Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.22%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.15%
steady accumulation
Rally response
-17.75%
trims into rallies
when a holding rises +10%+
Top positions · 16
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $30M | 16.7% | -0.6% | 1.5 yr |
| VRSNVeriSign, Inc. | $28M | 15.5% | -0.9% | 1.0 yr |
| ADBEAdobe Inc. | $22M | 12.0% | -36.6% | 1.5 yr |
| NVRNVR, Inc. | $17M | 9.5% | -9.0% | 1.5 yr |
| BF-BBrown-Forman Corporation | $15M | 8.2% | -19.5% | 1.5 yr |
| VVisa Inc. | $12M | 6.9% | -13.1% | 0.8 yr |
| DPZDomino's Pizza, Inc. | $12M | 6.6% | -20.6% | 0.8 yr |
| PAYCPaycom Software, Inc. | $10M | 5.7% | -43.9% | 1.0 yr |
| CLColgate-Palmolive Compan | $8M | 4.5% | -6.8% | 0.8 yr |
| EWEdwards Lifesciences Cor | $8M | 4.3% | +10.5% | 1.5 yr |
| POOLPool Corporation | $8M | 4.2% | -35.2% | 0.3 yr |
| SESea Limited | $4M | 2.4% | -36.5% | 1.5 yr |
| PDDPDD Holdings Inc. | $3M | 1.5% | -13.7% | 1.5 yr |
| METAMeta Platforms, Inc. | $2M | 1.0% | -0.4% | 1.5 yr |
| FUTUFutu Holdings Limited | $2M | 0.9% | +33.6% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure32.2%+24.7pp$58M
Software - Application17.7%+2.8pp$32M
Residential Construction9.5%-0.6pp$17M
Beverages - Wineries & Distilleries8.2%+1.0pp$15M
Financial - Credit Services6.9%+2.1pp$12M
Restaurants6.6%$12M
Household & Personal Products4.5%$8M
Medical - Devices4.3%+0.0pp$8M
Industrial - Distribution4.2%+3.2pp$8M
Specialty Retail3.9%-2.8pp$7M
Country
US95.0%+6.3pp
SG2.4%-0.5pp
IE1.7%-4.5pp
HK0.9%
Top 5: 61.8% · Top 10: 89.9% · Top 25: 100.0%
Top buys this quarter · 9
| POOL Pool Corporationnew | +$8M |
| BF-B Brown-Forman Corporation | +$4M |
| DPZ Domino's Pizza, Inc. | +$3M |
| NVR NVR, Inc. | +$17M |
| MSFT Microsoft Corporation | +$30M |
| META Meta Platforms, Inc. | +$1M |
| VRSN VeriSign, Inc. | +$1M |
| SE Sea Limited | +$4M |
| DOLE Dole plc | +$0M |
Top sells this quarter · 15
| PYPL PayPal Holdings, Inc.exit | −$11M |
| EW Edwards Lifesciences Corporati | −$10M |
| V Visa Inc. | −$10M |
| CHD Church & Dwight Co., Inc.exit | −$7M |
| PG The Procter & Gamble Companyexit | −$7M |
| OTIS Otis Worldwide Corporationexit | −$5M |
| PEP PepsiCo, Inc.exit | −$4M |
| PAYC Paycom Software, Inc. | −$4M |
| CL Colgate-Palmolive Company | −$4M |
| PACB Pacific Biosciences of Califorexit | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $180M | 16 | -12.02% | +17.59% | -29.62% | -0.06B |
| 2025-12-31 | $272M | 26 | -2.16% | +17.72% | -19.88% | +0.01B |
| 2025-09-30 | $275M | 26 | -0.17% | +8.12% | -8.30% | +0.04B |
| 2025-06-30 | $232M | 21 | +5.90% | +10.78% | -4.88% | +0.04B |
| 2025-03-31 | $182M | 27 | -2.98% | -4.27% | +1.28% | +0.03B |
| 2024-12-31 | $158M | 30 | — | — | — | — |