Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-28.50%
trims when stocks drop
when a holding falls −10%+
Middle response
-26.14%
baseline attrition
Rally response
-31.99%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $263M | 12.5% | +60.9% | 2.5 yr |
| OWLBlue Owl Capital Inc. | $138M | 6.6% | -51.8% | 1.8 yr |
| TSLATesla, Inc. | $111M | 5.3% | +43.4% | 1.8 yr |
| AMZNAmazon.com, Inc. | $107M | 5.1% | +9.5% | 2.8 yr |
| METAMeta Platforms, Inc. | $64M | 3.1% | -0.4% | 3.3 yr |
| TTWOTake-Two Interactive Sof | $52M | 2.5% | -4.7% | 1.3 yr |
| UTHRUnited Therapeutics Corp | $44M | 2.1% | +92.4% | 1.8 yr |
| — | $30M | 1.5% | — | 2.0 yr |
| CGONCG Oncology, Inc. Common | $26M | 1.2% | +176.4% | 0.5 yr |
| PL-WTPlanet Labs PBC | $25M | 1.2% | — | 0.8 yr |
| GOOGLAlphabet Inc. | $24M | 1.2% | — | 1.8 yr |
| BSXBoston Scientific Corpor | $23M | 1.1% | -37.8% | 2.5 yr |
| BUGGlobal X - Cybersecurity | $21M | 1.0% | — | 0.5 yr |
| JNJJohnson & Johnson | $21M | 1.0% | +51.5% | 1.3 yr |
| NFLXNetflix, Inc. | $20M | 1.0% | +3.1% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors14.4%-0.9pp$301M
Asset Management12.1%+9.5pp$254M
Biotechnology10.5%+6.8pp$220M
Specialty Retail5.8%-9.1pp$121M
Auto - Manufacturers5.3%+1.8pp$112M
Internet Content & Information5.0%-5.1pp$105M
Unknown4.5%+2.3pp$94M
Electronic Gaming & Multimedia2.5%+2.2pp$52M
Software - Infrastructure2.2%-17.1pp$47M
Aerospace & Defense2.1%+1.2pp$45M
Country
US88.5%-4.5pp
Unknown4.5%+2.3pp
GB2.8%+2.4pp
BR1.0%+0.9pp
IL0.9%+0.6pp
BM0.6%+0.4pp
CA0.5%-1.0pp
NL0.2%+0.1pp
Top 5: 32.6% · Top 10: 41.0% · Top 25: 54.3%
Top buys this quarter · 15
| OWL Blue Owl Capital Inc. | +$125M |
| NVDA NVIDIA Corporation | +$60M |
| TTWO Take-Two Interactive Software, | +$47M |
| META Meta Platforms, Inc. | +$34M |
| JNJ Johnson & Johnson | +$21M |
| BSX Boston Scientific Corporation | +$18M |
| SWK Stanley Black & Decker, Inc. | +$18M |
| IMCR Immunocore Holdings plc | +$17M |
| CEG Constellation Energy Corporati | +$17M |
| ELVN Enliven Therapeutics, Inc.new | +$15M |
Top sells this quarter · 15
| AAPL Apple Inc.exit | −$119M |
| GOOG Alphabet Inc. | −$114M |
| PBR Petróleo Brasileiro S.A. - Pe | −$71M |
| NFLX Netflix, Inc. | −$53M |
| SATS EchoStar Corporation | −$48M |
| BMY Bristol-Myers Squibb Companyexit | −$32M |
| MSFT Microsoft Corporation | −$29M |
| HWM Howmet Aerospace Inc. | −$28M |
| VSAT Viasat, Inc.exit | −$28M |
| WDC Western Digital Corporation | −$27M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.10B | 532 | +63.76% | +17.59% | +46.17% | -0.21B |
| 2025-12-31 | $2.24B | 537 | +36.04% | +17.72% | +18.33% | +0.32B |
| 2025-09-30 | $1.72B | 586 | +22.97% | +17.52% | +5.46% | +0.38B |
| 2025-06-30 | $1.07B | 491 | +2.61% | +14.94% | -12.33% | -1.43B |
| 2025-03-31 | $2.19B | 511 | -8.17% | +8.30% | -16.47% | +0.14B |
| 2024-12-31 | $2.40B | 503 | +0.31% | +24.89% | -24.58% | +1.46B |
| 2024-09-30 | $924M | 420 | +12.37% | +36.04% | -23.67% | -0.06B |
| 2024-06-30 | $943M | 390 | +3.94% | +24.49% | -20.55% | +0.02B |
| 2024-03-31 | $904M | 363 | +5.07% | +29.62% | -24.55% | +0.05B |
| 2023-12-31 | $917M | 434 | +13.75% | +26.18% | -12.43% | +0.04B |
| 2023-09-30 | $774M | 408 | +7.30% | +21.57% | -14.27% | +0.23B |
| 2023-06-30 | $564M | 338 | +7.21% | +19.42% | -12.21% | +0.09B |
| 2023-03-31 | $464M | 325 | -13.61% | -7.82% | -5.79% | -0.13B |
| 2022-12-31 | $593M | 411 | +6.80% | +7.56% | -0.76% | -0.01B |
| 2022-09-30 | $567M | 500 | -3.77% | -4.93% | +1.16% | -0.50B |
| 2022-06-30 | $1.11B | 471 | -16.91% | -16.11% | -0.80% | -0.14B |