Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.17%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.78%
baseline attrition
Rally response
-12.35%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| METAMeta Platforms, Inc. | $114M | 17.6% | -0.4% | 7.3 yr |
| MSFTMicrosoft Corporation | $92M | 14.3% | -0.6% | 6.3 yr |
| ARESAres Management Corporat | $64M | 10.0% | -23.1% | 2.0 yr |
| TKOTKO Group Holdings, Inc. | $62M | 9.6% | +33.8% | 0.8 yr |
| TDGTransDigm Group Incorpor | $53M | 8.3% | -10.5% | 9.3 yr |
| FAFirst Advantage Corporat | $50M | 7.7% | -16.5% | 3.5 yr |
| KSPIJoint Stock Company Kasp | $47M | 7.3% | -20.2% | 2.3 yr |
| PDDPDD Holdings Inc. | $45M | 7.0% | -13.7% | 2.3 yr |
| LRNStride, Inc. | $23M | 3.6% | -30.3% | 2.0 yr |
| MSCIMSCI Inc. | $23M | 3.5% | -3.4% | 1.0 yr |
| TSMTaiwan Semiconductor Man | $21M | 3.3% | +105.6% | 1.8 yr |
| GOOGAlphabet Inc. | $21M | 3.2% | +84.3% | 5.3 yr |
| DCBODocebo Inc. | $19M | 3.0% | -39.2% | 5.5 yr |
| DOCUDocuSign, Inc. | $11M | 1.7% | -41.8% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure21.6%-9.2pp$139M
Internet Content & Information20.8%-5.8pp$134M
Asset Management10.0%+6.9pp$64M
Entertainment9.6%$62M
Aerospace & Defense8.3%+7.3pp$53M
Specialty Business Services7.7%+3.3pp$50M
Specialty Retail7.0%-3.6pp$45M
Software - Application4.6%-10.3pp$30M
Education & Training Services3.6%-0.1pp$23M
Financial - Data & Stock Exchanges3.5%$23M
Country
US79.5%+11.7pp
KZ7.3%-5.2pp
IE7.0%-3.6pp
TW3.3%-1.6pp
CA3.0%-1.2pp
Top 5: 59.8% · Top 10: 88.9% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $644M | 14 | -4.86% | +17.59% | -22.45% | +0.03B |
| 2025-12-31 | $697M | 16 | +1.72% | +17.72% | -16.00% | -0.07B |
| 2025-09-30 | $810M | 16 | +4.58% | +17.52% | -12.93% | +0.00B |
| 2025-06-30 | $794M | 15 | +7.03% | +14.94% | -7.91% | -0.06B |
| 2025-03-31 | $754M | 15 | -2.84% | +8.30% | -11.14% | +0.04B |
| 2024-12-31 | $765M | 14 | +15.07% | +24.89% | -9.82% | -0.09B |
| 2024-09-30 | $883M | 12 | +42.21% | +36.04% | +6.18% | -0.05B |
| 2024-06-30 | $893M | 11 | +37.79% | +24.49% | +13.30% | -0.00B |
| 2024-03-31 | $873M | 12 | +45.60% | +29.62% | +15.97% | +0.14B |
| 2023-12-31 | $660M | 10 | +63.95% | +26.18% | +37.77% | -0.15B |
| 2023-09-30 | $671M | 12 | +42.31% | +21.57% | +20.74% | -0.06B |
| 2023-06-30 | $725M | 13 | +28.96% | +19.42% | +9.54% | -0.04B |
| 2023-03-31 | $710M | 11 | -13.73% | -7.82% | -5.91% | +0.03B |
| 2022-12-31 | $544M | 12 | +4.28% | +7.56% | -3.28% | +0.08B |
| 2022-09-30 | $449M | 11 | -8.73% | -4.93% | -3.80% | +0.02B |
| 2022-06-30 | $470M | 8 | -27.62% | -16.11% | -11.51% | -0.23B |