Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.06%
trims when stocks drop
when a holding falls −10%+
Middle response
+5.75%
steady accumulation
Rally response
-10.25%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CRWVCoreWeave, Inc. Class A | $226M | 42.1% | +108.9% | 0.8 yr |
| SPYState Street SPDR S&P 50 | $71M | 13.2% | +17.6% | 6.8 yr |
| CNKCinemark Holdings, Inc. | $58M | 10.8% | +16.0% | 0.5 yr |
| NVDANVIDIA Corporation | $21M | 3.9% | +60.9% | 6.8 yr |
| SYYSysco Corporation | $13M | 2.4% | -3.0% | 5.5 yr |
| AAPLApple Inc. | $12M | 2.3% | +14.7% | 7.5 yr |
| XOMExxon Mobil Corporation | $10M | 1.8% | +47.6% | 7.5 yr |
| KKRKKR & Co. Inc. | $8M | 1.5% | -19.5% | 2.0 yr |
| NFLXNetflix, Inc. | $7M | 1.3% | +3.1% | 5.0 yr |
| TRGPTarga Resources Corp. | $7M | 1.3% | +28.0% | 4.3 yr |
| GOOGAlphabet Inc. | $5M | 0.9% | +84.3% | 6.8 yr |
| WESWestern Midstream Partne | $4M | 0.8% | +10.3% | 4.0 yr |
| MQMarqeta, Inc. | $4M | 0.8% | -1.0% | 4.5 yr |
| EPDEnterprise Products Part | $4M | 0.7% | +18.7% | 7.5 yr |
| ETEnergy Transfer LP | $4M | 0.7% | +12.1% | 7.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure43.4%+40.4pp$233M
Asset Management18.2%-23.6pp$98M
Entertainment12.2%+9.0pp$66M
Oil & Gas Midstream4.8%-5.6pp$26M
Semiconductors4.5%-3.1pp$24M
Food Distribution2.4%-4.7pp$13M
Consumer Electronics2.3%-2.2pp$12M
Oil & Gas Integrated2.1%-1.0pp$11M
Internet Content & Information1.4%-0.3pp$8M
Specialty Retail1.1%-0.7pp$6M
Country
US99.3%+1.1pp
CA0.3%-0.1pp
UY0.2%-0.4pp
IE0.1%-0.2pp
Unknown0.1%-0.3pp
TW0.0%-0.0pp
CL0.0%-0.0pp
GB0.0%-0.0pp
Top 5: 72.3% · Top 10: 80.5% · Top 25: 89.3%
Top buys this quarter · 15
| CRWV CoreWeave, Inc. Class A Common | +$33M |
| AZO AutoZone, Inc.new | +$1M |
| AAPL Apple Inc. | +$1M |
| IBM International Business Machine | +$1M |
| PEP PepsiCo, Inc. | +$1M |
| VIA Via Transportation, Inc.new | +$1M |
| INTC Intel Corporation | +$0M |
| MO Altria Group, Inc. | +$0M |
| MRK Merck & Co., Inc. | +$0M |
| GOOG Alphabet Inc. | +$5M |
Top sells this quarter · 15
| CNK Cinemark Holdings, Inc. | −$105M |
| NVDA NVIDIA Corporation | −$14M |
| SPY State Street SPDR S&P 500 ETF | −$5M |
| AB AllianceBernstein Holding L.P.exit | −$1M |
| ET Energy Transfer LP | −$1M |
| DELL Dell Technologies Inc.exit | −$1M |
| PLTR Palantir Technologies Inc.exit | −$1M |
| MSFT Microsoft Corporation | −$1M |
| FDX FedEx Corporation | −$1M |
| KKR KKR & Co. Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $538M | 277 | -10.20% | +17.59% | -27.79% | -0.10B |
| 2025-12-31 | $591M | 275 | -19.01% | +17.72% | -36.73% | +0.17B |
| 2025-09-30 | $552M | 257 | +13.98% | +17.52% | -3.54% | +0.31B |
| 2025-06-30 | $245M | 256 | +25.21% | +14.94% | +10.27% | -0.00B |
| 2025-03-31 | $220M | 235 | +14.76% | +8.30% | +6.46% | -0.00B |
| 2024-12-31 | $228M | 290 | +29.92% | +24.89% | +5.03% | +0.00B |
| 2024-09-30 | $209M | 101 | +33.13% | +36.04% | -2.91% | +0.01B |
| 2024-06-30 | $183M | 81 | +20.32% | +24.49% | -4.17% | +0.01B |
| 2024-03-31 | $164M | 75 | +17.50% | +29.62% | -12.12% | -0.01B |
| 2023-12-31 | $163M | 86 | +11.79% | +26.18% | -14.39% | -0.14B |
| 2023-09-30 | $278M | 136 | +9.96% | +21.57% | -11.60% | -0.07B |
| 2023-06-30 | $363M | 148 | +6.40% | +19.42% | -13.02% | -0.07B |
| 2023-03-31 | $428M | 153 | -6.58% | -7.82% | +1.23% | +0.17B |
| 2022-12-31 | $253M | 149 | -14.49% | -18.17% | +3.68% | +0.06B |
| 2022-09-30 | $178M | 106 | -12.54% | -15.51% | +2.96% | -0.01B |
| 2022-06-30 | $198M | 106 | -5.87% | -10.62% | +4.75% | -0.01B |