Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.40%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.86%
steady accumulation
Rally response
-8.16%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ACIOAptus Collared Income Op | $43M | 8.2% | — | 4.5 yr |
| MELIMercadoLibre, Inc. | $37M | 7.0% | -11.4% | 3.5 yr |
| DASHDoorDash, Inc. | $30M | 5.7% | -17.8% | 2.0 yr |
| CIENCiena Corporation | $27M | 5.2% | +542.4% | 1.8 yr |
| KVYOKlaviyo, Inc. | $24M | 4.5% | -35.7% | 1.3 yr |
| RBRKRubrik, Inc. | $23M | 4.4% | -19.7% | 1.5 yr |
| SESea Limited | $22M | 4.1% | -36.5% | 4.3 yr |
| SPYState Street SPDR S&P 50 | $21M | 3.9% | +17.6% | 8.8 yr |
| DDOGDatadog, Inc. | $20M | 3.8% | +19.0% | 1.0 yr |
| — | $18M | 3.5% | — | 0.3 yr |
| IOTSamsara Inc. | $18M | 3.3% | -17.3% | 0.8 yr |
| DRSKAptus Defined Risk ETF | $17M | 3.2% | — | 2.5 yr |
| JAAAJanus Henderson AAA CLO | $17M | 3.2% | — | 1.5 yr |
| AFRMAffirm Holdings, Inc. | $15M | 2.8% | +1.4% | 0.5 yr |
| SNOWSnowflake Inc. | $15M | 2.8% | +3.2% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure21.9%+5.9pp$115M
Asset Management18.3%-10.1pp$96M
Specialty Retail12.4%+1.3pp$65M
Software - Application9.6%-4.2pp$51M
Asset Management - Income8.2%-1.7pp$43M
Internet Content & Information7.7%+4.3pp$40M
Communication Equipment5.2%+4.3pp$27M
Unknown3.5%$18M
Financial - Capital Markets2.7%$14M
Electronic Gaming & Multimedia2.2%$12M
Country
US83.4%+0.8pp
UY7.0%+2.7pp
SG4.1%
Unknown3.5%
KZ1.9%-2.0pp
CA0.2%
TW0.0%
Top 5: 30.6% · Top 10: 50.2% · Top 25: 83.6%
Top buys this quarter · 15
| APGE Apogee Therapeutics, Inc.new | +$18M |
| HOOD Robinhood Markets, Inc.new | +$14M |
| DASH DoorDash, Inc. | +$14M |
| SNOW Snowflake Inc. | +$13M |
| AFRM Affirm Holdings, Inc. | +$12M |
| DDOG Datadog, Inc. | +$12M |
| RBRK Rubrik, Inc. | +$9M |
| IOT Samsara Inc. | +$8M |
| TTAN ServiceTitan, Inc.new | +$7M |
| CRWV CoreWeave, Inc. Class A Commonnew | +$7M |
Top sells this quarter · 15
| CFLT Confluent, Inc.exit | −$24M |
| GTLB GitLab Inc.exit | −$20M |
| DKNG DraftKings Inc.exit | −$20M |
| CPNG Coupang, Inc.exit | −$18M |
| MNDY monday.com Ltd.exit | −$16M |
| CIEN Ciena Corporation | −$23M |
| KSPI Joint Stock Company Kaspi.kz | −$11M |
| HUBS HubSpot, Inc.exit | −$7M |
| DUOL Duolingo, Inc.exit | −$6M |
| SE Sea Limited | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $527M | 73 | +2.24% | +17.59% | -15.35% | -0.00B |
| 2025-12-31 | $630M | 76 | +20.92% | +17.72% | +3.20% | +0.11B |
| 2025-09-30 | $525M | 74 | +37.90% | +17.52% | +20.38% | -0.01B |
| 2025-06-30 | $507M | 68 | +38.49% | +14.94% | +23.55% | +0.02B |
| 2025-03-31 | $412M | 66 | +27.02% | +8.30% | +18.72% | +0.01B |
| 2024-12-31 | $408M | 78 | +33.63% | +24.89% | +8.74% | -0.02B |
| 2024-09-30 | $385M | 75 | +26.75% | +36.04% | -9.29% | -0.05B |
| 2024-06-30 | $415M | 77 | +26.92% | +24.49% | +2.43% | +0.06B |
| 2024-03-31 | $329M | 77 | +26.83% | +29.62% | -2.80% | -0.02B |
| 2023-12-31 | $328M | 83 | +26.97% | +26.18% | +0.79% | -0.01B |
| 2023-09-30 | $316M | 88 | +19.51% | +21.57% | -2.05% | +0.04B |
| 2023-06-30 | $260M | 86 | +16.65% | +19.42% | -2.77% | -0.01B |
| 2023-03-31 | $255M | 95 | -7.81% | -7.82% | +0.01% | -0.03B |
| 2022-12-31 | $268M | 89 | -16.32% | -18.17% | +1.86% | +0.01B |
| 2022-09-30 | $255M | 108 | -7.06% | -15.51% | +8.45% | +0.04B |
| 2022-06-30 | $206M | 127 | -9.10% | -10.62% | +1.52% | +0.04B |