Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.30%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.33%
steady accumulation
Rally response
-10.97%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SSentinelOne, Inc. | $112M | 56.0% | -29.2% | 3.5 yr |
| BTGOBitGo Holdings, Inc. | $88M | 44.0% | — | 0.3 yr |
| CYNCyngn Inc. | $0M | 0.0% | -63.4% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure56.0%-1.4pp$112M
Financial - Capital Markets44.0%$88M
Software - Application0.0%-0.0pp$0M
Country
US100.0%+39.2pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| BTGO BitGo Holdings, Inc.new | +$88M |
Top sells this quarter · 1
| BIOA BioAge Labs, Inc.exit | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $201M | 3 | -19.60% | +17.59% | -37.19% | +0.08B |
| 2025-12-31 | $136M | 3 | -19.49% | +17.72% | -37.21% | -0.01B |
| 2025-09-30 | $166M | 5 | -17.64% | +17.52% | -35.15% | -0.00B |
| 2025-06-30 | $170M | 5 | -10.31% | +14.94% | -25.25% | -0.13B |
| 2025-03-31 | $277M | 6 | -17.34% | +8.30% | -25.64% | +0.00B |
| 2024-12-31 | $317M | 6 | +8.93% | +24.89% | -15.96% | -0.16B |
| 2024-09-30 | $535M | 7 | +50.35% | +36.04% | +14.31% | -0.14B |
| 2024-06-30 | $630M | 6 | +27.77% | +24.49% | +3.28% | -0.09B |
| 2024-03-31 | $730M | 8 | +75.83% | +29.62% | +46.21% | -0.29B |
| 2023-12-31 | $890M | 8 | +101.82% | +26.18% | +75.64% | +0.29B |
| 2023-09-30 | $486M | 10 | +42.15% | +21.57% | +20.58% | -0.10B |
| 2023-06-30 | $641M | 11 | +83.67% | +19.42% | +64.25% | -0.09B |
| 2023-03-31 | $535M | 11 | -28.77% | -7.82% | -20.96% | -0.00B |
| 2022-12-31 | $410M | 8 | -12.56% | +7.56% | -20.12% | +0.15B |
| 2022-09-30 | $297M | 8 | +17.20% | -4.93% | +22.13% | -0.36B |
| 2022-06-30 | $559M | 8 | -47.24% | -16.11% | -31.13% | +0.02B |