Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.05%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.54%
baseline attrition
Rally response
-3.52%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $101M | 9.3% | +14.7% | 4.5 yr |
| GOOGLAlphabet Inc. | $92M | 8.5% | — | 4.5 yr |
| AMZNAmazon.com, Inc. | $82M | 7.6% | +9.5% | 4.5 yr |
| MSFTMicrosoft Corporation | $72M | 6.7% | -0.6% | 4.5 yr |
| BWMXBetterware de México, S | $58M | 5.3% | +62.0% | 4.5 yr |
| METAMeta Platforms, Inc. | $49M | 4.5% | -0.4% | 4.5 yr |
| NVDANVIDIA Corporation | $46M | 4.2% | +60.9% | 4.5 yr |
| JPMJPMorgan Chase & Co. | $42M | 3.9% | +21.8% | 4.5 yr |
| GOOGAlphabet Inc. | $32M | 3.0% | +84.3% | 4.5 yr |
| GSThe Goldman Sachs Group, | $31M | 2.8% | +58.1% | 4.5 yr |
| XLVState Street Health Care | $25M | 2.3% | — | 4.5 yr |
| WMTWalmart Inc. | $21M | 1.9% | +42.8% | 4.5 yr |
| AVGOBroadcom Inc. | $17M | 1.6% | +86.0% | 4.5 yr |
| TSMTaiwan Semiconductor Man | $15M | 1.4% | +105.6% | 4.5 yr |
| SMHVanEck Semiconductor ETF | $15M | 1.4% | — | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management16.8%-1.9pp$183M
Internet Content & Information16.1%+2.2pp$175M
Specialty Retail14.0%-0.5pp$152M
Consumer Electronics9.3%-1.2pp$101M
Semiconductors8.8%+3.8pp$96M
Software - Infrastructure7.1%-0.8pp$77M
Banks - Diversified4.9%-0.3pp$54M
Software - Application3.2%-1.4pp$34M
Financial - Capital Markets2.8%+0.7pp$31M
Discount Stores2.7%+0.8pp$29M
Country
US87.8%+0.3pp
MX6.7%+0.1pp
TW1.4%+0.7pp
CA1.0%-0.1pp
IE0.8%+0.2pp
CN0.6%-1.5pp
UY0.5%+0.1pp
LU0.5%+0.1pp
Top 5: 37.3% · Top 10: 55.6% · Top 25: 74.7%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$72M |
| AMZN Amazon.com, Inc. | +$82M |
| AZN AstraZeneca PLCnew | +$2M |
| MELI MercadoLibre, Inc. | +$2M |
| ANGX Angel Studios, Inc. | +$2M |
| FCX Freeport-McMoRan Inc. | +$2M |
| NFLX Netflix, Inc. | +$1M |
| NVDA NVIDIA Corporation | +$46M |
| META Meta Platforms, Inc. | +$49M |
| AVGO Broadcom Inc. | +$17M |
Top sells this quarter · 15
| BWMX Betterware de México, S.A.P.I | −$11M |
| CX CEMEX, S.A.B. de C.V. | −$5M |
| MU Micron Technology, Inc. | −$4M |
| CRM Salesforce, Inc. | −$2M |
| PFE Pfizer Inc. | −$1M |
| SPY State Street SPDR S&P 500 ETF | −$1M |
| STWD Starwood Property Trust, Inc. | −$1M |
| DE Deere & Company | −$0M |
| OBDC Blue Owl Capital Corporationexit | −$0M |
| NVO Novo Nordisk A/S | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.09B | 172 | +20.89% | +17.59% | +3.29% | -0.02B |
| 2025-12-31 | $1.19B | 177 | +21.38% | +17.72% | +3.66% | +0.01B |
| 2025-09-30 | $1.13B | 179 | +22.51% | +17.52% | +4.99% | +0.01B |
| 2025-06-30 | $1.00B | 178 | +13.60% | +14.94% | -1.34% | +0.01B |
| 2025-03-31 | $885M | 168 | +3.00% | +8.30% | -5.30% | +0.00B |
| 2024-12-31 | $942M | 158 | +24.93% | +24.89% | +0.04% | -0.07B |
| 2024-09-30 | $958M | 166 | +33.86% | +36.04% | -2.18% | -0.00B |
| 2024-06-30 | $933M | 152 | +27.71% | +24.49% | +3.22% | -0.03B |
| 2024-03-31 | $948M | 160 | +41.66% | +29.62% | +12.04% | -0.02B |
| 2023-12-31 | $850M | 157 | +49.06% | +26.18% | +22.88% | -0.04B |
| 2023-09-30 | $793M | 152 | +34.84% | +21.57% | +13.27% | -0.02B |
| 2023-06-30 | $824M | 154 | +30.10% | +19.42% | +10.67% | -0.07B |
| 2023-03-31 | $789M | 158 | -8.47% | -7.82% | -0.65% | -0.11B |
| 2022-12-31 | $755M | 162 | -26.87% | -18.17% | -8.69% | -0.01B |
| 2022-09-30 | $747M | 160 | -5.24% | -4.93% | -0.31% | -0.02B |
| 2022-06-30 | $806M | 156 | -20.64% | -16.11% | -4.53% | +0.05B |