Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.03%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.69%
baseline attrition
Rally response
+2.39%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAPLApple Inc. | $156M | 10.8% | +14.7% | 4.8 yr |
| NVDANVIDIA Corporation | $102M | 7.1% | +60.9% | 4.8 yr |
| AMZNAmazon.com, Inc. | $80M | 5.5% | +9.5% | 4.8 yr |
| AMDAdvanced Micro Devices, | $57M | 4.0% | +98.0% | 4.8 yr |
| GOOGLAlphabet Inc. | $39M | 2.7% | — | 4.8 yr |
| MSFTMicrosoft Corporation | $35M | 2.4% | -0.6% | 4.8 yr |
| SPYGState Street SPDR Portfo | $32M | 2.2% | — | 4.8 yr |
| IVViShares Core S&P 500 ETF | $32M | 2.2% | — | 4.8 yr |
| MUMicron Technology, Inc. | $29M | 2.0% | +289.6% | 2.8 yr |
| JCPBJPMorgan Core Plus Bond | $28M | 1.9% | — | 3.0 yr |
| SPLGSPDR Portfolio S&P 500 E | $27M | 1.9% | — | 4.0 yr |
| GOFGuggenheim Strategic Opp | $27M | 1.9% | — | 4.0 yr |
| VOOVanguard S&P 500 ETF | $21M | 1.5% | — | 4.8 yr |
| JMEEJPMorgan Small & Mid Cap | $18M | 1.3% | — | 1.8 yr |
| DGROiShares Core Dividend Gr | $17M | 1.2% | — | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management41.6%+4.4pp$599M
Semiconductors14.0%+4.8pp$202M
Consumer Electronics10.8%-2.9pp$156M
Specialty Retail5.7%-2.2pp$82M
Asset Management - Bonds4.4%+0.1pp$64M
Software - Infrastructure3.9%-3.2pp$56M
Internet Content & Information3.8%+1.0pp$54M
Asset Management - Income1.7%+1.1pp$24M
Aerospace & Defense1.2%-0.1pp$18M
Drug Manufacturers - General1.2%-0.5pp$18M
Country
US98.3%-0.5pp
CA0.5%+0.1pp
TW0.3%+0.2pp
Unknown0.2%+0.0pp
BR0.1%+0.1pp
GB0.1%-0.0pp
CH0.1%
SG0.1%+0.0pp
Top 5: 30.1% · Top 10: 40.9% · Top 25: 58.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $62M | +0.04B | 60.9% |
| AMD | $30M | +0.03B | 98.0% |
| AAPL | $146M | +0.02B | 14.7% |
| AMZN | $81M | +0.01B | 9.5% |
| PLTR | $5M | +0.00B | 73.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MSFT | $64M | -0.00B | -0.6% |
Top buys this quarter · 15
| MU Micron Technology, Inc. | +$27M |
| CLS Celestica Inc. | +$2M |
| TSM Taiwan Semiconductor Manufactu | +$2M |
| TSLA Tesla, Inc. | +$10M |
| GEV GE Vernova Inc. | +$1M |
| CB Chubb Limited | +$1M |
| META Meta Platforms, Inc. | +$8M |
| PLTR Palantir Technologies Inc. | +$15M |
| CRDO Credo Technology Group Holdingnew | +$1M |
| EIX Edison International | +$0M |
Top sells this quarter · 15
| MSFT Microsoft Corporation | −$27M |
| AMZN Amazon.com, Inc. | −$11M |
| TPC Tutor Perini Corporation | −$9M |
| SPY State Street SPDR S&P 500 ETF | −$7M |
| AAPL Apple Inc. | −$6M |
| NVDA NVIDIA Corporation | −$5M |
| GOOG Alphabet Inc. | −$3M |
| STRL Sterling Infrastructure, Inc. | −$2M |
| NOC Northrop Grumman Corporation | −$8M |
| VRT Vertiv Holdings Co | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.44B | 459 | +26.60% | +17.59% | +9.01% | -0.06B |
| 2025-12-31 | $1.59B | 478 | +22.39% | +17.72% | +4.67% | +0.17B |
| 2025-09-30 | $1.38B | 451 | +21.68% | +17.52% | +4.17% | +0.02B |
| 2025-06-30 | $1.20B | 420 | +12.18% | +14.94% | -2.76% | -0.03B |
| 2025-03-31 | $1.07B | 406 | +3.36% | +8.30% | -4.94% | +0.06B |
| 2024-12-31 | $1.11B | 394 | +22.07% | +24.89% | -2.81% | -0.00B |
| 2024-09-30 | $1.08B | 387 | +36.24% | +36.04% | +0.20% | +0.01B |
| 2024-06-30 | $1.03B | 382 | +23.23% | +24.49% | -1.26% | +0.07B |
| 2024-03-31 | $903M | 347 | +29.53% | +29.62% | -0.09% | +0.03B |
| 2023-12-31 | $816M | 326 | +42.10% | +26.18% | +15.92% | -0.00B |
| 2023-09-30 | $715M | 310 | +26.12% | +21.57% | +4.55% | +0.05B |
| 2023-06-30 | $704M | 299 | +25.79% | +19.42% | +6.37% | -0.01B |
| 2023-03-31 | $638M | 294 | -8.00% | -7.82% | -0.18% | +0.01B |
| 2022-12-31 | $533M | 271 | +41.05% | -18.17% | +59.22% | -0.01B |
| 2022-09-30 | $531M | 281 | +11.77% | -38.72% | +50.49% | +0.07B |
| 2022-06-30 | $493M | 274 | -18.14% | -16.11% | -2.03% | -0.03B |