Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.39%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.41%
baseline attrition
Rally response
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ALITAlight, Inc. | $23M | 95.6% | -89.8% | 4.8 yr |
| SSTSystem1, Inc. | $1M | 4.4% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Application95.6%+69.4pp$23M
Specialty Business Services4.4%$1M
Country
US100.0%+5.3pp
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 | $25M | 2 | -88.57% | +17.59% | -106.16% | -0.00B |
| 2025-12-31 | $80M | 2 | -68.30% | +17.72% | -86.02% | -0.04B |
| 2025-09-30 | $189M | 4 | -51.43% | +17.52% | -68.95% | -0.33B |
| 2025-06-30 | $820M | 5 | -23.11% | +14.94% | -38.05% | -0.06B |
| 2025-03-31 | $916M | 5 | -39.65% | +8.30% | -47.95% | -0.12B |
| 2024-12-31 | $1.22B | 5 | -18.22% | +24.89% | -43.11% | -0.01B |
| 2024-09-30 | $1.30B | 5 | +4.42% | +36.04% | -31.61% | +0.11B |
| 2024-06-30 | $1.19B | 7 | -19.85% | +24.49% | -44.34% | +0.13B |
| 2024-03-31 | $1.42B | 5 | +6.95% | +29.62% | -22.68% | -0.57B |
| 2023-12-31 | $1.72B | 5 | +2.13% | +26.18% | -24.04% | -0.09B |
| 2023-09-30 | $1.51B | 5 | -3.29% | +21.57% | -24.86% | +0.06B |
| 2023-06-30 | $1.89B | 5 | +36.80% | +19.42% | +17.38% | -0.07B |
| 2023-03-31 | $1.95B | 5 | -7.48% | -7.82% | +0.34% | -0.21B |
| 2022-12-31 | $1.96B | 5 | +14.02% | +7.56% | +6.46% | -0.26B |
| 2022-09-30 | $1.94B | 6 | +8.54% | -4.93% | +13.47% | -0.51B |
| 2022-06-30 | $2.26B | 6 | -32.14% | -16.11% | -16.03% | +0.08B |