Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-25.22%
trims when stocks drop
when a holding falls −10%+
Middle response
-11.73%
baseline attrition
Rally response
-6.21%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSEMTower Semiconductor Ltd. | $121M | 6.0% | +392.1% | 2.0 yr |
| SNDKSandisk Corporation | $118M | 5.8% | +1234.5% | 1.0 yr |
| IONSIonis Pharmaceuticals, I | $105M | 5.2% | +148.9% | 0.8 yr |
| SEISolaris Energy Infrastru | $98M | 4.8% | +163.1% | 1.5 yr |
| DOCNDigitalOcean Holdings, I | $80M | 3.9% | +156.9% | 0.5 yr |
| GHGuardant Health, Inc. | $80M | 3.9% | +116.8% | 2.5 yr |
| NVDANVIDIA Corporation | $78M | 3.9% | +60.9% | 4.5 yr |
| NTRANatera, Inc. | $74M | 3.7% | +41.4% | 2.5 yr |
| AKAMAkamai Technologies, Inc | $67M | 3.3% | +42.7% | 0.3 yr |
| MKSIMKS Inc. | $65M | 3.2% | +188.8% | 1.5 yr |
| AEISAdvanced Energy Industri | $54M | 2.6% | +239.4% | 1.5 yr |
| SIMOSilicon Motion Technolog | $51M | 2.5% | +127.9% | 3.3 yr |
| LSCCLattice Semiconductor Co | $49M | 2.4% | +76.9% | 4.0 yr |
| SPOTSpotify Technology S.A. | $44M | 2.1% | -11.8% | 2.3 yr |
| TSMTaiwan Semiconductor Man | $42M | 2.1% | +105.6% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors24.0%+11.8pp$488M
Software - Infrastructure12.0%+5.3pp$244M
Hardware, Equipment & Parts9.0%+8.9pp$183M
Medical - Diagnostics & Research8.7%+4.7pp$177M
Biotechnology8.1%-4.5pp$165M
Electrical Equipment & Parts5.6%+1.7pp$115M
Oil & Gas Equipment & Services4.8%+3.3pp$98M
Software - Application4.5%-6.4pp$91M
Industrial - Machinery3.8%+3.2pp$78M
Internet Content & Information3.6%-5.1pp$74M
Country
US81.7%+4.9pp
IL6.5%+4.2pp
HK2.5%+1.8pp
LU2.1%-3.2pp
TW2.1%+0.5pp
IE1.7%
RU1.4%
CR1.1%+0.4pp
Top 5: 25.7% · Top 10: 43.6% · Top 25: 73.2%
Top buys this quarter · 15
| AKAM Akamai Technologies, Inc.new | +$67M |
| DOCN DigitalOcean Holdings, Inc. | +$56M |
| ETN Eaton Corporation plcnew | +$34M |
| ADI Analog Devices, Inc. | +$31M |
| CRUS Cirrus Logic, Inc. | +$26M |
| LSCC Lattice Semiconductor Corporat | +$22M |
| FPS Forgent Power Solutions, Inc.new | +$21M |
| NET Cloudflare, Inc. | +$17M |
| RRX Regal Rexnord Corporationnew | +$15M |
| AEVA Aeva Technologies, Inc.new | +$12M |
Top sells this quarter · 15
| SNDK Sandisk Corporation | −$352M |
| GEV GE Vernova Inc.exit | −$212M |
| MDB MongoDB, Inc. | −$60M |
| ARGX argenx SEexit | −$60M |
| NVDA NVIDIA Corporation | −$57M |
| ALAB Astera Labs, Inc. Common Stockexit | −$56M |
| SPOT Spotify Technology S.A. | −$55M |
| CRDO Credo Technology Group Holding | −$54M |
| VIAV Viavi Solutions Inc.exit | −$53M |
| FROG JFrog Ltd. | −$51M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.04B | 64 | +66.61% | +17.59% | +49.02% | -1.47B |
| 2025-12-31 | $3.40B | 68 | +38.43% | +17.72% | +20.71% | +0.07B |
| 2025-09-30 | $2.91B | 70 | +46.52% | +17.52% | +29.00% | +0.15B |
| 2025-06-30 | $2.46B | 70 | +42.64% | +14.94% | +27.70% | -0.10B |
| 2025-03-31 | $2.03B | 59 | +22.13% | +8.30% | +13.83% | -0.49B |
| 2024-12-31 | $2.94B | 66 | +52.43% | +24.89% | +27.54% | +0.30B |
| 2024-09-30 | $2.18B | 63 | +38.11% | +36.04% | +2.07% | -0.16B |
| 2024-06-30 | $2.15B | 69 | +15.78% | +24.49% | -8.71% | -0.09B |
| 2024-03-31 | $2.08B | 67 | +13.30% | +29.62% | -16.32% | +0.12B |
| 2023-12-31 | $1.83B | 74 | +16.27% | +26.18% | -9.91% | +0.09B |
| 2023-09-30 | $1.58B | 58 | -7.82% | +21.57% | -29.39% | -0.21B |
| 2023-06-30 | $1.97B | 69 | +6.66% | +19.42% | -12.76% | +0.09B |
| 2023-03-31 | $1.78B | 66 | -22.68% | -7.82% | -14.87% | +0.28B |
| 2022-12-31 | $1.37B | 61 | -12.88% | +7.56% | -20.44% | +0.32B |
| 2022-09-30 | $1.21B | 59 | +5.59% | -4.93% | +10.52% | -0.12B |
| 2022-06-30 | $1.26B | 61 | -23.45% | -16.11% | -7.34% | -0.13B |