Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-14.30%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.32%
baseline attrition
Rally response
-5.16%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMZNAmazon.com, Inc. | $39M | 14.5% | +9.5% | 8.3 yr |
| METAMeta Platforms, Inc. | $32M | 12.0% | -0.4% | 6.5 yr |
| NVDANVIDIA Corporation | $30M | 11.3% | +60.9% | 5.3 yr |
| VSTVistra Corp. | $29M | 10.8% | +28.7% | 2.5 yr |
| AVGOBroadcom Inc. | $13M | 4.8% | +86.0% | 2.0 yr |
| — | $13M | 4.7% | — | 0.8 yr |
| GOOGLAlphabet Inc. | $10M | 3.8% | — | 1.3 yr |
| QQQInvesco QQQ Trust, Serie | $9M | 3.5% | — | 1.5 yr |
| — | $9M | 3.2% | — | 1.5 yr |
| FIGRFigure Technology Soluti | $9M | 3.2% | — | 0.8 yr |
| BEBloom Energy Corporation | $8M | 3.1% | +589.2% | 0.5 yr |
| APPAppLovin Corporation | $7M | 2.7% | +50.2% | 1.8 yr |
| RHLDResolute Holdings Manage | $6M | 2.4% | +417.9% | 0.3 yr |
| BAThe Boeing Company | $6M | 2.4% | +16.7% | 2.0 yr |
| SEISolaris Energy Infrastru | $6M | 2.3% | +163.1% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors18.1%-0.7pp$49M
Internet Content & Information15.8%+4.5pp$43M
Specialty Retail14.5%+4.3pp$39M
Independent Power Producers10.8%+3.4pp$29M
Unknown9.8%+3.4pp$26M
Oil & Gas Equipment & Services4.6%$12M
Asset Management3.5%-0.6pp$9M
Financial - Capital Markets3.2%$9M
Electrical Equipment & Parts3.1%-5.0pp$8M
Software - Infrastructure3.1%-7.1pp$8M
Country
US90.1%+1.2pp
Unknown9.8%+3.4pp
IN0.1%-0.0pp
Top 5: 53.5% · Top 10: 71.8% · Top 25: 97.4%
Top buys this quarter · 11
| AMZN Amazon.com, Inc. | +$8M |
| META Meta Platforms, Inc. | +$7M |
| RHLD Resolute Holdings Management, new | +$6M |
| LITE Lumentum Holdings Inc.new | +$5M |
| PLTR Palantir Technologies Inc. | +$3M |
| APLD Applied Digital Corporationnew | +$1M |
| AVGO Broadcom Inc. | +$13M |
| OCUL Ocular Therapeutix, Inc. | +$1M |
| GOOGL Alphabet Inc. | +$0M |
| — new | +$0M |
Top sells this quarter · 15
| MSFT Microsoft Corporation | −$21M |
| SOLV Solventum Corporation | −$15M |
| APP AppLovin Corporation | −$10M |
| SEI Solaris Energy Infrastructure, | −$8M |
| SXT Sensient Technologies Corporatexit | −$8M |
| BE Bloom Energy Corporation | −$7M |
| VST Vistra Corp. | −$24M |
| BA The Boeing Company | −$7M |
| ORCL Oracle Corporationexit | −$7M |
| MP MP Materials Corp.exit | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $269M | 35 | +38.70% | +17.59% | +21.11% | -0.06B |
| 2025-12-31 | $364M | 38 | +26.61% | +17.72% | +8.89% | +0.18B |
| 2025-09-30 | $185M | 29 | +37.33% | +17.52% | +19.82% | -0.04B |
| 2025-06-30 | $204M | 28 | +32.07% | +14.94% | +17.13% | -0.21B |
| 2025-03-31 | $310M | 32 | +3.32% | +8.30% | -4.99% | -0.23B |
| 2024-12-31 | $652M | 39 | +49.38% | +24.89% | +24.49% | +0.25B |
| 2024-09-30 | $371M | 32 | +62.86% | +36.04% | +26.83% | +0.02B |
| 2024-06-30 | $327M | 35 | +57.96% | +24.49% | +33.47% | +0.13B |
| 2024-03-31 | $188M | 39 | +81.71% | +29.62% | +52.08% | +0.01B |
| 2023-12-31 | $153M | 42 | +79.70% | +26.18% | +53.52% | -0.00B |
| 2023-09-30 | $132M | 32 | +42.92% | +21.57% | +21.35% | +0.06B |
| 2023-06-30 | $72M | 30 | +44.10% | +19.42% | +24.68% | +0.03B |
| 2023-03-31 | $37M | 21 | -9.80% | -7.82% | -1.98% | -0.11B |
| 2022-12-31 | $125M | 28 | -5.45% | +7.56% | -13.01% | +0.08B |
| 2022-09-30 | $42M | 23 | +6.21% | -4.93% | +11.14% | -0.08B |
| 2022-06-30 | $119M | 32 | -23.94% | -16.11% | -7.83% | +0.01B |