Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.58%
adds when stocks drop
when a holding falls −10%+
Middle response
-8.94%
baseline attrition
Rally response
-14.96%
trims into rallies
when a holding rises +10%+
Top positions · 21
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TLNTalen Energy Corporation | $72M | 7.6% | +59.9% | 1.3 yr |
| UBERUber Technologies, Inc. | $71M | 7.5% | -1.3% | 1.5 yr |
| DHRDanaher Corporation | $67M | 7.1% | -7.1% | 0.5 yr |
| VVisa Inc. | $67M | 7.0% | -13.1% | 10.5 yr |
| TSMTaiwan Semiconductor Man | $61M | 6.5% | +105.6% | 0.5 yr |
| FNDFloor & Decor Holdings, | $59M | 6.2% | -36.9% | 7.3 yr |
| MSFTMicrosoft Corporation | $59M | 6.2% | -0.6% | 1.0 yr |
| ESEESCO Technologies Inc. | $51M | 5.4% | +77.1% | 0.3 yr |
| MIRMirion Technologies, Inc | $46M | 4.8% | +28.2% | 0.8 yr |
| MAMastercard Incorporated | $45M | 4.8% | -8.5% | 3.8 yr |
| ABNBAirbnb, Inc. | $45M | 4.8% | +5.7% | 3.3 yr |
| PLNTPlanet Fitness, Inc. | $45M | 4.7% | -23.0% | 2.3 yr |
| CMGChipotle Mexican Grill, | $44M | 4.7% | -36.2% | 3.3 yr |
| UUnity Software Inc. | $44M | 4.6% | +12.0% | 0.5 yr |
| ASMLASML Holding N.V. | $43M | 4.6% | +100.9% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application15.6%+5.4pp$147M
Financial - Credit Services11.8%+1.0pp$112M
Semiconductors11.1%+4.7pp$105M
Independent Power Producers7.6%+5.1pp$72M
Restaurants7.5%-2.5pp$71M
Medical - Diagnostics & Research7.1%-0.3pp$67M
Home Improvement6.2%-9.1pp$59M
Software - Infrastructure6.2%$59M
Hardware, Equipment & Parts5.4%$51M
Industrial - Machinery4.8%$46M
Country
US82.8%+5.3pp
TW6.5%
NL4.6%+2.4pp
SG3.5%
IN1.5%-2.8pp
GB1.1%
Top 5: 35.7% · Top 10: 63.1% · Top 25: 100.0%
Top buys this quarter · 15
| ESE ESCO Technologies Inc.new | +$51M |
| TSM Taiwan Semiconductor Manufactu | +$29M |
| TLN Talen Energy Corporation | +$29M |
| FCX Freeport-McMoRan Inc.new | +$24M |
| MSFT Microsoft Corporation | +$20M |
| U Unity Software Inc. | +$44M |
| CNM Core & Main, Inc.new | +$20M |
| UBER Uber Technologies, Inc. | +$17M |
| DHR Danaher Corporation | +$17M |
| PLNT Planet Fitness, Inc. | +$45M |
Top sells this quarter · 13
| LOW Lowe's Companies, Inc.exit | −$57M |
| ENTG Entegris, Inc.exit | −$51M |
| EQT EQT Corporationexit | −$45M |
| CPNG Coupang, Inc.exit | −$42M |
| EXE Expand Energy Corporationexit | −$38M |
| AMZN Amazon.com, Inc.exit | −$31M |
| ASML ASML Holding N.V. | −$26M |
| DKNG DraftKings Inc.exit | −$24M |
| CMG Chipotle Mexican Grill, Inc. | −$12M |
| FND Floor & Decor Holdings, Inc. | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $947M | 21 | +0.54% | +17.59% | -17.05% | -0.13B |
| 2025-12-31 | $1.22B | 26 | +10.00% | +17.72% | -7.72% | -0.16B |
| 2025-09-30 | $1.39B | 25 | +7.27% | +17.52% | -10.24% | -0.14B |
| 2025-06-30 | $1.50B | 25 | +10.13% | +14.94% | -4.81% | -0.25B |
| 2025-03-31 | $1.56B | 23 | -3.09% | +8.30% | -11.39% | -0.02B |
| 2024-12-31 | $1.64B | 22 | +8.87% | +24.89% | -16.02% | +0.17B |
| 2024-09-30 | $1.52B | 18 | +24.89% | +36.04% | -11.15% | -0.17B |
| 2024-06-30 | $1.61B | 18 | +13.01% | +24.49% | -11.48% | -0.11B |
| 2024-03-31 | $1.74B | 17 | +23.90% | +29.62% | -5.72% | +0.00B |
| 2023-12-31 | $1.60B | 16 | +27.96% | +26.18% | +1.78% | -0.13B |
| 2023-09-30 | $1.55B | 16 | +24.41% | +21.57% | +2.84% | -0.02B |
| 2023-06-30 | $1.66B | 16 | +23.70% | +19.42% | +4.27% | +0.03B |
| 2023-03-31 | $1.50B | 15 | -3.98% | -7.82% | +3.84% | -0.07B |
| 2022-12-31 | $1.40B | 14 | +8.05% | +7.56% | +0.49% | -0.09B |
| 2022-09-30 | $1.38B | 13 | -5.92% | -4.93% | -0.99% | +0.01B |
| 2022-06-30 | $1.46B | 16 | -15.82% | -16.11% | +0.29% | -0.02B |