Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.30%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.68%
baseline attrition
Rally response
-23.66%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $86M | 12.0% | +60.9% | 4.3 yr |
| TSMTaiwan Semiconductor Man | $53M | 7.4% | +105.6% | 1.3 yr |
| TSLATesla, Inc. | $50M | 7.0% | +43.4% | 1.8 yr |
| GEGE Aerospace | $43M | 6.0% | +42.5% | 1.5 yr |
| BABAAlibaba Group Holding Li | $38M | 5.3% | -3.5% | 3.3 yr |
| JCIJohnson Controls Interna | $32M | 4.4% | +65.7% | 1.0 yr |
| ORCLOracle Corporation | $21M | 2.9% | +5.9% | 2.0 yr |
| PLTRPalantir Technologies In | $21M | 2.9% | +73.3% | 1.3 yr |
| HOODRobinhood Markets, Inc. | $20M | 2.7% | +66.5% | 2.0 yr |
| MSFTMicrosoft Corporation | $19M | 2.7% | -0.6% | 4.8 yr |
| AMDAdvanced Micro Devices, | $19M | 2.6% | +98.0% | 2.0 yr |
| METAMeta Platforms, Inc. | $19M | 2.6% | -0.4% | 2.8 yr |
| RBLXRoblox Corporation | $18M | 2.5% | -3.0% | 1.8 yr |
| GLWCorning Incorporated | $18M | 2.5% | +201.5% | 0.3 yr |
| TEMTempus AI, Inc. | $17M | 2.3% | -6.3% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors28.1%+16.8pp$202M
Software - Infrastructure10.5%-1.3pp$75M
Aerospace & Defense10.0%+5.7pp$72M
Auto - Manufacturers8.6%+7.0pp$62M
Hardware, Equipment & Parts5.7%+5.1pp$41M
Specialty Retail5.3%-4.7pp$38M
Industrial - Machinery4.4%+3.6pp$32M
Internet Content & Information3.5%+1.8pp$25M
Financial - Capital Markets2.7%+0.1pp$20M
Medical - Healthcare Information Services2.6%-0.1pp$19M
Country
US71.7%-1.0pp
CN13.2%-0.2pp
TW7.4%+6.4pp
IE4.4%+3.6pp
SG2.3%-0.2pp
IN1.0%-1.2pp
Top 5: 37.7% · Top 10: 53.3% · Top 25: 85.6%
Top buys this quarter · 15
| GLW Corning Incorporatednew | +$18M |
| FORM FormFactor, Inc.new | +$14M |
| AMD Advanced Micro Devices, Inc. | +$14M |
| APP AppLovin Corporation | +$11M |
| ALB Albemarle Corporationnew | +$9M |
| TAL TAL Education Group | +$7M |
| HOOD Robinhood Markets, Inc. | +$20M |
| TER Teradyne, Inc. | +$6M |
| ORCL Oracle Corporation | +$21M |
| JCI Johnson Controls International | +$3M |
Top sells this quarter · 15
| AVGO Broadcom Inc.exit | −$40M |
| HII Huntington Ingalls Industries,exit | −$28M |
| PWR Quanta Services, Inc. | −$28M |
| WM Waste Management, Inc.exit | −$21M |
| SNDK Sandisk Corporationexit | −$20M |
| BE Bloom Energy Corporationexit | −$17M |
| AXON Axon Enterprise, Inc.exit | −$17M |
| TT Trane Technologies plcexit | −$16M |
| GEV GE Vernova Inc. | −$15M |
| TSM Taiwan Semiconductor Manufactu | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $718M | 39 | +38.61% | +17.59% | +21.02% | -0.21B |
| 2025-12-31 | $963M | 43 | +41.42% | +17.72% | +23.71% | +0.02B |
| 2025-09-30 | $971M | 49 | +59.61% | +17.52% | +42.10% | +0.20B |
| 2025-06-30 | $628M | 46 | +35.99% | +14.94% | +21.05% | -0.34B |
| 2025-03-31 | $806M | 57 | +26.34% | +8.30% | +18.04% | -0.00B |
| 2024-12-31 | $824M | 51 | +48.70% | +24.89% | +23.81% | +0.40B |
| 2024-09-30 | $382M | 32 | +45.72% | +36.04% | +9.68% | -0.06B |
| 2024-06-30 | $424M | 37 | +36.86% | +24.49% | +12.37% | +0.01B |
| 2024-03-31 | $368M | 38 | +36.72% | +29.62% | +7.10% | -0.09B |
| 2023-12-31 | $397M | 15 | +31.37% | +26.18% | +5.20% | -0.15B |
| 2023-09-30 | $507M | 24 | +23.02% | +21.57% | +1.46% | -0.05B |
| 2023-06-30 | $568M | 26 | +24.35% | +19.42% | +4.92% | +0.01B |
| 2023-03-31 | $500M | 25 | -14.27% | -7.82% | -6.45% | +0.13B |
| 2022-12-31 | $333M | 23 | +0.93% | +7.56% | -6.63% | +0.02B |
| 2022-09-30 | $306M | 24 | -0.71% | -4.93% | +4.22% | +0.04B |
| 2022-06-30 | $263M | 21 | -23.14% | -16.11% | -7.03% | +0.11B |