Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.93%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.03%
steady accumulation
Rally response
+4.10%
adds into rallies
when a holding rises +10%+
Top positions · 23
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $163M | 19.8% | +60.9% | 8.5 yr |
| GOOGAlphabet Inc. | $83M | 10.2% | +84.3% | 8.5 yr |
| METAMeta Platforms, Inc. | $69M | 8.4% | -0.4% | 8.3 yr |
| AMZNAmazon.com, Inc. | $62M | 7.5% | +9.5% | 8.3 yr |
| ASMLASML Holding N.V. | $49M | 6.0% | +100.9% | 3.0 yr |
| MELIMercadoLibre, Inc. | $42M | 5.1% | -11.4% | 8.3 yr |
| MAMastercard Incorporated | $40M | 4.9% | -8.5% | 8.5 yr |
| AAPLApple Inc. | $40M | 4.8% | +14.7% | 8.3 yr |
| ISRGIntuitive Surgical, Inc. | $32M | 4.0% | -6.9% | 8.5 yr |
| PANWPalo Alto Networks, Inc. | $32M | 3.9% | -6.0% | 4.8 yr |
| BKNGBooking Holdings Inc. | $26M | 3.2% | -96.3% | 8.3 yr |
| GOOGLAlphabet Inc. | $26M | 3.2% | — | 8.5 yr |
| NOWServiceNow, Inc. | $25M | 3.1% | -34.3% | 6.8 yr |
| LLYEli Lilly and Company | $25M | 3.1% | +12.2% | 0.5 yr |
| NUNu Holdings Ltd. | $24M | 2.9% | +40.3% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors25.8%+6.6pp$212M
Internet Content & Information21.7%+6.1pp$178M
Specialty Retail12.7%-0.9pp$104M
Medical - Devices8.3%-1.0pp$68M
Software - Application6.0%-6.6pp$49M
Financial - Credit Services4.9%-0.9pp$40M
Consumer Electronics4.8%-1.4pp$40M
Software - Infrastructure3.9%-0.4pp$32M
Travel Services3.2%-4.3pp$26M
Drug Manufacturers - General3.1%$25M
Country
US85.9%+4.3pp
NL6.0%+2.9pp
UY5.1%-1.2pp
BR2.9%
Top 5: 51.9% · Top 10: 74.6% · Top 25: 100.0%
Top buys this quarter · 9
| CME CME Group Inc. | +$16M |
| LLY Eli Lilly and Company | +$4M |
| SYK Stryker Corporation | +$17M |
| PANW Palo Alto Networks, Inc. | +$32M |
| UBER Uber Technologies, Inc. | +$24M |
| BKNG Booking Holdings Inc. | +$26M |
| GOOGL Alphabet Inc. | +$26M |
| IVV iShares Core S&P 500 ETF | +$0M |
| ACWI iShares MSCI ACWI ETF | +$0M |
Top sells this quarter · 15
| CRM Salesforce, Inc.exit | −$25M |
| MMYT MakeMyTrip Limitedexit | −$11M |
| SE Sea Limitedexit | −$10M |
| HDB HDFC Bank Limitedexit | −$9M |
| NVDA NVIDIA Corporation | −$3M |
| GOOG Alphabet Inc. | −$2M |
| MELI MercadoLibre, Inc. | −$2M |
| META Meta Platforms, Inc. | −$1M |
| MA Mastercard Incorporated | −$1M |
| ASML ASML Holding N.V. | −$40M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $820M | 23 | +11.20% | +17.59% | -6.39% | -0.03B |
| 2025-12-31 | $988M | 27 | +16.03% | +17.72% | -1.69% | -0.00B |
| 2025-09-30 | $958M | 24 | +18.96% | +17.52% | +1.45% | -0.04B |
| 2025-06-30 | $965M | 24 | +15.32% | +14.94% | +0.37% | +0.04B |
| 2025-03-31 | $770M | 23 | +2.60% | +8.30% | -5.70% | +0.00B |
| 2024-12-31 | $849M | 24 | +31.54% | +24.89% | +6.65% | +0.05B |
| 2024-09-30 | $757M | 30 | +45.78% | +36.04% | +9.74% | +0.09B |
| 2024-06-30 | $668M | 30 | +41.84% | +24.49% | +17.35% | +0.02B |
| 2024-03-31 | $611M | 28 | +48.01% | +29.62% | +18.38% | +0.04B |
| 2023-12-31 | $494M | 31 | +63.31% | +26.18% | +37.14% | -0.01B |
| 2023-09-30 | $430M | 28 | +41.20% | +21.57% | +19.63% | -0.06B |
| 2023-06-30 | $505M | 33 | +34.17% | +19.42% | +14.75% | +0.10B |
| 2023-03-31 | $364M | 30 | -9.29% | -7.82% | -1.48% | -0.02B |
| 2022-12-31 | $302M | 63 | +1.35% | +7.56% | -6.21% | +0.02B |
| 2022-09-30 | $274M | 31 | -6.95% | -4.93% | -2.03% | +0.01B |
| 2022-06-30 | $288M | 70 | -24.64% | -16.11% | -8.53% | -0.04B |