Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.70%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.92%
steady accumulation
Rally response
+6.23%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SUBiShares Short-Term Natio | $35M | 5.8% | — | 4.5 yr |
| COINCoinbase Global, Inc. | $35M | 5.8% | +1.4% | 4.5 yr |
| AAPLApple Inc. | $19M | 3.2% | +14.7% | 4.5 yr |
| NVDANVIDIA Corporation | $18M | 3.0% | +60.9% | 4.5 yr |
| MSFTMicrosoft Corporation | $12M | 1.9% | -0.6% | 4.5 yr |
| GOOGAlphabet Inc. | $11M | 1.8% | +84.3% | 4.5 yr |
| PLTRPalantir Technologies In | $11M | 1.8% | +73.3% | 4.5 yr |
| CLSCelestica Inc. | $9M | 1.6% | +257.4% | 2.0 yr |
| TSMTaiwan Semiconductor Man | $9M | 1.5% | +105.6% | 4.5 yr |
| SPTSState Street SPDR Portfo | $8M | 1.4% | — | 4.5 yr |
| METAMeta Platforms, Inc. | $8M | 1.3% | -0.4% | 4.5 yr |
| GOOGLAlphabet Inc. | $8M | 1.3% | — | 4.5 yr |
| GLOFiShares Global Equity Fa | $8M | 1.3% | — | 4.5 yr |
| AMZNAmazon.com, Inc. | $8M | 1.3% | +9.5% | 4.5 yr |
| MEARiShares Short Maturity M | $7M | 1.1% | — | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management10.4%+1.7pp$63M
Semiconductors9.0%+3.5pp$55M
Asset Management - Bonds7.7%-3.5pp$47M
Financial - Data & Stock Exchanges5.8%-9.1pp$35M
Software - Infrastructure5.2%+0.2pp$32M
Internet Content & Information4.8%+0.5pp$29M
Telecommunications Services3.7%-0.2pp$23M
Drug Manufacturers - General3.3%+0.6pp$20M
Consumer Electronics3.2%-0.3pp$19M
Banks - Regional2.3%+1.5pp$14M
Country
US78.4%+0.3pp
CA4.1%+0.6pp
KR2.5%-0.3pp
TW2.0%+0.5pp
GB1.5%+0.2pp
IL1.4%-0.1pp
ES0.9%+0.0pp
Unknown0.9%+0.4pp
Top 5: 19.7% · Top 10: 27.7% · Top 25: 41.2%
Top buys this quarter · 15
| AAPL Apple Inc. | +$2M |
| NVDA NVIDIA Corporation | +$2M |
| JNJ Johnson & Johnson | +$1M |
| ADBE Adobe Inc. | +$1M |
| AIG American International Group, new | +$1M |
| TSM Taiwan Semiconductor Manufactu | +$1M |
| CVX Chevron Corporationnew | +$1M |
| AVGO Broadcom Inc. | +$1M |
| ASML ASML Holding N.V. | +$1M |
| INGR Ingredion Incorporatednew | +$1M |
Top sells this quarter · 15
| COIN Coinbase Global, Inc. | −$11M |
| GOOG Alphabet Inc. | −$2M |
| ISRG Intuitive Surgical, Inc. | −$1M |
| CLS Celestica Inc. | −$1M |
| ABNB Airbnb, Inc.exit | −$1M |
| UNH UnitedHealth Group Incorporate | −$1M |
| SPY State Street SPDR S&P 500 ETF | −$1M |
| UI Ubiquiti Inc. | −$2M |
| TLK Perusahaan Perseroan (Persero) | −$0M |
| TGNA TEGNA Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $607M | 619 | +29.51% | +17.59% | +11.92% | +0.05B |
| 2025-12-31 | $583M | 531 | +20.00% | +17.72% | +2.28% | +0.06B |
| 2025-09-30 | $548M | 439 | +37.71% | +17.52% | +20.19% | +0.03B |
| 2025-06-30 | $484M | 363 | +26.17% | +14.94% | +11.23% | -0.01B |
| 2025-03-31 | $380M | 317 | -7.62% | +8.30% | -15.93% | +0.03B |
| 2024-12-31 | $399M | 306 | +26.33% | +24.89% | +1.44% | -0.01B |
| 2024-09-30 | $369M | 309 | +51.21% | +36.04% | +15.17% | +0.02B |
| 2024-06-30 | $356M | 300 | +53.40% | +24.49% | +28.91% | +0.02B |
| 2024-03-31 | $352M | 296 | +73.60% | +29.62% | +43.97% | +0.04B |
| 2023-12-31 | $260M | 250 | +76.65% | +26.18% | +50.48% | -0.01B |
| 2023-09-30 | $204M | 228 | +25.61% | +21.57% | +4.04% | +0.00B |
| 2023-06-30 | $201M | 238 | +23.22% | +19.42% | +3.80% | +0.01B |
| 2023-03-31 | $180M | 222 | -26.78% | -7.82% | -18.96% | -0.01B |
| 2022-12-31 | $153M | 219 | -43.32% | -18.17% | -25.15% | +0.01B |
| 2022-09-30 | $150M | 207 | -2.04% | -4.93% | +2.89% | +0.03B |
| 2022-06-30 | $124M | 194 | -35.31% | -16.11% | -19.20% | +0.02B |