Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.51%
trims when stocks drop
when a holding falls −10%+
Middle response
-15.84%
baseline attrition
Rally response
-25.17%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $30M | 4.5% | +60.9% | 1.5 yr |
| LITELumentum Holdings Inc. | $21M | 3.2% | +1027.3% | 1.5 yr |
| AVGOBroadcom Inc. | $12M | 1.7% | +86.0% | 0.8 yr |
| GLWCorning Incorporated | $8M | 1.2% | +201.5% | 0.8 yr |
| ASMLASML Holding N.V. | $7M | 1.1% | +100.9% | 0.3 yr |
| GOOGLAlphabet Inc. | $7M | 1.0% | — | 0.8 yr |
| RIGTransocean Ltd. | $7M | 1.0% | +109.1% | 0.8 yr |
| MUMicron Technology, Inc. | $6M | 0.9% | +289.6% | 1.3 yr |
| AEPAmerican Electric Power | $6M | 0.9% | +24.0% | 0.8 yr |
| PORPortland General Electri | $6M | 0.9% | +22.6% | 1.5 yr |
| ONTOOnto Innovation Inc. | $6M | 0.9% | +69.0% | 1.0 yr |
| MCHPMicrochip Technology Inc | $6M | 0.9% | +37.5% | 0.8 yr |
| VRTVertiv Holdings Co | $6M | 0.8% | +247.5% | 1.5 yr |
| XELXcel Energy Inc. | $6M | 0.8% | +15.8% | 1.5 yr |
| NXTNextpower Inc. | $5M | 0.8% | +186.1% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors14.0%+3.0pp$95M
Regulated Electric4.8%-7.2pp$32M
Chemicals - Specialty3.8%+0.4pp$25M
Industrial - Machinery3.6%+0.2pp$24M
Communication Equipment3.5%+1.1pp$24M
Hardware, Equipment & Parts3.0%+0.2pp$20M
Asset Management2.9%+0.9pp$20M
Software - Infrastructure2.4%+0.8pp$16M
Software - Application2.2%+0.3pp$15M
Electrical Equipment & Parts2.2%+1.0pp$15M
Country
US91.1%-0.2pp
CH1.1%+1.1pp
NL1.1%-0.1pp
Unknown1.0%-0.6pp
GB1.0%+0.1pp
CA0.9%+0.6pp
IE0.9%-1.0pp
IL0.7%+0.3pp
Top 5: 11.7% · Top 10: 16.4% · Top 25: 27.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| LITE | $7M | +0.07B | 1027.3% |
| NVDA | $10M | +0.01B | 60.9% |
| VRT | $2M | +0.01B | 247.5% |
| TSEM | $1M | +0.00B | 392.1% |
| NXT | $2M | +0.00B | 186.1% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SHW | $2M | -0.00B | -7.4% |
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$12M |
| AVGO Broadcom Inc. | +$11M |
| ASML ASML Holding N.V.new | +$7M |
| GLW Corning Incorporated | +$6M |
| NXT Nextpower Inc. | +$5M |
| SHW The Sherwin-Williams Company | +$4M |
| CRWV CoreWeave, Inc. Class A Common | +$4M |
| PAYP PayPay Corporationnew | +$4M |
| POR Portland General Electric Comp | +$3M |
| FPS Forgent Power Solutions, Inc.new | +$3M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$16M |
| LITE Lumentum Holdings Inc. | −$19M |
| FSLR First Solar, Inc. | −$11M |
| ETR Entergy Corporationexit | −$6M |
| NEE NextEra Energy, Inc.exit | −$6M |
| DTE DTE Energy Company | −$6M |
| AMD Advanced Micro Devices, Inc. | −$5M |
| AEE Ameren Corporation | −$5M |
| LYB LyondellBasell Industries N.V. | −$5M |
| AMAT Applied Materials, Inc. | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $675M | 733 | +36.69% | +17.59% | +19.09% | -0.14B |
| 2025-12-31 | $773M | 702 | +23.39% | +17.72% | +5.67% | -0.04B |
| 2025-09-30 | $753M | 701 | +11.15% | +8.12% | +3.02% | +0.07B |
| 2025-06-30 | $611M | 542 | +7.75% | +10.78% | -3.02% | +0.25B |
| 2025-03-31 | $331M | 469 | -4.35% | -4.27% | -0.08% | +0.03B |
| 2024-12-31 | $312M | 331 | — | — | — | — |