Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.72%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.78%
baseline attrition
Rally response
-3.18%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $429M | 11.9% | +60.9% | 1.5 yr |
| VOOVanguard S&P 500 ETF | $217M | 6.0% | — | 1.5 yr |
| VTIVanguard Total Stock Mar | $186M | 5.2% | — | 1.5 yr |
| AAPLApple Inc. | $119M | 3.3% | +14.7% | 1.5 yr |
| QQQInvesco QQQ Trust, Serie | $111M | 3.1% | — | 1.5 yr |
| VTVanguard Total World Sto | $110M | 3.0% | — | 1.5 yr |
| TSLATesla, Inc. | $97M | 2.7% | +43.4% | 1.5 yr |
| GOOGLAlphabet Inc. | $90M | 2.5% | — | 1.5 yr |
| VYMVanguard High Dividend Y | $87M | 2.4% | — | 1.5 yr |
| AMZNAmazon.com, Inc. | $82M | 2.3% | +9.5% | 1.5 yr |
| PLTRPalantir Technologies In | $77M | 2.1% | +73.3% | 1.5 yr |
| MSFTMicrosoft Corporation | $76M | 2.1% | -0.6% | 1.5 yr |
| SPYDState Street SPDR Portfo | $67M | 1.9% | — | 1.5 yr |
| GLDMSPDR Gold MiniShares Tru | $54M | 1.5% | — | 1.5 yr |
| GOOGAlphabet Inc. | $53M | 1.5% | +84.3% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management37.4%-1.6pp$1.35B
Semiconductors15.7%+3.2pp$568M
Software - Infrastructure5.4%-0.2pp$196M
Internet Content & Information5.2%+1.4pp$187M
Consumer Electronics3.3%-0.4pp$120M
Auto - Manufacturers2.8%+0.2pp$102M
Specialty Retail2.6%-0.5pp$93M
Asset Management - Leveraged2.5%-0.4pp$92M
Drug Manufacturers - General2.2%-0.1pp$80M
Asset Management - Bonds2.2%-0.2pp$79M
Country
US94.9%-0.3pp
GB1.4%-0.1pp
TW0.7%+0.1pp
CA0.6%+0.2pp
AU0.4%+0.3pp
Unknown0.4%-0.4pp
CN0.2%-0.1pp
RU0.2%+0.1pp
Top 5: 29.4% · Top 10: 42.3% · Top 25: 60.1%
Top buys this quarter · 15
| TEAM Atlassian Corporation | +$10M |
| MU Micron Technology, Inc. | +$9M |
| SNDK Sandisk Corporation | +$5M |
| RKLB Rocket Lab USA, Inc. | +$3M |
| RTX RTX Corporation | +$3M |
| MSFT Microsoft Corporation | +$76M |
| ASTS AST SpaceMobile, Inc. | +$2M |
| PINS Pinterest, Inc. | +$2M |
| NAT Nordic American Tankers Limite | +$2M |
| CTVA Corteva, Inc. | +$2M |
Top sells this quarter · 15
| NVDA NVIDIA Corporation | −$20M |
| B Barrick Mining Corporation | −$13M |
| KYIV Kyivstar Group Ltd. Common Sha | −$5M |
| ED Consolidated Edison, Inc. | −$4M |
| CELH Celsius Holdings, Inc. | −$4M |
| PLTR Palantir Technologies Inc. | −$4M |
| BSAC Banco Santander-Chile | −$4M |
| LUNR Intuitive Machines, Inc. | −$3M |
| GGAL Grupo Financiero Galicia S.A. | −$3M |
| KO The Coca-Cola Company | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.62B | 4005 | +31.07% | +17.59% | +13.48% | -0.00B |
| 2025-12-31 | $3.89B | 4011 | +26.77% | +17.72% | +9.05% | +0.01B |
| 2025-09-30 | $3.87B | 4179 | +14.88% | +8.12% | +6.76% | -0.13B |
| 2025-06-30 | $3.48B | 4138 | +22.29% | +10.78% | +11.52% | -0.19B |
| 2025-03-31 | $3.00B | 4125 | -10.02% | -4.27% | -5.76% | +0.11B |
| 2024-12-31 | $3.21B | 4082 | — | — | — | — |