Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.06%
steady accumulation
Rally response
-0.24%
trims into rallies
when a holding rises +10%+
Top positions · 6
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SRADSportradar Group AG | $489M | 65.0% | -22.6% | 4.8 yr |
| ZZillow Group, Inc. Class | $126M | 16.8% | -39.6% | 7.5 yr |
| LZLegalZoom.com, Inc. | $93M | 12.4% | -34.1% | 5.0 yr |
| TRIPTripadvisor, Inc. | $24M | 3.2% | -24.8% | 8.5 yr |
| PTONPeloton Interactive, Inc | $16M | 2.1% | -32.1% | 6.8 yr |
| ZGZillow Group, Inc. Class | $4M | 0.6% | -38.1% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application65.0%+0.9pp$489M
Internet Content & Information20.5%-1.0pp$155M
Specialty Business Services12.4%+0.1pp$93M
Leisure2.1%+0.1pp$16M
Country
CH65.0%+0.9pp
US35.0%-0.9pp
Top 5: 99.4% · 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 | $752M | 6 | -27.33% | +17.59% | -44.92% | +0.00B |
| 2025-12-31 | $1.13B | 6 | +23.64% | +17.72% | +5.92% | -0.00B |
| 2025-09-30 | $1.27B | 6 | +83.37% | +17.52% | +65.86% | -0.00B |
| 2025-06-30 | $1.24B | 6 | +92.15% | +14.94% | +77.20% | -0.14B |
| 2025-03-31 | $1.15B | 6 | +35.51% | +8.30% | +27.21% | -0.00B |
| 2024-12-31 | $1.01B | 6 | +24.18% | +24.89% | -0.71% | -0.00B |
| 2024-09-30 | $768M | 6 | +6.64% | +36.04% | -29.40% | +0.00B |
| 2024-06-30 | $718M | 6 | -16.70% | +24.49% | -41.19% | +0.00B |
| 2024-03-31 | $848M | 6 | +8.72% | +29.62% | -20.91% | -0.36B |
| 2023-12-31 | $1.16B | 7 | +27.36% | +26.18% | +1.18% | -0.09B |
| 2023-09-30 | $1.11B | 7 | +18.02% | +21.57% | -3.54% | +0.03B |
| 2023-06-30 | $1.29B | 7 | +36.72% | +19.42% | +17.30% | -0.05B |
| 2023-03-31 | $1.21B | 7 | -30.38% | -7.82% | -22.57% | -0.08B |
| 2022-12-31 | $1.06B | 7 | +4.94% | +7.56% | -2.62% | +0.01B |
| 2022-09-30 | $998M | 7 | -3.16% | -4.93% | +1.76% | +0.01B |
| 2022-06-30 | $1.02B | 7 | -43.77% | -16.11% | -27.66% | +0.14B |