Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.08%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.66%
baseline attrition
Rally response
-1.11%
trims into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $55M | 24.9% | — | 5.5 yr |
| QQQInvesco QQQ Trust, Serie | $36M | 16.1% | — | 4.5 yr |
| BRK-BBerkshire Hathaway Inc. | $25M | 11.2% | — | 4.5 yr |
| MSFTMicrosoft Corporation | $21M | 9.4% | -0.6% | 6.0 yr |
| GRNTGranite Ridge Resources, | $19M | 8.5% | +4.6% | 2.5 yr |
| — | $18M | 8.3% | — | 3.0 yr |
| AMZNAmazon.com, Inc. | $17M | 7.5% | +9.5% | 6.0 yr |
| AAPLApple Inc. | $16M | 7.2% | +14.7% | 5.5 yr |
| BABAAlibaba Group Holding Li | $14M | 6.1% | -3.5% | 4.5 yr |
| SLMSLM Corporation | $1M | 0.6% | -25.7% | 0.3 yr |
| NAVINavient Corporation | $1M | 0.2% | -31.5% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information24.9%+14.7pp$55M
Asset Management16.1%-11.4pp$36M
Specialty Retail13.7%+3.6pp$30M
Insurance - Diversified11.2%+0.2pp$25M
Software - Infrastructure9.4%+8.8pp$21M
Oil & Gas Exploration & Production8.5%+0.4pp$19M
Unknown8.3%+1.8pp$18M
Consumer Electronics7.2%+1.7pp$16M
Financial - Credit Services0.9%$2M
Country
US85.6%-2.2pp
Unknown8.3%+1.8pp
CN6.1%+0.4pp
Top 5: 70.0% · Top 10: 99.8% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $221M | 11 | -0.41% | +17.59% | -18.01% | -0.02B |
| 2025-12-31 | $251M | 12 | +5.44% | +17.72% | -12.28% | -0.04B |
| 2025-09-30 | $299M | 19 | +13.75% | +17.52% | -3.77% | +0.03B |
| 2025-06-30 | $262M | 17 | +14.07% | +14.94% | -0.87% | +0.01B |
| 2025-03-31 | $250M | 16 | +18.05% | +8.30% | +9.75% | -0.10B |
| 2024-12-31 | $339M | 18 | +23.66% | +24.89% | -1.23% | +0.00B |
| 2024-09-30 | $321M | 19 | +19.67% | +36.04% | -16.37% | +0.00B |
| 2024-06-30 | $303M | 18 | +16.54% | +24.49% | -7.95% | -0.02B |
| 2024-03-31 | $313M | 19 | +16.51% | +29.62% | -13.11% | -0.00B |
| 2023-12-31 | $292M | 22 | +7.30% | +26.18% | -18.88% | +0.01B |
| 2023-09-30 | $277M | 23 | +8.58% | +21.57% | -12.99% | -0.01B |
| 2023-06-30 | $285M | 21 | +2.58% | +19.42% | -16.84% | -0.01B |
| 2023-03-31 | $286M | 22 | -11.89% | -7.82% | -4.07% | +0.03B |
| 2022-12-31 | $258M | 22 | +2.79% | +7.56% | -4.77% | -0.05B |
| 2022-09-30 | $296M | 24 | -3.88% | -4.93% | +1.05% | +0.01B |
| 2022-06-30 | $297M | 24 | -10.53% | -16.11% | +5.59% | -0.05B |