Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.35%
trims when stocks drop
when a holding falls −10%+
Middle response
+6.13%
steady accumulation
Rally response
+2.41%
adds into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| XPEVXPeng Inc. | $574M | 87.9% | -17.4% | 5.8 yr |
| WBWeibo Corporation | $79M | 12.1% | +2.9% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Auto - Manufacturers87.9%-1.3pp$574M
Internet Content & Information12.1%+1.5pp$79M
Country
CN100.0%+0.2pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| XPEV | $723M | -0.13B | -17.4% |
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $653M | 2 | -15.49% | +17.59% | -33.08% | +0.00B |
| 2025-12-31 | $772M | 2 | +64.09% | +17.72% | +46.37% | +0.00B |
| 2025-09-30 | $897M | 2 | +84.26% | +17.52% | +66.74% | -0.00B |
| 2025-06-30 | $685M | 2 | +106.33% | +14.94% | +91.39% | -0.03B |
| 2025-03-31 | $810M | 3 | +118.46% | +8.30% | +110.15% | -0.08B |
| 2024-12-31 | $544M | 4 | +8.42% | +24.89% | -16.47% | +0.08B |
| 2024-09-30 | $481M | 4 | -1.97% | +36.04% | -38.00% | +0.29B |
| 2024-06-30 | $130M | 5 | -33.77% | +24.49% | -58.26% | -0.01B |
| 2024-03-31 | $154M | 6 | -43.50% | +29.62% | -73.13% | -0.19B |
| 2023-12-31 | $421M | 9 | -29.05% | +26.18% | -55.23% | +0.00B |
| 2023-09-30 | $478M | 9 | +4.38% | +21.57% | -17.19% | -0.02B |
| 2023-06-30 | $506M | 9 | -39.11% | +19.42% | -58.54% | -0.01B |
| 2023-03-31 | $650M | 9 | -22.32% | -7.82% | -14.51% | -0.03B |
| 2022-12-31 | $660M | 9 | +28.56% | +7.56% | +21.00% | +0.09B |
| 2022-09-30 | $442M | 7 | -42.24% | -4.93% | -37.31% | +0.03B |
| 2022-06-30 | $711M | 6 | +2.27% | -16.11% | +18.38% | -0.01B |