Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.76%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.63%
baseline attrition
Rally response
-8.65%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| UBERUber Technologies, Inc. | $126M | 8.4% | -1.3% | 4.3 yr |
| GNRCGenerac Holdings Inc. | $107M | 7.2% | +54.2% | 0.5 yr |
| TWLOTwilio Inc. | $90M | 6.0% | +28.5% | 2.8 yr |
| FICOFair Isaac Corporation | $87M | 5.8% | -42.1% | 1.0 yr |
| CVNACarvana Co. | $87M | 5.8% | +50.4% | 2.8 yr |
| DARDarling Ingredients Inc. | $87M | 5.8% | +98.0% | 0.8 yr |
| TRMBTrimble Inc. | $73M | 4.9% | -0.6% | 2.0 yr |
| CROXCrocs, Inc. | $73M | 4.9% | -21.8% | 5.5 yr |
| APPAppLovin Corporation | $72M | 4.8% | +50.2% | 4.8 yr |
| BEEPMobile Infrastructure Co | $54M | 3.6% | -46.3% | 2.5 yr |
| GDOTGreen Dot Corporation | $48M | 3.2% | +32.9% | 5.3 yr |
| YOUClear Secure, Inc. | $40M | 2.7% | +90.4% | 0.3 yr |
| OPLNOPENLANE, Inc. | $39M | 2.6% | +51.2% | 1.0 yr |
| ENVAEnova International, Inc | $39M | 2.6% | +40.7% | 2.5 yr |
| SGISomnigroup International | $38M | 2.6% | +24.4% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Application27.9%+3.4pp$417M
Auto - Dealerships8.4%+0.8pp$126M
Industrial - Machinery7.2%-6.0pp$107M
Software - Infrastructure6.0%+1.1pp$90M
Financial - Credit Services5.8%+2.1pp$87M
Packaged Foods5.8%$87M
Education & Training Services5.0%$75M
Hardware, Equipment & Parts4.9%+1.2pp$73M
Apparel - Footwear & Accessories4.9%+0.5pp$73M
Real Estate - General3.6%-4.3pp$54M
Country
US98.1%+3.6pp
GR1.9%+0.4pp
Top 5: 33.3% · Top 10: 57.3% · Top 25: 93.4%
Top buys this quarter · 15
| YOU Clear Secure, Inc.new | +$40M |
| CE Celanese Corporationnew | +$36M |
| ETSY Etsy, Inc.new | +$36M |
| GNRC Generac Holdings Inc. | +$35M |
| CROX Crocs, Inc. | +$32M |
| TRMB Trimble Inc. | +$29M |
| WDAY Workday, Inc.new | +$26M |
| TTAN ServiceTitan, Inc.new | +$26M |
| UBER Uber Technologies, Inc. | +$25M |
| SITM SiTime Corporationnew | +$19M |
Top sells this quarter · 15
| GPS The Gap, Inc.exit | −$0M |
| PGR The Progressive Corporationexit | −$71M |
| WIX Wix.com Ltd.exit | −$45M |
| DAR Darling Ingredients Inc. | −$68M |
| CARG CarGurus, Inc.exit | −$25M |
| GTLS Chart Industries, Inc.exit | −$23M |
| APEI American Public Education, Inc | −$35M |
| FSLR First Solar, Inc.exit | −$15M |
| CSGP CoStar Group, Inc.exit | −$10M |
| RKT Rocket Companies, Inc. | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.50B | 31 | +13.44% | +17.59% | -4.16% | +0.14B |
| 2025-12-31 | $1.48B | 33 | +14.41% | +17.72% | -3.31% | +0.01B |
| 2025-09-30 | $1.50B | 29 | +44.97% | +17.52% | +27.45% | +0.03B |
| 2025-06-30 | $1.34B | 26 | +42.18% | +14.94% | +27.24% | -0.12B |
| 2025-03-31 | $1.28B | 26 | +27.52% | +8.30% | +19.21% | -0.09B |
| 2024-12-31 | $1.48B | 28 | +62.62% | +24.89% | +37.74% | -0.13B |
| 2024-09-30 | $1.30B | 36 | +45.93% | +36.04% | +9.89% | +0.02B |
| 2024-06-30 | $1.18B | 35 | +36.57% | +24.49% | +12.08% | +0.02B |
| 2024-03-31 | $1.14B | 32 | +50.23% | +29.62% | +20.60% | -0.04B |
| 2023-12-31 | $1.00B | 30 | +33.88% | +26.18% | +7.70% | +0.08B |
| 2023-09-30 | $829M | 29 | +27.87% | +21.57% | +6.30% | -0.03B |
| 2023-06-30 | $848M | 26 | +21.53% | +19.42% | +2.11% | -0.03B |
| 2023-03-31 | $783M | 27 | -18.16% | -7.82% | -10.34% | -0.01B |
| 2022-12-31 | $759M | 25 | +6.74% | +7.56% | -0.82% | +0.08B |
| 2022-09-30 | $637M | 27 | -3.74% | -4.93% | +1.19% | +0.03B |
| 2022-06-30 | $631M | 29 | -24.17% | -16.11% | -8.06% | +0.07B |