Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.01%
adds when stocks drop
when a holding falls −10%+
Middle response
-17.27%
baseline attrition
Rally response
-26.78%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MUMicron Technology, Inc. | $38M | 20.7% | — | 0.5 yr |
| TSLATesla, Inc. | $22M | 11.7% | — | 0.5 yr |
| ZGZillow Group, Inc. Class | $16M | 8.4% | — | 0.5 yr |
| LGIHLGI Homes, Inc. | $14M | 7.8% | — | 0.5 yr |
| RYNRayonier Inc. | $14M | 7.4% | — | 0.5 yr |
| CCOICogent Communications Ho | $13M | 7.0% | — | 0.5 yr |
| MTNVail Resorts, Inc. | $7M | 3.7% | — | 0.5 yr |
| FORForestar Group Inc. | $6M | 3.4% | — | 0.5 yr |
| CCSCentury Communities, Inc | $6M | 3.3% | — | 0.5 yr |
| BZHBeazer Homes USA, Inc. | $6M | 3.2% | — | 0.5 yr |
| WYWeyerhaeuser Company | $4M | 2.1% | — | 0.5 yr |
| GFSGLOBALFOUNDRIES Inc. | $4M | 2.1% | — | 0.3 yr |
| AXONAxon Enterprise, Inc. | $4M | 2.0% | — | 0.3 yr |
| TSMTaiwan Semiconductor Man | $2M | 1.2% | — | 0.5 yr |
| VECOVeeco Instruments Inc. | $2M | 0.9% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors27.1%$50M
Residential Construction14.7%$27M
Auto - Manufacturers11.7%$22M
Internet Content & Information8.4%$16M
REIT - Specialty7.8%$15M
Telecommunications Services7.1%$13M
Gambling, Resorts & Casinos3.7%$7M
Real Estate - Development3.5%$7M
Paper, Lumber & Forest Products2.1%$4M
Aerospace & Defense2.0%$4M
Country
US95.2%
TW1.3%
CN1.1%
SG0.8%
Unknown0.6%
GB0.5%
CA0.2%
IE0.2%
Top 5: 55.9% · Top 10: 76.5% · Top 25: 91.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| RYN Rayonier Inc. | +$11M |
| ZG Zillow Group, Inc. Class A | +$16M |
| GFS GLOBALFOUNDRIES Inc.new | +$4M |
| AXON Axon Enterprise, Inc.new | +$4M |
| LGIH LGI Homes, Inc. | +$3M |
| CCOI Cogent Communications Holdings | +$3M |
| VECO Veeco Instruments Inc.new | +$2M |
| WOLF Wolfspeed, Inc.new | +$2M |
| CSGP CoStar Group, Inc. | +$1M |
| SE Sea Limitednew | +$1M |
Top sells this quarter · 15
| BEKE KE Holdings Inc. | −$16M |
| MU Micron Technology, Inc. | −$13M |
| TRU TransUnion | −$2M |
| ENPH Enphase Energy, Inc. | −$2M |
| EFX Equifax Inc. | −$1M |
| FOR Forestar Group Inc. | −$1M |
| MSGS Madison Square Garden Sports C | −$1M |
| ABNB Airbnb, Inc. | −$1M |
| FMC FMC Corporationexit | −$1M |
| ARE Alexandria Real Estate Equitie | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $186M | 87 | -4.52% | -4.37% | -0.15% | +0.00B |
| 2025-12-31 | $193M | 77 | — | — | — | — |