Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.01%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.24%
baseline attrition
Rally response
-10.85%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $33M | 6.1% | +60.9% | 4.0 yr |
| ANETArista Networks, Inc. | $31M | 5.9% | +58.5% | 1.3 yr |
| GOOGLAlphabet Inc. | $25M | 4.7% | — | 5.3 yr |
| AVGOBroadcom Inc. | $14M | 2.7% | +86.0% | 4.0 yr |
| IQVIQVIA Holdings Inc. | $14M | 2.6% | -3.3% | 0.8 yr |
| CDNSCadence Design Systems, | $13M | 2.4% | +9.3% | 5.0 yr |
| FNFabrinet | $13M | 2.3% | +164.0% | 1.3 yr |
| GEVGE Vernova Inc. | $12M | 2.2% | +186.8% | 0.5 yr |
| TSLATesla, Inc. | $12M | 2.2% | +43.4% | 3.0 yr |
| AAPLApple Inc. | $12M | 2.2% | +14.7% | 5.5 yr |
| MTSIMACOM Technology Solutio | $11M | 2.1% | +121.2% | 0.5 yr |
| WATWaters Corporation | $11M | 2.1% | -19.2% | 0.5 yr |
| ALABAstera Labs, Inc. Common | $11M | 2.1% | +83.7% | 1.3 yr |
| WPMWheaton Precious Metals | $11M | 2.0% | +70.0% | 0.5 yr |
| CHRWC.H. Robinson Worldwide, | $10M | 1.9% | +65.3% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.3%+2.8pp$82M
Hardware, Equipment & Parts6.9%+4.6pp$37M
Computer Hardware6.7%+3.8pp$36M
Software - Application6.7%+0.3pp$36M
Internet Content & Information5.9%+0.3pp$32M
Aerospace & Defense4.8%-3.5pp$26M
Medical - Diagnostics & Research4.7%+3.8pp$25M
Unknown4.1%+1.0pp$22M
Renewable Utilities2.9%$16M
Asset Management2.6%-1.9pp$14M
Country
US90.0%-1.3pp
Unknown4.1%+1.0pp
CA2.5%+2.2pp
KY2.3%+1.7pp
PE0.6%
BM0.2%-1.8pp
UY0.2%
LU0.1%-0.6pp
Top 5: 21.9% · Top 10: 33.2% · Top 25: 57.6%
Top buys this quarter · 15
| IQV IQVIA Holdings Inc. | +$11M |
| CHRW C.H. Robinson Worldwide, Inc.new | +$10M |
| LITE Lumentum Holdings Inc.new | +$8M |
| VST Vistra Corp. | +$7M |
| AMBA Ambarella, Inc. | +$5M |
| JBL Jabil Inc.new | +$5M |
| TRMB Trimble Inc.new | +$4M |
| AMRX Amneal Pharmaceuticals, Inc.new | +$4M |
| CVX Chevron Corporation | +$4M |
| TFC Truist Financial Corporation | +$4M |
Top sells this quarter · 15
| TER Teradyne, Inc.exit | −$31M |
| REGN Regeneron Pharmaceuticals, Incexit | −$5M |
| LAZ Lazard Ltdexit | −$5M |
| TOTB.DE TotalEnergies SEexit | −$5M |
| NVDA NVIDIA Corporation | −$3M |
| ANET Arista Networks, Inc. | −$3M |
| PINS Pinterest, Inc.exit | −$2M |
| AA Alcoa Corporation | −$2M |
| AXON Axon Enterprise, Inc.exit | −$2M |
| AVGO Broadcom Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $535M | 119 | +46.46% | +17.59% | +28.87% | +0.04B |
| 2025-12-31 | $507M | 109 | +40.57% | +17.72% | +22.85% | +0.37B |
| 2025-09-30 | $128M | 92 | +38.03% | +17.52% | +20.52% | -0.55B |
| 2025-06-30 | $607M | 89 | +29.02% | +14.94% | +14.08% | +0.28B |
| 2025-03-31 | $254M | 85 | +1.51% | +8.30% | -6.79% | +0.06B |
| 2024-12-31 | $204M | 74 | +18.05% | +24.89% | -6.84% | +0.01B |
| 2024-09-30 | $191M | 76 | +31.79% | +36.04% | -4.25% | +0.01B |
| 2024-06-30 | $173M | 76 | +24.18% | +24.49% | -0.31% | -0.47B |
| 2024-03-31 | $648M | 73 | +31.69% | +29.62% | +2.07% | -0.22B |
| 2023-12-31 | $795M | 80 | +27.23% | +26.18% | +1.05% | +0.08B |
| 2023-09-30 | $621M | 82 | +15.88% | +21.57% | -5.68% | -0.17B |
| 2023-06-30 | $797M | 91 | +14.07% | +19.42% | -5.35% | +0.08B |
| 2023-03-31 | $678M | 93 | -12.40% | -7.82% | -4.59% | +0.02B |
| 2022-12-31 | $627M | 98 | +5.08% | +7.56% | -2.48% | +0.05B |
| 2022-09-30 | $548M | 132 | -2.76% | -4.93% | +2.17% | -0.01B |
| 2022-06-30 | $579M | 132 | -18.70% | -16.11% | -2.58% | +0.04B |