Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+13.61%
adds when stocks drop
when a holding falls −10%+
Middle response
-13.52%
baseline attrition
Rally response
-12.76%
trims into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SESea Limited | $145M | 48.1% | -36.5% | 8.5 yr |
| HDBHDFC Bank Limited | $75M | 24.8% | -24.3% | 10.5 yr |
| TSMTaiwan Semiconductor Man | $59M | 19.6% | +105.6% | 2.3 yr |
| PDDPDD Holdings Inc. | $18M | 5.9% | -13.7% | 0.8 yr |
| CPNGCoupang, Inc. | $5M | 1.6% | -13.9% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Specialty Retail55.6%+24.8pp$168M
Banks - Regional24.8%-22.3pp$75M
Semiconductors19.6%$59M
Country
SG48.1%+17.3pp
IN24.8%-22.3pp
TW19.6%
IE5.9%
KR1.6%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $301M | 5 | -0.94% | +17.59% | -18.53% | +0.00B |
| 2025-12-31 | $369M | 7 | +42.62% | +17.72% | +24.90% | -0.01B |
| 2025-09-30 | $392M | 7 | +59.76% | +17.52% | +42.24% | -0.05B |
| 2025-06-30 | $401M | 7 | +56.77% | +14.94% | +41.83% | +0.01B |
| 2025-03-31 | $339M | 7 | +52.16% | +8.30% | +43.85% | -0.13B |
| 2024-12-31 | $399M | 6 | +42.36% | +24.89% | +17.47% | +0.02B |
| 2024-09-30 | $352M | 5 | +37.70% | +36.04% | +1.66% | -0.09B |
| 2024-06-30 | $407M | 6 | +10.74% | +24.49% | -13.75% | +0.07B |
| 2024-03-31 | $300M | 6 | -8.21% | +29.62% | -37.83% | -0.08B |
| 2023-12-31 | $349M | 6 | +11.11% | +26.18% | -15.07% | -0.10B |
| 2023-09-30 | $433M | 7 | +5.79% | +21.57% | -15.78% | -0.16B |
| 2023-06-30 | $677M | 7 | +15.71% | +19.42% | -3.72% | +0.03B |
| 2023-03-31 | $694M | 9 | -20.63% | -7.82% | -12.81% | -0.19B |
| 2022-12-31 | $671M | 10 | -1.25% | +7.56% | -8.81% | +0.18B |
| 2022-09-30 | $498M | 5 | -4.78% | -4.93% | +0.15% | -0.36B |
| 2022-06-30 | $899M | 11 | -35.92% | -16.11% | -19.81% | +0.30B |