Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-16.46%
trims when stocks drop
when a holding falls −10%+
Middle response
-26.68%
baseline attrition
Rally response
-32.10%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QXOQXO, Inc. | $5M | 1.2% | +43.4% | 0.5 yr |
| NVDANVIDIA Corporation | $5M | 1.2% | +60.9% | 4.5 yr |
| BRKRPBruker Corporation 6.375 | $4M | 1.1% | — | 2.0 yr |
| GOOGAlphabet Inc. | $4M | 1.1% | +84.3% | 1.5 yr |
| CTSHCognizant Technology Sol | $4M | 1.1% | -18.4% | 2.8 yr |
| TNLTravel + Leisure Co. | $4M | 1.0% | +55.0% | 3.0 yr |
| IMAXIMAX Corporation | $4M | 1.0% | +44.3% | 0.5 yr |
| CRDOCredo Technology Group H | $4M | 1.0% | +133.7% | 0.3 yr |
| ALBAlbemarle Corporation | $4M | 1.0% | +153.7% | 2.3 yr |
| LLoews Corporation | $4M | 1.0% | +16.4% | 1.3 yr |
| AAPLApple Inc. | $4M | 1.0% | +14.7% | 6.0 yr |
| ISRGIntuitive Surgical, Inc. | $4M | 1.0% | -6.9% | 1.3 yr |
| F-PDFord Motor Company 6.500 | $4M | 1.0% | -0.8% | 4.5 yr |
| KLACKLA Corporation | $4M | 0.9% | +118.2% | 1.8 yr |
| CICigna Corporation | $4M | 0.9% | -17.2% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors6.6%+1.9pp$25M
Biotechnology5.9%+3.3pp$22M
Software - Infrastructure4.9%-0.4pp$19M
Aerospace & Defense3.6%+1.0pp$14M
Medical - Healthcare Plans3.5%+2.5pp$13M
Medical - Devices3.1%+1.3pp$12M
Oil & Gas Exploration & Production3.0%+1.5pp$11M
Banks - Regional2.7%+1.9pp$10M
Software - Application2.3%-0.3pp$9M
Hardware, Equipment & Parts2.3%+2.3pp$9M
Country
US93.2%-4.8pp
Unknown2.0%+1.8pp
CA1.2%
LU0.8%
GB0.8%+0.7pp
KR0.5%+0.3pp
BR0.4%
BM0.3%
Top 5: 5.7% · Top 10: 10.7% · Top 25: 24.0%
Top buys this quarter · 15
| CRDO Credo Technology Group Holdingnew | +$4M |
| L Loews Corporation | +$4M |
| CTSH Cognizant Technology Solutions | +$4M |
| FSLY Fastly, Inc. | +$3M |
| KLAC KLA Corporation | +$3M |
| ROK Rockwell Automation, Inc. | +$2M |
| MDB MongoDB, Inc. | +$2M |
| EXE Expand Energy Corporation | +$2M |
| IT Gartner, Inc. | +$2M |
| MKC McCormick & Company, Incorpora | +$2M |
Top sells this quarter · 15
| TTMI TTM Technologies, Inc.exit | −$10M |
| CIEN Ciena Corporation | −$9M |
| WELL Welltower Inc.exit | −$8M |
| MPC Marathon Petroleum Corporationexit | −$8M |
| ROIV Roivant Sciences Ltd. | −$8M |
| CAH Cardinal Health, Inc. | −$7M |
| DLB Dolby Laboratories, Inc.exit | −$7M |
| RSI Rush Street Interactive, Inc. | −$7M |
| HST Host Hotels & Resorts, Inc.exit | −$7M |
| UEC Uranium Energy Corp.exit | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $379M | 315 | +34.33% | +17.59% | +16.74% | -0.28B |
| 2025-12-31 | $633M | 336 | +27.26% | +17.72% | +9.54% | +0.21B |
| 2025-09-30 | $409M | 373 | +28.23% | +17.52% | +10.71% | +0.05B |
| 2025-06-30 | $312M | 342 | +18.83% | +14.94% | +3.88% | -0.03B |
| 2025-03-31 | $314M | 269 | +20.19% | +8.30% | +11.89% | -0.17B |
| 2024-12-31 | $496M | 256 | +32.91% | +26.30% | +6.61% | +0.17B |
| 2024-09-30 | $309M | 262 | +26.10% | +19.26% | +6.84% | -0.24B |
| 2024-06-30 | $510M | 219 | +27.54% | +22.56% | +4.97% | +0.46B |
| 2023-12-31 | $45M | 271 | +21.91% | +26.30% | -4.39% | -0.20B |
| 2023-09-30 | $228M | 307 | +1.32% | +7.55% | -6.23% | +0.04B |
| 2023-06-30 | $190M | 276 | -10.64% | -6.77% | -3.87% | +0.03B |
| 2022-12-31 | $148M | 311 | +4.49% | +7.56% | -3.07% | +0.11B |
| 2022-09-30 | $38M | 369 | -9.84% | -4.93% | -4.91% | +0.00B |
| 2022-06-30 | $37M | 381 | -12.10% | -16.11% | +4.01% | -0.06B |
| 2022-03-31 | $111M | 466 | — | — | — | +0.04B |
| 2021-12-31 | $70M | 416 | — | — | — | -0.02B |