Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.84%
trims when stocks drop
when a holding falls −10%+
Middle response
-14.88%
baseline attrition
Rally response
-19.71%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DLRDigital Realty Trust, In | $135M | 7.1% | +29.4% | 0.3 yr |
| LLYEli Lilly and Company | $133M | 7.0% | +12.2% | 0.3 yr |
| FANGDiamondback Energy, Inc. | $132M | 6.9% | +27.1% | 0.3 yr |
| MDLNMedline Inc. | $87M | 4.5% | — | 0.5 yr |
| SNDKSandisk Corporation | $79M | 4.2% | +1234.5% | 0.8 yr |
| NRGNRG Energy, Inc. | $66M | 3.4% | +55.0% | 0.3 yr |
| GFSGLOBALFOUNDRIES Inc. | $57M | 3.0% | +20.5% | 0.3 yr |
| CRWVCoreWeave, Inc. Class A | $54M | 2.8% | +108.9% | 1.3 yr |
| SNPSSynopsys, Inc. | $52M | 2.7% | -7.5% | 0.3 yr |
| FPSForgent Power Solutions, | $50M | 2.6% | — | 0.3 yr |
| SAROStandardAero, Inc. | $49M | 2.6% | -3.0% | 1.5 yr |
| HONHoneywell International | $44M | 2.3% | +9.0% | 0.3 yr |
| FIGRFigure Technology Soluti | $41M | 2.1% | — | 0.8 yr |
| AMKRAmkor Technology, Inc. | $36M | 1.9% | +152.4% | 0.3 yr |
| DOCNDigitalOcean Holdings, I | $33M | 1.7% | +156.9% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology8.1%$156M
Software - Infrastructure8.1%+4.8pp$155M
Oil & Gas Exploration & Production7.8%+7.6pp$149M
REIT - Specialty7.1%$135M
Drug Manufacturers - General7.0%$133M
Aerospace & Defense6.7%-3.8pp$128M
Semiconductors4.9%+4.2pp$93M
Unknown4.7%-1.8pp$89M
Medical - Instruments & Supplies4.6%+4.1pp$88M
Hardware, Equipment & Parts4.2%+3.4pp$79M
Country
US88.7%-2.6pp
Unknown4.7%-1.8pp
CN1.5%
CL1.4%
CH0.7%
CA0.7%-0.1pp
MX0.6%
RU0.5%-0.8pp
Top 5: 29.7% · Top 10: 44.2% · Top 25: 67.6%
Top buys this quarter · 15
| DLR Digital Realty Trust, Inc.new | +$135M |
| LLY Eli Lilly and Companynew | +$133M |
| FANG Diamondback Energy, Inc.new | +$132M |
| NRG NRG Energy, Inc.new | +$66M |
| GFS GLOBALFOUNDRIES Inc.new | +$57M |
| SNPS Synopsys, Inc.new | +$52M |
| FPS Forgent Power Solutions, Inc.new | +$50M |
| HON Honeywell International Inc.new | +$44M |
| MDLN Medline Inc. | +$44M |
| AMKR Amkor Technology, Inc.new | +$36M |
Top sells this quarter · 15
| SNDK Sandisk Corporation | −$429M |
| ITT ITT Inc.exit | −$67M |
| NDAQ Nasdaq, Inc.exit | −$42M |
| ROL Rollins, Inc.exit | −$39M |
| O Realty Income Corporationexit | −$37M |
| EL The Estée Lauder Companies Inexit | −$32M |
| SOFI SoFi Technologies, Inc.exit | −$32M |
| RPRX Royalty Pharma plcexit | −$24M |
| COHR Coherent, Inc.exit | −$24M |
| SN SharkNinja, Inc.exit | −$21M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.91B | 175 | +40.09% | +17.59% | +22.50% | +0.13B |
| 2025-12-31 | $1.45B | 153 | +16.50% | +17.72% | -1.21% | -0.24B |
| 2025-09-30 | $1.71B | 136 | +3.23% | +8.12% | -4.89% | +0.35B |
| 2025-06-30 | $1.32B | 89 | +11.58% | +10.78% | +0.81% | -0.18B |
| 2025-03-31 | $1.34B | 66 | +2.40% | -4.27% | +6.67% | +0.27B |
| 2024-12-31 | $1.05B | 38 | — | — | — | — |