Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+15.87%
adds when stocks drop
when a holding falls −10%+
Middle response
-7.45%
baseline attrition
Rally response
-25.84%
trims into rallies
when a holding rises +10%+
Top positions · 17
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $115M | 49.2% | — | 2.0 yr |
| GOOGAlphabet Inc. | $72M | 30.7% | +84.3% | 1.8 yr |
| WIXWix.com Ltd. | $20M | 8.7% | -44.9% | 0.5 yr |
| ORCLOracle Corporation | $15M | 6.3% | +5.9% | 0.3 yr |
| SOXLDirexion Daily Semicondu | $6M | 2.7% | — | 0.5 yr |
| VLCNVolcon, Inc. | $1M | 0.5% | — | 0.8 yr |
| TQQQProShares - UltraPro QQQ | $1M | 0.4% | — | 0.5 yr |
| ACLXArcellx, Inc. | $1M | 0.4% | — | 0.5 yr |
| CNTACentessa Pharmaceuticals | $1M | 0.3% | +176.2% | 0.3 yr |
| CMCCommercial Metals Compan | $1M | 0.3% | +34.2% | 0.3 yr |
| PLRXPliant Therapeutics, Inc | $0M | 0.2% | -6.7% | 0.8 yr |
| — | $0M | 0.2% | — | 0.5 yr |
| VZVerizon Communications I | $0M | 0.1% | +16.5% | 0.3 yr |
| CCLCarnival Corporation & p | $0M | 0.1% | +33.1% | 0.3 yr |
| TECLDirexion Daily Technolog | $0M | 0.0% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information79.9%+39.6pp$187M
Software - Infrastructure15.0%$35M
Asset Management3.1%-10.4pp$7M
Biotechnology0.9%$2M
Auto - Manufacturers0.5%$1M
Steel0.3%$1M
Unknown0.2%+0.2pp$0M
Telecommunications Services0.1%$0M
Leisure0.1%$0M
Asset Management - Leveraged0.0%$0M
Country
US90.8%-9.2pp
IL8.7%
GB0.3%
Unknown0.2%+0.2pp
Top 5: 97.5% · Top 10: 99.4% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GOOG | $16M | +0.01B | 84.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 14
| WIX Wix.com Ltd. | +$17M |
| ORCL Oracle Corporationnew | +$15M |
| CNTA Centessa Pharmaceuticals plcnew | +$1M |
| CMC Commercial Metals Companynew | +$1M |
| VZ Verizon Communications Inc.new | +$0M |
| CCL Carnival Corporation & plcnew | +$0M |
| PLRX Pliant Therapeutics, Inc. | +$0M |
| GOOGL Alphabet Inc. | +$0M |
| ACLX Arcellx, Inc. | +$0M |
| TECL Direxion Daily Technology Bullnew | +$0M |
Top sells this quarter · 15
| GOOG Alphabet Inc. | −$70M |
| BLK BlackRock, Inc.exit | −$2M |
| SBET Sharplink, Inc.exit | −$1M |
| IREN IREN Limitedexit | −$1M |
| PSKY Paramount Skydance Corporationexit | −$1M |
| BBIO BridgeBio Pharma, Inc.exit | −$0M |
| WULF TeraWulf Inc.exit | −$0M |
| VLCN Volcon, Inc. | −$0M |
| PSIL AdvisorShares Psychedelics ETFexit | −$0M |
| SILJ Amplify Junior Silver Miners Eexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $234M | 17 | +78.18% | +17.59% | +60.58% | +0.11B |
| 2025-12-31 | $110M | 25 | +48.50% | +17.72% | +30.79% | -0.16B |
| 2025-09-30 | $239M | 22 | +42.76% | +17.52% | +25.24% | +0.11B |
| 2025-06-30 | $97M | 12 | +10.98% | +14.94% | -3.96% | -0.01B |
| 2025-03-31 | $97M | 18 | +5.59% | +8.30% | -2.72% | -0.37B |
| 2024-12-31 | $506M | 41 | +21.78% | +24.89% | -3.10% | +0.42B |
| 2024-09-30 | $77M | 50 | +0.20% | +5.75% | -5.56% | -0.87B |
| 2024-06-30 | $947M | 50 | +7.71% | +4.38% | +3.33% | +0.45B |
| 2024-03-31 | $465M | 59 | +6.04% | +10.39% | -4.35% | +0.36B |
| 2023-12-31 | $97M | 53 | — | — | — | — |