Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-16.00%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.58%
baseline attrition
Rally response
-4.12%
trims into rallies
when a holding rises +10%+
Top positions · 12
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CVNACarvana Co. | $46M | 20.3% | +50.4% | 5.5 yr |
| HOODRobinhood Markets, Inc. | $45M | 19.8% | +66.5% | 1.5 yr |
| APPAppLovin Corporation | $36M | 15.7% | +50.2% | 2.3 yr |
| DASHDoorDash, Inc. | $23M | 10.1% | -17.8% | 4.8 yr |
| HUT.TOHut 8 Mining Corp. | $20M | 9.0% | +290.2% | 0.8 yr |
| SHOPShopify Inc. | $15M | 6.7% | +24.2% | 5.5 yr |
| TSMTaiwan Semiconductor Man | $9M | 4.2% | +105.6% | 0.3 yr |
| GOOGAlphabet Inc. | $9M | 4.1% | +84.3% | 0.3 yr |
| PLTRPalantir Technologies In | $8M | 3.7% | +73.3% | 0.3 yr |
| AFRMAffirm Holdings, Inc. | $7M | 2.9% | +1.4% | 0.8 yr |
| RBLXRoblox Corporation | $5M | 2.1% | -3.0% | 0.5 yr |
| MMYTMakeMyTrip Limited | $3M | 1.3% | -61.9% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Financial - Capital Markets28.8%+9.9pp$65M
Software - Application22.4%-10.4pp$51M
Auto - Dealerships20.3%-3.1pp$46M
Internet Content & Information14.2%-7.3pp$32M
Software - Infrastructure6.6%$15M
Semiconductors4.2%$9M
Electronic Gaming & Multimedia2.1%$5M
Travel Services1.3%-2.0pp$3M
Country
US78.8%-1.7pp
CA15.7%+6.9pp
TW4.2%
IN1.3%-2.0pp
Top 5: 75.0% · Top 10: 96.5% · Top 25: 100.0%
Top buys this quarter · 4
| TSM Taiwan Semiconductor Manufactunew | +$9M |
| GOOG Alphabet Inc.new | +$9M |
| PLTR Palantir Technologies Inc.new | +$8M |
| HUT.TO Hut 8 Mining Corp. | +$0M |
Top sells this quarter · 10
| CVNA Carvana Co. | −$44M |
| HOOD Robinhood Markets, Inc. | −$34M |
| APP AppLovin Corporation | −$23M |
| DASH DoorDash, Inc. | −$15M |
| SHOP Shopify Inc. | −$15M |
| HIMS Hims & Hers Health, Inc.exit | −$13M |
| PTRN Pattern Group Inc. Series A Coexit | −$5M |
| RBLX Roblox Corporation | −$4M |
| AFRM Affirm Holdings, Inc. | −$4M |
| MMYT MakeMyTrip Limited | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $227M | 12 | +24.55% | +17.59% | +6.96% | -0.14B |
| 2025-12-31 | $531M | 11 | +75.27% | +17.72% | +57.55% | -0.09B |
| 2025-09-30 | $698M | 12 | +178.37% | +17.52% | +160.85% | -0.21B |
| 2025-06-30 | $692M | 10 | +171.47% | +14.94% | +156.52% | -0.02B |
| 2025-03-31 | $460M | 10 | +80.41% | +8.30% | +72.10% | -0.01B |
| 2024-12-31 | $483M | 9 | +112.53% | +24.89% | +87.64% | +0.03B |
| 2024-09-30 | $325M | 6 | +87.93% | +36.04% | +51.90% | -0.06B |
| 2024-06-30 | $298M | 7 | +52.37% | +24.49% | +27.88% | -0.05B |
| 2024-03-31 | $338M | 8 | +86.30% | +29.62% | +56.68% | +0.00B |
| 2023-12-31 | $292M | 7 | +87.86% | +26.18% | +61.68% | -0.02B |
| 2023-09-30 | $248M | 8 | +46.65% | +21.57% | +25.09% | -0.17B |
| 2023-06-30 | $406M | 9 | +32.80% | +19.42% | +13.38% | -0.01B |
| 2023-03-31 | $330M | 10 | -38.08% | -7.82% | -30.26% | -0.04B |
| 2022-12-31 | $321M | 11 | -2.87% | +7.56% | -10.43% | -0.02B |
| 2022-09-30 | $354M | 12 | -6.35% | -4.93% | -1.42% | -0.02B |
| 2022-06-30 | $399M | 13 | -41.12% | -16.11% | -25.01% | -0.02B |