Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.14%
adds when stocks drop
when a holding falls −10%+
Middle response
-15.01%
baseline attrition
Rally response
-28.54%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $56M | 1.1% | +14.7% | 4.3 yr |
| MUMicron Technology, Inc. | $43M | 0.8% | +289.6% | 2.0 yr |
| MSFTMicrosoft Corporation | $38M | 0.7% | -0.6% | 3.5 yr |
| DASHDoorDash, Inc. | $33M | 0.6% | -17.8% | 1.8 yr |
| LLYEli Lilly and Company | $30M | 0.6% | +12.2% | 2.0 yr |
| SNDKSandisk Corporation | $30M | 0.6% | +1234.5% | 0.8 yr |
| COFCapital One Financial Co | $29M | 0.5% | +3.1% | 3.8 yr |
| EMREmerson Electric Co. | $29M | 0.5% | +21.5% | 3.0 yr |
| BSXBoston Scientific Corpor | $28M | 0.5% | -37.8% | 1.8 yr |
| GOOGLAlphabet Inc. | $28M | 0.5% | — | 3.3 yr |
| TSMTaiwan Semiconductor Man | $27M | 0.5% | +105.6% | 2.3 yr |
| RBLXRoblox Corporation | $27M | 0.5% | -3.0% | 2.0 yr |
| LRCXLam Research Corporation | $26M | 0.5% | +196.1% | 0.5 yr |
| NOWServiceNow, Inc. | $25M | 0.5% | -34.3% | 3.3 yr |
| SESea Limited | $23M | 0.4% | -36.5% | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Application5.7%+0.3pp$301M
Asset Management5.5%-2.0pp$292M
Semiconductors4.4%-0.5pp$229M
Banks - Regional3.6%+0.6pp$188M
Industrial - Machinery3.4%+0.4pp$180M
Biotechnology3.3%-0.5pp$174M
Software - Infrastructure3.3%-0.5pp$172M
Banks - Diversified2.7%+0.6pp$142M
Internet Content & Information2.5%-0.7pp$133M
Gold2.4%+2.1pp$126M
Country
US82.9%-2.5pp
CA4.7%+2.5pp
GB1.8%-0.1pp
Unknown1.8%+0.5pp
IE1.1%-0.5pp
CN0.8%+0.1pp
IL0.8%-0.5pp
SG0.8%+0.5pp
Top 5: 3.8% · Top 10: 6.5% · Top 25: 12.9%
Top buys this quarter · 15
| MU Micron Technology, Inc. | +$35M |
| DASH DoorDash, Inc. | +$32M |
| LLY Eli Lilly and Company | +$28M |
| COF Capital One Financial Corporat | +$28M |
| BSX Boston Scientific Corporation | +$24M |
| NOW ServiceNow, Inc. | +$22M |
| SAP SAP SE | +$21M |
| TSM Taiwan Semiconductor Manufactu | +$20M |
| SE Sea Limited | +$19M |
| V Visa Inc. | +$19M |
Top sells this quarter · 15
| NVDA NVIDIA Corporationexit | −$108M |
| AVGO Broadcom Inc.exit | −$100M |
| PBR Petróleo Brasileiro S.A. - Pe | −$33M |
| SCHW The Charles Schwab Corporation | −$31M |
| XOM Exxon Mobil Corporationexit | −$30M |
| CVX Chevron Corporation | −$25M |
| BIIB Biogen Inc.exit | −$25M |
| ON ON Semiconductor Corporation | −$25M |
| ETN Eaton Corporation plcexit | −$24M |
| NFLX Netflix, Inc. | −$23M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.27B | 1494 | +28.22% | +17.59% | +10.63% | +0.69B |
| 2025-12-31 | $4.47B | 1480 | +22.24% | +17.72% | +4.52% | +0.13B |
| 2025-09-30 | $4.16B | 1506 | +23.09% | +17.52% | +5.57% | -0.30B |
| 2025-06-30 | $4.06B | 1584 | +19.31% | +14.94% | +4.37% | +2.45B |
| 2025-03-31 | $1.47B | 1141 | +9.28% | +8.30% | +0.98% | +0.01B |
| 2024-12-31 | $1.50B | 1123 | +23.49% | +24.89% | -1.39% | -0.22B |
| 2024-09-30 | $1.63B | 1236 | +28.04% | +36.04% | -7.99% | -0.31B |
| 2024-06-30 | $1.82B | 1318 | +20.10% | +24.49% | -4.39% | +0.50B |
| 2024-03-31 | $1.33B | 1308 | +25.79% | +29.62% | -3.84% | +0.14B |
| 2023-12-31 | $1.07B | 1170 | +18.93% | +26.18% | -7.24% | -0.04B |
| 2023-09-30 | $1.02B | 997 | +16.73% | +21.57% | -4.84% | +0.08B |
| 2023-06-30 | $945M | 1214 | +9.85% | +19.42% | -9.58% | +0.04B |
| 2023-03-31 | $861M | 1132 | -14.02% | -7.82% | -6.20% | +0.15B |
| 2022-12-31 | $676M | 940 | +6.76% | +7.56% | -0.80% | -0.39B |
| 2022-09-30 | $999M | 924 | -5.99% | -4.93% | -1.06% | +0.28B |
| 2022-06-30 | $761M | 825 | -17.98% | -16.11% | -1.86% | +0.40B |