Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.74%
trims when stocks drop
when a holding falls −10%+
Middle response
-16.52%
baseline attrition
Rally response
-1.17%
trims into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $473M | 46.0% | — | 0.8 yr |
| STNEStoneCo Ltd. | $358M | 34.8% | +34.7% | 3.5 yr |
| VTVanguard Total World Sto | $104M | 10.1% | — | 3.5 yr |
| QXOQXO, Inc. | $82M | 8.0% | +43.4% | 1.8 yr |
| FIGFigma, Inc. | $11M | 1.1% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Unknown46.0%$473M
Software - Infrastructure34.8%-9.7pp$358M
Asset Management10.1%-14.4pp$104M
Industrial - Distribution8.0%-16.8pp$82M
Software - Application1.1%$11M
Country
Unknown46.0%
KY34.8%-9.7pp
US19.2%-36.3pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| VT Vanguard Total World Stock ETF | +$0M |
Top sells this quarter · 1
| QXO QXO, Inc. | −$17M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.03B | 5 | +29.69% | +17.59% | +12.10% | -0.51B |
| 2025-12-31 | $1.62B | 5 | +42.68% | +17.72% | +24.96% | -0.10B |
| 2025-09-30 | $2.03B | 6 | +43.21% | +17.52% | +25.69% | +1.26B |
| 2025-06-30 | $720M | 5 | -23.22% | +14.94% | -38.16% | -0.18B |
| 2025-03-31 | $597M | 6 | -65.63% | +8.30% | -73.93% | +0.05B |
| 2024-12-31 | $525M | 6 | -74.44% | +24.89% | -99.33% | -0.01B |
| 2024-09-30 | $626M | 6 | -55.45% | +36.04% | -91.49% | +0.30B |
| 2024-06-30 | $570M | 6 | -40.89% | +24.49% | -65.38% | +0.08B |
| 2024-03-31 | $730M | 6 | +6.35% | +29.62% | -23.27% | +0.11B |
| 2023-12-31 | $803M | 6 | +57.52% | +26.18% | +31.34% | +0.12B |
| 2023-09-30 | $465M | 8 | -23.89% | -3.22% | -20.67% | +0.03B |
| 2023-06-30 | $573M | 7 | +21.88% | +8.68% | +13.20% | -0.09B |
| 2023-03-31 | $543M | 7 | +15.00% | +7.46% | +7.55% | -0.05B |
| 2022-12-31 | $519M | 7 | — | — | — | — |