Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.89%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.23%
steady accumulation
Rally response
-4.50%
trims into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NETCloudflare, Inc. | $235M | 19.2% | +83.1% | 5.0 yr |
| SHOPShopify Inc. | $196M | 16.0% | +24.2% | 7.5 yr |
| AXONAxon Enterprise, Inc. | $169M | 13.8% | -19.3% | 3.3 yr |
| AMZNAmazon.com, Inc. | $144M | 11.8% | +9.5% | 7.5 yr |
| TSMTaiwan Semiconductor Man | $115M | 9.4% | +105.6% | 2.0 yr |
| DDOGDatadog, Inc. | $86M | 7.1% | +19.0% | 5.5 yr |
| METAMeta Platforms, Inc. | $86M | 7.0% | -0.4% | 7.5 yr |
| NUNu Holdings Ltd. | $62M | 5.0% | +40.3% | 0.5 yr |
| CRWDCrowdStrike Holdings, In | $56M | 4.6% | +10.7% | 4.0 yr |
| ALABAstera Labs, Inc. Common | $39M | 3.2% | +83.7% | 0.3 yr |
| TSLATesla, Inc. | $36M | 2.9% | +43.4% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure23.8%+7.9pp$291M
Software - Application23.1%-5.3pp$282M
Aerospace & Defense13.8%-6.6pp$169M
Semiconductors12.6%+7.0pp$154M
Specialty Retail11.8%-2.3pp$144M
Internet Content & Information7.0%-4.9pp$86M
Banks - Diversified5.0%$62M
Auto - Manufacturers2.9%-0.8pp$36M
Country
US69.5%-3.7pp
CA16.0%+0.3pp
TW9.4%+3.8pp
BR5.0%
Top 5: 70.3% · Top 10: 97.1% · Top 25: 100.0%
Top buys this quarter · 11
| ALAB Astera Labs, Inc. Common Stocknew | +$39M |
| NET Cloudflare, Inc. | +$20M |
| AXON Axon Enterprise, Inc. | +$169M |
| NU Nu Holdings Ltd. | +$62M |
| SHOP Shopify Inc. | +$196M |
| CRWD CrowdStrike Holdings, Inc. | +$56M |
| AMZN Amazon.com, Inc. | +$144M |
| TSLA Tesla, Inc. | +$36M |
| TSM Taiwan Semiconductor Manufactu | +$1M |
| DDOG Datadog, Inc. | +$86M |
Top sells this quarter · 1
| MNDY monday.com Ltd.exit | −$15M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.22B | 11 | +27.99% | +17.59% | +10.40% | +0.05B |
| 2025-12-31 | $1.36B | 11 | +31.59% | +17.72% | +13.88% | -0.08B |
| 2025-09-30 | $1.51B | 10 | +66.60% | +17.52% | +49.08% | -0.17B |
| 2025-06-30 | $1.49B | 10 | +51.21% | +14.94% | +36.27% | +0.02B |
| 2025-03-31 | $1.07B | 10 | +12.48% | +8.30% | +4.18% | -0.02B |
| 2024-12-31 | $1.23B | 10 | +42.12% | +24.89% | +17.24% | -0.14B |
| 2024-09-30 | $1.14B | 11 | +54.07% | +36.04% | +18.03% | +0.09B |
| 2024-06-30 | $1.02B | 10 | +48.26% | +24.49% | +23.77% | +0.01B |
| 2024-03-31 | $985M | 9 | +71.62% | +29.62% | +41.99% | -0.04B |
| 2023-12-31 | $920M | 10 | +98.13% | +26.18% | +71.95% | -0.02B |
| 2023-09-30 | $717M | 9 | +26.72% | +21.57% | +5.16% | +0.00B |
| 2023-06-30 | $723M | 8 | +26.14% | +19.42% | +6.72% | -0.02B |
| 2023-03-31 | $626M | 8 | -35.69% | -7.82% | -27.87% | -0.00B |
| 2022-12-31 | $488M | 7 | -16.45% | +7.56% | -24.01% | -0.00B |
| 2022-09-30 | $586M | 7 | -1.41% | -4.93% | +3.52% | +0.02B |
| 2022-06-30 | $573M | 7 | -39.59% | -16.11% | -23.48% | +0.07B |