Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+10.09%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.26%
steady accumulation
Rally response
-9.18%
trims into rallies
when a holding rises +10%+
Top positions · 27
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ZETAZeta Global Holdings Cor | $72M | 11.0% | +17.4% | 2.8 yr |
| UALUnited Airlines Holdings | $42M | 6.4% | +33.3% | 1.5 yr |
| BYDBoyd Gaming Corporation | $38M | 5.8% | +26.0% | 4.3 yr |
| MSIMotorola Solutions, Inc. | $38M | 5.7% | +0.2% | 0.3 yr |
| METAMeta Platforms, Inc. | $33M | 5.1% | -0.4% | 1.8 yr |
| ASMLASML Holding N.V. | $32M | 4.9% | +100.9% | 0.3 yr |
| AMZNAmazon.com, Inc. | $30M | 4.7% | +9.5% | 4.3 yr |
| FIXComfort Systems USA, Inc | $30M | 4.6% | +329.0% | 1.0 yr |
| TSMTaiwan Semiconductor Man | $25M | 3.8% | +105.6% | 2.3 yr |
| SNSharkNinja, Inc. | $25M | 3.8% | +27.0% | 1.3 yr |
| — | $24M | 3.7% | — | 0.3 yr |
| ONONOn Holding AG | $23M | 3.5% | -22.5% | 0.8 yr |
| — | $23M | 3.5% | — | 0.8 yr |
| PRMBPrimo Brands Corporation | $22M | 3.4% | -45.9% | 0.8 yr |
| EYENational Vision Holdings | $21M | 3.1% | +102.7% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Application15.3%-5.4pp$100M
Semiconductors8.7%+4.0pp$57M
Specialty Retail7.8%-0.9pp$51M
Internet Content & Information7.4%+0.9pp$49M
Unknown7.2%$47M
Airlines, Airports & Air Services6.4%+1.4pp$42M
Gambling, Resorts & Casinos5.8%-6.1pp$38M
Apparel - Retail5.8%+2.9pp$38M
Communication Equipment5.7%$38M
Engineering & Construction4.6%$30M
Country
US80.6%-3.8pp
Unknown7.2%
NL4.9%
TW3.8%-1.0pp
CH3.5%
Top 5: 34.0% · Top 10: 55.7% · Top 25: 96.8%
Top buys this quarter · 15
| MSI Motorola Solutions, Inc.new | +$38M |
| ASML ASML Holding N.V.new | +$32M |
| ZETA Zeta Global Holdings Corp. | +$21M |
| META Meta Platforms, Inc. | +$16M |
| LIND Lindblad Expeditions Holdings,new | +$15M |
| FWRG First Watch Restaurant Group, new | +$14M |
| PUMP ProPetro Holding Corp.new | +$12M |
| SN SharkNinja, Inc. | +$11M |
| GPGI GPGI, Inc. | +$8M |
| DASH DoorDash, Inc. | +$7M |
Top sells this quarter · 15
| MSFT Microsoft Corporationexit | −$27M |
| ADSK Autodesk, Inc.exit | −$25M |
| COHR Coherent, Inc.exit | −$23M |
| ASO Academy Sports and Outdoors, Iexit | −$19M |
| CPNG Coupang, Inc.exit | −$16M |
| DKNG DraftKings Inc.exit | −$16M |
| FIX Comfort Systems USA, Inc. | −$16M |
| PLNT Planet Fitness, Inc.exit | −$12M |
| VRT Vertiv Holdings Coexit | −$10M |
| TSM Taiwan Semiconductor Manufactu | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $656M | 27 | +26.59% | +17.59% | +9.00% | +0.08B |
| 2025-12-31 | $603M | 29 | +18.93% | +17.72% | +1.21% | +0.01B |
| 2025-09-30 | $577M | 23 | +24.02% | +17.52% | +6.50% | -0.08B |
| 2025-06-30 | $612M | 27 | +38.72% | +14.94% | +23.78% | +0.01B |
| 2025-03-31 | $493M | 24 | +16.03% | +8.30% | +7.73% | +0.07B |
| 2024-12-31 | $465M | 25 | +53.28% | +24.89% | +28.39% | -0.02B |
| 2024-09-30 | $451M | 26 | +69.66% | +36.04% | +33.62% | -0.02B |
| 2024-06-30 | $398M | 21 | +40.57% | +24.49% | +16.08% | +0.00B |
| 2024-03-31 | $390M | 21 | +54.96% | +29.62% | +25.34% | +0.03B |
| 2023-12-31 | $303M | 23 | +47.19% | +26.18% | +21.01% | -0.02B |
| 2023-09-30 | $278M | 22 | +38.55% | +21.57% | +16.98% | -0.00B |
| 2023-06-30 | $282M | 23 | +39.14% | +19.42% | +19.72% | -0.00B |
| 2023-03-31 | $256M | 24 | +0.85% | -7.82% | +8.67% | -0.00B |
| 2022-12-31 | $227M | 16 | +10.88% | +7.56% | +3.32% | +0.01B |
| 2022-09-30 | $192M | 19 | -0.58% | -4.93% | +4.35% | +0.01B |
| 2022-06-30 | $186M | 20 | -19.09% | -16.11% | -2.98% | +0.03B |