Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.53%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.66%
baseline attrition
Rally response
-4.89%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $70M | 10.4% | — | 3.3 yr |
| CIENCiena Corporation | $46M | 6.8% | +542.4% | 1.3 yr |
| NVDANVIDIA Corporation | $35M | 5.3% | +60.9% | 2.8 yr |
| UECUranium Energy Corp. | $30M | 4.5% | +182.4% | 1.3 yr |
| GOOGAlphabet Inc. | $29M | 4.4% | +84.3% | 5.5 yr |
| SCHWThe Charles Schwab Corpo | $27M | 4.0% | +21.5% | 5.5 yr |
| MSFTMicrosoft Corporation | $26M | 3.8% | -0.6% | 5.5 yr |
| AMZNAmazon.com, Inc. | $25M | 3.7% | +9.5% | 5.5 yr |
| MAMastercard Incorporated | $25M | 3.7% | -8.5% | 5.5 yr |
| SPGIS&P Global Inc. | $25M | 3.7% | -15.6% | 4.3 yr |
| TDGTransDigm Group Incorpor | $25M | 3.7% | -10.5% | 5.5 yr |
| METAMeta Platforms, Inc. | $24M | 3.5% | -0.4% | 5.5 yr |
| IBITiShares Bitcoin Trust ET | $23M | 3.4% | — | 2.3 yr |
| ETHAiShares Ethereum Trust E | $20M | 3.0% | — | 1.5 yr |
| UBERUber Technologies, Inc. | $20M | 2.9% | -1.3% | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management23.6%-0.6pp$159M
Semiconductors11.3%+5.4pp$76M
Communication Equipment9.0%+7.6pp$60M
Internet Content & Information7.9%-0.3pp$53M
Uranium6.8%+4.2pp$46M
Aerospace & Defense6.0%-2.8pp$41M
Software - Application5.4%-2.0pp$36M
Financial - Data & Stock Exchanges4.4%-2.2pp$30M
Software - Infrastructure4.3%-2.9pp$29M
Financial - Credit Services4.0%-2.8pp$27M
Country
US95.2%-0.5pp
CA2.3%+1.1pp
AR0.6%+0.1pp
MX0.6%-0.0pp
Unknown0.5%-0.3pp
BR0.4%-0.0pp
UY0.3%-0.4pp
NL0.2%+0.0pp
Top 5: 31.4% · Top 10: 50.3% · Top 25: 85.5%
Top buys this quarter · 15
| LITE Lumentum Holdings Inc.new | +$14M |
| P Everpure, Inc.new | +$10M |
| COHR Coherent, Inc.new | +$3M |
| MSFT Microsoft Corporation | +$26M |
| XMTR Xometry, Inc.new | +$1M |
| AEVA Aeva Technologies, Inc. | +$1M |
| META Meta Platforms, Inc. | +$24M |
| AMZN Amazon.com, Inc. | +$25M |
| UBER Uber Technologies, Inc. | +$20M |
| AVGO Broadcom Inc. | +$18M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $671M | 59 | +36.69% | +17.59% | +19.10% | -0.02B |
| 2025-12-31 | $698M | 57 | +33.39% | +17.72% | +15.68% | -0.03B |
| 2025-09-30 | $679M | 59 | +25.20% | +17.52% | +7.68% | -0.03B |
| 2025-06-30 | $634M | 59 | +15.54% | +14.94% | +0.60% | +0.07B |
| 2025-03-31 | $485M | 58 | +1.42% | +8.30% | -6.89% | -0.15B |
| 2024-12-31 | $659M | 62 | +18.43% | +24.89% | -6.45% | +0.02B |
| 2024-09-30 | $640M | 62 | +36.01% | +36.04% | -0.03% | -0.01B |
| 2024-06-30 | $628M | 63 | +28.87% | +24.49% | +4.38% | -0.02B |
| 2024-03-31 | $634M | 62 | +41.76% | +29.62% | +12.14% | +0.09B |
| 2023-12-31 | $488M | 59 | +38.56% | +26.18% | +12.38% | +0.02B |
| 2023-09-30 | $409M | 61 | +27.62% | +21.57% | +6.05% | -0.00B |
| 2023-06-30 | $422M | 59 | +26.58% | +19.42% | +7.15% | -0.01B |
| 2023-03-31 | $383M | 51 | -9.85% | -7.82% | -2.03% | -0.00B |
| 2022-12-31 | $352M | 47 | +5.98% | +7.56% | -1.59% | -0.02B |
| 2022-09-30 | $349M | 43 | -2.72% | -4.93% | +2.21% | -0.05B |
| 2022-06-30 | $411M | 46 | -20.25% | -16.11% | -4.14% | +0.03B |