Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.10%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.97%
steady accumulation
Rally response
+1.29%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AVGOBroadcom Inc. | $49M | 6.5% | +86.0% | 7.8 yr |
| NVDANVIDIA Corporation | $40M | 5.2% | +60.9% | 8.5 yr |
| NFLXNetflix, Inc. | $33M | 4.4% | +3.1% | 8.5 yr |
| GOOGLAlphabet Inc. | $33M | 4.3% | — | 8.5 yr |
| AMZNAmazon.com, Inc. | $30M | 3.9% | +9.5% | 8.5 yr |
| TSLATesla, Inc. | $29M | 3.8% | +43.4% | 8.5 yr |
| MELIMercadoLibre, Inc. | $26M | 3.5% | -11.4% | 8.5 yr |
| ISRGIntuitive Surgical, Inc. | $23M | 3.0% | -6.9% | 8.5 yr |
| MUBiShares National Muni Bo | $21M | 2.8% | — | 8.5 yr |
| AAPLApple Inc. | $20M | 2.7% | +14.7% | 8.5 yr |
| COSTCostco Wholesale Corpora | $19M | 2.4% | +5.9% | 8.5 yr |
| CMFiShares California Muni | $16M | 2.1% | — | 8.5 yr |
| NETCloudflare, Inc. | $16M | 2.1% | +83.1% | 1.8 yr |
| SUBiShares Short-Term Natio | $15M | 2.0% | — | 8.5 yr |
| AGGiShares Core U.S. Aggreg | $14M | 1.8% | — | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors18.9%+6.4pp$145M
Asset Management8.1%-0.7pp$62M
Software - Infrastructure7.4%+1.6pp$57M
Specialty Retail7.4%-0.4pp$56M
Internet Content & Information6.6%+2.0pp$51M
Asset Management - Bonds4.7%-6.2pp$36M
Medical - Diagnostics & Research4.6%+1.3pp$35M
Entertainment4.4%+0.0pp$33M
Auto - Manufacturers3.8%+0.6pp$29M
Biotechnology3.7%+0.4pp$29M
Country
US90.5%+0.7pp
UY3.5%-0.4pp
LU1.5%-0.3pp
CH1.4%+0.3pp
GB0.9%
NL0.8%+0.4pp
DE0.6%-0.0pp
TW0.5%
Top 5: 24.3% · Top 10: 40.0% · Top 25: 63.2%
Top buys this quarter · 15
| UBER Uber Technologies, Inc.new | +$8M |
| ALNY Alnylam Pharmaceuticals, Inc.new | +$6M |
| NET Cloudflare, Inc. | +$6M |
| GH Guardant Health, Inc.new | +$5M |
| GRAL GRAIL, Inc. | +$12M |
| ARM Arm Holdings plc American Depo | +$3M |
| VRT Vertiv Holdings Conew | +$3M |
| NFLX Netflix, Inc. | +$3M |
| MTD Mettler-Toledo International I | +$2M |
| DT Dynatrace, Inc. | +$2M |
Top sells this quarter · 15
| EXAS Exact Sciences Corporationexit | −$15M |
| FSLR First Solar, Inc. | −$7M |
| NOW ServiceNow, Inc.exit | −$7M |
| MU Micron Technology, Inc. | −$6M |
| HUBS HubSpot, Inc.exit | −$5M |
| ACN Accenture plcexit | −$4M |
| NVDA NVIDIA Corporation | −$3M |
| DHR Danaher Corporationexit | −$2M |
| TEAM Atlassian Corporationexit | −$2M |
| AVGO Broadcom Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $763M | 103 | +22.29% | +17.59% | +4.70% | -0.00B |
| 2025-12-31 | $831M | 112 | +17.86% | +17.72% | +0.14% | -0.05B |
| 2025-09-30 | $846M | 117 | +18.76% | +17.52% | +1.24% | -0.01B |
| 2025-06-30 | $812M | 116 | +19.42% | +14.94% | +4.48% | -0.08B |
| 2025-03-31 | $742M | 110 | +0.50% | +8.30% | -7.80% | +0.12B |
| 2024-12-31 | $702M | 119 | +16.71% | +24.89% | -8.18% | +0.02B |
| 2024-09-30 | $648M | 121 | +24.21% | +36.04% | -11.83% | -0.01B |
| 2024-06-30 | $613M | 119 | +7.53% | +24.49% | -16.97% | -0.01B |
| 2024-03-31 | $620M | 121 | +14.75% | +29.62% | -14.87% | +0.03B |
| 2023-12-31 | $571M | 121 | +27.20% | +26.18% | +1.02% | -0.03B |
| 2023-09-30 | $539M | 121 | +11.88% | +21.57% | -9.69% | +0.01B |
| 2023-06-30 | $570M | 125 | -11.24% | +19.42% | -30.66% | +0.00B |
| 2023-03-31 | $529M | 171 | -37.42% | -7.82% | -29.60% | +0.02B |
| 2022-12-31 | $443M | 134 | -1.48% | +7.56% | -9.04% | -0.01B |
| 2022-09-30 | $456M | 139 | -26.81% | -4.93% | -21.89% | +0.16B |
| 2022-06-30 | $408M | 130 | -24.31% | -16.11% | -8.20% | +0.01B |