Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.10%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.14%
steady accumulation
Rally response
-10.89%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NUNu Holdings Ltd. | $424M | 25.2% | +40.3% | 2.5 yr |
| FIGRFigure Technology Soluti | $382M | 22.7% | — | 0.8 yr |
| HOODRobinhood Markets, Inc. | $225M | 13.4% | +66.5% | 2.5 yr |
| COINCoinbase Global, Inc. | $129M | 7.7% | +1.4% | 2.5 yr |
| SESea Limited | $107M | 6.3% | -36.5% | 2.5 yr |
| WLTHWealthfront Corporation | $91M | 5.4% | — | 0.5 yr |
| SQBlock, Inc. | $86M | 5.1% | — | 2.5 yr |
| MELIMercadoLibre, Inc. | $59M | 3.5% | -11.4% | 2.5 yr |
| — | $54M | 3.2% | — | 2.5 yr |
| DLODLocal Limited | $50M | 3.0% | +63.1% | 2.5 yr |
| YOUClear Secure, Inc. | $36M | 2.2% | +90.4% | 1.5 yr |
| GRABGrab Holdings Limited | $23M | 1.4% | -19.2% | 0.5 yr |
| CPNGCoupang, Inc. | $11M | 0.6% | -13.9% | 0.3 yr |
| TONXTON Strategy Co. | $4M | 0.2% | -47.1% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Financial - Capital Markets36.1%+22.3pp$607M
Banks - Diversified25.2%-3.2pp$424M
Specialty Retail10.5%-6.4pp$177M
Software - Application8.9%+7.5pp$150M
Software - Infrastructure8.1%-1.4pp$137M
Financial - Data & Stock Exchanges7.7%-5.4pp$129M
Unknown3.2%-13.5pp$54M
Asset Management0.2%+0.2pp$4M
Country
US56.7%+22.0pp
BR25.2%-3.2pp
SG7.7%-7.0pp
UY6.5%+1.1pp
Unknown3.2%-13.5pp
KR0.6%
Top 5: 75.3% · Top 10: 95.6% · Top 25: 100.0%
Top buys this quarter · 7
| MELI MercadoLibre, Inc. | +$39M |
| SE Sea Limited | +$107M |
| NU Nu Holdings Ltd. | +$424M |
| GRAB Grab Holdings Limited | +$13M |
| CPNG Coupang, Inc.new | +$11M |
| HOOD Robinhood Markets, Inc. | +$225M |
| SQ Block, Inc. | +$0M |
Top sells this quarter · 1
| PURR Hyperliquid Strategies Inc Comexit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.68B | 14 | +35.49% | +17.59% | +17.90% | +0.11B |
| 2025-12-31 | $2.02B | 14 | +71.83% | +17.72% | +54.11% | +0.11B |
| 2025-09-30 | $2.11B | 14 | +157.22% | +17.52% | +139.70% | +0.34B |
| 2025-06-30 | $1.47B | 11 | +122.30% | +14.94% | +107.36% | -0.09B |
| 2025-03-31 | $975M | 11 | +49.38% | +8.30% | +41.07% | +0.10B |
| 2024-12-31 | $884M | 11 | +123.15% | +24.89% | +98.26% | -1.14B |
| 2024-09-30 | $1.49B | 9 | +4.00% | +5.75% | -1.75% | -0.00B |
| 2024-06-30 | $1.44B | 9 | +7.42% | +4.38% | +3.04% | -0.05B |
| 2024-03-31 | $1.38B | 9 | +47.21% | +10.39% | +36.82% | -0.36B |
| 2023-12-31 | $1.18B | 8 | — | — | — | — |