Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.63%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.64%
baseline attrition
Rally response
-4.45%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GEVGE Vernova Inc. | $44M | 7.9% | +186.8% | 2.0 yr |
| VRTVertiv Holdings Co | $41M | 7.4% | +247.5% | 6.3 yr |
| TSMTaiwan Semiconductor Man | $26M | 4.7% | +105.6% | 1.8 yr |
| NVDANVIDIA Corporation | $20M | 3.6% | +60.9% | 5.5 yr |
| HUT.TOHut 8 Mining Corp. | $20M | 3.6% | +290.2% | 0.8 yr |
| AGXArgan, Inc. | $20M | 3.6% | +318.5% | 1.3 yr |
| APHAmphenol Corporation | $18M | 3.3% | +93.6% | 6.8 yr |
| FNFabrinet | $18M | 3.2% | +164.0% | 0.5 yr |
| GEGE Aerospace | $18M | 3.2% | +42.5% | 2.8 yr |
| MAMastercard Incorporated | $17M | 3.1% | -8.5% | 8.5 yr |
| STTState Street Corporation | $17M | 3.1% | +44.6% | 1.0 yr |
| MUMicron Technology, Inc. | $17M | 3.0% | +289.6% | 2.8 yr |
| AAPLApple Inc. | $16M | 2.8% | +14.7% | 6.3 yr |
| MKSIMKS Inc. | $16M | 2.8% | +188.8% | 0.3 yr |
| ONDSOndas Holdings Inc. | $15M | 2.6% | +744.9% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Hardware, Equipment & Parts15.6%+9.5pp$87M
Semiconductors15.0%+9.6pp$83M
Electrical Equipment & Parts11.2%+6.8pp$63M
Engineering & Construction9.8%$54M
Renewable Utilities7.9%+1.5pp$44M
Financial - Capital Markets6.5%+5.2pp$36M
Financial - Credit Services5.6%-7.8pp$31M
Asset Management5.1%$28M
Communication Equipment4.2%$23M
Internet Content & Information3.8%-7.6pp$21M
Country
US84.5%-8.3pp
TW4.7%+3.8pp
CA4.6%
KY3.2%
LU1.3%-4.6pp
HK0.9%
AU0.9%
Top 5: 27.2% · Top 10: 43.5% · Top 25: 81.7%
Top buys this quarter · 15
| MKSI MKS Inc.new | +$16M |
| DOCN DigitalOcean Holdings, Inc.new | +$13M |
| AEIS Advanced Energy Industries, Innew | +$12M |
| FN Fabrinet | +$9M |
| LITE Lumentum Holdings Inc.new | +$9M |
| AAOI Applied Optoelectronics, Inc.new | +$6M |
| SIMO Silicon Motion Technology Corpnew | +$5M |
| MTSI MACOM Technology Solutions Holnew | +$4M |
| BKD Brookdale Senior Living Inc. | +$3M |
| JBL Jabil Inc.new | +$2M |
Top sells this quarter · 15
| AXP American Express Companyexit | −$24M |
| CE Celanese Corporationexit | −$22M |
| URI United Rentals, Inc.exit | −$20M |
| C Citigroup Inc.exit | −$17M |
| MSFT Microsoft Corporationexit | −$17M |
| STT State Street Corporation | −$16M |
| EVR Evercore Inc.exit | −$14M |
| IREN IREN Limited | −$13M |
| STRL Sterling Infrastructure, Inc. | −$12M |
| ASH Ashland Inc.exit | −$10M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $558M | 43 | +84.26% | +17.59% | +66.67% | -0.19B |
| 2025-12-31 | $688M | 48 | +61.21% | +17.72% | +43.49% | -0.03B |
| 2025-09-30 | $689M | 56 | +65.17% | +17.52% | +47.65% | +0.13B |
| 2025-06-30 | $441M | 43 | +41.19% | +14.94% | +26.25% | +0.11B |
| 2025-03-31 | $260M | 28 | +12.69% | +8.30% | +4.39% | -0.09B |
| 2024-12-31 | $369M | 37 | +42.60% | +24.89% | +17.71% | +0.02B |
| 2024-09-30 | $321M | 38 | +51.54% | +36.04% | +15.51% | +0.05B |
| 2024-06-30 | $255M | 25 | +34.16% | +24.49% | +9.67% | +0.01B |
| 2024-03-31 | $240M | 24 | +46.74% | +29.62% | +17.11% | +0.01B |
| 2023-12-31 | $194M | 24 | +32.57% | +26.18% | +6.39% | -0.01B |
| 2023-09-30 | $175M | 25 | +24.57% | +21.57% | +3.01% | -0.00B |
| 2023-06-30 | $188M | 24 | +26.21% | +19.42% | +6.78% | +0.03B |
| 2023-03-31 | $142M | 19 | -6.43% | -7.82% | +1.39% | -0.09B |
| 2022-12-31 | $211M | 24 | +7.16% | +7.56% | -0.40% | -0.01B |
| 2022-09-30 | $201M | 27 | -3.10% | -4.93% | +1.83% | -0.04B |
| 2022-06-30 | $249M | 24 | -16.80% | -16.11% | -0.69% | -0.15B |