Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.78%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.98%
baseline attrition
Rally response
+1.74%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $81M | 6.1% | +60.9% | 4.5 yr |
| AAPLApple Inc. | $62M | 4.7% | +14.7% | 4.5 yr |
| MSFTMicrosoft Corporation | $50M | 3.8% | -0.6% | 4.5 yr |
| GOOGLAlphabet Inc. | $49M | 3.7% | — | 4.5 yr |
| AMZNAmazon.com, Inc. | $42M | 3.2% | +9.5% | 4.5 yr |
| IAUiShares Gold Trust | $35M | 2.6% | — | 4.3 yr |
| GLDSPDR Gold Shares | $33M | 2.5% | — | 4.5 yr |
| GLDMSPDR Gold MiniShares Tru | $32M | 2.5% | — | 2.8 yr |
| METAMeta Platforms, Inc. | $31M | 2.3% | -0.4% | 4.5 yr |
| AVGOBroadcom Inc. | $30M | 2.3% | +86.0% | 4.5 yr |
| TSLATesla, Inc. | $23M | 1.7% | +43.4% | 4.5 yr |
| AMGNAmgen Inc. | $22M | 1.7% | +16.5% | 3.8 yr |
| GILDGilead Sciences, Inc. | $22M | 1.7% | +27.7% | 3.8 yr |
| GOOGAlphabet Inc. | $20M | 1.5% | +84.3% | 3.8 yr |
| VRTXVertex Pharmaceuticals I | $20M | 1.5% | -7.9% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors18.3%+5.5pp$241M
Biotechnology13.1%+0.7pp$173M
Asset Management12.6%+8.3pp$167M
Internet Content & Information8.0%+0.8pp$106M
Software - Infrastructure6.4%-2.3pp$84M
Drug Manufacturers - General6.0%-0.2pp$79M
Consumer Electronics4.7%-2.0pp$62M
Specialty Retail4.1%-2.3pp$55M
Software - Application2.7%-4.2pp$36M
Discount Stores2.6%+0.9pp$35M
Country
US90.7%+1.9pp
GB1.9%+0.7pp
Unknown0.9%-0.8pp
NL0.9%+0.1pp
TW0.9%-0.0pp
CH0.8%+0.6pp
CA0.8%+0.3pp
CN0.7%-1.3pp
Top 5: 21.5% · Top 10: 33.7% · Top 25: 53.9%
Top buys this quarter · 15
| WMT Walmart Inc. | +$17M |
| AZN AstraZeneca PLCnew | +$5M |
| AMAT Applied Materials, Inc. | +$5M |
| KO The Coca-Cola Company | +$3M |
| WDC Western Digital Corporation | +$3M |
| IONS Ionis Pharmaceuticals, Inc. | +$3M |
| NVS Novartis AG | +$3M |
| PBR Petróleo Brasileiro S.A. - Penew | +$2M |
| RPRX Royalty Pharma plc | +$2M |
| INTC Intel Corporation | +$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.32B | 502 | +25.57% | +17.59% | +7.98% | +0.08B |
| 2025-12-31 | $1.30B | 493 | +22.79% | +17.72% | +5.07% | +0.04B |
| 2025-09-30 | $1.21B | 477 | +20.45% | +17.52% | +2.93% | +0.03B |
| 2025-06-30 | $1.06B | 477 | +10.68% | +14.94% | -4.26% | -0.16B |
| 2025-03-31 | $1.07B | 486 | +0.64% | +8.30% | -7.67% | +0.08B |
| 2024-12-31 | $1.07B | 496 | +15.37% | +24.89% | -9.51% | +0.14B |
| 2024-09-30 | $907M | 427 | +27.39% | +36.04% | -8.64% | +0.18B |
| 2024-06-30 | $709M | 412 | +16.98% | +24.49% | -7.51% | -0.10B |
| 2024-03-31 | $787M | 440 | +20.64% | +29.62% | -8.98% | +0.24B |
| 2023-12-31 | $514M | 425 | +28.83% | +26.18% | +2.65% | +0.12B |
| 2023-09-30 | $345M | 446 | +15.10% | +21.57% | -6.47% | +0.04B |
| 2023-06-30 | $324M | 452 | +17.09% | +19.42% | -2.33% | +0.01B |
| 2023-03-31 | $295M | 447 | -8.57% | -7.82% | -0.75% | +0.01B |
| 2022-12-31 | $249M | 391 | +0.93% | +7.56% | -6.63% | +0.01B |
| 2022-09-30 | $238M | 436 | -4.53% | -4.93% | +0.40% | +0.01B |
| 2022-06-30 | $238M | 93 | -16.80% | -16.11% | -0.69% | +0.00B |