Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.94%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.74%
baseline attrition
Rally response
-25.77%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MSFTMicrosoft Corporation | $39M | 2.1% | -0.6% | 4.5 yr |
| GOOGLAlphabet Inc. | $37M | 2.0% | — | 4.5 yr |
| AMZNAmazon.com, Inc. | $37M | 2.0% | +9.5% | 4.5 yr |
| METAMeta Platforms, Inc. | $35M | 1.9% | -0.4% | 4.5 yr |
| TSMTaiwan Semiconductor Man | $28M | 1.5% | +105.6% | 2.8 yr |
| LLYEli Lilly and Company | $27M | 1.5% | +12.2% | 3.3 yr |
| NVDANVIDIA Corporation | $26M | 1.4% | +60.9% | 2.5 yr |
| VVisa Inc. | $24M | 1.3% | -13.1% | 4.5 yr |
| BRK-BBerkshire Hathaway Inc. | $24M | 1.3% | — | 4.3 yr |
| AAPLApple Inc. | $22M | 1.2% | +14.7% | 3.3 yr |
| AMATApplied Materials, Inc. | $22M | 1.2% | +137.6% | 1.3 yr |
| JPMJPMorgan Chase & Co. | $20M | 1.1% | +21.8% | 1.5 yr |
| AVGOBroadcom Inc. | $20M | 1.1% | +86.0% | 2.5 yr |
| APHAmphenol Corporation | $19M | 1.0% | +93.6% | 1.5 yr |
| AMDAdvanced Micro Devices, | $19M | 1.0% | +98.0% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors10.3%+5.1pp$190M
Biotechnology5.6%+1.3pp$104M
Internet Content & Information5.1%-0.1pp$95M
Software - Infrastructure4.2%-0.6pp$78M
Software - Application3.6%-1.3pp$66M
Specialty Retail3.2%-1.7pp$60M
Unknown2.7%-1.5pp$49M
Communication Equipment2.6%+1.4pp$48M
Financial - Credit Services2.3%-0.5pp$42M
Banks - Diversified2.2%+1.0pp$41M
Country
US82.2%+2.7pp
CA3.8%-0.2pp
Unknown2.7%-1.5pp
TW1.5%+0.2pp
GB1.5%-1.2pp
NL1.3%-0.7pp
IE1.0%+0.5pp
DE0.9%+0.3pp
Top 5: 9.5% · Top 10: 16.2% · Top 25: 29.4%
Top buys this quarter · 15
| MDB MongoDB, Inc. | +$15M |
| JPM JPMorgan Chase & Co. | +$14M |
| TKO TKO Group Holdings, Inc. | +$12M |
| LRCX Lam Research Corporation | +$9M |
| AMAT Applied Materials, Inc. | +$9M |
| ARHS Arhaus, Inc. | +$9M |
| FSLR First Solar, Inc. | +$8M |
| PG The Procter & Gamble Company | +$8M |
| AESI Atlas Energy Solutions Inc. | +$8M |
| ARGX argenx SE | +$8M |
Top sells this quarter · 15
| WMT Walmart Inc.exit | −$27M |
| NAT Nordic American Tankers Limiteexit | −$22M |
| NFLX Netflix, Inc. | −$20M |
| REGN Regeneron Pharmaceuticals, Inc | −$19M |
| TROX Tronox Holdings plcexit | −$17M |
| TXN Texas Instruments Incorporated | −$17M |
| TJX The TJX Companies, Inc. | −$17M |
| LITE Lumentum Holdings Inc. | −$15M |
| RCAT Red Cat Holdings, Inc.exit | −$14M |
| GE GE Aerospaceexit | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.85B | 626 | +30.27% | +17.59% | +12.68% | -0.18B |
| 2025-12-31 | $2.03B | 537 | +21.50% | +17.72% | +3.78% | -0.10B |
| 2025-09-30 | $2.02B | 542 | +18.15% | +17.52% | +0.63% | +0.06B |
| 2025-06-30 | $1.79B | 492 | +16.93% | +14.94% | +1.98% | +0.03B |
| 2025-03-31 | $1.56B | 464 | -0.57% | +8.30% | -8.87% | -0.00B |
| 2024-12-31 | $1.67B | 465 | +9.13% | +24.89% | -15.76% | +0.01B |
| 2024-09-30 | $1.62B | 440 | +22.69% | +36.04% | -13.34% | -0.12B |
| 2024-06-30 | $1.61B | 387 | +9.12% | +24.49% | -15.37% | +0.22B |
| 2024-03-31 | $1.45B | 372 | +21.21% | +29.62% | -8.41% | +0.61B |
| 2023-12-31 | $818M | 377 | +28.84% | +26.18% | +2.66% | -0.10B |
| 2023-09-30 | $799M | 412 | +21.70% | +21.57% | +0.13% | +0.03B |
| 2023-06-30 | $797M | 402 | +19.20% | +19.42% | -0.23% | +0.04B |
| 2023-03-31 | $707M | 380 | -7.17% | -7.82% | +0.65% | +0.05B |
| 2022-12-31 | $607M | 369 | +8.86% | +7.56% | +1.30% | +0.04B |
| 2022-09-30 | $518M | 386 | -5.91% | -4.93% | -0.99% | +0.08B |
| 2022-06-30 | $467M | 377 | -16.89% | -16.11% | -0.78% | +0.23B |