Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.94%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.51%
baseline attrition
Rally response
-5.70%
trims into rallies
when a holding rises +10%+
Top positions · 13
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CVNACarvana Co. | $119M | 31.1% | +50.4% | 5.0 yr |
| METAMeta Platforms, Inc. | $83M | 21.8% | -0.4% | 7.5 yr |
| CACCCredit Acceptance Corpor | $53M | 13.8% | -18.0% | 7.5 yr |
| IBKRInteractive Brokers Grou | $51M | 13.4% | +62.8% | 3.3 yr |
| HTHTH World Group Limited | $28M | 7.3% | +43.2% | 1.8 yr |
| YUMCYum China Holdings, Inc. | $21M | 5.4% | -4.3% | 1.8 yr |
| MSFTMicrosoft Corporation | $9M | 2.5% | -0.6% | 1.5 yr |
| GOOGLAlphabet Inc. | $9M | 2.4% | — | 2.5 yr |
| CRMSalesforce, Inc. | $3M | 0.8% | -30.2% | 4.3 yr |
| DEDeere & Company | $3M | 0.7% | +21.2% | 2.0 yr |
| PAYCPaycom Software, Inc. | $3M | 0.7% | -43.9% | 1.8 yr |
| MORNMorningstar, Inc. | $1M | 0.2% | -43.2% | 0.3 yr |
| SPOTSpotify Technology S.A. | $0M | 0.1% | -11.8% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Auto - Dealerships31.1%+5.8pp$119M
Internet Content & Information24.3%+6.1pp$93M
Financial - Credit Services13.8%-0.9pp$53M
Investment - Banking & Investment Services13.4%+5.6pp$51M
Travel Lodging7.3%+1.9pp$28M
Restaurants5.4%-0.3pp$21M
Software - Infrastructure2.5%-10.7pp$9M
Software - Application1.5%+0.9pp$6M
Agricultural - Machinery0.7%+0.2pp$3M
Financial - Data & Stock Exchanges0.2%$1M
Country
US87.2%+19.2pp
CN12.7%+1.7pp
LU0.1%
Top 5: 87.3% · Top 10: 99.1% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $383M | 13 | +12.11% | +17.59% | -5.48% | +0.00B |
| 2025-12-31 | $430M | 12 | +26.43% | +17.72% | +8.71% | -0.10B |
| 2025-09-30 | $546M | 13 | +41.27% | +17.52% | +23.75% | -0.04B |
| 2025-06-30 | $540M | 12 | +46.78% | +14.94% | +31.84% | -0.00B |
| 2025-03-31 | $453M | 11 | +36.51% | +8.30% | +28.21% | -0.01B |
| 2024-12-31 | $467M | 11 | +61.43% | +24.89% | +36.55% | -0.06B |
| 2024-09-30 | $485M | 11 | +85.10% | +36.04% | +49.06% | +0.02B |
| 2024-06-30 | $416M | 8 | +72.18% | +24.49% | +47.68% | -0.00B |
| 2024-03-31 | $374M | 6 | +76.84% | +29.62% | +47.22% | -0.04B |
| 2023-12-31 | $346M | 8 | +83.81% | +26.18% | +57.63% | -0.06B |
| 2023-09-30 | $328M | 8 | +39.91% | +21.57% | +18.34% | +0.01B |
| 2023-06-30 | $307M | 7 | +24.99% | +19.42% | +5.57% | +0.00B |
| 2023-03-31 | $263M | 7 | -27.29% | -7.82% | -19.47% | +0.02B |
| 2022-12-31 | $198M | 6 | -5.49% | +7.56% | -13.05% | -0.00B |
| 2022-09-30 | $210M | 6 | -6.50% | -4.93% | -1.57% | +0.00B |
| 2022-06-30 | $222M | 6 | -33.16% | -16.11% | -17.05% | +0.01B |