Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.08%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.58%
baseline attrition
Rally response
-23.46%
trims into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TDGTransDigm Group Incorpor | $53M | 21.5% | -10.5% | 0.8 yr |
| MSFTMicrosoft Corporation | $48M | 19.5% | -0.6% | 2.3 yr |
| MAMastercard Incorporated | $44M | 17.7% | -8.5% | 0.5 yr |
| VVisa Inc. | $30M | 12.3% | -13.1% | 0.5 yr |
| — | $30M | 12.1% | — | 1.5 yr |
| TCXTucows Inc. | $19M | 7.6% | +1.7% | 6.5 yr |
| GRNDGrindr Inc. | $15M | 6.1% | -32.5% | 0.5 yr |
| 0JUJ.LFormula One Group | $8M | 3.3% | -3.4% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Financial - Credit Services30.0%$74M
Software - Infrastructure27.1%-3.0pp$67M
Aerospace & Defense21.5%$53M
Unknown12.1%-44.1pp$30M
Software - Application6.1%$15M
Entertainment3.3%-10.5pp$8M
Country
US80.3%+66.5pp
Unknown12.1%-44.1pp
CA7.6%-22.4pp
Top 5: 83.1% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| 0JUJ.L | $8M | -0.00B | -3.4% |
Top buys this quarter · 3
| MA Mastercard Incorporated | +$22M |
| MSFT Microsoft Corporation | +$17M |
| V Visa Inc. | +$16M |
Top sells this quarter · 1
| TDG TransDigm Group Incorporated | −$15M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $247M | 8 | +1.03% | +17.59% | -16.56% | +0.04B |
| 2025-12-31 | $246M | 8 | +16.69% | +17.72% | -1.03% | +0.12B |
| 2025-09-30 | $117M | 4 | +10.52% | +17.52% | -6.99% | +0.05B |
| 2025-06-30 | $71M | 3 | +44.18% | +14.94% | +29.24% | -0.00B |
| 2025-03-31 | $61M | 3 | +24.92% | +8.30% | +16.62% | +0.01B |
| 2024-12-31 | $55M | 4 | +35.99% | +24.89% | +11.10% | -0.06B |
| 2024-09-30 | $109M | 4 | +72.93% | +36.04% | +36.90% | -0.05B |
| 2024-06-30 | $130M | 4 | +41.28% | +24.49% | +16.79% | -0.02B |
| 2024-03-31 | $149M | 4 | +57.68% | +29.62% | +28.06% | -0.12B |
| 2023-12-31 | $253M | 6 | +58.70% | +26.18% | +32.52% | -0.02B |
| 2023-09-30 | $213M | 4 | +30.34% | +21.57% | +8.77% | -0.10B |
| 2023-06-30 | $314M | 4 | +12.65% | +19.42% | -6.78% | -0.09B |
| 2023-03-31 | $356M | 5 | -24.13% | -7.82% | -16.32% | -0.10B |
| 2022-12-31 | $428M | 6 | +6.63% | +7.56% | -0.93% | -0.10B |
| 2022-09-30 | $498M | 7 | -13.05% | -4.93% | -8.12% | -0.03B |
| 2022-06-30 | $606M | 6 | -23.03% | -16.11% | -6.92% | +0.11B |