Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.41%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.40%
baseline attrition
Rally response
-1.92%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ESLTElbit Systems Ltd. | $459M | 18.2% | +122.6% | 3.0 yr |
| — | $365M | 14.5% | — | 2.8 yr |
| NVMINova Ltd. | $162M | 6.4% | +135.6% | 3.0 yr |
| TSEMTower Semiconductor Ltd. | $158M | 6.3% | +392.1% | 3.0 yr |
| CAMTCamtek Ltd. | $115M | 4.6% | +158.6% | 3.0 yr |
| ICLICL Group Ltd | $100M | 4.0% | -6.2% | 3.0 yr |
| ORAOrmat Technologies, Inc. | $98M | 3.9% | +58.9% | 3.5 yr |
| PANWPalo Alto Networks, Inc. | $90M | 3.6% | -6.0% | 3.5 yr |
| TSMTaiwan Semiconductor Man | $55M | 2.2% | +105.6% | 3.5 yr |
| SOXXiShares Semiconductor ET | $52M | 2.1% | — | 3.5 yr |
| TEVATeva Pharmaceutical Indu | $49M | 1.9% | +96.0% | 3.5 yr |
| — | $48M | 1.9% | — | 2.0 yr |
| ITRNIturan Location and Cont | $44M | 1.7% | +41.1% | 3.0 yr |
| QQQInvesco QQQ Trust, Serie | $39M | 1.5% | — | 3.3 yr |
| AMZNAmazon.com, Inc. | $32M | 1.3% | +9.5% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors22.3%+9.1pp$564M
Aerospace & Defense21.4%+2.5pp$540M
Unknown16.4%+7.4pp$414M
Asset Management8.4%+0.9pp$212M
Software - Infrastructure5.8%-2.4pp$147M
Renewable Utilities4.0%+0.6pp$102M
Agricultural Inputs4.0%-4.8pp$102M
Internet Content & Information2.7%-2.3pp$69M
Communication Equipment2.2%-0.5pp$54M
Drug Manufacturers - Specialty & Generic2.0%+1.7pp$50M
Country
IL48.6%+1.0pp
US31.7%-8.3pp
Unknown16.4%+7.4pp
TW2.2%+0.7pp
SG0.7%+0.1pp
NL0.2%+0.0pp
CA0.1%-0.0pp
CH0.1%-0.1pp
Top 5: 49.9% · Top 10: 65.5% · Top 25: 83.6%
Top buys this quarter · 15
| PANW Palo Alto Networks, Inc. | +$78M |
| LHX L3Harris Technologies, Inc. | +$29M |
| ORA Ormat Technologies, Inc. | +$27M |
| NVMI Nova Ltd. | +$22M |
| CAMT Camtek Ltd. | +$20M |
| KLAC KLA Corporation | +$18M |
| TSM Taiwan Semiconductor Manufactu | +$10M |
| SEDG SolarEdge Technologies, Inc. | +$7M |
| LMT Lockheed Martin Corporation | +$5M |
| GILT Gilat Satellite Networks Ltd. | +$5M |
Top sells this quarter · 15
| ZIM ZIM Integrated Shipping Servic | −$73M |
| ESLT Elbit Systems Ltd. | −$356M |
| TSEM Tower Semiconductor Ltd. | −$118M |
| MU Micron Technology, Inc. | −$6M |
| TATT TAT Technologies Ltd. | −$4M |
| AAPL Apple Inc. | −$3M |
| ODYS Odysight.ai Inc. | −$4M |
| CHKP Check Point Software Technologexit | −$2M |
| FTNT Fortinet, Inc. | −$2M |
| CLBT Cellebrite DI Ltd. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.52B | 387 | +71.88% | +17.59% | +54.29% | +0.08B |
| 2025-12-31 | $2.06B | 390 | +46.53% | +17.72% | +28.81% | +0.17B |
| 2025-09-30 | $1.75B | 400 | +51.40% | +17.52% | +33.88% | +0.16B |
| 2025-06-30 | $1.43B | 403 | +35.27% | +14.94% | +20.32% | +0.08B |
| 2025-03-31 | $1.12B | 417 | +12.43% | +8.30% | +4.13% | -0.01B |
| 2024-12-31 | $1.11B | 402 | +22.77% | +24.89% | -2.12% | +0.04B |
| 2024-09-30 | $955M | 386 | +18.52% | +36.04% | -17.52% | -0.02B |
| 2024-06-30 | $980M | 397 | +14.77% | +24.49% | -9.72% | +0.42B |
| 2024-03-31 | $564M | 329 | +22.88% | +29.62% | -6.75% | -0.01B |
| 2023-12-31 | $520M | 345 | +19.82% | +26.18% | -6.35% | -0.04B |
| 2023-09-30 | $520M | 335 | -4.04% | -3.22% | -0.82% | +0.11B |
| 2023-06-30 | $426M | 326 | +6.99% | +8.68% | -1.70% | -0.05B |
| 2023-03-31 | $444M | 353 | +8.04% | +7.46% | +0.58% | +0.01B |
| 2022-12-31 | $402M | 405 | — | — | — | — |