Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.97%
adds when stocks drop
when a holding falls −10%+
Middle response
+17.37%
steady accumulation
Rally response
-1.26%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LITELumentum Holdings Inc. | $743M | 8.8% | +1027.3% | 0.5 yr |
| CRWVCoreWeave, Inc. Class A | $642M | 7.6% | +108.9% | 0.8 yr |
| BEBloom Energy Corporation | $621M | 7.4% | +589.2% | 1.5 yr |
| YNDXYandex N.V. | $603M | 7.1% | — | 1.5 yr |
| VRTVertiv Holdings Co | $486M | 5.8% | +247.5% | 3.0 yr |
| CLSCelestica Inc. | $420M | 5.0% | +257.4% | 2.0 yr |
| STXSeagate Technology Holdi | $358M | 4.2% | +366.3% | 0.5 yr |
| WDCWestern Digital Corporat | $350M | 4.2% | +571.9% | 0.5 yr |
| COHRCoherent, Inc. | $306M | 3.6% | +266.8% | 2.8 yr |
| FIXComfort Systems USA, Inc | $295M | 3.5% | +329.0% | 0.8 yr |
| EQTEQT Corporation | $267M | 3.2% | +20.5% | 1.3 yr |
| — | $262M | 3.1% | — | 0.3 yr |
| FCXFreeport-McMoRan Inc. | $260M | 3.1% | +57.4% | 0.3 yr |
| AMATApplied Materials, Inc. | $250M | 3.0% | +137.6% | 3.3 yr |
| LRCXLam Research Corporation | $235M | 2.8% | +196.1% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.5%-7.0pp$1.30B
Electrical Equipment & Parts13.1%+0.4pp$1.11B
Hardware, Equipment & Parts9.4%+1.6pp$793M
Software - Infrastructure9.2%+9.1pp$774M
Communication Equipment8.8%+6.6pp$743M
Computer Hardware8.4%$709M
Financial - Capital Markets7.5%+4.6pp$633M
Internet Content & Information7.2%+3.9pp$608M
Engineering & Construction6.1%$513M
Oil & Gas Exploration & Production3.3%+3.3pp$276M
Country
US74.3%-16.2pp
CA7.2%+4.0pp
RU7.1%+3.9pp
SG4.7%
Unknown3.1%
AU1.9%
NL1.1%+1.1pp
IL0.6%-0.6pp
Top 5: 36.7% · Top 10: 57.1% · Top 25: 89.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MU | $131M | +0.38B | 289.6% |
| VRT | $124M | +0.31B | 247.5% |
| BE | $32M | +0.19B | 589.2% |
| CLS | $39M | +0.10B | 257.4% |
| COHR | $34M | +0.09B | 266.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| WDC Western Digital Corporation | +$344M |
| STX Seagate Technology Holdings pl | +$309M |
| FCX Freeport-McMoRan Inc.new | +$260M |
| CRWV CoreWeave, Inc. Class A Common | +$175M |
| BE Bloom Energy Corporation | +$150M |
| KLAC KLA Corporation | +$136M |
| NVDA NVIDIA Corporation | +$132M |
| AAOI Applied Optoelectronics, Inc.new | +$107M |
| WULF TeraWulf Inc. | +$97M |
| CLS Celestica Inc. | +$96M |
Top sells this quarter · 15
| GEV GE Vernova Inc. | −$198M |
| VST Vistra Corp.exit | −$108M |
| CEG Constellation Energy Corporatiexit | −$83M |
| LITE Lumentum Holdings Inc. | −$432M |
| AGX Argan, Inc.exit | −$70M |
| VRT Vertiv Holdings Co | −$352M |
| RIOT Riot Platforms, Inc. | −$55M |
| AVGO Broadcom Inc. | −$53M |
| TLN Talen Energy Corporation | −$28M |
| NRG NRG Energy, Inc.exit | −$20M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $8.44B | 53 | +169.80% | +17.59% | +152.21% | +2.45B |
| 2025-12-31 | $4.88B | 46 | +69.12% | +17.72% | +51.40% | +0.43B |
| 2025-09-30 | $4.28B | 41 | +90.97% | +17.52% | +73.46% | +1.35B |
| 2025-06-30 | $2.21B | 34 | +39.36% | +14.94% | +24.42% | +0.26B |
| 2025-03-31 | $1.23B | 32 | +3.39% | +8.30% | -4.91% | +0.95B |
| 2024-12-31 | $358M | 27 | +57.62% | +24.89% | +32.73% | -0.09B |
| 2024-09-30 | $384M | 20 | +65.92% | +36.04% | +29.88% | -0.06B |
| 2024-06-30 | $456M | 20 | +68.95% | +24.49% | +44.46% | -0.14B |
| 2024-03-31 | $507M | 19 | +58.47% | +29.62% | +28.85% | +0.04B |
| 2023-12-31 | $396M | 19 | +66.26% | +26.18% | +40.08% | +0.00B |
| 2023-09-30 | $317M | 19 | -1.34% | -3.22% | +1.88% | +0.00B |
| 2023-06-30 | $320M | 16 | +10.88% | +8.68% | +2.20% | +0.01B |
| 2023-03-31 | $282M | 19 | +23.14% | +7.46% | +15.68% | +0.01B |
| 2022-12-31 | $221M | 24 | — | — | — | — |