Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-67.91%
trims when stocks drop
when a holding falls −10%+
Middle response
-71.42%
baseline attrition
Rally response
+7.20%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| KWEBKraneShares CSI China In | $215M | 19.6% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $134M | 12.2% | — | 0.5 yr |
| CGONCG Oncology, Inc. Common | $97M | 8.9% | — | 0.5 yr |
| SPYState Street SPDR S&P 50 | $65M | 5.9% | — | 0.5 yr |
| QQQInvesco QQQ Trust, Serie | $62M | 5.6% | — | 0.5 yr |
| HYGiShares iBoxx $ High Yie | $37M | 3.4% | — | 0.5 yr |
| MUBiShares National Muni Bo | $29M | 2.7% | — | 0.3 yr |
| LQDiShares iBoxx $ Investme | $28M | 2.6% | — | 0.5 yr |
| NVDANVIDIA Corporation | $25M | 2.3% | — | 0.5 yr |
| IWMiShares Russell 2000 ETF | $21M | 1.9% | — | 0.5 yr |
| TSMTaiwan Semiconductor Man | $15M | 1.4% | — | 0.5 yr |
| AMZNAmazon.com, Inc. | $15M | 1.4% | — | 0.5 yr |
| AAPLApple Inc. | $15M | 1.3% | — | 0.5 yr |
| AVGOBroadcom Inc. | $13M | 1.2% | — | 0.5 yr |
| SMHVanEck Semiconductor ETF | $12M | 1.1% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management46.4%$509M
Internet Content & Information13.6%$149M
Biotechnology11.5%$126M
Asset Management - Bonds6.0%$66M
Semiconductors5.6%$61M
Software - Infrastructure1.8%$19M
Specialty Retail1.4%$16M
Consumer Electronics1.3%$15M
Unknown1.2%$13M
Entertainment1.2%$13M
Country
US95.9%
TW1.4%
Unknown1.2%
NL0.4%
BR0.3%
CA0.2%
IE0.2%
GB0.2%
Top 5: 52.3% · Top 10: 65.1% · Top 25: 78.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| TSM Taiwan Semiconductor Manufactu | +$12M |
| AVGO Broadcom Inc. | +$11M |
| NFLX Netflix, Inc. | +$11M |
| AAPL Apple Inc. | +$11M |
| MSFT Microsoft Corporation | +$7M |
| COST Costco Wholesale Corporation | +$7M |
| HD The Home Depot, Inc. | +$7M |
| TNGX Tango Therapeutics, Inc.new | +$6M |
| MU Micron Technology, Inc. | +$6M |
| NERV Minerva Neurosciences, Inc.new | +$5M |
Top sells this quarter · 15
| GOOG Alphabet Inc. | −$175M |
| NVDA NVIDIA Corporation | −$96M |
| META Meta Platforms, Inc. | −$48M |
| SPY State Street SPDR S&P 500 ETF | −$42M |
| PLTR Palantir Technologies Inc. | −$29M |
| AMZN Amazon.com, Inc. | −$23M |
| COGT Cogent Biosciences, Inc.exit | −$4M |
| AKAM Akamai Technologies, Inc.exit | −$3M |
| AMD Advanced Micro Devices, Inc. | −$2M |
| LQDA Liquidia Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.10B | 321 | -1.33% | -4.37% | +3.04% | -0.04B |
| 2025-12-31 | $1.15B | 993 | — | — | — | — |