Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.19%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.79%
baseline attrition
Rally response
-11.41%
trims into rallies
when a holding rises +10%+
Top positions · 24
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NFLXNetflix, Inc. | $48M | 7.7% | +3.1% | 9.3 yr |
| NUNu Holdings Ltd. | $44M | 7.1% | +40.3% | 4.5 yr |
| AAPLApple Inc. | $37M | 6.0% | +14.7% | 1.8 yr |
| AMATApplied Materials, Inc. | $35M | 5.6% | +137.6% | 0.8 yr |
| WDCWestern Digital Corporat | $34M | 5.5% | +571.9% | 1.0 yr |
| SNDKSandisk Corporation | $33M | 5.3% | +1234.5% | 0.8 yr |
| NVDANVIDIA Corporation | $32M | 5.1% | +60.9% | 3.3 yr |
| ASMLASML Holding N.V. | $28M | 4.5% | +100.9% | 0.5 yr |
| TERTeradyne, Inc. | $28M | 4.5% | +260.2% | 0.8 yr |
| TSEMTower Semiconductor Ltd. | $27M | 4.3% | +392.1% | 0.5 yr |
| PANWPalo Alto Networks, Inc. | $26M | 4.1% | -6.0% | 6.8 yr |
| COMPCompass, Inc. | $25M | 4.0% | -16.3% | 4.0 yr |
| SPOTSpotify Technology S.A. | $23M | 3.7% | -11.8% | 3.3 yr |
| LITELumentum Holdings Inc. | $23M | 3.6% | +1027.3% | 0.3 yr |
| METAMeta Platforms, Inc. | $22M | 3.6% | -0.4% | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors30.4%+25.4pp$189M
Entertainment10.6%+4.1pp$66M
Software - Infrastructure10.0%-4.2pp$62M
Hardware, Equipment & Parts8.9%$56M
Internet Content & Information7.3%-8.3pp$46M
Banks - Diversified7.1%+0.4pp$44M
Consumer Electronics6.0%$37M
Computer Hardware5.5%$34M
Software - Application4.0%-11.2pp$25M
Communication Equipment3.6%$23M
Country
US78.0%+20.3pp
BR7.1%+0.4pp
NL4.5%
IL4.3%
LU3.7%-2.6pp
UY2.4%-5.5pp
Top 5: 31.9% · Top 10: 55.6% · Top 25: 100.0%
Top buys this quarter · 9
| LITE Lumentum Holdings Inc.new | +$23M |
| LYV Live Nation Entertainment, Incnew | +$18M |
| NFLX Netflix, Inc. | +$16M |
| MIR Mirion Technologies, Inc. | +$8M |
| ASML ASML Holding N.V. | +$4M |
| PANW Palo Alto Networks, Inc. | +$26M |
| S SentinelOne, Inc. | +$21M |
| AVGO Broadcom Inc. | +$19M |
| MELI MercadoLibre, Inc. | +$15M |
Top sells this quarter · 15
| SNDK Sandisk Corporation | −$93M |
| WDC Western Digital Corporation | −$72M |
| COHR Coherent, Inc. | −$29M |
| AAPL Apple Inc. | −$28M |
| SMTC Semtech Corporationexit | −$22M |
| APP AppLovin Corporationexit | −$21M |
| TER Teradyne, Inc. | −$21M |
| MU Micron Technology, Inc.exit | −$18M |
| SHOP Shopify Inc.exit | −$15M |
| CVNA Carvana Co.exit | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $622M | 24 | +81.81% | +17.59% | +64.22% | -0.32B |
| 2025-12-31 | $831M | 34 | +55.12% | +17.72% | +37.40% | -0.29B |
| 2025-09-30 | $993M | 38 | +45.55% | +17.52% | +28.03% | +0.01B |
| 2025-06-30 | $811M | 31 | +26.28% | +14.94% | +11.33% | +0.21B |
| 2025-03-31 | $515M | 21 | +10.16% | +8.30% | +1.86% | -0.23B |
| 2024-12-31 | $764M | 34 | +24.68% | +24.89% | -0.20% | +0.01B |
| 2024-09-30 | $714M | 32 | +41.97% | +36.04% | +5.93% | -0.09B |
| 2024-06-30 | $762M | 28 | +35.03% | +24.49% | +10.54% | -0.18B |
| 2024-03-31 | $923M | 35 | +49.78% | +29.62% | +20.15% | -0.15B |
| 2023-12-31 | $973M | 39 | +60.89% | +26.18% | +34.71% | +0.11B |
| 2023-09-30 | $718M | 29 | +16.46% | +21.57% | -5.10% | -0.17B |
| 2023-06-30 | $886M | 32 | +10.23% | +19.42% | -9.20% | -0.20B |
| 2023-03-31 | $965M | 32 | -25.28% | -7.82% | -17.46% | +0.12B |
| 2022-12-31 | $714M | 27 | -12.82% | +7.56% | -20.38% | +0.28B |
| 2022-09-30 | $496M | 21 | -5.02% | -4.93% | -0.09% | +0.08B |
| 2022-06-30 | $441M | 15 | -23.57% | -16.11% | -7.46% | -0.18B |