Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-18.68%
trims when stocks drop
when a holding falls −10%+
Middle response
+8.73%
steady accumulation
Rally response
+1.40%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MDLNMedline Inc. | $111M | 7.4% | — | 0.5 yr |
| LHXL3Harris Technologies, I | $95M | 6.3% | +67.7% | 0.3 yr |
| SATSEchoStar Corporation | $82M | 5.5% | +357.7% | 0.5 yr |
| TSLATesla, Inc. | $67M | 4.5% | +43.4% | 0.5 yr |
| FANGDiamondback Energy, Inc. | $59M | 4.0% | +27.1% | 0.5 yr |
| LRCXLam Research Corporation | $56M | 3.8% | +196.1% | 0.3 yr |
| AMATApplied Materials, Inc. | $51M | 3.4% | +137.6% | 0.5 yr |
| ITTITT Inc. | $48M | 3.2% | +48.7% | 0.5 yr |
| VNOMViper Energy, Inc. | $38M | 2.5% | — | 0.8 yr |
| LGNLegence Corp. Class A Co | $34M | 2.3% | — | 0.8 yr |
| SNDKSandisk Corporation | $32M | 2.1% | +1234.5% | 1.0 yr |
| MSFTMicrosoft Corporation | $26M | 1.8% | -0.6% | 1.0 yr |
| NRGNRG Energy, Inc. | $26M | 1.7% | +55.0% | 0.3 yr |
| BTSGBrightSpring Health Serv | $26M | 1.7% | +135.5% | 2.0 yr |
| GLXYGalaxy Digital | $23M | 1.5% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Aerospace & Defense12.7%+4.0pp$190M
Semiconductors8.7%$130M
Medical - Instruments & Supplies7.6%$113M
Oil & Gas Exploration & Production6.4%+5.8pp$96M
Communication Equipment6.3%$94M
Biotechnology5.6%$84M
Auto - Manufacturers4.5%$67M
Financial - Capital Markets4.4%+0.6pp$66M
Software - Infrastructure4.0%-3.1pp$60M
Unknown3.6%-4.8pp$54M
Country
US91.1%+3.7pp
Unknown3.6%-4.8pp
CA1.6%
MX0.8%
CL0.7%
KY0.5%
JP0.4%
FR0.4%
Top 5: 27.7% · Top 10: 42.8% · Top 25: 62.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ULS | $14M | +0.01B | 53.1% |
| NDAQ | $38M | +0.00B | 13.3% |
| KGS | $7M | +0.00B | 64.4% |
| BTSG | $3M | +0.00B | 135.5% |
| SARO | $17M | -0.00B | -3.0% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SARO | $17M | -0.00B | -3.0% |
Top buys this quarter · 15
| LHX L3Harris Technologies, Inc.new | +$95M |
| MDLN Medline Inc. | +$60M |
| SATS EchoStar Corporation | +$59M |
| LRCX Lam Research Corporationnew | +$56M |
| FANG Diamondback Energy, Inc. | +$53M |
| TSLA Tesla, Inc. | +$48M |
| AMAT Applied Materials, Inc. | +$31M |
| VNOM Viper Energy, Inc. | +$28M |
| NRG NRG Energy, Inc.new | +$26M |
| BTSG BrightSpring Health Services, | +$13M |
Top sells this quarter · 15
| SNDK Sandisk Corporation | −$95M |
| COHR Coherent, Inc.exit | −$48M |
| TMUS T-Mobile US, Inc.exit | −$42M |
| HON Honeywell International Inc.exit | −$36M |
| MDT Medtronic plcexit | −$35M |
| KRMN Karman Holdings Inc.exit | −$28M |
| SOFI SoFi Technologies, Inc.exit | −$24M |
| MSFT Microsoft Corporation | −$22M |
| AAPL Apple Inc.exit | −$22M |
| NDAQ Nasdaq, Inc. | −$21M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.50B | 167 | +21.63% | +17.59% | +4.04% | +0.12B |
| 2025-12-31 | $1.31B | 138 | +16.28% | +17.72% | -1.43% | +0.09B |
| 2025-09-30 | $1.23B | 99 | +25.55% | +17.52% | +8.04% | +0.35B |
| 2025-06-30 | $834M | 62 | +32.07% | +14.94% | +17.12% | +0.36B |
| 2025-03-31 | $428M | 41 | +23.16% | +8.30% | +14.86% | +0.21B |
| 2024-12-31 | $218M | 37 | +39.72% | +24.89% | +14.83% | -0.26B |
| 2024-09-30 | $449M | 65 | +40.43% | +36.04% | +4.40% | +0.20B |
| 2024-06-30 | $221M | 50 | +6.69% | +24.49% | -17.81% | +0.01B |
| 2024-03-31 | $204M | 44 | +6.21% | +29.62% | -23.41% | +0.09B |
| 2023-12-31 | $105M | 33 | -11.54% | +26.18% | -37.72% | +0.02B |
| 2023-09-30 | $75M | 27 | -18.71% | +21.57% | -40.28% | +0.03B |
| 2023-06-30 | $51M | 24 | -7.80% | +19.42% | -27.22% | +0.02B |
| 2023-03-31 | $35M | 17 | -14.16% | -7.82% | -6.34% | +0.02B |
| 2022-12-31 | $19M | 10 | -0.64% | +7.56% | -8.21% | -0.01B |
| 2022-09-30 | $29M | 20 | -3.76% | -4.93% | +1.17% | -0.01B |
| 2022-06-30 | $44M | 25 | -5.13% | -16.11% | +10.98% | -0.06B |