Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-28.58%
trims when stocks drop
when a holding falls −10%+
Middle response
-22.72%
baseline attrition
Rally response
-20.02%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $73M | 10.3% | +60.9% | 2.5 yr |
| PDDPDD Holdings Inc. | $42M | 5.9% | -13.7% | 2.5 yr |
| LLYEli Lilly and Company | $40M | 5.6% | +12.2% | 1.8 yr |
| SNDKSandisk Corporation | $39M | 5.5% | +1234.5% | 1.3 yr |
| GLDSPDR Gold Shares | $33M | 4.6% | — | 1.8 yr |
| TSMTaiwan Semiconductor Man | $32M | 4.4% | +105.6% | 2.5 yr |
| ALNYAlnylam Pharmaceuticals, | $19M | 2.7% | +22.5% | 1.5 yr |
| VIPSVipshop Holdings Limited | $15M | 2.1% | -0.1% | 2.3 yr |
| GILGildan Activewear Inc. | $13M | 1.9% | +28.0% | 1.0 yr |
| XLEState Street Energy Sele | $13M | 1.9% | — | 2.0 yr |
| GOOGAlphabet Inc. | $13M | 1.8% | +84.3% | 2.3 yr |
| PANWPalo Alto Networks, Inc. | $12M | 1.6% | -6.0% | 1.0 yr |
| FUTUFutu Holdings Limited | $11M | 1.5% | +33.6% | 2.5 yr |
| AMZNAmazon.com, Inc. | $10M | 1.4% | +9.5% | 2.3 yr |
| GLWCorning Incorporated | $10M | 1.4% | +201.5% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors23.2%+8.6pp$166M
Asset Management15.0%-0.6pp$107M
Specialty Retail11.9%-0.1pp$85M
Hardware, Equipment & Parts8.0%+6.3pp$57M
Biotechnology6.3%+3.5pp$45M
Drug Manufacturers - General6.3%+5.5pp$45M
Internet Content & Information3.4%-1.3pp$24M
Software - Infrastructure2.8%+2.6pp$20M
Financial - Capital Markets2.7%+1.4pp$19M
Apparel - Manufacturers1.9%+1.4pp$13M
Country
US68.8%+12.7pp
CN7.3%-20.6pp
IE6.4%+3.1pp
TW5.8%+3.5pp
CA1.9%+1.2pp
BM1.7%+1.2pp
HK1.5%+0.2pp
SG1.5%-0.8pp
Top 5: 32.0% · Top 10: 44.9% · Top 25: 65.0%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$32M |
| PANW Palo Alto Networks, Inc. | +$10M |
| AMZN Amazon.com, Inc. | +$9M |
| GIL Gildan Activewear Inc. | +$9M |
| GLW Corning Incorporated | +$9M |
| ASX ASE Technology Holding Co., Lt | +$9M |
| IREN IREN Limited | +$8M |
| MOD Modine Manufacturing Companynew | +$8M |
| ALNY Alnylam Pharmaceuticals, Inc. | +$7M |
| AXTI AXT, Inc.new | +$7M |
Top sells this quarter · 15
| SMMT Summit Therapeutics Inc. | −$24M |
| MU Micron Technology, Inc. | −$7M |
| TER Teradyne, Inc. | −$17M |
| GOOG Alphabet Inc. | −$13M |
| GEV GE Vernova Inc. | −$12M |
| WDC Western Digital Corporation | −$11M |
| AVGO Broadcom Inc. | −$10M |
| FIX Comfort Systems USA, Inc. | −$10M |
| COHR Coherent, Inc. | −$8M |
| UNH UnitedHealth Group Incorporate | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $714M | 147 | +66.26% | +17.59% | +48.67% | +0.00B |
| 2025-12-31 | $643M | 126 | +45.80% | +17.72% | +28.08% | -0.12B |
| 2025-09-30 | $713M | 243 | +45.75% | +17.52% | +28.24% | -0.08B |
| 2025-06-30 | $638M | 147 | +27.55% | +14.94% | +12.61% | -0.01B |
| 2025-03-31 | $576M | 128 | +20.72% | +8.30% | +12.41% | +0.02B |
| 2024-12-31 | $571M | 167 | +33.84% | +24.89% | +8.96% | +0.11B |
| 2024-09-30 | $432M | 150 | +9.32% | +5.75% | +3.57% | -0.11B |
| 2024-06-30 | $493M | 155 | +7.01% | +4.38% | +2.63% | +0.07B |
| 2024-03-31 | $397M | 193 | +7.38% | +10.39% | -3.01% | +0.09B |
| 2023-12-31 | $286M | 111 | — | — | — | — |