Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-17.85%
trims when stocks drop
when a holding falls −10%+
Middle response
-22.28%
baseline attrition
Rally response
-36.65%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MUMicron Technology, Inc. | $35M | 4.0% | +289.6% | 1.3 yr |
| TSLATesla, Inc. | $33M | 3.8% | +43.4% | 2.3 yr |
| GOOGLAlphabet Inc. | $30M | 3.4% | — | 2.3 yr |
| MSFTMicrosoft Corporation | $26M | 3.0% | -0.6% | 2.8 yr |
| AMZNAmazon.com, Inc. | $19M | 2.2% | +9.5% | 2.8 yr |
| WMTWalmart Inc. | $19M | 2.1% | +42.8% | 2.0 yr |
| CVXChevron Corporation | $14M | 1.6% | +29.2% | 2.0 yr |
| WBDWarner Bros. Discovery, | $13M | 1.5% | +155.9% | 0.5 yr |
| XLEState Street Energy Sele | $13M | 1.5% | — | 1.8 yr |
| HYGiShares iBoxx $ High Yie | $12M | 1.4% | — | 1.8 yr |
| MSTRStrategy Inc | $12M | 1.3% | -56.7% | 0.8 yr |
| GOOGAlphabet Inc. | $11M | 1.3% | +84.3% | 2.5 yr |
| HONHoneywell International | $11M | 1.2% | +9.0% | 2.3 yr |
| EAElectronic Arts Inc. | $10M | 1.1% | +41.7% | 2.0 yr |
| BNDVanguard Total Bond Mark | $9M | 1.0% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management9.5%-0.8pp$83M
Software - Application6.2%+0.1pp$54M
Semiconductors6.1%-2.5pp$54M
Internet Content & Information5.9%-2.3pp$51M
Biotechnology5.3%+3.6pp$46M
Software - Infrastructure4.5%+2.0pp$39M
Auto - Manufacturers4.4%+3.3pp$39M
Specialty Retail3.6%+0.8pp$32M
Asset Management - Bonds3.4%+2.3pp$30M
Entertainment2.1%+1.3pp$19M
Country
US84.8%-4.3pp
CA3.8%+1.8pp
GB1.9%-0.3pp
Unknown1.7%+1.0pp
CN1.0%+0.4pp
CH0.8%+0.7pp
SG0.7%+0.7pp
IE0.7%-0.1pp
Top 5: 16.3% · Top 10: 24.3% · Top 25: 37.7%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GOOG | $23M | +0.02B | 84.3% |
| HOOD | $7M | +0.00B | 66.5% |
| TSLA | $10M | +0.00B | 43.4% |
| ROST | $5M | +0.00B | 71.2% |
| AMZN | $16M | +0.00B | 9.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| TEAM | $1M | -0.00B | -67.8% |
Top buys this quarter · 15
| TSLA Tesla, Inc. | +$31M |
| MU Micron Technology, Inc. | +$21M |
| CVX Chevron Corporation | +$10M |
| MSFT Microsoft Corporation | +$10M |
| MSTR Strategy Inc | +$10M |
| WMT Walmart Inc. | +$9M |
| WBD Warner Bros. Discovery, Inc. | +$8M |
| SHOP Shopify Inc. | +$5M |
| TEAM Atlassian Corporation | +$4M |
| AG First Majestic Silver Corp. | +$4M |
Top sells this quarter · 15
| AAPL Apple Inc. | −$62M |
| NVDA NVIDIA Corporationexit | −$26M |
| ISRG Intuitive Surgical, Inc. | −$22M |
| XOM Exxon Mobil Corporation | −$20M |
| AMZN Amazon.com, Inc. | −$17M |
| GOOG Alphabet Inc. | −$16M |
| TMUS T-Mobile US, Inc. | −$13M |
| DHR Danaher Corporation | −$13M |
| META Meta Platforms, Inc. | −$11M |
| BAC Bank of America Corporation | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $876M | 708 | +26.53% | +17.59% | +8.94% | -0.28B |
| 2025-12-31 | $1.20B | 651 | +27.28% | +17.72% | +9.57% | -0.08B |
| 2025-09-30 | $1.25B | 592 | +31.02% | +17.52% | +13.50% | +0.29B |
| 2025-06-30 | $835M | 1140 | +20.66% | +14.94% | +5.71% | -0.14B |
| 2025-03-31 | $877M | 1096 | +9.15% | +8.30% | +0.84% | -0.09B |
| 2024-12-31 | $995M | 1157 | +18.48% | +24.89% | -6.41% | +0.08B |
| 2024-09-30 | $870M | 1140 | +23.99% | +36.04% | -12.05% | -0.13B |
| 2024-06-30 | $942M | 1101 | +15.71% | +24.49% | -8.78% | +0.52B |
| 2024-03-31 | $416M | 1209 | +26.11% | +29.62% | -3.51% | +0.06B |
| 2023-12-31 | $335M | 920 | +37.27% | +26.18% | +11.09% | +0.11B |
| 2023-09-30 | $203M | 886 | -1.20% | -3.22% | +2.02% | -0.11B |
| 2023-06-30 | $312M | 767 | +9.88% | +8.68% | +1.20% | +0.15B |
| 2023-03-31 | $150M | 487 | +14.81% | +7.46% | +7.35% | +0.01B |
| 2022-12-31 | $126M | 482 | — | — | — | — |