Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.24%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.40%
baseline attrition
Rally response
-22.81%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLWCorning Incorporated | $82M | 5.4% | +201.5% | 0.5 yr |
| TMUST-Mobile US, Inc. | $63M | 4.1% | -19.9% | 1.5 yr |
| EQIXEquinix, Inc. | $62M | 4.1% | +23.0% | 1.0 yr |
| METAMeta Platforms, Inc. | $58M | 3.8% | -0.4% | 3.8 yr |
| TSMTaiwan Semiconductor Man | $51M | 3.3% | +105.6% | 1.8 yr |
| LITELumentum Holdings Inc. | $50M | 3.3% | +1027.3% | 0.8 yr |
| UBERUber Technologies, Inc. | $43M | 2.8% | -1.3% | 3.0 yr |
| VZVerizon Communications I | $41M | 2.7% | +16.5% | 1.0 yr |
| SNDKSandisk Corporation | $39M | 2.6% | +1234.5% | 0.3 yr |
| LRCXLam Research Corporation | $37M | 2.5% | +196.1% | 0.3 yr |
| CIENCiena Corporation | $35M | 2.3% | +542.4% | 0.3 yr |
| SPOTSpotify Technology S.A. | $34M | 2.2% | -11.8% | 2.3 yr |
| AMATApplied Materials, Inc. | $32M | 2.1% | +137.6% | 0.3 yr |
| INTUIntuit Inc. | $32M | 2.1% | -29.3% | 1.3 yr |
| AMZNAmazon.com, Inc. | $31M | 2.1% | +9.5% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application13.5%-5.8pp$205M
Semiconductors13.2%+5.4pp$200M
Software - Infrastructure12.0%+3.4pp$183M
Hardware, Equipment & Parts9.2%$140M
Internet Content & Information8.9%-2.8pp$135M
Entertainment7.4%-2.1pp$113M
Telecommunications Services6.8%$104M
Communication Equipment5.6%+0.5pp$85M
Specialty Retail5.3%-4.4pp$81M
REIT - Specialty4.1%$62M
Country
US86.3%+6.7pp
TW3.3%+1.5pp
SG2.9%+0.2pp
LU2.2%
Unknown1.7%-3.3pp
CN1.1%-5.4pp
IE1.0%
AU0.8%-3.5pp
Top 5: 20.7% · Top 10: 34.6% · Top 25: 64.1%
Top buys this quarter · 15
| GLW Corning Incorporated | +$47M |
| SNDK Sandisk Corporationnew | +$39M |
| LRCX Lam Research Corporationnew | +$37M |
| CIEN Ciena Corporationnew | +$35M |
| META Meta Platforms, Inc. | +$35M |
| AMAT Applied Materials, Inc.new | +$32M |
| CSGP CoStar Group, Inc.new | +$27M |
| CRWV CoreWeave, Inc. Class A Common | +$26M |
| AFRM Affirm Holdings, Inc. | +$25M |
| DASH DoorDash, Inc. | +$24M |
Top sells this quarter · 15
| NVDA NVIDIA Corporationexit | −$54M |
| DIS The Walt Disney Companyexit | −$38M |
| FOX Fox Corporation | −$31M |
| EBAY eBay Inc.exit | −$29M |
| DKNG DraftKings Inc.exit | −$23M |
| CVNA Carvana Co.exit | −$22M |
| AMKR Amkor Technology, Inc.exit | −$21M |
| ONTO Onto Innovation Inc.exit | −$16M |
| LITE Lumentum Holdings Inc. | −$35M |
| COHR Coherent, Inc. | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.52B | 64 | +36.73% | +17.59% | +19.14% | +0.28B |
| 2025-12-31 | $1.32B | 74 | +39.93% | +17.72% | +22.21% | -0.33B |
| 2025-09-30 | $1.55B | 71 | +46.89% | +17.52% | +29.38% | +0.17B |
| 2025-06-30 | $1.21B | 39 | +43.92% | +14.94% | +28.98% | +0.03B |
| 2025-03-31 | $975M | 38 | +29.29% | +8.30% | +20.98% | +0.32B |
| 2024-12-31 | $686M | 36 | +51.15% | +24.89% | +26.27% | -0.18B |
| 2024-09-30 | $776M | 41 | +63.17% | +36.04% | +27.13% | +0.05B |
| 2024-06-30 | $649M | 42 | +53.17% | +24.49% | +28.68% | +0.03B |
| 2024-03-31 | $568M | 36 | +46.02% | +29.62% | +16.39% | +0.07B |
| 2023-12-31 | $440M | 31 | +70.33% | +26.18% | +44.15% | +0.08B |
| 2023-09-30 | $296M | 31 | +37.29% | +21.57% | +15.72% | -0.05B |
| 2023-06-30 | $332M | 24 | +29.82% | +19.42% | +10.39% | +0.10B |
| 2023-03-31 | $223M | 29 | -11.31% | -7.82% | -3.49% | -0.03B |
| 2022-12-31 | $193M | 27 | -2.77% | +7.56% | -10.33% | -0.05B |
| 2022-09-30 | $253M | 30 | -1.09% | -4.93% | +3.84% | +0.10B |
| 2022-06-30 | $154M | 25 | -29.42% | -16.11% | -13.31% | +0.04B |