Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.35%
adds when stocks drop
when a holding falls −10%+
Middle response
+6.59%
steady accumulation
Rally response
-6.59%
trims into rallies
when a holding rises +10%+
Top positions · 7
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NUNu Holdings Ltd. | $469M | 32.9% | +40.3% | 4.3 yr |
| CPNGCoupang, Inc. | $224M | 15.7% | -13.9% | 4.3 yr |
| HTHTH World Group Limited | $178M | 12.5% | +43.2% | 0.8 yr |
| SESea Limited | $176M | 12.3% | -36.5% | 6.5 yr |
| HDBHDFC Bank Limited | $175M | 12.3% | -24.3% | 2.0 yr |
| SIRISirius XM Holdings Inc. | $131M | 9.2% | +7.6% | 1.0 yr |
| GLBKVGCI Liberty, Inc. Series | $73M | 5.1% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Diversified32.9%+8.9pp$469M
Specialty Retail28.0%-15.2pp$400M
Travel Lodging12.5%$178M
Banks - Regional12.3%-5.6pp$175M
Entertainment9.2%+9.0pp$131M
Telecommunications Services5.1%$73M
Country
BR32.9%+8.9pp
KR15.7%+4.3pp
US14.3%+14.1pp
CN12.5%+6.6pp
SG12.3%-28.3pp
IN12.3%-5.6pp
Top 5: 85.7% · Top 10: 100.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.43B | 7 | +4.40% | +17.59% | -13.19% | -0.04B |
| 2025-12-31 | $1.72B | 8 | +32.49% | +17.72% | +14.77% | -0.01B |
| 2025-09-30 | $1.88B | 7 | +42.52% | +17.52% | +25.00% | -0.05B |
| 2025-06-30 | $1.75B | 6 | +54.96% | +14.94% | +40.02% | +0.07B |
| 2025-03-31 | $1.39B | 8 | +48.22% | +8.30% | +39.92% | +0.15B |
| 2024-12-31 | $1.15B | 9 | +78.48% | +24.89% | +53.59% | -0.11B |
| 2024-09-30 | $1.26B | 9 | +87.97% | +36.04% | +51.94% | +0.06B |
| 2024-06-30 | $1.01B | 9 | +42.93% | +24.49% | +18.43% | -0.04B |
| 2024-03-31 | $907M | 8 | +32.98% | +29.62% | +3.36% | -0.19B |
| 2023-12-31 | $847M | 8 | +29.18% | +26.18% | +3.00% | -0.11B |
| 2023-09-30 | $916M | 8 | +29.73% | +21.57% | +8.16% | +0.01B |
| 2023-06-30 | $1.00B | 6 | +47.65% | +19.42% | +28.23% | -0.06B |
| 2023-03-31 | $988M | 6 | +16.67% | -7.82% | +24.49% | +0.02B |
| 2022-12-31 | $766M | 6 | +4.96% | +7.56% | -2.60% | -0.10B |
| 2022-09-30 | $821M | 7 | +3.48% | -4.93% | +8.41% | -0.01B |
| 2022-06-30 | $803M | 7 | -14.82% | -16.11% | +1.29% | +0.27B |