Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.54%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.92%
baseline attrition
Rally response
-0.03%
trims into rallies
when a holding rises +10%+
Top positions · 6
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BLKBBlackbaud, Inc. | $377M | 55.3% | -37.8% | 5.5 yr |
| BLBlackLine, Inc. | $211M | 31.1% | -23.6% | 5.0 yr |
| FWRDForward Air Corporation | $64M | 9.4% | -16.8% | 1.0 yr |
| GRABGrab Holdings Limited | $20M | 3.0% | -19.2% | 4.5 yr |
| HLLYHolley Inc. | $8M | 1.2% | +19.5% | 4.8 yr |
| GRABWGrab Holdings Limited | $0M | 0.0% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application89.4%-2.2pp$608M
Integrated Freight & Logistics9.4%$64M
Auto - Parts1.2%+0.5pp$8M
Country
US97.0%+7.3pp
SG3.0%+0.4pp
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 | $680M | 6 | -31.66% | +17.59% | -49.25% | -0.00B |
| 2025-12-31 | $1.07B | 6 | -11.09% | +17.72% | -28.81% | -0.00B |
| 2025-09-30 | $1.07B | 6 | -16.03% | +17.52% | -33.54% | +0.00B |
| 2025-06-30 | $1.08B | 6 | -5.80% | +14.94% | -20.74% | +0.01B |
| 2025-03-31 | $991M | 6 | -18.46% | +8.30% | -26.76% | -0.03B |
| 2024-12-31 | $1.23B | 6 | -9.35% | +24.89% | -34.24% | -0.00B |
| 2024-09-30 | $1.31B | 6 | +13.11% | +36.04% | -22.93% | +0.05B |
| 2024-06-30 | $1.12B | 6 | +1.82% | +24.49% | -22.67% | -0.06B |
| 2024-03-31 | $1.27B | 8 | +8.04% | +29.62% | -21.58% | +0.13B |
| 2023-12-31 | $1.23B | 6 | +26.66% | +26.18% | +0.48% | -0.27B |
| 2023-09-30 | $1.28B | 7 | +25.96% | +21.57% | +4.39% | -0.23B |
| 2023-06-30 | $1.51B | 7 | +8.49% | +19.42% | -10.94% | -0.08B |
| 2023-03-31 | $1.60B | 6 | +4.89% | -7.82% | +12.70% | -0.01B |
| 2022-12-31 | $1.49B | 7 | +16.92% | +7.56% | +9.36% | -0.05B |
| 2022-09-30 | $1.32B | 8 | -13.53% | -4.93% | -8.61% | +0.02B |
| 2022-06-30 | $1.50B | 8 | -3.97% | -16.11% | +12.14% | +0.50B |