Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.75%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.02%
baseline attrition
Rally response
-2.73%
trims into rallies
when a holding rises +10%+
Top positions · 7
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SHOPShopify Inc. | $195M | 24.5% | +24.2% | 4.3 yr |
| APPFAppFolio, Inc. | $165M | 20.7% | -28.2% | 9.8 yr |
| — | $137M | 17.2% | — | 2.8 yr |
| 0JUJ.LFormula One Group | $92M | 11.6% | -3.4% | 2.8 yr |
| DDOGDatadog, Inc. | $87M | 10.9% | +19.0% | 6.5 yr |
| VEEVVeeva Systems Inc. | $80M | 10.0% | -24.2% | 2.3 yr |
| DASHDoorDash, Inc. | $40M | 5.0% | -17.8% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Application56.2%-2.6pp$448M
Unknown17.2%-3.9pp$137M
Entertainment11.6%+3.0pp$92M
Medical - Healthcare Information Services10.0%-1.4pp$80M
Internet Content & Information5.0%$40M
Country
US58.3%+7.6pp
CA24.5%+5.9pp
Unknown17.2%-3.9pp
Top 5: 85.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| DASH DoorDash, Inc.new | +$40M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $797M | 7 | -8.85% | +17.59% | -26.44% | +0.02B |
| 2025-12-31 | $1.03B | 6 | +8.05% | +17.72% | -9.66% | -0.28B |
| 2025-09-30 | $1.42B | 7 | +38.35% | +17.52% | +20.83% | -0.04B |
| 2025-06-30 | $1.28B | 7 | +25.06% | +14.94% | +10.12% | -0.01B |
| 2025-03-31 | $1.12B | 7 | +3.46% | +8.30% | -4.84% | +0.03B |
| 2024-12-31 | $1.22B | 7 | +28.16% | +24.89% | +3.27% | -0.27B |
| 2024-09-30 | $1.26B | 7 | +23.81% | +36.04% | -12.23% | +0.01B |
| 2024-06-30 | $1.21B | 7 | +18.81% | +24.49% | -5.68% | +0.04B |
| 2024-03-31 | $1.23B | 9 | +59.73% | +29.62% | +30.11% | -0.05B |
| 2023-12-31 | $1.15B | 8 | +73.73% | +26.18% | +47.55% | -0.23B |
| 2023-09-30 | $1.20B | 11 | +48.68% | +21.57% | +27.11% | -0.05B |
| 2023-06-30 | $1.28B | 8 | +51.58% | +19.42% | +32.15% | -0.14B |
| 2023-03-31 | $1.10B | 8 | -15.83% | -7.82% | -8.02% | +0.01B |
| 2022-12-31 | $911M | 8 | -2.05% | +7.56% | -9.62% | -0.11B |
| 2022-09-30 | $1.05B | 8 | +0.21% | -4.93% | +5.14% | -0.05B |
| 2022-06-30 | $1.09B | 10 | -28.79% | -16.11% | -12.68% | +0.08B |