Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+11.33%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.55%
baseline attrition
Rally response
+0.36%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QQQInvesco QQQ Trust, Serie | $51M | 10.1% | — | 7.0 yr |
| SPYState Street SPDR S&P 50 | $40M | 8.0% | +17.6% | 10.3 yr |
| XLIState Street Industrial | $24M | 4.8% | — | 6.0 yr |
| XLFState Street Financial S | $23M | 4.6% | — | 10.3 yr |
| AMZNAmazon.com, Inc. | $20M | 4.0% | +9.5% | 7.0 yr |
| METAMeta Platforms, Inc. | $19M | 3.8% | -0.4% | 8.0 yr |
| XLCState Street Communicati | $18M | 3.6% | — | 7.8 yr |
| SMHVanEck Semiconductor ETF | $16M | 3.1% | — | 1.5 yr |
| NVDANVIDIA Corporation | $15M | 3.0% | +60.9% | 7.5 yr |
| XLVState Street Health Care | $15M | 2.9% | — | 10.0 yr |
| EPIWisdomTree India Earning | $14M | 2.8% | — | 2.3 yr |
| PAVEGlobal X - U.S. Infrastr | $12M | 2.3% | — | 4.8 yr |
| ICLICL Group Ltd | $11M | 2.3% | -6.2% | 5.5 yr |
| SEDGSolarEdge Technologies, | $11M | 2.3% | +215.5% | 7.8 yr |
| MCHIiShares MSCI China ETF | $11M | 2.1% | — | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management60.7%-1.6pp$307M
Semiconductors5.7%+0.4pp$29M
Internet Content & Information5.5%+2.4pp$28M
Specialty Retail4.0%+1.7pp$20M
Financial - Credit Services3.3%-1.0pp$16M
Asset Management - Global2.3%+0.1pp$12M
Agricultural Inputs2.3%+0.1pp$11M
Solar2.3%+2.1pp$11M
Software - Infrastructure2.2%-1.8pp$11M
Software - Application1.7%-1.6pp$9M
Country
US89.1%-1.9pp
IL8.1%+0.8pp
LU1.2%
IE0.8%+0.0pp
CA0.8%
Top 5: 31.4% · Top 10: 47.7% · Top 25: 75.4%
Top buys this quarter · 15
| SEDG SolarEdge Technologies, Inc. | +$9M |
| AMZN Amazon.com, Inc. | +$8M |
| META Meta Platforms, Inc. | +$8M |
| GEV GE Vernova Inc.new | +$8M |
| SPOT Spotify Technology S.A.new | +$6M |
| NVDA NVIDIA Corporation | +$6M |
| ONDS Ondas Holdings Inc.new | +$6M |
| BWXT BWX Technologies, Inc.new | +$5M |
| APO Apollo Global Management, Inc. | +$4M |
| KKR KKR & Co. Inc. | +$3M |
Top sells this quarter · 15
| VST Vistra Corp.exit | −$7M |
| CARR Carrier Global Corporationexit | −$5M |
| COST Costco Wholesale Corporation | −$5M |
| CAMT Camtek Ltd.exit | −$5M |
| CRM Salesforce, Inc.exit | −$5M |
| NKE NIKE, Inc.exit | −$4M |
| EQT EQT Corporationexit | −$4M |
| ADBE Adobe Inc.exit | −$3M |
| SPY State Street SPDR S&P 500 ETF | −$3M |
| NEE NextEra Energy, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $506M | 57 | +15.42% | +17.59% | -2.17% | +0.02B |
| 2025-12-31 | $509M | 61 | +12.50% | +17.72% | -5.22% | +0.03B |
| 2025-09-30 | $487M | 61 | +20.56% | +17.52% | +3.05% | -0.01B |
| 2025-06-30 | $456M | 60 | +23.03% | +14.94% | +8.09% | -0.00B |
| 2025-03-31 | $401M | 64 | +8.37% | +8.30% | +0.07% | +0.01B |
| 2024-12-31 | $417M | 60 | +26.91% | +24.89% | +2.02% | -0.00B |
| 2024-09-30 | $398M | 59 | +31.20% | +36.04% | -4.84% | -0.01B |
| 2024-06-30 | $367M | 59 | +11.33% | +24.49% | -13.16% | -0.02B |
| 2024-03-31 | $384M | 59 | +19.30% | +29.62% | -10.32% | -0.16B |
| 2023-12-31 | $504M | 80 | +24.10% | +26.18% | -2.08% | -0.01B |
| 2023-09-30 | $469M | 82 | +18.64% | +21.57% | -2.92% | +0.01B |
| 2023-06-30 | $486M | 84 | +17.64% | +19.42% | -1.79% | +0.02B |
| 2023-03-31 | $438M | 87 | -9.79% | -7.82% | -1.97% | -0.05B |
| 2022-12-31 | $430M | 89 | -23.81% | -18.17% | -5.63% | -0.02B |
| 2022-09-30 | $430M | 87 | -19.00% | -15.51% | -3.49% | +0.01B |
| 2022-06-30 | $455M | 86 | -12.11% | -10.62% | -1.49% | -0.01B |