Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-80.06%
trims when stocks drop
when a holding falls −10%+
Middle response
-72.61%
baseline attrition
Rally response
-63.13%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SGOViShares 0-3 Month Treasu | $39M | 17.5% | — | 1.3 yr |
| XLEState Street Energy Sele | $10M | 4.5% | — | 0.8 yr |
| MUMicron Technology, Inc. | $10M | 4.5% | +289.6% | 1.0 yr |
| TANInvesco Solar ETF | $10M | 4.4% | — | 0.5 yr |
| LRCXLam Research Corporation | $9M | 3.9% | +196.1% | 0.8 yr |
| JEPIJPMorgan Equity Premium | $8M | 3.6% | — | 0.8 yr |
| STXSeagate Technology Holdi | $8M | 3.5% | +366.3% | 1.0 yr |
| ESGUiShares ESG Aware MSCI U | $7M | 3.3% | — | 1.5 yr |
| VTIVanguard Total Stock Mar | $7M | 3.1% | — | 1.5 yr |
| USXFiShares ESG Advanced MSC | $5M | 2.3% | — | 1.5 yr |
| SCHDSchwab U.S. Dividend Equ | $5M | 2.2% | — | 1.5 yr |
| AUGOAura Minerals | $5M | 2.2% | — | 0.3 yr |
| AGROAdecoagro S.A. | $5M | 2.1% | +40.0% | 0.3 yr |
| ASMLASML Holding N.V. | $4M | 1.9% | +100.9% | 0.5 yr |
| PLABPhotronics, Inc. | $4M | 1.8% | +94.7% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management44.8%+19.0pp$99M
Asset Management - Bonds19.1%-32.5pp$42M
Semiconductors15.6%+15.5pp$34M
Computer Hardware4.5%$10M
Asset Management - Income3.7%+3.5pp$8M
Other Precious Metals2.2%$5M
Agricultural Farm Products2.1%$5M
Chemicals - Specialty1.8%$4M
Communication Equipment1.7%+1.7pp$4M
Software - Infrastructure1.5%-1.8pp$3M
Country
US92.3%-6.0pp
SG3.5%
LU2.1%
NL1.9%
Unknown0.1%+0.0pp
RU0.0%+0.0pp
CA0.0%+0.0pp
PE0.0%
Top 5: 34.9% · Top 10: 50.8% · Top 25: 77.3%
Top buys this quarter · 15
| AUGO Aura Mineralsnew | +$5M |
| AGRO Adecoagro S.A.new | +$5M |
| ASML ASML Holding N.V. | +$4M |
| PLAB Photronics, Inc.new | +$4M |
| ALB Albemarle Corporationnew | +$4M |
| MU Micron Technology, Inc. | +$4M |
| VIAV Viavi Solutions Inc.new | +$4M |
| IPGP IPG Photonics Corporationnew | +$4M |
| FORM FormFactor, Inc.new | +$4M |
| LRCX Lam Research Corporation | +$3M |
Top sells this quarter · 15
| INTC Intel Corporation | −$10M |
| WBD Warner Bros. Discovery, Inc. | −$7M |
| PRDO Perdoceo Education Corporation | −$5M |
| CVSA Covista Inc. | −$4M |
| LTH Life Time Group Holdings, Inc. | −$4M |
| AVGO Broadcom Inc. | −$4M |
| COCO The Vita Coco Company, Inc. | −$3M |
| WDC Western Digital Corporation | −$3M |
| BOOT Boot Barn Holdings, Inc. | −$3M |
| PLTR Palantir Technologies Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $220M | 281 | +58.79% | +17.59% | +41.20% | -0.00B |
| 2025-12-31 | $201M | 228 | +35.15% | +17.72% | +17.43% | +0.01B |
| 2025-09-30 | $181M | 215 | +19.74% | +8.12% | +11.62% | -0.03B |
| 2025-06-30 | $172M | 301 | +15.95% | +10.78% | +5.17% | -0.01B |
| 2025-03-31 | $160M | 208 | -5.70% | -4.27% | -1.43% | -0.00B |
| 2024-12-31 | $172M | 594 | — | — | — | — |