Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.08%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.08%
baseline attrition
Rally response
-29.61%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMZNAmazon.com, Inc. | $51M | 9.6% | +9.5% | 3.0 yr |
| IVViShares Core S&P 500 ETF | $45M | 8.5% | — | 0.3 yr |
| EAElectronic Arts Inc. | $43M | 8.2% | +41.7% | 1.3 yr |
| NVDANVIDIA Corporation | $40M | 7.5% | +60.9% | 1.5 yr |
| VSTVistra Corp. | $33M | 6.2% | +28.7% | 1.8 yr |
| GTLSChart Industries, Inc. | $30M | 5.6% | +43.2% | 0.3 yr |
| EROEro Copper Corp. | $29M | 5.4% | +120.0% | 2.5 yr |
| METAMeta Platforms, Inc. | $25M | 4.7% | -0.4% | 4.5 yr |
| HOLXHologic, Inc. | $21M | 4.0% | +22.4% | 1.8 yr |
| AESThe AES Corporation | $20M | 3.8% | +19.9% | 1.0 yr |
| TECKTeck Resources Limited | $18M | 3.4% | +43.3% | 3.3 yr |
| MSFTMicrosoft Corporation | $14M | 2.7% | -0.6% | 5.3 yr |
| RIORio Tinto Group | $12M | 2.2% | +63.4% | 3.0 yr |
| YPFYPF Sociedad Anónima | $12M | 2.2% | +31.9% | 1.3 yr |
| WBDWarner Bros. Discovery, | $12M | 2.2% | +155.9% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management12.0%-5.8pp$63M
Independent Power Producers9.9%+3.1pp$53M
Specialty Retail9.7%-11.0pp$51M
Electronic Gaming & Multimedia8.2%$43M
Semiconductors8.1%+1.3pp$43M
Industrial Materials7.7%-0.0pp$41M
Industrial - Machinery5.6%$30M
Copper5.4%+4.0pp$29M
Internet Content & Information4.7%+0.3pp$25M
Medical - Instruments & Supplies4.0%$21M
Country
US72.4%-4.8pp
BR13.1%+8.5pp
CA8.8%+1.2pp
AR3.0%+2.2pp
GB2.2%-0.9pp
TW0.3%-6.3pp
SG0.1%
Top 5: 40.0% · Top 10: 63.5% · Top 25: 91.7%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$38M |
| GTLS Chart Industries, Inc.new | +$30M |
| EA Electronic Arts Inc. | +$24M |
| HOLX Hologic, Inc. | +$21M |
| AES The AES Corporation | +$20M |
| VST Vistra Corp. | +$17M |
| WBD Warner Bros. Discovery, Inc.new | +$12M |
| NU Nu Holdings Ltd.new | +$10M |
| CWAN Clearwater Analytics Holdings, | +$8M |
| CSGS CSG Systems International, Incnew | +$6M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$67M |
| KVUE Kenvue Inc. | −$34M |
| MSFT Microsoft Corporation | −$12M |
| META Meta Platforms, Inc. | −$7M |
| EXAS Exact Sciences Corporationexit | −$7M |
| VIV Telefônica Brasil S.A. | −$4M |
| TGNA TEGNA Inc.exit | −$3M |
| V Visa Inc. | −$3M |
| DIS The Walt Disney Company | −$3M |
| MA Mastercard Incorporated | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $531M | 48 | +38.52% | +17.59% | +20.93% | +0.03B |
| 2025-12-31 | $522M | 35 | +30.89% | +17.72% | +13.17% | -0.08B |
| 2025-09-30 | $534M | 58 | +15.60% | +17.52% | -1.92% | +0.05B |
| 2025-06-30 | $459M | 116 | +17.54% | +14.94% | +2.60% | -0.14B |
| 2025-03-31 | $493M | 82 | -3.55% | +8.30% | -11.85% | +0.36B |
| 2024-12-31 | $149M | 274 | +12.51% | +24.89% | -12.37% | -0.26B |
| 2024-09-30 | $409M | 155 | +24.47% | +36.04% | -11.56% | +0.05B |
| 2024-06-30 | $333M | 161 | +9.90% | +24.49% | -14.59% | -0.12B |
| 2024-03-31 | $454M | 256 | +18.74% | +29.62% | -10.89% | -0.06B |
| 2023-12-31 | $485M | 523 | +20.12% | +26.18% | -6.06% | -0.32B |
| 2023-09-30 | $733M | 525 | +11.74% | +21.57% | -9.82% | +0.23B |
| 2023-06-30 | $538M | 454 | +20.34% | +19.42% | +0.91% | +0.21B |
| 2023-03-31 | $302M | 407 | -1.25% | -7.82% | +6.57% | +0.17B |
| 2022-12-31 | $125M | 173 | +2.34% | +7.56% | -5.22% | -0.12B |
| 2022-09-30 | $237M | 32 | +1.40% | -4.93% | +6.33% | +0.08B |
| 2022-06-30 | $151M | 30 | -11.18% | -16.11% | +4.93% | +0.07B |