Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+13.41%
adds when stocks drop
when a holding falls −10%+
Middle response
-8.57%
baseline attrition
Rally response
-14.27%
trims into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DASHDoorDash, Inc. | $42M | 12.3% | -17.8% | 1.8 yr |
| NUNu Holdings Ltd. | $42M | 12.3% | +40.3% | 1.3 yr |
| CPNGCoupang, Inc. | $41M | 11.9% | -13.9% | 1.8 yr |
| GOOGLAlphabet Inc. | $40M | 11.5% | — | 1.0 yr |
| UIUbiquiti Inc. | $36M | 10.4% | +156.2% | 1.0 yr |
| APPFAppFolio, Inc. | $32M | 9.4% | -28.2% | 5.0 yr |
| SPOTSpotify Technology S.A. | $26M | 7.7% | -11.8% | 2.3 yr |
| PINSPinterest, Inc. | $24M | 6.9% | -40.8% | 0.3 yr |
| YNDXYandex N.V. | $23M | 6.6% | — | 1.0 yr |
| ABNBAirbnb, Inc. | $21M | 6.0% | +5.7% | 0.3 yr |
| NFLXNetflix, Inc. | $17M | 5.0% | +3.1% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information45.0%+8.6pp$155M
Banks - Diversified12.3%+4.8pp$42M
Specialty Retail11.9%-21.9pp$41M
Communication Equipment10.4%$36M
Software - Application9.4%-7.9pp$32M
Travel Services6.0%$21M
Entertainment5.0%$17M
Country
US61.6%+14.4pp
BR12.3%+4.8pp
KR11.9%-5.3pp
LU7.7%-0.6pp
RU6.6%
Top 5: 58.4% · Top 10: 95.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $344M | 11 | +7.42% | +17.59% | -10.17% | -0.04B |
| 2025-12-31 | $449M | 10 | +30.78% | +17.72% | +13.06% | +0.02B |
| 2025-09-30 | $495M | 9 | +118.36% | +17.52% | +100.84% | +0.04B |
| 2025-06-30 | $395M | 9 | +111.83% | +14.94% | +96.89% | -0.00B |
| 2025-03-31 | $309M | 11 | +61.40% | +8.30% | +53.09% | +0.02B |
| 2024-12-31 | $279M | 11 | +82.73% | +24.89% | +57.84% | -0.07B |
| 2024-09-30 | $242M | 10 | +51.26% | +36.04% | +15.22% | +0.01B |
| 2024-06-30 | $212M | 9 | +34.70% | +24.49% | +10.20% | +0.01B |
| 2024-03-31 | $200M | 10 | +54.92% | +29.62% | +25.30% | +0.02B |
| 2023-12-31 | $154M | 9 | +72.45% | +26.18% | +46.27% | -0.01B |
| 2023-09-30 | $135M | 9 | +27.48% | +21.57% | +5.91% | +0.00B |
| 2023-06-30 | $135M | 8 | +50.92% | +19.42% | +31.49% | +0.01B |
| 2023-03-31 | $112M | 8 | -15.53% | -7.82% | -7.71% | -0.01B |
| 2022-12-31 | $93M | 7 | -11.94% | +7.56% | -19.51% | +0.00B |
| 2022-09-30 | $104M | 7 | +17.04% | -4.93% | +21.97% | -0.02B |
| 2022-06-30 | $104M | 6 | -36.66% | -16.11% | -20.55% | +0.02B |