Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.00%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.42%
steady accumulation
Rally response
-15.46%
trims into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SIMOSilicon Motion Technolog | $51M | 51.3% | +127.9% | 2.3 yr |
| SATSEchoStar Corporation | $20M | 20.1% | +357.7% | 1.8 yr |
| CZRCaesars Entertainment, I | $14M | 14.1% | +5.7% | 0.3 yr |
| ABVXAbivax S.A. | $11M | 11.2% | +1681.6% | 0.3 yr |
| ATUSAltice USA, Inc. | $3M | 3.3% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors51.3%+3.7pp$51M
Communication Equipment20.1%-15.2pp$20M
Gambling, Resorts & Casinos14.1%$14M
Biotechnology11.2%+9.7pp$11M
Telecommunications Services3.3%$3M
Country
HK51.3%+3.7pp
US37.5%-15.0pp
FR11.2%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 3
| SATS EchoStar Corporation | +$15M |
| CZR Caesars Entertainment, Inc.new | +$14M |
| ABVX Abivax S.A.new | +$11M |
Top sells this quarter · 1
| SIMO Silicon Motion Technology Corp | −$42M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $99M | 5 | +247.54% | +17.59% | +229.95% | +0.04B |
| 2025-12-31 | $51M | 3 | +202.51% | +17.72% | +184.79% | -0.05B |
| 2025-09-30 | $84M | 2 | +119.65% | +17.52% | +102.13% | -0.03B |
| 2025-06-30 | $59M | 6 | +1.37% | +14.94% | -13.57% | -0.01B |
| 2025-03-31 | $54M | 6 | +9.83% | +8.30% | +1.52% | +0.01B |
| 2024-12-31 | $49M | 4 | +2.13% | +24.89% | -22.76% | -0.51B |
| 2024-09-30 | $616M | 21 | +25.82% | +36.04% | -10.22% | +0.57B |
| 2024-06-30 | $56M | 5 | +25.73% | +24.49% | +1.24% | +0.03B |
| 2024-03-31 | $17M | 3 | -16.37% | +29.62% | -45.99% | -0.01B |
| 2023-12-31 | $29M | 2 | -9.16% | +26.18% | -35.33% | -1.01B |
| 2023-09-30 | $931M | 17 | -15.01% | +21.57% | -36.57% | +0.90B |
| 2023-06-30 | $40M | 4 | -8.87% | +19.42% | -28.29% | -0.05B |
| 2023-03-31 | $94M | 9 | -15.70% | -7.82% | -7.89% | -0.03B |
| 2022-12-31 | $121M | 9 | +4.02% | +7.56% | -3.54% | +0.02B |
| 2022-09-30 | $100M | 8 | -8.52% | -4.93% | -3.59% | +0.02B |
| 2022-06-30 | $90M | 7 | -12.54% | -16.11% | +3.57% | -0.02B |