Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.77%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.04%
steady accumulation
Rally response
-7.48%
trims into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ROPRoper Technologies, Inc. | $2.65B | 28.4% | -39.7% | 0.5 yr |
| FNFFidelity National Financ | $969M | 10.4% | -26.0% | 5.3 yr |
| AMZNAmazon.com, Inc. | $824M | 8.8% | +9.5% | 6.0 yr |
| EXPEExpedia Group, Inc. | $793M | 8.5% | +38.5% | 2.0 yr |
| TSMTaiwan Semiconductor Man | $751M | 8.0% | +105.6% | 3.5 yr |
| SGISomnigroup International | $608M | 6.5% | +24.4% | 1.3 yr |
| TDGTransDigm Group Incorpor | $591M | 6.3% | -10.5% | 9.0 yr |
| MCOMoody's Corporation | $581M | 6.2% | -5.6% | 9.8 yr |
| NVDANVIDIA Corporation | $567M | 6.1% | +60.9% | 1.5 yr |
| — | $534M | 5.7% | — | 1.5 yr |
| SAPSAP SE | $473M | 5.1% | -35.8% | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application33.5%+28.5pp$3.13B
Semiconductors14.1%-3.3pp$1.32B
Insurance - Specialty10.4%-3.8pp$969M
Specialty Retail8.8%-2.4pp$824M
Travel Services8.5%+0.6pp$793M
Household & Personal Products6.5%-2.8pp$608M
Aerospace & Defense6.3%-8.6pp$591M
Financial - Data & Stock Exchanges6.2%-0.8pp$581M
Unknown5.7%+2.5pp$534M
Country
US81.2%+0.9pp
TW8.0%+1.4pp
Unknown5.7%+2.5pp
DE5.1%+1.0pp
Top 5: 64.1% · Top 10: 94.9% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $9.34B | 11 | +7.62% | +17.59% | -9.97% | +1.27B |
| 2025-12-31 | $9.32B | 13 | +22.46% | +17.72% | +4.74% | +1.09B |
| 2025-09-30 | $7.99B | 11 | +24.22% | +17.52% | +6.71% | +0.10B |
| 2025-06-30 | $7.30B | 12 | +22.97% | +14.94% | +8.03% | -0.15B |
| 2025-03-31 | $6.67B | 13 | +15.79% | +8.30% | +7.49% | -0.04B |
| 2024-12-31 | $6.82B | 12 | +35.85% | +24.89% | +10.96% | -1.04B |
| 2024-09-30 | $7.52B | 12 | +59.83% | +36.04% | +23.79% | -0.62B |
| 2024-06-30 | $7.60B | 12 | +41.40% | +24.49% | +16.91% | -0.04B |
| 2024-03-31 | $7.28B | 13 | +48.89% | +29.62% | +19.26% | -0.34B |
| 2023-12-31 | $6.59B | 13 | +42.86% | +26.18% | +16.69% | -0.17B |
| 2023-09-30 | $5.50B | 13 | +18.78% | +21.57% | -2.79% | +0.26B |
| 2023-06-30 | $5.52B | 14 | +23.39% | +19.42% | +3.97% | +0.35B |
| 2023-03-31 | $4.68B | 11 | -18.47% | -7.82% | -10.65% | +0.09B |
| 2022-12-31 | $4.14B | 13 | +2.21% | +7.56% | -5.35% | -1.97B |
| 2022-09-30 | $5.97B | 12 | -1.56% | -4.93% | +3.37% | +1.28B |
| 2022-06-30 | $4.76B | 9 | -26.93% | -16.11% | -10.82% | +1.29B |