Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.17%
trims when stocks drop
when a holding falls −10%+
Middle response
-33.87%
baseline attrition
Rally response
-22.08%
trims into rallies
when a holding rises +10%+
Top positions · 12
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VIAVViavi Solutions Inc. | $5M | 33.4% | +197.4% | 0.3 yr |
| CNXCNX Resources Corporatio | $2M | 11.1% | +22.5% | 0.3 yr |
| CIENCiena Corporation | $1M | 9.0% | +542.4% | 0.8 yr |
| LITELumentum Holdings Inc. | $1M | 8.2% | +1027.3% | 0.8 yr |
| QQQInvesco QQQ Trust, Serie | $1M | 7.3% | — | 1.3 yr |
| ERICTelefonaktiebolaget LM E | $1M | 6.9% | +46.5% | 0.3 yr |
| PAASPan American Silver Corp | $1M | 6.2% | +114.7% | 0.5 yr |
| KEYSKeysight Technologies, I | $1M | 6.1% | +88.5% | 0.3 yr |
| FIGSFIGS, Inc. | $1M | 6.0% | +221.8% | 0.3 yr |
| CATCaterpillar Inc. | $0M | 3.0% | +117.8% | 0.5 yr |
| GEVGE Vernova Inc. | $0M | 2.5% | +186.8% | 1.5 yr |
| BFLYButterfly Network, Inc. | $0M | 0.3% | +77.2% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Communication Equipment57.5%$8M
Oil & Gas Exploration & Production11.1%$2M
Asset Management7.3%-5.9pp$1M
Silver6.2%$1M
Hardware, Equipment & Parts6.1%$1M
Apparel - Manufacturers6.0%$1M
Agricultural - Machinery3.0%$0M
Renewable Utilities2.5%$0M
Medical - Devices0.3%$0M
Country
US86.9%+6.7pp
SE6.9%
CA6.2%
Top 5: 69.0% · Top 10: 97.2% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 7
| VIAV Viavi Solutions Inc.new | +$5M |
| CNX CNX Resources Corporationnew | +$2M |
| ERIC Telefonaktiebolaget LM Ericssonew | +$1M |
| KEYS Keysight Technologies, Inc.new | +$1M |
| FIGS FIGS, Inc.new | +$1M |
| BFLY Butterfly Network, Inc.new | +$0M |
| QQQ Invesco QQQ Trust, Series 1 | +$0M |
Top sells this quarter · 15
| TSLA Tesla, Inc.exit | −$38M |
| LLY Eli Lilly and Companyexit | −$37M |
| RDDT Reddit, Inc.exit | −$19M |
| NVDA NVIDIA Corporationexit | −$18M |
| RKLB Rocket Lab USA, Inc.exit | −$13M |
| TWLO Twilio Inc.exit | −$11M |
| ZETA Zeta Global Holdings Corp.exit | −$10M |
| TSM Taiwan Semiconductor Manufactuexit | −$9M |
| CRS Carpenter Technology Corporatiexit | −$8M |
| FSLR First Solar, Inc.exit | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $14M | 12 | +48.33% | +17.59% | +30.74% | -0.26B |
| 2025-12-31 | $291M | 45 | +37.12% | +17.72% | +19.40% | -0.26B |
| 2025-09-30 | $543M | 60 | +68.42% | +17.52% | +50.90% | +0.01B |
| 2025-06-30 | $435M | 57 | +53.91% | +14.94% | +38.97% | +0.37B |
| 2025-03-31 | $53M | 19 | +42.54% | +8.30% | +34.23% | -0.25B |
| 2024-12-31 | $342M | 37 | +88.70% | +24.89% | +63.82% | -0.15B |
| 2024-09-30 | $392M | 56 | +73.23% | +36.04% | +37.19% | +0.16B |
| 2024-06-30 | $213M | 50 | +49.96% | +24.49% | +25.47% | +0.12B |
| 2024-03-31 | $81M | 36 | +40.39% | +29.62% | +10.77% | -0.12B |
| 2023-12-31 | $172M | 51 | +49.21% | +26.18% | +23.03% | +0.05B |
| 2023-09-30 | $110M | 52 | +23.38% | +21.57% | +1.81% | -0.35B |
| 2023-06-30 | $482M | 72 | +30.67% | +19.42% | +11.25% | +0.27B |
| 2023-03-31 | $194M | 64 | +3.30% | -7.82% | +11.12% | +0.17B |
| 2022-12-31 | $22M | 34 | -5.09% | +7.56% | -12.65% | -0.00B |
| 2022-09-30 | $25M | 37 | +1.92% | -4.93% | +6.85% | +0.00B |
| 2022-06-30 | $24M | 29 | -14.36% | -16.11% | +1.75% | -0.14B |