Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.44%
adds when stocks drop
when a holding falls −10%+
Middle response
+6.79%
steady accumulation
Rally response
-19.60%
trims into rallies
when a holding rises +10%+
Top positions · 22
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CRDOCredo Technology Group H | $39M | 6.5% | +133.7% | 0.5 yr |
| ORCLOracle Corporation | $39M | 6.5% | +5.9% | 0.3 yr |
| OWLBlue Owl Capital Inc. | $38M | 6.4% | -51.8% | 1.3 yr |
| COHRCoherent, Inc. | $37M | 6.2% | +266.8% | 0.3 yr |
| LITELumentum Holdings Inc. | $37M | 6.2% | +1027.3% | 0.3 yr |
| ARESAres Management Corporat | $36M | 6.0% | -23.1% | 0.3 yr |
| AAPAdvance Auto Parts, Inc. | $36M | 6.0% | +37.1% | 2.5 yr |
| AMDAdvanced Micro Devices, | $35M | 5.8% | +98.0% | 0.8 yr |
| NVDANVIDIA Corporation | $33M | 5.5% | +60.9% | 1.0 yr |
| AVGOBroadcom Inc. | $33M | 5.5% | +86.0% | 0.5 yr |
| GPNGlobal Payments Inc. | $32M | 5.4% | -30.4% | 2.5 yr |
| FOXFFox Factory Holding Corp | $30M | 5.0% | -29.5% | 0.8 yr |
| ICFIICF International, Inc. | $30M | 4.9% | -22.8% | 1.0 yr |
| — | $21M | 3.4% | — | 0.3 yr |
| METAMeta Platforms, Inc. | $20M | 3.4% | -0.4% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors19.9%+17.4pp$119M
Asset Management15.8%$94M
Communication Equipment12.7%$76M
Software - Infrastructure9.8%+6.3pp$59M
Specialty Retail9.3%-2.6pp$56M
Hardware, Equipment & Parts6.2%$37M
Financial - Credit Services5.4%-2.2pp$32M
Auto - Parts5.0%$30M
Consulting Services4.9%$30M
Unknown3.4%$21M
Country
US96.6%+5.9pp
Unknown3.4%
Top 5: 31.8% · Top 10: 60.5% · Top 25: 100.0%
Top buys this quarter · 15
| ORCL Oracle Corporationnew | +$38M |
| COHR Coherent, Inc.new | +$37M |
| LITE Lumentum Holdings Inc.new | +$37M |
| ARES Ares Management Corporationnew | +$36M |
| OWL Blue Owl Capital Inc. | +$30M |
| KKR KKR & Co. Inc.new | +$20M |
| ALAB Astera Labs, Inc. Common Stocknew | +$19M |
| CRDO Credo Technology Group Holding | +$18M |
| HNGE Hinge Health, Inc.new | +$15M |
| FA First Advantage Corporationnew | +$7M |
Top sells this quarter · 15
| TER Teradyne, Inc.exit | −$56M |
| TDG TransDigm Group Incorporatedexit | −$32M |
| HON Honeywell International Inc.exit | −$30M |
| LIN Linde plcexit | −$30M |
| JAZZ Jazz Pharmaceuticals plcexit | −$20M |
| MNRO Monro, Inc.exit | −$15M |
| AAP Advance Auto Parts, Inc. | −$14M |
| AMZN Amazon.com, Inc. | −$13M |
| MSFT Microsoft Corporation | −$8M |
| USLM United States Lime & Minerals,exit | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $598M | 22 | +11.85% | +17.59% | -5.74% | +0.07B |
| 2025-12-31 | $562M | 23 | +9.96% | +17.72% | -7.75% | -0.05B |
| 2025-09-30 | $563M | 16 | +4.41% | +17.52% | -13.10% | +0.02B |
| 2025-06-30 | $513M | 13 | -10.65% | +14.94% | -25.59% | +0.09B |
| 2025-03-31 | $412M | 14 | -22.92% | +8.30% | -31.22% | +0.10B |
| 2024-12-31 | $342M | 10 | -9.24% | +24.89% | -34.12% | -0.04B |
| 2024-09-30 | $373M | 16 | -8.78% | +5.75% | -14.54% | +0.09B |
| 2024-06-30 | $310M | 17 | -11.59% | +4.38% | -15.97% | +0.09B |
| 2024-03-31 | $246M | 16 | +9.00% | +10.39% | -1.39% | +0.07B |
| 2023-12-31 | $165M | 18 | — | — | — | — |