Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.71%
adds when stocks drop
when a holding falls −10%+
Middle response
-13.12%
baseline attrition
Rally response
-12.17%
trims into rallies
when a holding rises +10%+
Top positions · 20
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| APPAppLovin Corporation | $24M | 14.5% | +50.2% | 3.8 yr |
| — | $20M | 12.2% | — | 1.5 yr |
| DASHDoorDash, Inc. | $12M | 7.3% | -17.8% | 1.0 yr |
| TTMITTM Technologies, Inc. | $12M | 7.1% | +375.0% | 0.5 yr |
| SPHRSphere Entertainment Co. | $12M | 6.9% | +258.8% | 0.8 yr |
| SPOTSpotify Technology S.A. | $11M | 6.6% | -11.8% | 1.3 yr |
| CVNACarvana Co. | $8M | 4.9% | +50.4% | 2.3 yr |
| BEBloom Energy Corporation | $8M | 4.7% | +589.2% | 0.5 yr |
| SATSEchoStar Corporation | $8M | 4.6% | +357.7% | 0.5 yr |
| COMPCompass, Inc. | $8M | 4.5% | -16.3% | 2.5 yr |
| HOODRobinhood Markets, Inc. | $7M | 4.4% | +66.5% | 1.5 yr |
| AKAMAkamai Technologies, Inc | $6M | 3.5% | +42.7% | 0.3 yr |
| SNSharkNinja, Inc. | $6M | 3.4% | +27.0% | 1.5 yr |
| UUnity Software Inc. | $5M | 3.3% | +12.0% | 1.3 yr |
| XMTRXometry, Inc. | $5M | 3.0% | +63.9% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Application22.3%-16.6pp$37M
Internet Content & Information13.9%+7.7pp$23M
Unknown12.2%+6.5pp$20M
Hardware, Equipment & Parts7.1%$12M
Entertainment6.9%+3.5pp$12M
Auto - Dealerships4.9%-2.7pp$8M
Electrical Equipment & Parts4.7%$8M
Communication Equipment4.6%$8M
Financial - Capital Markets4.4%+2.4pp$7M
Software - Infrastructure3.5%+1.6pp$6M
Country
US78.9%+10.2pp
Unknown12.2%+6.5pp
LU6.6%
BR2.4%-5.3pp
Top 5: 48.0% · Top 10: 73.2% · Top 25: 100.0%
Top buys this quarter · 11
| — | +$0M |
| APP AppLovin Corporation | +$13M |
| AKAM Akamai Technologies, Inc.new | +$6M |
| TWST Twist Bioscience Corporationnew | +$5M |
| CVNA Carvana Co. | +$5M |
| DASH DoorDash, Inc. | +$5M |
| SPOT Spotify Technology S.A. | +$3M |
| SATS EchoStar Corporation | +$2M |
| XMTR Xometry, Inc. | +$2M |
| U Unity Software Inc. | +$5M |
Top sells this quarter · 15
| SPHR Sphere Entertainment Co. | −$14M |
| TALK Talkspace, Inc. | −$12M |
| TWLO Twilio Inc.exit | −$11M |
| BLND Blend Labs, Inc.exit | −$11M |
| BE Bloom Energy Corporation | −$6M |
| CPNG Coupang, Inc.exit | −$5M |
| TTMI TTM Technologies, Inc. | −$12M |
| NU Nu Holdings Ltd. | −$4M |
| RKT Rocket Companies, Inc.exit | −$4M |
| EVLV Evolv Technologies Holdings, Iexit | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $168M | 20 | +42.83% | +17.59% | +25.24% | -0.04B |
| 2025-12-31 | $227M | 26 | +46.39% | +17.72% | +28.67% | -0.06B |
| 2025-09-30 | $282M | 29 | +74.58% | +17.52% | +57.06% | +0.00B |
| 2025-06-30 | $225M | 30 | +62.15% | +14.94% | +47.21% | +0.03B |
| 2025-03-31 | $157M | 23 | +48.29% | +8.30% | +39.99% | -0.02B |
| 2024-12-31 | $189M | 30 | +84.84% | +24.89% | +59.95% | -0.04B |
| 2024-09-30 | $191M | 27 | +40.37% | +36.04% | +4.34% | -0.02B |
| 2024-06-30 | $182M | 31 | +84.16% | +24.49% | +59.67% | +0.00B |
| 2024-03-31 | $162M | 27 | +134.12% | +29.62% | +104.50% | +0.00B |
| 2023-12-31 | $135M | 25 | +115.16% | +26.18% | +88.98% | -0.00B |
| 2023-09-30 | $149M | 26 | +109.09% | +21.57% | +87.52% | -0.07B |
| 2023-06-30 | $142M | 25 | +30.75% | +19.42% | +11.33% | -0.04B |
| 2023-03-31 | $130M | 32 | -28.84% | -7.82% | -21.02% | +0.03B |
| 2022-12-31 | $91M | 22 | -9.66% | +7.56% | -17.22% | -0.00B |
| 2022-09-30 | $103M | 18 | -4.80% | -4.93% | +0.13% | +0.00B |
| 2022-06-30 | $108M | 20 | -23.56% | -16.11% | -7.45% | -0.01B |