Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+12.16%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.18%
baseline attrition
Rally response
-9.08%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $10M | 7.6% | — | 2.8 yr |
| AEMAgnico Eagle Mines Limit | $9M | 7.3% | +89.2% | 4.3 yr |
| OROR Royalties Inc. | $7M | 5.8% | +80.9% | 1.0 yr |
| DLODLocal Limited | $7M | 5.4% | +63.1% | 2.0 yr |
| CDECoeur Mining, Inc. | $7M | 5.2% | +217.1% | 1.3 yr |
| SQBlock, Inc. | $6M | 5.0% | — | 4.5 yr |
| EVLVEvolv Technologies Holdi | $5M | 3.8% | +93.9% | 0.3 yr |
| AMZNAmazon.com, Inc. | $5M | 3.6% | +9.5% | 4.5 yr |
| CLPTClearPoint Neuro, Inc. | $4M | 3.5% | -23.5% | 3.0 yr |
| ESTCElastic N.V. | $4M | 3.4% | -43.9% | 0.3 yr |
| GTLBGitLab Inc. | $4M | 3.1% | -54.0% | 0.3 yr |
| NOWServiceNow, Inc. | $4M | 3.1% | -34.3% | 2.3 yr |
| ZMZoom Communications, Inc | $4M | 3.1% | +9.0% | 2.5 yr |
| WEAVWeave Communications, In | $4M | 3.0% | -58.3% | 1.0 yr |
| AMDAdvanced Micro Devices, | $4M | 3.0% | +98.0% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application19.1%+10.1pp$24M
Gold18.4%+4.0pp$23M
Software - Infrastructure12.6%-1.0pp$16M
Unknown8.7%-3.0pp$11M
Specialty Retail7.9%-0.0pp$10M
Medical - Devices7.1%-0.3pp$9M
Aerospace & Defense4.3%$5M
Asset Management3.8%+0.6pp$5M
Security & Protection Services3.8%$5M
Information Technology Services3.1%+1.7pp$4M
Country
US64.8%+2.2pp
CA15.3%+5.1pp
Unknown8.7%-3.0pp
UY7.2%-0.8pp
KR2.5%
AU1.5%
Top 5: 31.3% · Top 10: 50.7% · Top 25: 88.0%
Top buys this quarter · 15
| EVLV Evolv Technologies Holdings, Inew | +$5M |
| ESTC Elastic N.V.new | +$4M |
| GTLB GitLab Inc.new | +$4M |
| NOW ServiceNow, Inc. | +$3M |
| CPNG Coupang, Inc.new | +$3M |
| S SentinelOne, Inc.new | +$3M |
| DUOL Duolingo, Inc.new | +$2M |
| FLYW Flywire Corporation | +$2M |
| TEAM Atlassian Corporationnew | +$2M |
| WEAV Weave Communications, Inc. | +$4M |
Top sells this quarter · 11
| WTTR Select Water Solutions, Inc.exit | −$6M |
| BAH Booz Allen Hamilton Holding Coexit | −$3M |
| AEM Agnico Eagle Mines Limited | −$3M |
| OR OR Royalties Inc. | −$3M |
| VVV Valvoline Inc.exit | −$3M |
| CDE Coeur Mining, Inc. | −$1M |
| AMD Advanced Micro Devices, Inc. | −$0M |
| AAPL Apple Inc. | −$0M |
| ZM Zoom Communications, Inc. | −$0M |
| SLVP iShares MSCI Global Silver and | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $126M | 39 | +26.99% | +17.59% | +9.40% | +0.02B |
| 2025-12-31 | $110M | 34 | +29.95% | +17.72% | +12.23% | -0.00B |
| 2025-09-30 | $120M | 31 | +63.37% | +17.52% | +45.86% | -0.02B |
| 2025-06-30 | $107M | 32 | +37.95% | +14.94% | +23.01% | +0.01B |
| 2025-03-31 | $88M | 33 | +15.28% | +8.30% | +6.97% | -0.01B |
| 2024-12-31 | $101M | 31 | +26.22% | +24.89% | +1.34% | +0.01B |
| 2024-09-30 | $80M | 30 | +13.90% | +36.04% | -22.13% | -0.01B |
| 2024-06-30 | $84M | 32 | +7.60% | +24.49% | -16.89% | +0.00B |
| 2024-03-31 | $85M | 31 | +22.10% | +29.62% | -7.52% | +0.00B |
| 2023-12-31 | $80M | 30 | +36.24% | +26.18% | +10.06% | -0.01B |
| 2023-09-30 | $81M | 33 | +31.34% | +21.57% | +9.77% | +0.01B |
| 2023-06-30 | $70M | 32 | +17.04% | +19.42% | -2.38% | -0.02B |
| 2023-03-31 | $79M | 32 | -19.74% | -7.82% | -11.93% | -0.00B |
| 2022-12-31 | $69M | 34 | +2.02% | +7.56% | -5.54% | -0.00B |
| 2022-09-30 | $71M | 32 | -7.32% | -4.93% | -2.40% | +0.00B |
| 2022-06-30 | $75M | 32 | -26.40% | -16.11% | -10.29% | -0.01B |