Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.35%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.64%
baseline attrition
Rally response
-5.59%
trims into rallies
when a holding rises +10%+
Top positions · 18
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSLATesla, Inc. | $430M | 13.7% | +43.4% | 6.3 yr |
| GOOGLAlphabet Inc. | $356M | 11.3% | — | 7.8 yr |
| METAMeta Platforms, Inc. | $324M | 10.3% | -0.4% | 8.5 yr |
| AMZNAmazon.com, Inc. | $308M | 9.8% | +9.5% | 8.5 yr |
| ARMArm Holdings plc America | $242M | 7.7% | +41.7% | 0.8 yr |
| NVDANVIDIA Corporation | $224M | 7.1% | +60.9% | 1.0 yr |
| ASMLASML Holding N.V. | $198M | 6.3% | +100.9% | 2.5 yr |
| MSFTMicrosoft Corporation | $164M | 5.2% | -0.6% | 8.3 yr |
| SQBlock, Inc. | $151M | 4.8% | — | 6.0 yr |
| PLTRPalantir Technologies In | $143M | 4.6% | +73.3% | 4.0 yr |
| ISRGIntuitive Surgical, Inc. | $129M | 4.1% | -6.9% | 6.3 yr |
| SPOTSpotify Technology S.A. | $115M | 3.7% | -11.8% | 5.8 yr |
| AXONAxon Enterprise, Inc. | $94M | 3.0% | -19.3% | 3.8 yr |
| VVisa Inc. | $65M | 2.1% | -13.1% | 8.5 yr |
| COSTCostco Wholesale Corpora | $63M | 2.0% | +5.9% | 8.5 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information25.3%+10.6pp$795M
Semiconductors21.1%+13.3pp$663M
Software - Infrastructure14.6%-6.9pp$458M
Auto - Manufacturers13.7%-0.8pp$430M
Specialty Retail9.8%+1.0pp$308M
Medical - Devices4.1%+0.8pp$129M
Financial - Credit Services3.8%-1.7pp$121M
Aerospace & Defense3.0%$94M
Software - Application2.5%-17.5pp$77M
Discount Stores2.0%+0.2pp$63M
Country
US82.3%-2.0pp
GB7.7%
NL6.3%-1.6pp
LU3.7%-4.1pp
Top 5: 52.9% · Top 10: 80.9% · Top 25: 100.0%
Top buys this quarter · 8
| META Meta Platforms, Inc. | +$155M |
| ASML ASML Holding N.V. | +$56M |
| AXON Axon Enterprise, Inc. | +$31M |
| ISRG Intuitive Surgical, Inc. | +$31M |
| TSLA Tesla, Inc. | +$430M |
| AMZN Amazon.com, Inc. | +$308M |
| MA Mastercard Incorporated | +$56M |
| GOOGL Alphabet Inc. | +$0M |
Top sells this quarter · 11
| MSFT Microsoft Corporation | −$149M |
| NOW ServiceNow, Inc. | −$124M |
| NVDA NVIDIA Corporation | −$112M |
| PLTR Palantir Technologies Inc. | −$78M |
| INTU Intuit Inc. | −$54M |
| SPOT Spotify Technology S.A. | −$48M |
| ARM Arm Holdings plc American Depo | −$201M |
| WDAY Workday, Inc.exit | −$16M |
| V Visa Inc. | −$14M |
| COST Costco Wholesale Corporation | −$12M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.14B | 18 | +13.40% | +17.59% | -4.19% | +0.00B |
| 2025-12-31 | $3.58B | 18 | +18.10% | +17.72% | +0.38% | +0.12B |
| 2025-09-30 | $3.58B | 18 | +49.43% | +17.52% | +31.91% | +0.17B |
| 2025-06-30 | $3.17B | 18 | +51.57% | +14.94% | +36.63% | -0.00B |
| 2025-03-31 | $2.55B | 19 | +27.44% | +8.30% | +19.14% | -0.21B |
| 2024-12-31 | $3.02B | 19 | +52.05% | +24.89% | +27.17% | -0.16B |
| 2024-09-30 | $2.61B | 22 | +44.02% | +36.04% | +7.98% | -0.05B |
| 2024-06-30 | $2.42B | 22 | +28.67% | +24.49% | +4.18% | -0.07B |
| 2024-03-31 | $2.38B | 23 | +47.07% | +29.62% | +17.45% | -0.27B |
| 2023-12-31 | $2.43B | 24 | +80.61% | +26.18% | +54.43% | +0.03B |
| 2023-09-30 | $2.08B | 23 | +33.86% | +21.57% | +12.29% | -0.10B |
| 2023-06-30 | $2.22B | 25 | +33.38% | +19.42% | +13.95% | -0.07B |
| 2023-03-31 | $1.92B | 25 | -19.56% | -7.82% | -11.74% | -0.14B |
| 2022-12-31 | $1.54B | 25 | -14.35% | +7.56% | -21.91% | +0.07B |
| 2022-09-30 | $1.72B | 26 | -2.55% | -4.93% | +2.38% | +0.05B |
| 2022-06-30 | $1.71B | 27 | -27.89% | -16.11% | -11.77% | -0.03B |