Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-12.80%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.76%
baseline attrition
Rally response
-4.83%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VRTVertiv Holdings Co | $167M | 26.3% | +247.5% | 3.0 yr |
| LLYEli Lilly and Company | $38M | 6.0% | +12.2% | 3.8 yr |
| ISRGIntuitive Surgical, Inc. | $26M | 4.2% | -6.9% | 8.5 yr |
| SATSEchoStar Corporation | $21M | 3.4% | +357.7% | 1.5 yr |
| STXSeagate Technology Holdi | $21M | 3.3% | +366.3% | 0.8 yr |
| MTZMasTec, Inc. | $19M | 2.9% | +175.7% | 1.3 yr |
| NFLXNetflix, Inc. | $17M | 2.7% | +3.1% | 9.3 yr |
| CIENCiena Corporation | $17M | 2.7% | +542.4% | 0.8 yr |
| BWXTBWX Technologies, Inc. | $17M | 2.7% | +108.6% | 4.0 yr |
| TERNTerns Pharmaceuticals, I | $16M | 2.5% | — | 0.5 yr |
| TEVATeva Pharmaceutical Indu | $14M | 2.3% | +96.0% | 1.0 yr |
| NETCloudflare, Inc. | $13M | 2.1% | +83.1% | 5.5 yr |
| GOOGAlphabet Inc. | $12M | 2.0% | +84.3% | 3.5 yr |
| COGTCogent Biosciences, Inc. | $11M | 1.8% | +542.6% | 0.5 yr |
| ORKAOruka Therapeutics, Inc. | $11M | 1.8% | +378.1% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Electrical Equipment & Parts26.3%+20.9pp$167M
Biotechnology13.3%+8.6pp$84M
Aerospace & Defense8.0%+3.7pp$50M
Communication Equipment6.0%+5.2pp$38M
Drug Manufacturers - General6.0%+1.7pp$38M
Computer Hardware4.9%+2.3pp$31M
Medical - Devices4.2%-10.1pp$26M
Engineering & Construction2.9%$19M
Internet Content & Information2.9%-6.5pp$18M
Entertainment2.7%-1.1pp$17M
Country
US88.6%+8.8pp
SG3.3%
IL2.3%-1.7pp
Unknown2.1%-1.7pp
UY1.2%-1.2pp
GB1.1%-1.7pp
CA0.9%+0.1pp
FR0.5%
Top 5: 43.1% · Top 10: 56.6% · Top 25: 80.4%
Top buys this quarter · 15
| ORKA Oruka Therapeutics, Inc.new | +$11M |
| WDC Western Digital Corporationnew | +$10M |
| VRT Vertiv Holdings Co | +$8M |
| KRMN Karman Holdings Inc.new | +$7M |
| SATS EchoStar Corporation | +$7M |
| CLH Clean Harbors, Inc. | +$5M |
| SITM SiTime Corporationnew | +$5M |
| LASR nLIGHT, Inc.new | +$4M |
| MAZE Maze Therapeutics, Inc.new | +$3M |
| HUT.TO Hut 8 Mining Corp.new | +$3M |
Top sells this quarter · 15
| MDGL Madrigal Pharmaceuticals, Inc.exit | −$18M |
| SHOP Shopify Inc.exit | −$15M |
| META Meta Platforms, Inc. | −$15M |
| TSLA Tesla, Inc.exit | −$11M |
| UTHR United Therapeutics Corporatio | −$11M |
| AXSM Axsome Therapeutics, Inc.exit | −$9M |
| CSL Carlisle Companies Incorporateexit | −$8M |
| COGT Cogent Biosciences, Inc. | −$8M |
| AMZN Amazon.com, Inc. | −$8M |
| TLN Talen Energy Corporation | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $634M | 52 | +57.38% | +17.59% | +39.79% | -0.13B |
| 2025-12-31 | $705M | 63 | +32.11% | +17.72% | +14.39% | -0.51B |
| 2025-09-30 | $1.16B | 74 | +29.40% | +17.52% | +11.88% | +0.11B |
| 2025-06-30 | $957M | 56 | +26.58% | +14.94% | +11.64% | +0.15B |
| 2025-03-31 | $644M | 52 | +2.12% | +8.30% | -6.19% | -0.06B |
| 2024-12-31 | $772M | 73 | +29.06% | +24.89% | +4.17% | -0.18B |
| 2024-09-30 | $931M | 73 | +44.64% | +36.04% | +8.61% | +0.00B |
| 2024-06-30 | $860M | 74 | +23.60% | +24.49% | -0.89% | -0.04B |
| 2024-03-31 | $892M | 79 | +32.45% | +29.62% | +2.82% | +0.08B |
| 2023-12-31 | $703M | 69 | +11.16% | +26.18% | -15.02% | -0.10B |
| 2023-09-30 | $702M | 69 | +0.29% | +21.57% | -21.28% | -0.03B |
| 2023-06-30 | $796M | 70 | +19.47% | +19.42% | +0.04% | +0.10B |
| 2023-03-31 | $642M | 69 | -13.36% | -7.82% | -5.54% | +0.01B |
| 2022-12-31 | $655M | 57 | +3.72% | +7.56% | -3.84% | -0.26B |
| 2022-09-30 | $884M | 61 | +9.67% | -4.93% | +14.60% | +0.04B |
| 2022-06-30 | $766M | 55 | -21.49% | -16.11% | -5.38% | -0.06B |