Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+17.45%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.26%
steady accumulation
Rally response
-3.12%
trims into rallies
when a holding rises +10%+
Top positions · 20
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| UNPUnion Pacific Corporatio | $71M | 6.8% | +5.1% | 1.8 yr |
| DDOGDatadog, Inc. | $70M | 6.8% | +19.0% | 1.3 yr |
| OWLBlue Owl Capital Inc. | $70M | 6.7% | -51.8% | 3.0 yr |
| CPNGCoupang, Inc. | $69M | 6.6% | -13.9% | 0.5 yr |
| AMZNAmazon.com, Inc. | $68M | 6.5% | +9.5% | 3.3 yr |
| MSFTMicrosoft Corporation | $67M | 6.4% | -0.6% | 4.5 yr |
| — | $61M | 5.9% | — | 0.5 yr |
| MRVLMarvell Technology, Inc. | $60M | 5.8% | +61.3% | 1.8 yr |
| TSMTaiwan Semiconductor Man | $60M | 5.8% | +105.6% | 0.5 yr |
| METAMeta Platforms, Inc. | $57M | 5.5% | -0.4% | 2.3 yr |
| MLMMartin Marietta Material | $56M | 5.4% | +23.8% | 1.0 yr |
| DASHDoorDash, Inc. | $55M | 5.3% | -17.8% | 1.8 yr |
| CVNACarvana Co. | $55M | 5.3% | +50.4% | 1.3 yr |
| MKTXMarketAxess Holdings Inc | $49M | 4.7% | -22.5% | 1.3 yr |
| ENTGEntegris, Inc. | $42M | 4.0% | +34.6% | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.6%-5.2pp$162M
Specialty Retail13.2%+6.5pp$137M
Asset Management12.4%+4.5pp$128M
Software - Application10.9%-1.5pp$113M
Internet Content & Information10.8%+6.4pp$112M
Railroads6.8%-2.7pp$71M
Software - Infrastructure6.4%-4.4pp$67M
Unknown5.9%$61M
Construction Materials5.4%$56M
Auto - Dealerships5.3%-1.3pp$55M
Country
US81.7%-6.8pp
KR6.6%
Unknown5.9%
TW5.8%
Top 5: 33.5% · Top 10: 62.9% · Top 25: 100.0%
Top buys this quarter · 14
| DASH DoorDash, Inc. | +$35M |
| MRVL Marvell Technology, Inc. | +$35M |
| ARES Ares Management Corporation | +$32M |
| TSM Taiwan Semiconductor Manufactu | +$32M |
| CPNG Coupang, Inc. | +$28M |
| DDOG Datadog, Inc. | +$27M |
| META Meta Platforms, Inc. | +$21M |
| CVNA Carvana Co. | +$17M |
| OWL Blue Owl Capital Inc. | +$70M |
| MSFT Microsoft Corporation | +$67M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.04B | 20 | +5.73% | +17.59% | -11.86% | +0.08B |
| 2025-12-31 | $1.06B | 19 | +6.65% | +17.72% | -11.07% | +0.04B |
| 2025-09-30 | $1.06B | 19 | +18.10% | +17.52% | +0.58% | +0.02B |
| 2025-06-30 | $1.00B | 18 | +21.64% | +14.94% | +6.70% | +0.18B |
| 2025-03-31 | $703M | 16 | +2.82% | +8.30% | -5.48% | +0.06B |
| 2024-12-31 | $705M | 20 | +25.31% | +24.89% | +0.42% | +0.23B |
| 2024-09-30 | $443M | 16 | +37.60% | +36.04% | +1.56% | +0.03B |
| 2024-06-30 | $380M | 17 | +24.93% | +24.49% | +0.44% | -0.02B |
| 2024-03-31 | $402M | 18 | +43.59% | +29.62% | +13.96% | +0.06B |
| 2023-12-31 | $314M | 18 | +40.33% | +26.18% | +14.15% | +0.00B |
| 2023-09-30 | $265M | 16 | +39.33% | +21.57% | +17.76% | +0.03B |
| 2023-06-30 | $243M | 17 | +34.38% | +19.42% | +14.95% | +0.04B |
| 2023-03-31 | $183M | 16 | +4.03% | -7.82% | +11.84% | +0.01B |
| 2022-12-31 | $164M | 17 | +16.36% | +7.56% | +8.80% | +0.01B |
| 2022-09-30 | $135M | 17 | -5.77% | -4.93% | -0.84% | +0.00B |
| 2022-06-30 | $141M | 15 | -12.10% | -16.11% | +4.01% | +0.02B |