Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-16.06%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.78%
baseline attrition
Rally response
-17.22%
trims into rallies
when a holding rises +10%+
Top positions · 7
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AVGOBroadcom Inc. | $7M | 23.5% | +86.0% | 8.0 yr |
| AMZNAmazon.com, Inc. | $6M | 21.4% | +9.5% | 4.8 yr |
| KKRKKR & Co. Inc. | $5M | 17.4% | -19.5% | 7.8 yr |
| DASHDoorDash, Inc. | $4M | 12.5% | -17.8% | 3.3 yr |
| TSMTaiwan Semiconductor Man | $3M | 10.0% | +105.6% | 1.8 yr |
| GDDYGoDaddy Inc. | $2M | 8.4% | -54.1% | 7.3 yr |
| NVDANVIDIA Corporation | $2M | 6.9% | +60.9% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors40.3%+19.7pp$12M
Specialty Retail21.4%+14.2pp$6M
Asset Management17.4%+4.7pp$5M
Internet Content & Information12.5%+7.6pp$4M
Software - Infrastructure8.4%-14.7pp$2M
Country
US90.0%+4.1pp
TW10.0%+8.9pp
Top 5: 84.7% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 15
| AVGO Broadcom Inc. | −$22M |
| WIX Wix.com Ltd.exit | −$10M |
| PCOR Procore Technologies, Inc.exit | −$10M |
| AMZN Amazon.com, Inc. | −$7M |
| KKR KKR & Co. Inc. | −$6M |
| CMG Chipotle Mexican Grill, Inc.exit | −$5M |
| WDAY Workday, Inc.exit | −$4M |
| DASH DoorDash, Inc. | −$4M |
| VVV Valvoline Inc.exit | −$4M |
| APO Apollo Global Management, Inc.exit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $29M | 7 | -0.02% | +17.59% | -17.61% | -0.10B |
| 2025-12-31 | $145M | 18 | -1.00% | +17.72% | -18.71% | -0.07B |
| 2025-09-30 | $227M | 24 | +23.32% | +17.52% | +5.80% | -0.02B |
| 2025-06-30 | $236M | 22 | +29.45% | +14.94% | +14.51% | -0.00B |
| 2025-03-31 | $199M | 23 | +13.92% | +8.30% | +5.62% | -0.01B |
| 2024-12-31 | $243M | 20 | +46.53% | +24.89% | +21.64% | -0.03B |
| 2024-09-30 | $229M | 21 | +49.16% | +36.04% | +13.12% | +0.01B |
| 2024-06-30 | $202M | 19 | +36.74% | +24.49% | +12.25% | -0.04B |
| 2024-03-31 | $232M | 21 | +44.51% | +29.62% | +14.89% | -0.12B |
| 2023-12-31 | $323M | 22 | +45.59% | +26.18% | +19.41% | -0.06B |
| 2023-09-30 | $322M | 23 | +27.99% | +21.57% | +6.42% | -0.02B |
| 2023-06-30 | $339M | 24 | +19.53% | +19.42% | +0.11% | +0.00B |
| 2023-03-31 | $306M | 24 | -18.27% | -7.82% | -10.45% | -0.04B |
| 2022-12-31 | $315M | 22 | +5.24% | +7.56% | -2.32% | -0.13B |
| 2022-09-30 | $419M | 33 | -6.45% | -4.93% | -1.52% | -0.02B |
| 2022-06-30 | $467M | 37 | -24.54% | -16.11% | -8.43% | +0.00B |