Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.37%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.66%
baseline attrition
Rally response
-17.23%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DVYiShares Select Dividend | $39M | 9.3% | — | 1.0 yr |
| DIAState Street SPDR Dow Jo | $35M | 8.2% | — | 2.8 yr |
| CORZCore Scientific, Inc. | $17M | 4.1% | +106.6% | 2.3 yr |
| MSFTMicrosoft Corporation | $15M | 3.5% | -0.6% | 4.8 yr |
| AMPXAmprius Technologies, In | $12M | 2.9% | +529.1% | 0.3 yr |
| AMZNAmazon.com, Inc. | $11M | 2.7% | +9.5% | 5.5 yr |
| MGMMGM Resorts Internationa | $11M | 2.5% | +24.9% | 5.3 yr |
| — | $10M | 2.5% | — | 2.8 yr |
| — | $9M | 2.2% | — | 0.5 yr |
| WULFTeraWulf Inc. | $9M | 2.1% | +428.6% | 1.5 yr |
| XHBState Street SPDR S&P Ho | $8M | 1.9% | — | 0.5 yr |
| AVAVAeroVironment, Inc. | $8M | 1.8% | +53.6% | 0.5 yr |
| MANEVeradermics, Incorporate | $8M | 1.8% | — | 0.3 yr |
| TAT&T Inc. | $8M | 1.8% | +5.9% | 3.5 yr |
| TTWOTake-Two Interactive Sof | $7M | 1.6% | -4.7% | 5.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management26.4%+14.2pp$112M
Software - Infrastructure8.2%-11.2pp$35M
Unknown8.1%+6.0pp$34M
Biotechnology5.5%+2.4pp$23M
Entertainment4.8%-2.7pp$20M
Communication Equipment3.6%+3.4pp$15M
Electrical Equipment & Parts3.2%+2.0pp$14M
Telecommunications Services3.2%-6.5pp$13M
Specialty Retail2.9%-4.3pp$12M
Gambling, Resorts & Casinos2.5%-3.1pp$11M
Country
US89.4%+1.8pp
Unknown8.1%+6.0pp
BM1.4%-1.8pp
DE0.5%+0.2pp
FI0.3%+0.2pp
CA0.3%
Top 5: 28.1% · Top 10: 40.1% · Top 25: 63.2%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CORZ | $15M | +0.02B | 106.6% |
| MSGS | $6M | +0.00B | 65.1% |
| GLNG | $7M | +0.00B | 45.8% |
| WULF | $1M | +0.00B | 428.6% |
| ARQT | $5M | +0.00B | 50.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $29M | -0.00B | -0.6% |
Top buys this quarter · 15
| AMPX Amprius Technologies, Inc.new | +$12M |
| MANE Veradermics, Incorporatednew | +$8M |
| ZM Zoom Communications, Inc. | +$6M |
| FEIM Frequency Electronics, Inc. | +$6M |
| AVAV AeroVironment, Inc. | +$5M |
| TTWO Take-Two Interactive Software, | +$5M |
| NFLX Netflix, Inc. | +$4M |
| CEG Constellation Energy Corporati | +$4M |
| VLO Valero Energy Corporationnew | +$4M |
| MGM MGM Resorts International | +$4M |
Top sells this quarter · 15
| LASR nLIGHT, Inc.exit | −$14M |
| MU Micron Technology, Inc. | −$12M |
| AMZN Amazon.com, Inc. | −$10M |
| UMAC Unusual Machines, Inc.exit | −$10M |
| SATS EchoStar Corporation | −$10M |
| LITE Lumentum Holdings Inc. | −$1M |
| C Citigroup Inc. | −$6M |
| LPTH LightPath Technologies, Inc. | −$4M |
| MSFT Microsoft Corporation | −$4M |
| NVDA NVIDIA Corporationexit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $422M | 117 | +47.24% | +17.59% | +29.65% | +0.06B |
| 2025-12-31 | $353M | 121 | +36.12% | +17.72% | +18.40% | +0.00B |
| 2025-09-30 | $331M | 122 | +33.98% | +17.52% | +16.46% | -0.06B |
| 2025-06-30 | $353M | 112 | +30.62% | +14.94% | +15.68% | +0.01B |
| 2025-03-31 | $281M | 101 | +9.04% | +8.30% | +0.74% | -0.05B |
| 2024-12-31 | $350M | 112 | +22.03% | +24.89% | -2.86% | -0.02B |
| 2024-09-30 | $350M | 114 | +30.12% | +36.04% | -5.92% | -0.00B |
| 2024-06-30 | $328M | 91 | +16.99% | +24.49% | -7.50% | +0.04B |
| 2024-03-31 | $287M | 104 | +25.43% | +29.62% | -4.20% | +0.04B |
| 2023-12-31 | $227M | 70 | +23.43% | +26.18% | -2.75% | -0.07B |
| 2023-09-30 | $267M | 90 | +13.98% | +21.57% | -7.59% | +0.02B |
| 2023-06-30 | $256M | 97 | +12.93% | +19.42% | -6.49% | -0.00B |
| 2023-03-31 | $238M | 96 | -22.48% | -7.82% | -14.66% | +0.09B |
| 2022-12-31 | $139M | 67 | +32.52% | -18.17% | +50.69% | -0.05B |
| 2022-09-30 | $179M | 137 | -4.08% | -4.93% | +0.85% | -0.05B |
| 2022-06-30 | $243M | 175 | -25.97% | -16.11% | -9.86% | +0.06B |