Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+19.06%
adds when stocks drop
when a holding falls −10%+
Middle response
+18.54%
steady accumulation
Rally response
-11.76%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $20M | 65.0% | — | 2.5 yr |
| APIAgora, Inc. | $7M | 22.5% | -11.9% | 0.8 yr |
| PONYPony AI Inc. American De | $4M | 12.4% | +7.0% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Unknown65.0%+33.8pp$20M
Software - Application22.5%+2.0pp$7M
Rental & Leasing Services12.4%$4M
Country
Unknown65.0%+33.8pp
CN35.0%-33.8pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 0
No buys this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $31M | 3 | -8.49% | +17.59% | -26.08% | -0.03B |
| 2025-12-31 | $68M | 5 | +10.96% | +17.72% | -6.76% | -0.02B |
| 2025-09-30 | $104M | 5 | +59.46% | +17.52% | +41.94% | -0.02B |
| 2025-06-30 | $100M | 4 | +66.46% | +14.94% | +51.52% | +0.03B |
| 2025-03-31 | $67M | 3 | +97.19% | +8.30% | +88.88% | -0.08B |
| 2024-12-31 | $138M | 4 | +86.07% | +24.89% | +61.18% | -0.03B |
| 2024-09-30 | $140M | 4 | +51.76% | +36.04% | +15.73% | -0.03B |
| 2024-06-30 | $134M | 7 | +8.61% | +24.49% | -15.88% | -0.01B |
| 2024-03-31 | $125M | 4 | -18.93% | +29.62% | -48.55% | -0.01B |
| 2023-12-31 | $136M | 7 | -17.85% | +26.18% | -44.03% | +0.01B |
| 2023-09-30 | $122M | 5 | +15.32% | +21.57% | -6.25% | +0.00B |
| 2023-06-30 | $132M | 6 | +1.16% | +19.42% | -18.26% | -0.01B |
| 2023-03-31 | $158M | 6 | +43.55% | -7.82% | +51.37% | +0.01B |
| 2022-12-31 | $148M | 7 | +40.40% | +7.56% | +32.84% | +0.02B |
| 2022-09-30 | $91M | 3 | -19.35% | -4.93% | -14.42% | -0.00B |
| 2022-06-30 | $115M | 5 | +23.54% | -16.11% | +39.65% | +0.01B |