Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.13%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.08%
steady accumulation
Rally response
-7.09%
trims into rallies
when a holding rises +10%+
Top positions · 23
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TKOTKO Group Holdings, Inc. | $382M | 14.0% | +33.8% | 2.5 yr |
| SOLSSolstice Advanced Materi | $203M | 7.5% | — | 0.5 yr |
| TSMTaiwan Semiconductor Man | $193M | 7.1% | +105.6% | 1.5 yr |
| SHWThe Sherwin-Williams Com | $183M | 6.7% | -7.4% | 2.0 yr |
| TOSTToast, Inc. | $173M | 6.3% | -20.1% | 2.5 yr |
| AMATApplied Materials, Inc. | $165M | 6.1% | +137.6% | 3.3 yr |
| GEGE Aerospace | $162M | 5.9% | +42.5% | 3.3 yr |
| MODModine Manufacturing Com | $140M | 5.1% | +182.4% | 0.3 yr |
| GLWCorning Incorporated | $137M | 5.0% | +201.5% | 0.3 yr |
| PCORProcore Technologies, In | $126M | 4.6% | -13.7% | 4.3 yr |
| AMZNAmazon.com, Inc. | $118M | 4.3% | +9.5% | 4.3 yr |
| SPOTSpotify Technology S.A. | $110M | 4.0% | -11.8% | 1.3 yr |
| CRH.LCRH plc | $92M | 3.4% | — | 0.8 yr |
| NVDANVIDIA Corporation | $92M | 3.4% | +60.9% | 2.3 yr |
| GOOGAlphabet Inc. | $84M | 3.1% | +84.3% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors16.6%+3.3pp$451M
Entertainment16.2%-1.9pp$441M
Chemicals - Specialty14.2%+6.2pp$386M
Internet Content & Information7.1%-2.8pp$194M
Software - Infrastructure6.3%-0.9pp$173M
Aerospace & Defense5.9%-0.9pp$162M
Auto - Parts5.1%$140M
Hardware, Equipment & Parts5.0%$137M
Software - Application4.9%-12.0pp$134M
Specialty Retail4.3%+0.8pp$118M
Country
US82.6%-0.1pp
TW7.1%-0.2pp
IE4.2%+0.3pp
LU4.0%+1.2pp
GB2.1%+1.0pp
Top 5: 41.7% · Top 10: 68.5% · Top 25: 100.0%
Top buys this quarter · 8
| SOLS Solstice Advanced Materials In | +$149M |
| MOD Modine Manufacturing Companynew | +$140M |
| GLW Corning Incorporatednew | +$137M |
| WDC Western Digital Corporationnew | +$75M |
| CRS Carpenter Technology Corporatinew | +$74M |
| AMAT Applied Materials, Inc. | +$50M |
| BE Bloom Energy Corporationnew | +$12M |
| FERG Ferguson plc | +$8M |
Top sells this quarter · 15
| TKO TKO Group Holdings, Inc. | −$196M |
| UNP Union Pacific Corporationexit | −$168M |
| TRU TransUnionexit | −$121M |
| RDDT Reddit, Inc.exit | −$92M |
| TSM Taiwan Semiconductor Manufactu | −$82M |
| CRM Salesforce, Inc.exit | −$75M |
| CBRE CBRE Group, Inc. | −$70M |
| MDLN Medline Inc.exit | −$67M |
| TOST Toast, Inc. | −$66M |
| SPOT Spotify Technology S.A. | −$38M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.72B | 23 | +24.24% | +17.59% | +6.65% | -0.70B |
| 2025-12-31 | $3.57B | 26 | +25.00% | +17.72% | +7.29% | +0.08B |
| 2025-09-30 | $3.40B | 22 | +25.22% | +17.52% | +7.70% | +0.40B |
| 2025-06-30 | $2.87B | 20 | +27.67% | +14.94% | +12.73% | +0.21B |
| 2025-03-31 | $2.20B | 19 | +10.60% | +8.30% | +2.29% | -0.01B |
| 2024-12-31 | $2.29B | 23 | +33.77% | +24.89% | +8.88% | -0.12B |
| 2024-09-30 | $2.34B | 21 | +51.04% | +36.04% | +15.00% | +0.11B |
| 2024-06-30 | $2.09B | 22 | +37.78% | +24.49% | +13.29% | -0.00B |
| 2024-03-31 | $2.01B | 20 | +51.20% | +29.62% | +21.57% | +0.24B |
| 2023-12-31 | $1.51B | 19 | +50.47% | +26.18% | +24.29% | +0.13B |
| 2023-09-30 | $1.19B | 21 | +29.68% | +21.57% | +8.11% | +0.17B |
| 2023-06-30 | $1.04B | 18 | +32.44% | +19.42% | +13.01% | +0.08B |
| 2023-03-31 | $838M | 17 | -12.12% | -7.82% | -4.31% | +0.22B |
| 2022-12-31 | $529M | 12 | +0.01% | +7.56% | -7.55% | -0.33B |
| 2022-09-30 | $857M | 14 | -0.41% | -4.93% | +4.52% | -0.16B |
| 2022-06-30 | $1.02B | 16 | -23.99% | -16.11% | -7.88% | +0.08B |