9%-3.2pp$53M
Software - Application6.6%+3.8pp$19M
Information Technology Services3.9%+1.1pp$12M
Semiconductors3.1%+0.9pp$9M
Entertainment3.0%-0.3pp$9M
Unknown3.0%-4.3pp$9M
Country
US93.1%+4.8pp
CN3.9%-0.5pp
Unknown3.0%-4.3pp
Top 5: 80.6% · Top 10: 98.7% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $294M | 11 | +13.09% | +17.59% | -4.50% | -0.00B |
| 2025-12-31 | $378M | 12 | +36.54% | +17.72% | +18.82% | +0.00B |
| 2025-09-30 | $365M | 12 | +48.47% | +17.52% | +30.96% | +0.00B |
| 2025-06-30 | $338M | 14 | +61.90% | +14.94% | +46.96% | -0.00B |
| 2025-03-31 | $261M | 14 | +36.38% | +8.30% | +28.07% | -0.00B |
| 2024-12-31 | $279M | 16 | +76.98% | +24.89% | +52.10% | +0.00B |
| 2024-09-30 | $245M | 17 | +87.63% | +36.04% | +51.59% | -0.00B |
| 2024-06-30 | $213M | 16 | +63.25% | +24.49% | +38.75% | -0.00B |
| 2024-03-31 | $195M | 15 | +74.09% | +29.62% | +44.46% | +0.01B |
| 2023-12-31 | $148M | 14 | +63.40% | +26.18% | +37.22% | -0.01B |
| 2023-09-30 | $134M | 16 | +25.22% | +21.57% | +3.65% | +0.02B |
| 2023-06-30 | $118M | 15 | +16.00% | +19.42% | -3.43% | +0.02B |
| 2023-03-31 | $85M | 13 | -32.12% | -7.82% | -24.30% | -0.00B |
| 2022-12-31 | $74M | 12 | -8.78% | +7.56% | -16.34% | -0.00B |
| 2022-09-30 | $83M | 13 | -6.38% | -4.93% | -1.45% | +0.00B |
| 2022-06-30 | $85M | 13 | -31.23% | -16.11% | -15.12% | -0.02B |