Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.27%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.29%
steady accumulation
Rally response
-8.15%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $48M | 19.7% | — | 5.5 yr |
| ACWXiShares MSCI ACWI ex U.S | $32M | 13.4% | — | 1.0 yr |
| QQQInvesco QQQ Trust, Serie | $23M | 9.6% | — | 5.5 yr |
| SPYState Street SPDR S&P 50 | $20M | 8.2% | +17.6% | 5.5 yr |
| UUnity Software Inc. | $18M | 7.5% | +12.0% | 5.5 yr |
| VEAVanguard FTSE Developed | $9M | 3.8% | — | 5.5 yr |
| MGKVanguard Mega Cap Growth | $9M | 3.8% | — | 5.5 yr |
| RBLXRoblox Corporation | $9M | 3.5% | -3.0% | 5.3 yr |
| EFAiShares MSCI EAFE ETF | $8M | 3.1% | — | 3.0 yr |
| MGVVanguard Mega Cap Value | $6M | 2.4% | — | 5.5 yr |
| IJRiShares Core S&P Small-C | $5M | 2.3% | — | 5.5 yr |
| IWMiShares Russell 2000 ETF | $3M | 1.4% | — | 2.8 yr |
| VPLVanguard FTSE Pacific ET | $3M | 1.3% | — | 5.5 yr |
| IDEViShares Core MSCI Intern | $3M | 1.2% | — | 5.5 yr |
| SHOPShopify Inc. | $3M | 1.0% | +24.2% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management76.0%+37.6pp$184M
Software - Application8.8%-45.0pp$21M
Electronic Gaming & Multimedia3.5%-0.2pp$9M
Internet Content & Information2.4%+1.1pp$6M
Semiconductors1.7%+1.5pp$4M
Consumer Electronics0.8%+0.7pp$2M
Auto - Manufacturers0.8%+0.6pp$2M
Software - Infrastructure0.8%+0.4pp$2M
Specialty Retail0.7%+0.4pp$2M
Tobacco0.5%+0.3pp$1M
Country
US98.1%+1.0pp
CA1.1%-0.1pp
IE0.2%+0.1pp
CN0.2%-0.1pp
Unknown0.1%+0.1pp
MX0.1%+0.1pp
UY0.1%+0.0pp
Top 5: 58.5% · Top 10: 75.2% · Top 25: 90.2%
Top buys this quarter · 15
| GOOG Alphabet Inc. | +$2M |
| AAPL Apple Inc. | +$2M |
| NVDA NVIDIA Corporation | +$1M |
| MSFT Microsoft Corporation | +$1M |
| AVGO Broadcom Inc. | +$1M |
| META Meta Platforms, Inc. | +$1M |
| AMZN Amazon.com, Inc. | +$1M |
| AER AerCap Holdings N.V.new | +$0M |
| TSLA Tesla, Inc. | +$0M |
| KLAC KLA Corporation | +$0M |
Top sells this quarter · 15
| U Unity Software Inc. | −$17M |
| CFLT Confluent, Inc.exit | −$0M |
| WB Weibo Corporation | −$0M |
| UNH UnitedHealth Group Incorporateexit | −$0M |
| HIMS Hims & Hers Health, Inc.exit | −$0M |
| PINS Pinterest, Inc.exit | −$0M |
| ESTC Elastic N.V.exit | −$0M |
| AUR Aurora Innovation, Inc. | −$0M |
| ATAI Atai Beckley N.Vexit | −$0M |
| OPEN Opendoor Technologies Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $242M | 87 | +30.04% | +17.59% | +12.45% | +0.04B |
| 2025-12-31 | $307M | 73 | +74.96% | +17.72% | +57.24% | -0.09B |
| 2025-09-30 | $389M | 75 | +73.35% | +17.52% | +55.83% | -0.23B |
| 2025-06-30 | $403M | 72 | +52.24% | +14.94% | +37.29% | -0.03B |
| 2025-03-31 | $347M | 81 | -22.09% | +8.30% | -30.39% | -0.09B |
| 2024-12-31 | $496M | 80 | -40.20% | +24.89% | -65.09% | -0.00B |
| 2024-09-30 | $487M | 65 | -23.56% | +36.04% | -59.60% | -0.03B |
| 2024-06-30 | $388M | 56 | -58.61% | +24.49% | -83.10% | +0.04B |
| 2024-03-31 | $541M | 59 | -14.84% | +29.62% | -44.46% | +0.02B |
| 2023-12-31 | $761M | 73 | +43.44% | +26.18% | +17.27% | -0.10B |
| 2023-09-30 | $660M | 63 | -0.97% | +21.57% | -22.54% | -0.03B |
| 2023-06-30 | $946M | 65 | +18.16% | +19.42% | -1.26% | -0.19B |
| 2023-03-31 | $859M | 71 | -66.30% | -7.82% | -58.48% | -0.01B |
| 2022-12-31 | $764M | 60 | -71.86% | -18.17% | -53.69% | +0.01B |
| 2022-09-30 | $843M | 136 | -65.23% | -15.51% | -49.72% | +0.01B |
| 2022-06-30 | $963M | 127 | -59.75% | -10.62% | -49.13% | +0.07B |