Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.99%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.08%
baseline attrition
Rally response
-4.14%
trims into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| UBERUber Technologies, Inc. | $5.24B | 43.6% | -1.3% | 7.0 yr |
| EAElectronic Arts Inc. | $5.06B | 42.1% | +41.7% | 5.5 yr |
| LCIDLucid Group, Inc. | $1.69B | 14.1% | — | 0.8 yr |
| CTEVClaritev Corporation | $21M | 0.2% | -20.8% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Application43.6%+15.8pp$5.24B
Electronic Gaming & Multimedia42.1%+11.6pp$5.06B
Auto - Manufacturers14.1%$1.69B
Medical - Healthcare Information Services0.2%+0.0pp$21M
Country
US100.0%+28.8pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 1
| — exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $12.01B | 4 | -1.15% | +17.59% | -18.74% | -0.00B |
| 2025-12-31 | $12.95B | 5 | +16.18% | +17.72% | -1.53% | -2.94B |
| 2025-09-30 | $19.37B | 6 | +34.63% | +17.52% | +17.11% | -0.89B |
| 2025-06-30 | $18.12B | 15 | +25.50% | +14.94% | +10.56% | -4.52B |
| 2025-03-31 | $19.49B | 26 | +8.87% | +8.30% | +0.56% | -1.50B |
| 2024-12-31 | $19.25B | 27 | +6.74% | +24.89% | -18.15% | +0.75B |
| 2024-09-30 | $19.46B | 27 | +33.01% | +36.04% | -3.03% | +1.10B |
| 2024-06-30 | $17.61B | 27 | +23.23% | +24.49% | -1.26% | -0.53B |
| 2024-03-31 | $17.99B | 26 | +40.23% | +29.62% | +10.61% | -19.68B |
| 2023-12-31 | $35.24B | 50 | +46.62% | +26.18% | +20.44% | -7.95B |
| 2023-09-30 | $36.48B | 52 | +27.54% | +21.57% | +5.97% | -1.12B |
| 2023-06-30 | $38.93B | 51 | +27.83% | +19.42% | +8.40% | -1.81B |
| 2023-03-31 | $35.52B | 52 | -16.34% | -7.82% | -8.53% | +0.98B |
| 2022-12-31 | $30.90B | 52 | +3.00% | +7.56% | -4.56% | -6.98B |
| 2022-09-30 | $36.78B | 52 | -3.20% | -4.93% | +1.73% | -3.10B |
| 2022-06-30 | $41.19B | 55 | -24.93% | -16.11% | -8.82% | +8.20B |