Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.62%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.79%
baseline attrition
Rally response
-6.72%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $35M | 5.7% | +60.9% | 3.8 yr |
| GOOGLAlphabet Inc. | $25M | 4.1% | — | 10.3 yr |
| SPOTSpotify Technology S.A. | $25M | 4.0% | -11.8% | 3.3 yr |
| AAPLApple Inc. | $23M | 3.7% | +14.7% | 10.5 yr |
| AVGOBroadcom Inc. | $21M | 3.4% | +86.0% | 6.0 yr |
| MSFTMicrosoft Corporation | $16M | 2.5% | -0.6% | 10.5 yr |
| METAMeta Platforms, Inc. | $13M | 2.2% | -0.4% | 10.5 yr |
| LRCXLam Research Corporation | $13M | 2.1% | +196.1% | 0.8 yr |
| NFLXNetflix, Inc. | $12M | 1.9% | +3.1% | 2.8 yr |
| KLACKLA Corporation | $11M | 1.8% | +118.2% | 6.8 yr |
| NTBThe Bank of N.T. Butterf | $11M | 1.7% | +40.7% | 9.0 yr |
| AMZNAmazon.com, Inc. | $11M | 1.7% | +9.5% | 8.5 yr |
| TSMTaiwan Semiconductor Man | $11M | 1.7% | +105.6% | 8.8 yr |
| STSensata Technologies Hol | $11M | 1.7% | +47.4% | 3.8 yr |
| MNSTMonster Beverage Corpora | $10M | 1.6% | +23.8% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors17.0%+7.6pp$106M
Internet Content & Information10.7%+0.6pp$67M
Software - Infrastructure5.4%-5.9pp$34M
Consumer Electronics4.0%+0.7pp$25M
Banks - Diversified3.9%+1.4pp$24M
Specialty Retail3.6%-3.0pp$22M
Entertainment3.5%+1.1pp$22M
Financial - Data & Stock Exchanges2.5%-0.6pp$16M
Medical - Diagnostics & Research2.4%-1.0pp$15M
Insurance - Property & Casualty2.3%+1.5pp$14M
Country
US80.2%+2.3pp
LU4.1%+0.7pp
IL2.4%-3.2pp
GB2.3%+1.1pp
BM2.0%+0.2pp
TW1.7%+1.4pp
CN1.3%+0.0pp
HK1.0%+1.0pp
Top 5: 20.9% · Top 10: 31.3% · Top 25: 53.6%
Top buys this quarter · 15
| SPOT Spotify Technology S.A. | +$11M |
| MU Micron Technology, Inc.new | +$6M |
| FUTU Futu Holdings Limited | +$6M |
| ROL Rollins, Inc. | +$4M |
| AVGO Broadcom Inc. | +$4M |
| DLTR Dollar Tree, Inc.new | +$3M |
| FTI TechnipFMC plc | +$3M |
| GLBE Global-e Online Ltd.new | +$3M |
| T AT&T Inc. | +$3M |
| AMTM Amentum Holdings, Inc.new | +$2M |
Top sells this quarter · 15
| MLI Mueller Industries, Inc. | −$6M |
| EME EMCOR Group, Inc. | −$5M |
| PM Philip Morris International Inexit | −$4M |
| ADSK Autodesk, Inc.exit | −$4M |
| UBER Uber Technologies, Inc.exit | −$4M |
| GILD Gilead Sciences, Inc. | −$4M |
| WIX Wix.com Ltd. | −$3M |
| AZO AutoZone, Inc.exit | −$3M |
| ICLR ICON Public Limited Companyexit | −$3M |
| ACI Albertsons Companies, Inc.exit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $622M | 141 | +16.19% | +17.59% | -1.40% | +0.01B |
| 2025-12-31 | $647M | 137 | +17.67% | +17.72% | -0.05% | -0.02B |
| 2025-09-30 | $660M | 135 | +24.85% | +17.52% | +7.34% | +0.00B |
| 2025-06-30 | $614M | 140 | +28.44% | +14.94% | +13.50% | +0.04B |
| 2025-03-31 | $505M | 137 | +14.21% | +8.30% | +5.91% | -0.02B |
| 2024-12-31 | $547M | 134 | +28.73% | +24.89% | +3.85% | +0.01B |
| 2024-09-30 | $507M | 140 | +34.75% | +36.04% | -1.29% | -0.02B |
| 2024-06-30 | $478M | 136 | +19.85% | +24.49% | -4.64% | +0.01B |
| 2024-03-31 | $463M | 138 | +27.46% | +29.62% | -2.16% | -0.01B |
| 2023-12-31 | $436M | 147 | +23.98% | +26.18% | -2.19% | -0.23B |
| 2023-09-30 | $601M | 146 | +22.24% | +21.57% | +0.67% | -0.04B |
| 2023-06-30 | $650M | 143 | +18.28% | +19.42% | -1.14% | -0.02B |
| 2023-03-31 | $623M | 140 | -3.91% | -7.82% | +3.91% | -0.04B |
| 2022-12-31 | $625M | 135 | +9.91% | +7.56% | +2.35% | -0.03B |
| 2022-09-30 | $600M | 142 | -4.79% | -4.93% | +0.14% | +0.01B |
| 2022-06-30 | $623M | 143 | -13.00% | -16.11% | +3.11% | +0.03B |