Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.59%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.42%
baseline attrition
Rally response
-0.05%
trims into rallies
when a holding rises +10%+
Top positions · 17
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DASHDoorDash, Inc. | $4.74B | 51.6% | -17.8% | 5.5 yr |
| CARTInstacart (Maplebear Inc | $1.05B | 11.4% | -6.1% | 2.8 yr |
| PDDPDD Holdings Inc. | $903M | 9.8% | -13.7% | 7.8 yr |
| — | $720M | 7.8% | — | 0.8 yr |
| UUnity Software Inc. | $698M | 7.6% | +12.0% | 5.8 yr |
| FIGFigma, Inc. | $565M | 6.2% | — | 0.8 yr |
| BBIOBridgeBio Pharma, Inc. | $138M | 1.5% | +114.8% | 7.0 yr |
| YMMFull Truck Alliance Co. | $108M | 1.2% | -35.0% | 4.5 yr |
| ABNBAirbnb, Inc. | $64M | 0.7% | +5.7% | 5.3 yr |
| SQBlock, Inc. | $60M | 0.6% | — | 9.5 yr |
| AURAurora Innovation, Inc. | $36M | 0.4% | -38.8% | 3.0 yr |
| BEKEKE Holdings Inc. | $33M | 0.4% | -25.2% | 5.0 yr |
| CHYMChime Financial, Inc. Cl | $27M | 0.3% | — | 1.0 yr |
| TSLATesla, Inc. | $21M | 0.2% | +43.4% | 0.3 yr |
| AMPLAmplitude, Inc. | $19M | 0.2% | -33.1% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information51.6%-2.6pp$4.74B
Specialty Retail21.2%-1.3pp$1.95B
Software - Application15.2%+4.7pp$1.39B
Unknown7.8%$720M
Biotechnology1.5%+0.9pp$138M
Travel Services0.7%+0.1pp$64M
Software - Infrastructure0.7%+0.1pp$60M
Information Technology Services0.4%$36M
Real Estate - Services0.4%-0.1pp$33M
Banks - Regional0.3%$27M
Country
US80.8%+5.3pp
IE9.8%-2.1pp
Unknown7.8%
CN1.5%-0.5pp
SG0.0%+0.0pp
Top 5: 88.3% · Top 10: 98.5% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $9.19B | 17 | -15.59% | +17.59% | -33.18% | -0.32B |
| 2025-12-31 | $13.95B | 16 | +28.21% | +17.72% | +10.49% | -0.38B |
| 2025-09-30 | $16.15B | 16 | +45.00% | +17.52% | +27.48% | +1.98B |
| 2025-06-30 | $12.70B | 15 | +47.93% | +14.94% | +32.98% | -0.45B |
| 2025-03-31 | $10.51B | 14 | +8.24% | +8.30% | -0.06% | -2.26B |
| 2024-12-31 | $12.34B | 15 | +19.11% | +24.89% | -5.78% | -1.36B |
| 2024-09-30 | $13.64B | 16 | +44.89% | +36.04% | +8.85% | -0.40B |
| 2024-06-30 | $12.34B | 17 | +19.39% | +24.49% | -5.11% | +0.01B |
| 2024-03-31 | $13.47B | 21 | +66.52% | +29.62% | +36.89% | -0.27B |
| 2023-12-31 | $12.06B | 22 | +69.83% | +26.18% | +43.65% | -1.19B |
| 2023-09-30 | $10.85B | 22 | +28.38% | +21.57% | +6.81% | +0.89B |
| 2023-06-30 | $10.62B | 25 | +37.75% | +19.42% | +18.33% | -0.13B |
| 2023-03-31 | $8.42B | 23 | -40.88% | -7.82% | -33.06% | -0.31B |
| 2022-12-31 | $7.52B | 22 | -7.69% | +7.56% | -15.25% | -0.46B |
| 2022-09-30 | $8.64B | 23 | +0.62% | -4.93% | +5.55% | +0.02B |
| 2022-06-30 | $8.57B | 22 | -45.23% | -16.11% | -29.12% | +0.01B |