Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-13.89%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.40%
baseline attrition
Rally response
+3.93%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $111M | 45.8% | +60.9% | 2.5 yr |
| AMDAdvanced Micro Devices, | $25M | 10.3% | +98.0% | 2.5 yr |
| MSFTMicrosoft Corporation | $8M | 3.5% | -0.6% | 2.5 yr |
| SPYState Street SPDR S&P 50 | $7M | 3.0% | +17.6% | 1.0 yr |
| QUALiShares MSCI USA Quality | $5M | 2.2% | — | 0.3 yr |
| IWFiShares Russell 1000 Gro | $5M | 2.0% | — | 1.5 yr |
| AMZNAmazon.com, Inc. | $4M | 1.8% | +9.5% | 2.5 yr |
| QCOMQUALCOMM Incorporated | $4M | 1.8% | -14.2% | 2.5 yr |
| MRVLMarvell Technology, Inc. | $4M | 1.7% | +61.3% | 2.5 yr |
| VOOVanguard S&P 500 ETF | $4M | 1.7% | — | 0.3 yr |
| DBEFXtrackers MSCI EAFE Hedg | $4M | 1.6% | — | 1.0 yr |
| AAPLApple Inc. | $3M | 1.3% | +14.7% | 2.5 yr |
| GOOGLAlphabet Inc. | $3M | 1.2% | — | 2.5 yr |
| IWDiShares Russell 1000 Val | $3M | 1.2% | — | 1.0 yr |
| BRK-BBerkshire Hathaway Inc. | $2M | 1.0% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors60.4%-1.0pp$146M
Asset Management19.5%+16.7pp$47M
Software - Infrastructure3.7%-2.6pp$9M
Specialty Retail2.0%-4.3pp$5M
Internet Content & Information2.0%+1.1pp$5M
Asset Management - Bonds2.0%-0.0pp$5M
Financial - Credit Services1.3%-1.2pp$3M
Consumer Electronics1.3%-0.0pp$3M
Software - Application1.1%-0.5pp$3M
Drug Manufacturers - General1.0%+0.1pp$2M
Country
US99.1%+4.7pp
TW0.5%
CN0.2%-5.3pp
CA0.1%-0.1pp
MX0.1%
Top 5: 64.8% · Top 10: 73.8% · Top 25: 87.1%
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$6M |
| MSFT Microsoft Corporation | +$8M |
| CX CEMEX, S.A.B. de C.V.new | +$0M |
| MRVL Marvell Technology, Inc. | +$0M |
| ORCL Oracle Corporation | +$0M |
| AMD Advanced Micro Devices, Inc. | +$25M |
| UBER Uber Technologies, Inc. | +$2M |
| META Meta Platforms, Inc. | +$1M |
| AMZN Amazon.com, Inc. | +$4M |
| AXP American Express Company | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $242M | 83 | +42.38% | +17.59% | +24.79% | +0.02B |
| 2025-12-31 | $233M | 77 | +34.26% | +17.72% | +16.54% | -0.00B |
| 2025-09-30 | $227M | 76 | +33.63% | +17.52% | +16.11% | +0.01B |
| 2025-06-30 | $192M | 76 | +14.90% | +14.94% | -0.05% | -0.03B |
| 2025-03-31 | $173M | 59 | -10.02% | +8.30% | -18.33% | -0.01B |
| 2024-12-31 | $204M | 61 | +18.45% | +24.89% | -6.44% | -0.01B |
| 2024-09-30 | $209M | 64 | -1.60% | +5.75% | -7.35% | +0.01B |
| 2024-06-30 | $206M | 60 | +1.80% | +4.38% | -2.58% | +0.02B |
| 2024-03-31 | $183M | 59 | +15.68% | +10.39% | +5.29% | +0.02B |
| 2023-12-31 | $143M | 60 | — | — | — | — |