Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.29%
trims when stocks drop
when a holding falls −10%+
Middle response
-13.72%
baseline attrition
Rally response
-15.21%
trims into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HCAHCA Healthcare, Inc. | $36M | 68.3% | +37.9% | 1.3 yr |
| GLBEGlobal-e Online Ltd. | $10M | 18.6% | -13.5% | 4.8 yr |
| AFRMAffirm Holdings, Inc. | $6M | 11.9% | +1.4% | 5.0 yr |
| NAVNNavan, Inc. | $0M | 0.9% | — | 0.3 yr |
| GBTGGlobal Business Travel G | $0M | 0.2% | -23.1% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Medical - Care Facilities68.3%+51.3pp$36M
Specialty Retail18.6%+10.2pp$10M
Software - Infrastructure11.9%-5.6pp$6M
Software - Application1.2%-42.3pp$1M
Country
US81.4%-10.2pp
IL18.6%+10.2pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GLBE | $82M | -0.01B | -13.5% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $52M | 5 | +4.06% | +17.59% | -13.53% | -0.01B |
| 2025-12-31 | $71M | 7 | -9.26% | +17.72% | -26.98% | -0.29B |
| 2025-09-30 | $331M | 6 | +3.80% | +17.52% | -13.71% | -0.78B |
| 2025-06-30 | $1.07B | 8 | +5.95% | +14.94% | -8.99% | +0.05B |
| 2025-03-31 | $970M | 7 | -10.38% | +8.30% | -18.69% | -0.27B |
| 2024-12-31 | $1.62B | 7 | +21.69% | +24.89% | -3.20% | -0.43B |
| 2024-09-30 | $1.65B | 7 | +0.89% | +36.04% | -35.15% | +0.15B |
| 2024-06-30 | $1.42B | 7 | -12.52% | +24.49% | -37.01% | -0.01B |
| 2024-03-31 | $1.60B | 7 | +19.64% | +29.62% | -9.99% | -0.40B |
| 2023-12-31 | $1.92B | 8 | +54.43% | +26.18% | +28.25% | -0.43B |
| 2023-09-30 | $2.28B | 9 | +35.50% | +21.57% | +13.93% | -0.14B |
| 2023-06-30 | $2.63B | 9 | +58.94% | +19.42% | +39.51% | -0.15B |
| 2023-03-31 | $2.28B | 9 | -15.20% | -7.82% | -7.38% | +0.13B |
| 2022-12-31 | $1.61B | 9 | -9.70% | +7.56% | -17.26% | -0.04B |
| 2022-09-30 | $1.82B | 9 | +7.88% | -4.93% | +12.81% | +0.22B |
| 2022-06-30 | $1.48B | 8 | -35.01% | -16.11% | -18.90% | +0.43B |