Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.62%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.63%
baseline attrition
Rally response
-6.58%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| RBRKRubrik, Inc. | $70M | 92.8% | -19.7% | 2.0 yr |
| LVLULulu's Fashion Lounge Ho | $3M | 4.2% | — | 0.8 yr |
| ZIPZipRecruiter, Inc. | $2M | 2.9% | -68.8% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure92.8%+26.0pp$70M
Apparel - Retail4.2%$3M
Staffing & Employment Services2.9%-19.7pp$2M
Country
US100.0%+0.8pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $76M | 3 | -27.61% | +17.59% | -45.20% | +0.00B |
| 2025-12-31 | $116M | 3 | +0.28% | +17.72% | -17.44% | -0.01B |
| 2025-09-30 | $131M | 3 | +27.42% | +17.52% | +9.91% | -0.09B |
| 2025-06-30 | $242M | 4 | +38.33% | +14.94% | +23.39% | -0.02B |
| 2025-03-31 | $198M | 4 | +7.64% | +8.30% | -0.66% | -0.00B |
| 2024-12-31 | $221M | 4 | +36.19% | +24.89% | +11.31% | +0.01B |
| 2024-09-30 | $180M | 5 | +41.38% | +36.04% | +5.35% | +0.04B |
| 2024-06-30 | $146M | 5 | +4.31% | +24.49% | -20.18% | -0.05B |
| 2024-03-31 | $194M | 5 | +4.06% | +29.62% | -25.56% | -0.04B |
| 2023-12-31 | $206M | 5 | +8.47% | +26.18% | -17.70% | -0.00B |
| 2023-09-30 | $170M | 5 | -18.54% | +21.57% | -40.11% | -0.02B |
| 2023-06-30 | $254M | 4 | +13.27% | +19.42% | -6.15% | -0.09B |
| 2023-03-31 | $342M | 6 | -28.94% | -7.82% | -21.12% | -0.03B |
| 2022-12-31 | $309M | 6 | -7.78% | +7.56% | -15.34% | -0.01B |
| 2022-09-30 | $345M | 7 | +1.63% | -4.93% | +6.56% | -0.01B |
| 2022-06-30 | $350M | 7 | -36.52% | -16.11% | -20.41% | +0.00B |