Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.77%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.02%
steady accumulation
Rally response
-11.72%
trims into rallies
when a holding rises +10%+
Top positions · 27
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SNPSSynopsys, Inc. | $1.06B | 15.5% | -7.5% | 1.3 yr |
| NVDANVIDIA Corporation | $902M | 13.2% | +60.9% | 1.8 yr |
| FUTUFutu Holdings Limited | $625M | 9.2% | +33.6% | 4.5 yr |
| CVNACarvana Co. | $572M | 8.4% | +50.4% | 0.3 yr |
| CRWVCoreWeave, Inc. Class A | $550M | 8.1% | +108.9% | 0.3 yr |
| SESea Limited | $403M | 5.9% | -36.5% | 4.8 yr |
| MKSIMKS Inc. | $354M | 5.2% | +188.8% | 0.3 yr |
| GLWCorning Incorporated | $346M | 5.1% | +201.5% | 0.3 yr |
| CPNGCoupang, Inc. | $303M | 4.4% | -13.9% | 0.3 yr |
| — | $272M | 4.0% | — | 0.8 yr |
| EDUNew Oriental Education & | $257M | 3.8% | +19.8% | 2.8 yr |
| GRABGrab Holdings Limited | $217M | 3.2% | -19.2% | 1.3 yr |
| YMMFull Truck Alliance Co. | $181M | 2.6% | -35.0% | 1.5 yr |
| TERTeradyne, Inc. | $150M | 2.2% | +260.2% | 1.5 yr |
| LITELumentum Holdings Inc. | $143M | 2.1% | +1027.3% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure23.6%+20.0pp$1.61B
Semiconductors15.4%-3.8pp$1.05B
Specialty Retail10.3%-9.9pp$706M
Hardware, Equipment & Parts10.2%$700M
Financial - Capital Markets9.2%+1.6pp$625M
Auto - Dealerships8.4%$572M
Software - Application5.8%-3.2pp$398M
Unknown4.2%+3.2pp$286M
Education & Training Services3.8%-8.7pp$257M
Communication Equipment2.1%$143M
Country
US59.7%+35.2pp
CN11.8%-22.0pp
SG10.8%-12.0pp
HK9.2%+1.6pp
KR4.4%
Unknown4.2%+3.2pp
Top 5: 54.3% · Top 10: 78.9% · Top 25: 100.0%
Top buys this quarter · 12
| CVNA Carvana Co.new | +$572M |
| CRWV CoreWeave, Inc. Class A Commonnew | +$550M |
| NVDA NVIDIA Corporation | +$401M |
| MKSI MKS Inc.new | +$354M |
| GLW Corning Incorporatednew | +$346M |
| CPNG Coupang, Inc.new | +$303M |
| SNPS Synopsys, Inc. | +$216M |
| FUTU Futu Holdings Limited | +$164M |
| SE Sea Limited | +$403M |
| TCOM Trip.com Group Limited | +$42M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.83B | 27 | +13.07% | +17.59% | -4.53% | +2.24B |
| 2025-12-31 | $4.86B | 22 | +20.11% | +17.72% | +2.40% | +0.40B |
| 2025-09-30 | $4.57B | 23 | +30.17% | +17.52% | +12.65% | -0.29B |
| 2025-06-30 | $4.49B | 23 | +36.86% | +14.94% | +21.92% | +0.22B |
| 2025-03-31 | $3.77B | 27 | +32.34% | +8.30% | +24.04% | +0.18B |
| 2024-12-31 | $3.58B | 29 | +49.28% | +24.89% | +24.39% | -0.29B |
| 2024-09-30 | $3.66B | 27 | +51.97% | +36.04% | +15.93% | -1.54B |
| 2024-06-30 | $4.57B | 34 | +29.28% | +24.49% | +4.79% | +0.64B |
| 2024-03-31 | $3.59B | 30 | +8.66% | +29.62% | -20.97% | -0.16B |
| 2023-12-31 | $3.31B | 31 | +11.49% | +26.18% | -14.69% | -0.09B |
| 2023-09-30 | $3.15B | 27 | -0.42% | +21.57% | -21.99% | -0.08B |
| 2023-06-30 | $3.34B | 27 | -20.33% | +19.42% | -39.76% | -0.18B |
| 2023-03-31 | $3.83B | 30 | -14.75% | -7.82% | -6.93% | -0.11B |
| 2022-12-31 | $3.39B | 25 | -3.72% | +7.56% | -11.28% | +0.32B |
| 2022-09-30 | $3.19B | 23 | -22.56% | -4.93% | -17.63% | +0.27B |
| 2022-06-30 | $3.78B | 24 | -1.52% | -16.11% | +14.59% | +1.54B |