Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.37%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.54%
baseline attrition
Rally response
-4.31%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $13M | 4.4% | +17.6% | 7.8 yr |
| IRENIREN Limited | $11M | 3.6% | +462.9% | 1.8 yr |
| AMDAdvanced Micro Devices, | $9M | 3.1% | +98.0% | 8.5 yr |
| HIMSHims & Hers Health, Inc. | $9M | 2.9% | -29.7% | 2.0 yr |
| METAMeta Platforms, Inc. | $8M | 2.8% | -0.4% | 8.0 yr |
| APPAppLovin Corporation | $7M | 2.3% | +50.2% | 1.8 yr |
| MUMicron Technology, Inc. | $6M | 2.2% | +289.6% | 8.5 yr |
| SUSuncor Energy Inc. | $6M | 2.0% | +77.6% | 5.0 yr |
| TJXThe TJX Companies, Inc. | $5M | 1.8% | +32.7% | 7.3 yr |
| NUNu Holdings Ltd. | $5M | 1.7% | +40.3% | 0.3 yr |
| MELIMercadoLibre, Inc. | $5M | 1.7% | -11.4% | 6.0 yr |
| NVDANVIDIA Corporation | $5M | 1.6% | +60.9% | 6.3 yr |
| BRK-BBerkshire Hathaway Inc. | $5M | 1.6% | — | 8.5 yr |
| XPOXPO Logistics, Inc. | $5M | 1.5% | +80.8% | 4.5 yr |
| AMZNAmazon.com, Inc. | $5M | 1.5% | +9.5% | 8.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management9.4%-3.9pp$28M
Semiconductors8.1%+2.5pp$24M
Software - Application5.1%+2.0pp$15M
Financial - Capital Markets4.9%+3.6pp$14M
Specialty Retail4.7%-0.9pp$14M
Aerospace & Defense4.5%-0.1pp$13M
Internet Content & Information4.3%+0.5pp$13M
Banks - Diversified3.6%+0.6pp$11M
Drug Manufacturers - General3.1%-0.9pp$9M
Apparel - Retail3.1%+0.7pp$9M
Country
US82.4%-7.6pp
AU3.6%+3.1pp
CA3.3%+0.5pp
BR3.3%+2.4pp
UY1.7%+0.1pp
Unknown0.9%+0.7pp
CH0.8%-0.4pp
IL0.7%+0.2pp
Top 5: 16.9% · Top 10: 26.8% · Top 25: 47.3%
Top buys this quarter · 15
| APP AppLovin Corporation | +$6M |
| NU Nu Holdings Ltd.new | +$5M |
| IREN IREN Limited | +$2M |
| META Meta Platforms, Inc. | +$2M |
| DUOL Duolingo, Inc. | +$2M |
| SPY State Street SPDR S&P 500 ETF | +$2M |
| ORCL Oracle Corporation | +$2M |
| CIFR Cipher Mining Inc. | +$1M |
| ASST Strive, Inc.new | +$1M |
| ROST Ross Stores, Inc. | +$1M |
Top sells this quarter · 15
| ASTS AST SpaceMobile, Inc. | −$10M |
| AMAT Applied Materials, Inc. | −$4M |
| JPM JPMorgan Chase & Co. | −$3M |
| ONDS Ondas Holdings Inc.exit | −$3M |
| MU Micron Technology, Inc. | −$2M |
| WMT Walmart Inc. | −$2M |
| CVX Chevron Corporation | −$2M |
| LUNR Intuitive Machines, Inc.exit | −$2M |
| MELI MercadoLibre, Inc. | −$2M |
| AMGN Amgen Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $297M | 164 | +28.95% | +17.59% | +11.36% | +0.00B |
| 2025-12-31 | $305M | 160 | +28.02% | +17.72% | +10.30% | -0.03B |
| 2025-09-30 | $320M | 162 | +23.26% | +17.52% | +5.74% | +0.01B |
| 2025-06-30 | $278M | 160 | +16.52% | +14.94% | +1.58% | +0.01B |
| 2025-03-31 | $233M | 154 | +3.04% | +8.30% | -5.26% | -0.00B |
| 2024-12-31 | $243M | 162 | +17.73% | +24.89% | -7.16% | +0.01B |
| 2024-09-30 | $227M | 160 | +33.43% | +36.04% | -2.61% | -0.00B |
| 2024-06-30 | $215M | 156 | +27.65% | +24.49% | +3.16% | +0.00B |
| 2024-03-31 | $210M | 151 | +32.41% | +29.62% | +2.79% | +0.01B |
| 2023-12-31 | $181M | 154 | +24.66% | +26.18% | -1.52% | +0.01B |
| 2023-09-30 | $148M | 140 | +19.72% | +21.57% | -1.85% | -0.00B |
| 2023-06-30 | $148M | 140 | +14.84% | +19.42% | -4.59% | -0.03B |
| 2023-03-31 | $169M | 153 | -5.89% | -7.82% | +1.93% | -0.01B |
| 2022-12-31 | $175M | 152 | -13.03% | -18.17% | +5.15% | +0.00B |
| 2022-09-30 | $157M | 149 | -12.41% | -15.51% | +3.10% | -0.00B |
| 2022-06-30 | $166M | 154 | -9.10% | -10.62% | +1.52% | +0.00B |