Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+13.65%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.21%
steady accumulation
Rally response
-5.34%
trims into rallies
when a holding rises +10%+
Top positions · 9
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NCNOnCino, Inc. | $66M | 30.1% | -45.5% | 3.5 yr |
| MLABMesa Laboratories, Inc. | $36M | 16.3% | -24.9% | 0.5 yr |
| ALKTAlkami Technology, Inc. | $28M | 12.8% | -40.3% | 4.0 yr |
| — | $26M | 11.7% | — | 2.3 yr |
| TYLTyler Technologies, Inc. | $21M | 9.4% | -41.1% | 0.3 yr |
| IIIVi3 Verticals, Inc. | $18M | 8.3% | -9.4% | 2.0 yr |
| PCORProcore Technologies, In | $12M | 5.4% | -13.7% | 3.0 yr |
| TDGTransDigm Group Incorpor | $8M | 3.4% | -10.5% | 1.8 yr |
| VEEVVeeva Systems Inc. | $6M | 2.6% | -24.2% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Application57.7%-9.4pp$127M
Hardware, Equipment & Parts16.3%$36M
Unknown11.7%-1.5pp$26M
Software - Infrastructure8.3%-1.2pp$18M
Aerospace & Defense3.4%$8M
Medical - Healthcare Information Services2.6%$6M
Country
US88.3%+11.5pp
Unknown11.7%-1.5pp
Top 5: 80.2% · Top 10: 100.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $220M | 9 | -31.55% | +17.59% | -49.15% | +0.01B |
| 2025-12-31 | $292M | 7 | -21.03% | +17.72% | -38.75% | +0.04B |
| 2025-09-30 | $277M | 7 | -5.65% | +17.52% | -23.17% | -0.01B |
| 2025-06-30 | $295M | 6 | -0.05% | +14.94% | -14.99% | +0.03B |
| 2025-03-31 | $259M | 10 | -11.24% | +8.30% | -19.54% | -0.00B |
| 2024-12-31 | $309M | 11 | +10.93% | +24.89% | -13.95% | -0.03B |
| 2024-09-30 | $308M | 10 | +23.55% | +36.04% | -12.49% | +0.05B |
| 2024-06-30 | $252M | 10 | +21.06% | +24.49% | -3.43% | +0.08B |
| 2024-03-31 | $190M | 9 | +50.90% | +29.62% | +21.28% | -0.03B |
| 2023-12-31 | $212M | 9 | +63.51% | +26.18% | +37.33% | -0.03B |
| 2023-09-30 | $200M | 9 | +38.59% | +21.57% | +17.03% | -0.03B |
| 2023-06-30 | $227M | 20 | +30.77% | +19.42% | +11.35% | -0.04B |
| 2023-03-31 | $232M | 15 | +14.85% | +7.46% | +7.39% | -0.03B |
| 2022-12-31 | $230M | 13 | +3.11% | +7.56% | -4.45% | +0.04B |
| 2022-09-30 | $187M | 11 | -4.13% | -4.93% | +0.80% | +0.03B |
| 2022-06-30 | $165M | 8 | — | — | — | — |