Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.31%
adds when stocks drop
when a holding falls −10%+
Middle response
-9.06%
baseline attrition
Rally response
-18.17%
trims into rallies
when a holding rises +10%+
Top positions · 24
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IOTSamsara Inc. | $93M | 7.0% | -17.3% | 0.8 yr |
| — | $84M | 6.3% | — | 6.8 yr |
| HUBSHubSpot, Inc. | $77M | 5.7% | -57.3% | 2.5 yr |
| FOURShift4 Payments, Inc. | $77M | 5.7% | -46.5% | 2.8 yr |
| AFRMAffirm Holdings, Inc. | $76M | 5.7% | +1.4% | 4.8 yr |
| APPAppLovin Corporation | $66M | 4.9% | +50.2% | 4.8 yr |
| CDNSCadence Design Systems, | $65M | 4.8% | +9.3% | 1.0 yr |
| MDBMongoDB, Inc. | $62M | 4.6% | +39.5% | 2.0 yr |
| FICOFair Isaac Corporation | $60M | 4.5% | -42.1% | 1.0 yr |
| GLBEGlobal-e Online Ltd. | $60M | 4.5% | -13.5% | 3.3 yr |
| PCORProcore Technologies, In | $57M | 4.3% | -13.7% | 2.8 yr |
| CRDOCredo Technology Group H | $56M | 4.1% | +133.7% | 0.5 yr |
| SNOWSnowflake Inc. | $53M | 4.0% | +3.2% | 2.5 yr |
| CVNACarvana Co. | $53M | 3.9% | +50.4% | 0.5 yr |
| APGAPi Group Corporation | $52M | 3.8% | +70.0% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Application31.7%+9.4pp$425M
Software - Infrastructure23.0%+2.4pp$308M
Unknown6.3%$84M
Medical - Diagnostics & Research5.0%-8.3pp$67M
Specialty Retail4.5%+0.8pp$60M
Communication Equipment4.1%$56M
Auto - Dealerships3.9%+0.8pp$53M
Engineering & Construction3.8%-1.2pp$52M
Insurance - Property & Casualty3.5%-1.7pp$47M
Real Estate - Services3.3%+0.6pp$45M
Country
US89.3%-4.1pp
Unknown6.3%
IL4.5%-2.2pp
Top 5: 30.3% · Top 10: 53.7% · Top 25: 100.0%
Top buys this quarter · 12
| RBLX Roblox Corporationnew | +$44M |
| CHYM Chime Financial, Inc. Class A new | +$24M |
| CRDO Credo Technology Group Holding | +$56M |
| IOT Samsara Inc. | +$19M |
| APP AppLovin Corporation | +$66M |
| HUBS HubSpot, Inc. | +$77M |
| AFRM Affirm Holdings, Inc. | +$76M |
| FICO Fair Isaac Corporation | +$60M |
| DASH DoorDash, Inc. | +$45M |
| SNOW Snowflake Inc. | +$53M |
Top sells this quarter · 14
| — | −$0M |
| EXAS Exact Sciences Corporationexit | −$56M |
| APG APi Group Corporation | −$41M |
| DUOL Duolingo, Inc.exit | −$28M |
| GLBE Global-e Online Ltd. | −$23M |
| KNSL Kinsale Capital Group, Inc. | −$21M |
| CSGP CoStar Group, Inc. | −$19M |
| LOAR Loar Holdings Inc. | −$18M |
| CDNS Cadence Design Systems, Inc. | −$11M |
| ILMN Illumina, Inc. | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.34B | 24 | +0.60% | +17.59% | -16.99% | -0.07B |
| 2025-12-31 | $1.91B | 24 | +16.63% | +17.72% | -1.09% | +0.08B |
| 2025-09-30 | $1.78B | 24 | +40.69% | +17.52% | +23.17% | -0.02B |
| 2025-06-30 | $1.64B | 24 | +46.23% | +14.94% | +31.28% | -0.06B |
| 2025-03-31 | $1.41B | 24 | +12.05% | +8.30% | +3.75% | -0.12B |
| 2024-12-31 | $1.78B | 25 | +47.40% | +24.89% | +22.51% | -0.11B |
| 2024-09-30 | $1.52B | 25 | +47.57% | +36.04% | +11.53% | -0.03B |
| 2024-06-30 | $1.37B | 25 | +30.12% | +24.49% | +5.63% | -0.03B |
| 2024-03-31 | $1.50B | 25 | +62.65% | +29.62% | +33.02% | -0.07B |
| 2023-12-31 | $1.39B | 25 | +63.99% | +26.18% | +37.81% | -0.19B |
| 2023-09-30 | $1.28B | 25 | +31.65% | +21.57% | +10.08% | -0.11B |
| 2023-06-30 | $1.38B | 25 | +19.36% | +19.42% | -0.07% | -0.15B |
| 2023-03-31 | $1.33B | 25 | -32.05% | -7.82% | -24.23% | -0.09B |
| 2022-12-31 | $1.24B | 25 | -0.36% | +7.56% | -7.92% | -0.16B |
| 2022-09-30 | $1.41B | 25 | -9.04% | -4.93% | -4.11% | -0.22B |
| 2022-06-30 | $1.80B | 25 | -34.04% | -16.11% | -17.92% | -0.13B |