Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.11%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
-11.41%
trims into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SHOPShopify Inc. | $106M | 30.9% | +24.2% | 0.3 yr |
| FIGFigma, Inc. | $93M | 27.0% | — | 0.8 yr |
| OSCROscar Health, Inc. | $73M | 21.2% | -12.5% | 5.3 yr |
| CVNACarvana Co. | $71M | 20.7% | +50.4% | 4.3 yr |
| — | $0M | 0.1% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Application58.0%+52.6pp$199M
Medical - Healthcare Plans21.2%+7.0pp$73M
Auto - Dealerships20.7%-59.8pp$71M
Unknown0.1%$0M
Country
US69.0%-31.0pp
CA30.9%
Unknown0.1%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| OSCR | $83M | -0.01B | -12.5% |
Top buys this quarter · 1
| SHOP Shopify Inc.new | +$106M |
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $344M | 5 | -3.99% | +17.59% | -21.58% | +0.10B |
| 2025-12-31 | $352M | 4 | +42.84% | +17.72% | +25.12% | -0.04B |
| 2025-09-30 | $480M | 6 | +107.32% | +17.52% | +89.80% | +0.23B |
| 2025-06-30 | $236M | 3 | +126.81% | +14.94% | +111.87% | -0.71B |
| 2025-03-31 | $589M | 4 | +71.38% | +8.30% | +63.08% | -0.01B |
| 2024-12-31 | $585M | 4 | +165.84% | +24.89% | +140.95% | -0.59B |
| 2024-09-30 | $1.00B | 4 | +182.28% | +36.04% | +146.24% | +0.00B |
| 2024-06-30 | $852M | 4 | +164.61% | +24.49% | +140.12% | -0.01B |
| 2024-03-31 | $705M | 4 | +167.58% | +29.62% | +137.95% | -0.06B |
| 2023-12-31 | $484M | 5 | +125.78% | +26.18% | +99.60% | -0.00B |
| 2023-09-30 | $390M | 6 | +29.75% | +21.57% | +8.19% | +0.01B |
| 2023-06-30 | $343M | 4 | +37.82% | +19.42% | +18.40% | -0.00B |
| 2023-03-31 | $281M | 4 | -41.74% | -7.82% | -33.92% | -0.01B |
| 2022-12-31 | $221M | 9 | -28.28% | +7.56% | -35.84% | +0.01B |
| 2022-09-30 | $294M | 9 | +16.72% | -4.93% | +21.64% | -0.11B |
| 2022-06-30 | $342M | 8 | -47.86% | -16.11% | -31.75% | -0.04B |