Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.38%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.43%
baseline attrition
Rally response
-3.83%
trims into rallies
when a holding rises +10%+
Top positions · 22
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMZNAmazon.com, Inc. | $246M | 11.8% | +9.5% | 3.0 yr |
| NVDANVIDIA Corporation | $196M | 9.4% | +60.9% | 3.5 yr |
| STXSeagate Technology Holdi | $149M | 7.1% | +366.3% | 2.3 yr |
| MSFTMicrosoft Corporation | $148M | 7.1% | -0.6% | 3.5 yr |
| — | $143M | 6.9% | — | 1.5 yr |
| LITELumentum Holdings Inc. | $142M | 6.8% | +1027.3% | 1.5 yr |
| TSMTaiwan Semiconductor Man | $141M | 6.8% | +105.6% | 2.8 yr |
| SGISomnigroup International | $125M | 6.0% | +24.4% | 3.5 yr |
| UALUnited Airlines Holdings | $99M | 4.8% | +33.3% | 1.8 yr |
| METAMeta Platforms, Inc. | $84M | 4.0% | -0.4% | 3.3 yr |
| BAThe Boeing Company | $82M | 3.9% | +16.7% | 0.5 yr |
| AVGOBroadcom Inc. | $73M | 3.5% | +86.0% | 0.8 yr |
| NUNu Holdings Ltd. | $71M | 3.4% | +40.3% | 2.5 yr |
| CVNACarvana Co. | $70M | 3.4% | +50.4% | 1.8 yr |
| MDBMongoDB, Inc. | $66M | 3.2% | +39.5% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors19.7%+6.2pp$410M
Specialty Retail11.8%+0.8pp$246M
Software - Infrastructure10.3%-4.3pp$214M
Computer Hardware9.6%+4.9pp$200M
Internet Content & Information8.0%-2.7pp$166M
Unknown6.9%+0.5pp$143M
Communication Equipment6.8%+4.5pp$142M
Household & Personal Products6.0%+0.1pp$125M
Airlines, Airports & Air Services4.8%-1.0pp$99M
Aerospace & Defense3.9%+0.7pp$82M
Country
US72.6%-1.8pp
SG7.1%+5.3pp
Unknown6.9%+0.5pp
TW6.8%+0.7pp
BR3.4%+1.2pp
CN2.4%
CA0.8%
Top 5: 42.4% · Top 10: 70.8% · Top 25: 100.0%
Top buys this quarter · 15
| META Meta Platforms, Inc. | +$59M |
| GDS GDS Holdings Limitednew | +$50M |
| BA The Boeing Company | +$48M |
| AMZN Amazon.com, Inc. | +$45M |
| AVGO Broadcom Inc. | +$40M |
| NTRA Natera, Inc.new | +$30M |
| DASH DoorDash, Inc.new | +$30M |
| STX Seagate Technology Holdings pl | +$30M |
| HUT.TO Hut 8 Mining Corp.new | +$23M |
| NVDA NVIDIA Corporation | +$20M |
Top sells this quarter · 10
| ADSK Autodesk, Inc.exit | −$65M |
| SATS EchoStar Corporationexit | −$54M |
| SE Sea Limitedexit | −$29M |
| LITE Lumentum Holdings Inc. | −$84M |
| RKT Rocket Companies, Inc.exit | −$16M |
| NU Nu Holdings Ltd. | −$11M |
| MDB MongoDB, Inc. | −$7M |
| UAL United Airlines Holdings, Inc. | −$0M |
| — | −$0M |
| CYBR CyberArk Software Ltd.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.08B | 22 | +59.94% | +17.59% | +42.35% | +0.10B |
| 2025-12-31 | $2.09B | 22 | +49.51% | +17.72% | +31.79% | -0.49B |
| 2025-09-30 | $2.42B | 29 | +57.68% | +17.52% | +40.16% | +0.18B |
| 2025-06-30 | $1.92B | 24 | +40.65% | +14.94% | +25.70% | -0.07B |
| 2025-03-31 | $1.46B | 23 | +7.72% | +8.30% | -0.58% | +0.04B |
| 2024-12-31 | $1.61B | 26 | +43.17% | +24.89% | +18.29% | -0.10B |
| 2024-09-30 | $1.52B | 29 | +52.66% | +36.04% | +16.63% | +0.09B |
| 2024-06-30 | $1.37B | 24 | +39.77% | +24.49% | +15.28% | -0.05B |
| 2024-03-31 | $1.37B | 25 | +56.21% | +29.62% | +26.59% | -0.16B |
| 2023-12-31 | $1.30B | 25 | +59.45% | +26.18% | +33.27% | +0.06B |
| 2023-09-30 | $1.03B | 18 | -4.62% | -3.22% | -1.40% | +0.23B |
| 2023-06-30 | $840M | 15 | +15.99% | +8.68% | +7.31% | +0.13B |
| 2023-03-31 | $611M | 13 | +20.06% | +7.46% | +12.61% | +0.28B |
| 2022-12-31 | $276M | 13 | — | — | — | — |