Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.76%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.50%
baseline attrition
Rally response
-7.40%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $22M | 2.7% | — | 8.0 yr |
| AMZNAmazon.com, Inc. | $16M | 2.0% | +9.5% | 8.3 yr |
| RTXRTX Corporation | $16M | 2.0% | +48.1% | 6.0 yr |
| CCJCameco Corporation | $14M | 1.8% | +164.4% | 5.3 yr |
| LRCXLam Research Corporation | $14M | 1.7% | +196.1% | 0.8 yr |
| NVDANVIDIA Corporation | $14M | 1.7% | +60.9% | 7.5 yr |
| ASMLASML Holding N.V. | $13M | 1.6% | +100.9% | 4.0 yr |
| KLACKLA Corporation | $11M | 1.4% | +118.2% | 5.3 yr |
| AVGOBroadcom Inc. | $11M | 1.4% | +86.0% | 3.0 yr |
| ETREntergy Corporation | $11M | 1.4% | +35.0% | 3.3 yr |
| MSFTMicrosoft Corporation | $11M | 1.3% | -0.6% | 9.8 yr |
| AAPLApple Inc. | $11M | 1.3% | +14.7% | 10.5 yr |
| TSMTaiwan Semiconductor Man | $11M | 1.3% | +105.6% | 1.8 yr |
| VALValaris Limited | $10M | 1.3% | +149.7% | 2.3 yr |
| MPWRMonolithic Power Systems | $10M | 1.3% | +89.6% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors17.1%+14.2pp$138M
Unknown9.8%-1.2pp$79M
Aerospace & Defense6.0%+0.3pp$49M
Internet Content & Information3.9%+2.1pp$32M
Oil & Gas Equipment & Services3.9%+1.0pp$31M
Uranium3.2%+0.9pp$26M
Specialty Retail2.5%+1.8pp$20M
Biotechnology2.5%+0.5pp$20M
Asset Management2.4%-1.4pp$19M
Banks - Regional2.4%+1.1pp$19M
Country
US73.3%-0.6pp
Unknown9.8%-1.2pp
IN4.0%-3.4pp
CA3.5%+0.8pp
NL2.1%+1.3pp
GB1.6%+0.9pp
TW1.3%+1.2pp
BM1.3%+0.6pp
Top 5: 10.2% · Top 10: 17.7% · Top 25: 33.9%
Top buys this quarter · 15
| LEMONTREE.NS Lemon Tree Hotels Limitednew | +$70M |
| GOKEX.NS Gokaldas Exports Limited | +$52M |
| WABAG.NS VA Tech Wabag Limited | +$46M |
| INDHOTEL.NS The Indian Hotels Company Liminew | +$34M |
| VRT Vertiv Holdings Co | +$7M |
| 0285.HK BYD Electronic (International) | +$6M |
| AMAT Applied Materials, Inc. | +$6M |
| HPE Hewlett Packard Enterprise Com | +$6M |
| ADI Analog Devices, Inc. | +$6M |
| NDAQ Nasdaq, Inc. | +$4M |
Top sells this quarter · 15
| BEL.NS Bharat Electronics Limited | −$240M |
| INFY.NS Infosys Limitedexit | −$113M |
| TIMKEN.NS Timken India Limited | −$37M |
| SIS.NS SIS Limitedexit | −$11M |
| PANW Palo Alto Networks, Inc. | −$6M |
| MU Micron Technology, Inc. | −$3M |
| MSFT Microsoft Corporation | −$5M |
| CDNS Cadence Design Systems, Inc.exit | −$5M |
| SNPS Synopsys, Inc. | −$5M |
| ORCL Oracle Corporationexit | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $805M | 293 | +5.13% | +17.59% | -12.47% | +0.10B |
| 2025-12-31 | $781M | 304 | +8.86% | +17.72% | -8.86% | +0.04B |
| 2025-09-30 | $699M | 249 | -1.82% | +17.52% | -19.34% | +0.05B |
| 2025-06-30 | $673M | 283 | +4.18% | +14.94% | -10.76% | -0.06B |
| 2025-03-31 | $650M | 282 | +3.52% | +8.30% | -4.78% | -0.01B |
| 2024-12-31 | $711M | 281 | +12.80% | +24.89% | -12.09% | +0.03B |
| 2024-09-30 | $712M | 290 | +37.54% | +36.04% | +1.51% | -0.00B |
| 2024-06-30 | $695M | 270 | +44.94% | +24.49% | +20.45% | -0.11B |
| 2024-03-31 | $712M | 246 | +56.84% | +29.62% | +27.22% | +0.05B |
| 2023-12-31 | $653M | 232 | +56.55% | +26.18% | +30.37% | -0.03B |
| 2023-09-30 | $586M | 231 | +37.50% | +21.57% | +15.93% | -0.07B |
| 2023-06-30 | $605M | 234 | +33.74% | +19.42% | +14.32% | -0.08B |
| 2023-03-31 | $562M | 224 | -14.19% | -7.82% | -6.37% | +0.03B |
| 2022-12-31 | $525M | 219 | +3.02% | +7.56% | -4.54% | -0.02B |
| 2022-09-30 | $527M | 230 | +5.01% | -4.93% | +9.94% | -0.06B |
| 2022-06-30 | $562M | 267 | -21.80% | -16.11% | -5.68% | -0.00B |