Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.85%
trims when stocks drop
when a holding falls −10%+
Middle response
-11.96%
baseline attrition
Rally response
-8.24%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| RACEFerrari N.V. | $78M | 5.2% | -20.3% | 4.5 yr |
| AMZNAmazon.com, Inc. | $57M | 3.8% | +9.5% | 8.5 yr |
| BJBJ's Wholesale Club Hold | $54M | 3.6% | -13.7% | 5.5 yr |
| CATCaterpillar Inc. | $50M | 3.3% | +117.8% | 1.8 yr |
| NVDANVIDIA Corporation | $49M | 3.3% | +60.9% | 5.3 yr |
| MSFTMicrosoft Corporation | $44M | 3.0% | -0.6% | 8.5 yr |
| METAMeta Platforms, Inc. | $44M | 2.9% | -0.4% | 3.3 yr |
| BIDUBaidu, Inc. | $39M | 2.6% | +21.1% | 0.8 yr |
| NFLXNetflix, Inc. | $36M | 2.4% | +3.1% | 7.0 yr |
| DHID.R. Horton, Inc. | $36M | 2.4% | +9.2% | 2.3 yr |
| AMDAdvanced Micro Devices, | $35M | 2.4% | +98.0% | 3.8 yr |
| EQTEQT Corporation | $35M | 2.3% | +20.5% | 0.3 yr |
| AMATApplied Materials, Inc. | $34M | 2.3% | +137.6% | 4.3 yr |
| AVGOBroadcom Inc. | $33M | 2.2% | +86.0% | 2.8 yr |
| UBERUber Technologies, Inc. | $32M | 2.2% | -1.3% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors16.0%+10.2pp$240M
Internet Content & Information7.5%+4.3pp$112M
Auto - Manufacturers7.3%+2.4pp$110M
Software - Infrastructure6.0%+0.1pp$89M
Specialty Retail6.0%-0.9pp$89M
Aerospace & Defense5.7%-1.5pp$86M
Discount Stores5.6%-0.9pp$83M
Agricultural - Machinery4.5%+2.5pp$67M
Software - Application4.1%-0.4pp$61M
Entertainment3.7%-3.5pp$55M
Country
US79.1%-4.8pp
IT5.2%+0.3pp
CN3.7%+0.9pp
GB3.3%+1.3pp
SG1.8%-0.5pp
AR1.5%
Unknown1.5%+0.8pp
CA1.1%-0.2pp
Top 5: 19.2% · Top 10: 32.5% · Top 25: 62.4%
Top buys this quarter · 15
| BJ BJ's Wholesale Club Holdings, | +$45M |
| EQT EQT Corporationnew | +$35M |
| AMZN Amazon.com, Inc. | +$31M |
| NFLX Netflix, Inc. | +$29M |
| YPF YPF Sociedad Anónimanew | +$23M |
| PFE Pfizer Inc.new | +$21M |
| NET Cloudflare, Inc.new | +$21M |
| PEP PepsiCo, Inc.new | +$19M |
| AMD Advanced Micro Devices, Inc. | +$17M |
| INTC Intel Corporation | +$16M |
Top sells this quarter · 15
| META Meta Platforms, Inc. | −$78M |
| AMAT Applied Materials, Inc. | −$48M |
| COST Costco Wholesale Corporation | −$44M |
| MSI Motorola Solutions, Inc. | −$26M |
| WDC Western Digital Corporation | −$22M |
| DHI D.R. Horton, Inc. | −$21M |
| CAT Caterpillar Inc. | −$19M |
| AAPL Apple Inc. | −$19M |
| NTNX Nutanix, Inc.exit | −$18M |
| AVAV AeroVironment, Inc. | −$13M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.50B | 73 | +35.19% | +17.59% | +17.60% | +0.01B |
| 2025-12-31 | $1.56B | 67 | +34.58% | +17.72% | +16.86% | -0.31B |
| 2025-09-30 | $1.79B | 62 | +30.89% | +17.52% | +13.37% | -0.17B |
| 2025-06-30 | $1.74B | 68 | +19.84% | +14.94% | +4.89% | +0.27B |
| 2025-03-31 | $1.23B | 67 | +5.03% | +8.30% | -3.27% | -0.49B |
| 2024-12-31 | $1.80B | 97 | +25.27% | +24.89% | +0.39% | -0.15B |
| 2024-09-30 | $1.92B | 105 | +37.64% | +36.04% | +1.60% | -0.06B |
| 2024-06-30 | $1.91B | 98 | +27.56% | +24.49% | +3.06% | -0.28B |
| 2024-03-31 | $2.09B | 97 | +31.48% | +29.62% | +1.86% | +0.03B |
| 2023-12-31 | $1.81B | 90 | +23.15% | +26.18% | -3.02% | -0.05B |
| 2023-09-30 | $1.66B | 121 | +16.71% | +21.57% | -4.86% | -0.12B |
| 2023-06-30 | $1.86B | 96 | +19.68% | +19.42% | +0.26% | -0.08B |
| 2023-03-31 | $1.80B | 106 | -8.24% | -7.82% | -0.42% | +0.03B |
| 2022-12-31 | $1.66B | 133 | +6.23% | +7.56% | -1.33% | +0.09B |
| 2022-09-30 | $1.48B | 145 | -1.81% | -4.93% | +3.12% | +0.18B |
| 2022-06-30 | $1.33B | 136 | -17.31% | -16.11% | -1.20% | -0.39B |