Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.09%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.20%
baseline attrition
Rally response
-11.15%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $17M | 22.3% | — | 5.5 yr |
| ZMZoom Communications, Inc | $9M | 11.1% | +9.0% | 4.5 yr |
| SQBlock, Inc. | $7M | 9.6% | — | 4.8 yr |
| AVRYAvory Foundational ETF | $7M | 9.4% | — | 0.3 yr |
| ZZillow Group, Inc. Class | $4M | 5.5% | -39.6% | 4.8 yr |
| YOUClear Secure, Inc. | $4M | 5.3% | +90.4% | 1.5 yr |
| FWRGFirst Watch Restaurant G | $3M | 3.4% | -37.1% | 1.3 yr |
| BXBlackstone Inc. | $3M | 3.4% | -14.9% | 3.8 yr |
| OMCLOmnicell, Inc. | $3M | 3.3% | -4.5% | 5.5 yr |
| PAYCPaycom Software, Inc. | $2M | 3.1% | -43.9% | 2.8 yr |
| AMZNAmazon.com, Inc. | $2M | 3.0% | +9.5% | 0.5 yr |
| METAMeta Platforms, Inc. | $2M | 2.9% | -0.4% | 5.5 yr |
| ABNBAirbnb, Inc. | $2M | 2.6% | +5.7% | 0.3 yr |
| IAUiShares Gold Trust | $2M | 2.3% | — | 3.5 yr |
| OKTAOkta, Inc. | $2M | 2.1% | -25.2% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management41.2%+28.8pp$32M
Software - Application19.8%-4.9pp$15M
Software - Infrastructure12.5%+0.3pp$10M
Internet Content & Information8.5%-21.4pp$7M
Restaurants3.4%-0.3pp$3M
Medical - Healthcare Information Services3.3%-2.2pp$3M
Specialty Retail3.0%+2.7pp$2M
Travel Services2.6%$2M
Specialty Business Services1.7%-0.4pp$1M
Electronic Gaming & Multimedia1.6%$1M
Country
US99.7%+19.9pp
IL0.3%-16.7pp
Top 5: 57.9% · Top 10: 76.4% · Top 25: 97.5%
Top buys this quarter · 11
| BX Blackstone Inc. | +$2M |
| ABNB Airbnb, Inc.new | +$2M |
| AMZN Amazon.com, Inc. | +$2M |
| OKTA Okta, Inc.new | +$2M |
| RBLX Roblox Corporationnew | +$1M |
| AGNCZ AGNC Investment Corp. 8.75% Se | +$0M |
| AVRY Avory Foundational ETFnew | +$0M |
| BINC iShares Flexible Income Active | +$0M |
| PFFD Global X - U.S. Preferred ETFnew | +$0M |
| PGF Invesco Financial Preferred ET | +$0M |
Top sells this quarter · 15
| ZM Zoom Communications, Inc. | −$14M |
| FVRR Fiverr International Ltd.exit | −$10M |
| YOU Clear Secure, Inc. | −$7M |
| OMCL Omnicell, Inc. | −$5M |
| MCW Mister Car Wash, Inc.exit | −$5M |
| CPRI Capri Holdings Limitedexit | −$4M |
| Z Zillow Group, Inc. Class C | −$4M |
| META Meta Platforms, Inc. | −$3M |
| PAYC Paycom Software, Inc. | −$2M |
| FWRG First Watch Restaurant Group, | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $77M | 34 | -17.54% | +17.59% | -35.14% | -0.05B |
| 2025-12-31 | $156M | 39 | -13.16% | +17.72% | -30.87% | +0.00B |
| 2025-09-30 | $166M | 33 | +2.74% | +17.52% | -14.78% | +0.00B |
| 2025-06-30 | $164M | 31 | +23.42% | +14.94% | +8.47% | +0.00B |
| 2025-03-31 | $151M | 31 | +13.22% | +8.30% | +4.92% | -0.01B |
| 2024-12-31 | $178M | 29 | +32.12% | +24.89% | +7.24% | -0.00B |
| 2024-09-30 | $165M | 31 | +40.73% | +36.04% | +4.70% | -0.00B |
| 2024-06-30 | $142M | 29 | +21.88% | +24.49% | -2.61% | -0.00B |
| 2024-03-31 | $147M | 28 | +25.73% | +29.62% | -3.89% | -0.00B |
| 2023-12-31 | $143M | 29 | +40.33% | +26.18% | +14.16% | +0.00B |
| 2023-09-30 | $118M | 26 | +29.75% | +21.57% | +8.18% | -0.02B |
| 2023-06-30 | $131M | 38 | +21.96% | +19.42% | +2.53% | -0.01B |
| 2023-03-31 | $145M | 28 | -10.05% | -7.82% | -2.24% | +0.00B |
| 2022-12-31 | $124M | 28 | +8.46% | +7.56% | +0.90% | -0.00B |
| 2022-09-30 | $118M | 26 | -3.09% | -4.93% | +1.84% | +0.00B |
| 2022-06-30 | $118M | 25 | -25.94% | -16.11% | -9.83% | -0.00B |