Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+5.32%
steady accumulation
Rally response
-2.49%
trims into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPOTSpotify Technology S.A. | $485M | 83.4% | -11.8% | 3.3 yr |
| ZZillow Group, Inc. Class | $97M | 16.6% | -39.6% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information100.0%+11.0pp$582M
Country
LU83.4%+10.7pp
US16.6%-10.7pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $582M | 2 | -17.16% | +17.59% | -34.75% | +0.00B |
| 2025-12-31 | $740M | 2 | +19.58% | +17.72% | +1.86% | -0.11B |
| 2025-09-30 | $977M | 3 | +61.26% | +17.52% | +43.74% | +0.00B |
| 2025-06-30 | $1.05B | 3 | +112.74% | +14.94% | +97.80% | -0.23B |
| 2025-03-31 | $982M | 3 | +78.61% | +8.30% | +70.31% | -0.00B |
| 2024-12-31 | $865M | 3 | +127.14% | +24.89% | +102.25% | +0.00B |
| 2024-09-30 | $737M | 3 | +111.72% | +36.04% | +75.69% | +0.00B |
| 2024-06-30 | $602M | 3 | +66.58% | +24.49% | +42.09% | +0.12B |
| 2024-03-31 | $443M | 2 | +82.61% | +29.62% | +52.99% | +0.00B |
| 2023-12-31 | $307M | 2 | +9.39% | +11.64% | -2.25% | -0.00B |
| 2023-09-30 | $281M | 2 | -3.68% | -3.22% | -0.46% | +0.13B |
| 2023-06-30 | $153M | 1 | +20.15% | +8.68% | +11.47% | -0.00B |
| 2023-03-31 | $127M | 1 | — | — | — | — |