Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.31%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.11%
baseline attrition
Rally response
-16.12%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SGOViShares 0-3 Month Treasu | $79M | 17.3% | — | 1.5 yr |
| METAMeta Platforms, Inc. | $42M | 9.2% | -0.4% | 4.5 yr |
| AMZNAmazon.com, Inc. | $40M | 8.8% | +9.5% | 4.5 yr |
| NVDANVIDIA Corporation | $24M | 5.3% | +60.9% | 2.8 yr |
| GOOGLAlphabet Inc. | $23M | 5.0% | — | 2.5 yr |
| TSMTaiwan Semiconductor Man | $20M | 4.3% | +105.6% | 3.0 yr |
| BABAAlibaba Group Holding Li | $18M | 4.0% | -3.5% | 4.5 yr |
| ORCLOracle Corporation | $17M | 3.8% | +5.9% | 2.5 yr |
| MSFTMicrosoft Corporation | $17M | 3.7% | -0.6% | 3.3 yr |
| QQQInvesco QQQ Trust, Serie | $12M | 2.5% | — | 1.3 yr |
| APPAppLovin Corporation | $11M | 2.4% | +50.2% | 0.8 yr |
| BIDUBaidu, Inc. | $8M | 1.8% | +21.1% | 1.0 yr |
| AVGOBroadcom Inc. | $8M | 1.7% | +86.0% | 2.0 yr |
| CRMSalesforce, Inc. | $6M | 1.3% | -30.2% | 4.5 yr |
| AAPLApple Inc. | $6M | 1.3% | +14.7% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information17.6%+11.0pp$81M
Asset Management - Bonds17.3%+13.7pp$79M
Specialty Retail13.7%+0.5pp$63M
Semiconductors13.4%+2.6pp$61M
Software - Infrastructure8.7%-4.8pp$40M
Asset Management7.3%-3.1pp$33M
Software - Application7.2%-5.1pp$33M
Information Technology Services1.6%+0.9pp$7M
Auto - Parts1.5%$7M
Industrial - Machinery1.5%+1.3pp$7M
Country
US81.9%-1.0pp
CN8.2%+3.6pp
TW4.3%+2.2pp
BR1.2%
CA1.1%-0.2pp
UY0.8%
IE0.7%-0.4pp
DE0.4%
Top 5: 45.6% · Top 10: 63.8% · Top 25: 83.2%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$18M |
| TSM Taiwan Semiconductor Manufactu | +$16M |
| APP AppLovin Corporation | +$10M |
| ORCL Oracle Corporation | +$10M |
| AMZN Amazon.com, Inc. | +$9M |
| BABA Alibaba Group Holding Limited | +$8M |
| META Meta Platforms, Inc. | +$8M |
| AVGO Broadcom Inc. | +$7M |
| BIDU Baidu, Inc. | +$4M |
| AMSC American Superconductor Corpornew | +$3M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$18M |
| MSFT Microsoft Corporation | −$17M |
| IRDM Iridium Communications Inc.exit | −$12M |
| LI Li Auto Inc.exit | −$11M |
| TCOM Trip.com Group Limited | −$9M |
| UBER Uber Technologies, Inc. | −$8M |
| TER Teradyne, Inc.exit | −$7M |
| KC Kingsoft Cloud Holdings Limite | −$6M |
| SEI Solaris Energy Infrastructure,exit | −$6M |
| NU Nu Holdings Ltd. | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $458M | 83 | +35.83% | +17.59% | +18.24% | -0.04B |
| 2025-12-31 | $550M | 114 | +46.18% | +17.72% | +28.47% | +0.02B |
| 2025-09-30 | $479M | 90 | +36.68% | +17.52% | +19.16% | -0.20B |
| 2025-06-30 | $591M | 106 | +23.36% | +14.94% | +8.42% | +0.00B |
| 2025-03-31 | $502M | 112 | +8.43% | +8.30% | +0.13% | -0.01B |
| 2024-12-31 | $518M | 142 | +18.07% | +24.89% | -6.82% | +0.13B |
| 2024-09-30 | $375M | 75 | +31.48% | +36.04% | -4.56% | -0.08B |
| 2024-06-30 | $440M | 108 | +24.45% | +24.49% | -0.04% | +0.06B |
| 2024-03-31 | $371M | 113 | +19.50% | +29.62% | -10.13% | -0.01B |
| 2023-12-31 | $356M | 51 | +28.96% | +26.18% | +2.78% | +0.10B |
| 2023-09-30 | $216M | 36 | +20.23% | +21.57% | -1.34% | +0.08B |
| 2023-06-30 | $140M | 47 | +6.61% | +19.42% | -12.81% | +0.02B |
| 2023-03-31 | $124M | 45 | -3.91% | -7.82% | +3.91% | +0.00B |
| 2022-12-31 | $106M | 47 | +8.19% | +7.56% | +0.63% | -0.04B |
| 2022-09-30 | $132M | 61 | -13.45% | -4.93% | -8.53% | +0.01B |
| 2022-06-30 | $140M | 56 | -10.83% | -16.11% | +5.28% | -0.01B |