Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.69%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.79%
baseline attrition
Rally response
-7.99%
trims into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PDDPDD Holdings Inc. | $179M | 81.5% | -13.7% | 6.5 yr |
| PONYPony AI Inc. American De | $38M | 17.2% | +7.0% | 1.5 yr |
| — | $2M | 0.9% | — | 1.8 yr |
| BTDRBitdeer Technologies Gro | $1M | 0.4% | -2.0% | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Specialty Retail81.5%+4.3pp$179M
Rental & Leasing Services17.2%-4.9pp$38M
Unknown0.9%+0.5pp$2M
Software - Application0.4%+0.2pp$1M
Country
IE81.5%+4.3pp
CN17.2%-4.9pp
Unknown0.9%+0.5pp
SG0.4%+0.2pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| PONY Pony AI Inc. American Deposita | +$17M |
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $219M | 4 | -5.18% | +17.59% | -22.77% | +0.02B |
| 2025-12-31 | $233M | 4 | +10.82% | +17.72% | -6.89% | -0.13B |
| 2025-09-30 | $476M | 4 | +4.95% | +17.52% | -12.56% | -0.10B |
| 2025-06-30 | $408M | 4 | -24.29% | +14.94% | -39.23% | -0.00B |
| 2025-03-31 | $403M | 4 | -15.32% | +8.30% | -23.63% | -0.03B |
| 2024-12-31 | $431M | 4 | -33.65% | +24.89% | -58.53% | +0.13B |
| 2024-09-30 | $420M | 3 | +34.24% | +36.04% | -1.80% | -0.02B |
| 2024-06-30 | $437M | 4 | +84.32% | +24.49% | +59.83% | -0.07B |
| 2024-03-31 | $443M | 4 | +44.83% | +29.62% | +15.20% | -0.11B |
| 2023-12-31 | $694M | 4 | +73.81% | +26.18% | +47.64% | -0.43B |
| 2023-09-30 | $766M | 5 | +53.72% | +21.57% | +32.15% | -0.04B |
| 2023-06-30 | $577M | 5 | +12.49% | +19.42% | -6.93% | -0.00B |
| 2023-03-31 | $644M | 4 | +85.86% | -7.82% | +93.68% | -0.01B |
| 2022-12-31 | $688M | 4 | +29.36% | +7.56% | +21.79% | +0.00B |
| 2022-09-30 | $531M | 4 | +1.83% | -4.93% | +6.76% | -0.00B |
| 2022-06-30 | $523M | 4 | +48.27% | -16.11% | +64.38% | +0.01B |