Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-28.40%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.97%
baseline attrition
Rally response
-30.21%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $76M | 22.6% | -0.6% | 7.0 yr |
| GLDSPDR Gold Shares | $32M | 9.6% | — | 8.8 yr |
| TSLATesla, Inc. | $23M | 6.9% | +43.4% | 7.8 yr |
| SPYState Street SPDR S&P 50 | $21M | 6.1% | +17.6% | 8.3 yr |
| BEBloom Energy Corporation | $20M | 6.0% | +589.2% | 0.5 yr |
| AVGOBroadcom Inc. | $16M | 4.7% | +86.0% | 2.5 yr |
| MSTRStrategy Inc | $14M | 4.2% | -56.7% | 2.0 yr |
| BABAAlibaba Group Holding Li | $13M | 4.0% | -3.5% | 9.5 yr |
| NVDANVIDIA Corporation | $11M | 3.3% | +60.9% | 6.5 yr |
| GDXVanEck Gold Miners ETF | $9M | 2.8% | — | 8.8 yr |
| IBITiShares Bitcoin Trust ET | $9M | 2.6% | — | 2.0 yr |
| VSNTVVersant Media Group, Inc | $7M | 2.1% | — | 0.3 yr |
| ORCLOracle Corporation | $7M | 2.0% | +5.9% | 1.8 yr |
| MARAMarathon Digital Holding | $6M | 1.8% | -29.0% | 4.0 yr |
| BAThe Boeing Company | $4M | 1.3% | +16.7% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure25.4%+22.1pp$85M
Asset Management24.6%+9.4pp$83M
Semiconductors8.8%-25.1pp$29M
Auto - Manufacturers7.8%+7.3pp$26M
Electrical Equipment & Parts6.4%+6.3pp$21M
Specialty Retail6.3%-4.2pp$21M
Software - Application5.1%+2.6pp$17M
Financial - Capital Markets3.6%+1.4pp$12M
Entertainment2.4%+1.1pp$8M
Aerospace & Defense1.3%-1.3pp$4M
Country
US92.6%+0.6pp
CN5.3%-1.2pp
IE0.9%+0.7pp
Unknown0.4%-0.3pp
DE0.2%
AU0.2%
GB0.1%+0.0pp
CA0.1%-0.0pp
Top 5: 51.3% · Top 10: 70.2% · Top 25: 88.0%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$53M |
| AVGO Broadcom Inc. | +$14M |
| BABA Alibaba Group Holding Limited | +$8M |
| ORCL Oracle Corporation | +$6M |
| MARA Marathon Digital Holdings, Inc | +$4M |
| BA The Boeing Company | +$4M |
| UNH UnitedHealth Group Incorporate | +$2M |
| DJT Trump Media & Technology Group | +$1M |
| RIVN Rivian Automotive, Inc. | +$1M |
| BE Bloom Energy Corporation | +$1M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$112M |
| AAPL Apple Inc. | −$62M |
| AMZN Amazon.com, Inc. | −$52M |
| GOOG Alphabet Inc. | −$51M |
| SPY State Street SPDR S&P 500 ETF | −$36M |
| MSTR Strategy Inc | −$31M |
| COIN Coinbase Global, Inc. | −$24M |
| PLTR Palantir Technologies Inc. | −$23M |
| TSLA Tesla, Inc. | −$17M |
| META Meta Platforms, Inc. | −$17M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $337M | 150 | +19.61% | +17.59% | +2.02% | -0.42B |
| 2025-12-31 | $837M | 182 | +31.00% | +17.72% | +13.28% | +0.60B |
| 2025-09-30 | $236M | 136 | +49.26% | +17.52% | +31.75% | +0.06B |
| 2025-06-30 | $167M | 128 | +43.09% | +14.94% | +28.15% | -0.06B |
| 2025-03-31 | $188M | 157 | +25.84% | +8.30% | +17.54% | -0.41B |
| 2024-12-31 | $601M | 146 | +37.35% | +24.89% | +12.46% | +0.36B |
| 2024-09-30 | $215M | 121 | +28.55% | +36.04% | -7.49% | -0.17B |
| 2024-06-30 | $373M | 161 | +19.12% | +24.49% | -5.37% | +0.10B |
| 2024-03-31 | $252M | 208 | +19.36% | +29.62% | -10.27% | -0.31B |
| 2023-12-31 | $519M | 171 | +21.62% | +26.18% | -4.56% | +0.38B |
| 2023-09-30 | $131M | 139 | +11.41% | +21.57% | -10.16% | -0.02B |
| 2023-06-30 | $161M | 116 | -9.73% | +19.42% | -29.15% | -0.07B |
| 2023-03-31 | $211M | 119 | -39.36% | -7.82% | -31.54% | +0.04B |
| 2022-12-31 | $151M | 150 | -47.78% | -18.17% | -29.61% | +0.00B |
| 2022-09-30 | $152M | 142 | -40.29% | -15.51% | -24.78% | +0.01B |
| 2022-06-30 | $178M | 151 | -10.99% | -10.62% | -0.36% | +0.02B |