Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-13.50%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.32%
baseline attrition
Rally response
-13.26%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| METAMeta Platforms, Inc. | $24M | 20.2% | -0.4% | 4.3 yr |
| HLFHerbalife Nutrition Ltd. | $15M | 12.8% | +70.6% | 1.3 yr |
| UBERUber Technologies, Inc. | $14M | 11.5% | -1.3% | 6.0 yr |
| TSMTaiwan Semiconductor Man | $14M | 11.2% | +105.6% | 2.3 yr |
| NFLXNetflix, Inc. | $12M | 10.0% | +3.1% | 2.0 yr |
| FSLYFastly, Inc. | $7M | 6.0% | +359.1% | 0.8 yr |
| — | $7M | 5.8% | — | 1.0 yr |
| GOOGLAlphabet Inc. | $6M | 5.4% | — | 0.8 yr |
| NXTNextpower Inc. | $5M | 4.0% | +186.1% | 2.3 yr |
| — | $4M | 3.2% | — | 0.3 yr |
| FOXFFox Factory Holding Corp | $4M | 3.1% | -29.5% | 1.0 yr |
| XPELXPEL, Inc. | $3M | 2.8% | +50.6% | 0.3 yr |
| CHYMChime Financial, Inc. Cl | $3M | 2.3% | — | 0.5 yr |
| NTGRNETGEAR, Inc. | $2M | 1.8% | -10.7% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information25.5%+16.9pp$31M
Software - Application17.5%+0.6pp$21M
Packaged Foods12.8%+7.8pp$15M
Semiconductors11.2%+5.8pp$14M
Entertainment10.0%+4.6pp$12M
Unknown9.0%+7.1pp$11M
Auto - Parts5.8%$7M
Consumer Electronics4.0%-4.3pp$5M
Banks - Regional2.3%$3M
Communication Equipment1.8%-15.6pp$2M
Country
US79.8%-12.9pp
TW11.2%+5.8pp
Unknown9.0%+7.1pp
Top 5: 65.7% · Top 10: 90.0% · Top 25: 100.0%
Top buys this quarter · 7
| — | +$0M |
| — new | +$0M |
| META Meta Platforms, Inc. | +$21M |
| UBER Uber Technologies, Inc. | +$6M |
| FSLY Fastly, Inc. | +$5M |
| NFLX Netflix, Inc. | +$5M |
| XPEL XPEL, Inc.new | +$3M |
Top sells this quarter · 12
| GOOGL Alphabet Inc. | −$0M |
| NXT Nextpower Inc. | −$15M |
| GNRC Generac Holdings Inc.exit | −$9M |
| NTGR NETGEAR, Inc. | −$9M |
| URBN Urban Outfitters, Inc.exit | −$6M |
| TYGO Tigo Energy, Inc.exit | −$6M |
| CHYM Chime Financial, Inc. Class A | −$6M |
| HLF Herbalife Nutrition Ltd. | −$3M |
| FOXF Fox Factory Holding Corp. | −$3M |
| ONON On Holding AGexit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $121M | 14 | +24.61% | +17.59% | +7.02% | -0.00B |
| 2025-12-31 | $118M | 15 | +14.72% | +17.72% | -2.99% | -0.02B |
| 2025-09-30 | $142M | 22 | +15.57% | +17.52% | -1.94% | -0.00B |
| 2025-06-30 | $149M | 19 | +14.36% | +14.94% | -0.58% | -0.03B |
| 2025-03-31 | $138M | 22 | -8.73% | +8.30% | -17.03% | +0.01B |
| 2024-12-31 | $134M | 18 | +2.54% | +24.89% | -22.35% | +0.02B |
| 2024-09-30 | $116M | 19 | +15.21% | +36.04% | -20.82% | +0.01B |
| 2024-06-30 | $108M | 16 | +8.80% | +24.49% | -15.69% | +0.00B |
| 2024-03-31 | $103M | 13 | +26.41% | +29.62% | -3.21% | -0.03B |
| 2023-12-31 | $122M | 11 | +23.04% | +26.18% | -3.14% | -0.00B |
| 2023-09-30 | $115M | 13 | +5.12% | +21.57% | -16.45% | -0.03B |
| 2023-06-30 | $155M | 14 | +23.69% | +19.42% | +4.27% | -0.01B |
| 2023-03-31 | $137M | 12 | -23.58% | -7.82% | -15.77% | -0.04B |
| 2022-12-31 | $163M | 14 | -7.66% | +7.56% | -15.22% | -0.03B |
| 2022-09-30 | $210M | 12 | +7.68% | -4.93% | +12.61% | -0.01B |
| 2022-06-30 | $201M | 12 | -27.12% | -16.11% | -11.01% | +0.01B |