Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.49%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.97%
baseline attrition
Rally response
-2.49%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $569M | 19.9% | +60.9% | 4.5 yr |
| AAPLApple Inc. | $443M | 15.5% | +14.7% | 4.5 yr |
| GOOGLAlphabet Inc. | $305M | 10.7% | — | 4.5 yr |
| AMZNAmazon.com, Inc. | $179M | 6.3% | +9.5% | 4.5 yr |
| METAMeta Platforms, Inc. | $162M | 5.7% | -0.4% | 4.5 yr |
| VOOVanguard S&P 500 ETF | $129M | 4.5% | — | 4.5 yr |
| VTIVanguard Total Stock Mar | $100M | 3.5% | — | 4.5 yr |
| AVGOBroadcom Inc. | $89M | 3.1% | +86.0% | 4.5 yr |
| QQQInvesco QQQ Trust, Serie | $83M | 2.9% | — | 4.5 yr |
| VGTVanguard Information Tec | $62M | 2.2% | — | 4.5 yr |
| GOOGAlphabet Inc. | $57M | 2.0% | +84.3% | 4.5 yr |
| VTVanguard Total World Sto | $54M | 1.9% | — | 4.5 yr |
| MSFTMicrosoft Corporation | $47M | 1.7% | -0.6% | 4.5 yr |
| GRMNGarmin Ltd. | $33M | 1.2% | +8.6% | 4.5 yr |
| XLKState Street Technology | $32M | 1.1% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors24.6%+5.5pp$702M
Asset Management20.7%-1.7pp$591M
Internet Content & Information18.6%+3.4pp$532M
Consumer Electronics15.5%-1.6pp$443M
Specialty Retail7.3%-1.0pp$208M
Software - Infrastructure3.1%+0.4pp$89M
Financial - Capital Markets1.8%+0.8pp$52M
Banks - Diversified1.5%-0.2pp$41M
Hardware, Equipment & Parts1.2%-0.2pp$33M
Software - Application1.1%-1.2pp$30M
Country
US96.3%+0.4pp
CH1.2%-0.2pp
CN0.7%+0.1pp
CA0.5%-0.0pp
NL0.3%+0.2pp
UY0.3%+0.0pp
GB0.2%-0.4pp
TW0.2%+0.1pp
Top 5: 58.1% · Top 10: 74.4% · Top 25: 90.1%
Top buys this quarter · 6
| PLTR Palantir Technologies Inc. | +$10M |
| NET Cloudflare, Inc.new | +$8M |
| PANW Palo Alto Networks, Inc. | +$4M |
| NOW ServiceNow, Inc. | +$3M |
| CRWD CrowdStrike Holdings, Inc. | +$2M |
| BITW Bitwise 10 Crypto Index Fund | +$0M |
Top sells this quarter · 15
| FANG Diamondback Energy, Inc.exit | −$29M |
| MPC Marathon Petroleum Corporationexit | −$13M |
| AAPL Apple Inc. | −$10M |
| SHEL Shell plcexit | −$5M |
| GEV GE Vernova Inc. | −$3M |
| RBLX Roblox Corporation | −$3M |
| VEEV Veeva Systems Inc.exit | −$2M |
| SOUN SoundHound AI, Inc.exit | −$2M |
| QCOM QUALCOMM Incorporated | −$2M |
| TSLA Tesla, Inc.exit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.85B | 85 | +24.48% | +17.59% | +6.89% | -0.08B |
| 2025-12-31 | $3.21B | 158 | +21.84% | +17.72% | +4.12% | -0.03B |
| 2025-09-30 | $3.21B | 156 | +31.10% | +17.52% | +13.58% | +0.02B |
| 2025-06-30 | $2.80B | 151 | +18.81% | +14.94% | +3.87% | +0.05B |
| 2025-03-31 | $2.33B | 195 | +10.22% | +8.30% | +1.92% | +0.00B |
| 2024-12-31 | $2.60B | 189 | +30.57% | +24.89% | +5.68% | -0.06B |
| 2024-09-30 | $2.45B | 199 | +38.29% | +36.04% | +2.25% | -0.04B |
| 2024-06-30 | $2.41B | 196 | +26.98% | +24.49% | +2.49% | -0.11B |
| 2024-03-31 | $2.30B | 195 | +31.15% | +29.62% | +1.53% | +0.28B |
| 2023-12-31 | $1.91B | 203 | +50.19% | +26.18% | +24.01% | -0.05B |
| 2023-09-30 | $1.70B | 204 | +26.70% | +21.57% | +5.13% | +0.03B |
| 2023-06-30 | $1.76B | 199 | +29.56% | +19.42% | +10.14% | +0.37B |
| 2023-03-31 | $1.23B | 195 | -9.13% | -7.82% | -1.32% | -0.30B |
| 2022-12-31 | $1.26B | 233 | -2.97% | +7.56% | -10.53% | +0.04B |
| 2022-09-30 | $1.25B | 190 | -2.90% | -4.93% | +2.03% | -0.03B |
| 2022-06-30 | $1.32B | 183 | -20.48% | -16.11% | -4.37% | -0.08B |