Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-14.27%
trims when stocks drop
when a holding falls −10%+
Middle response
-16.47%
baseline attrition
Rally response
-16.18%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QQQInvesco QQQ Trust, Serie | $1M | 6.3% | — | 2.8 yr |
| KOMPState Street SPDR S&P Ke | $1M | 6.2% | — | 2.5 yr |
| RPVInvesco S&P 500 Pure Val | $1M | 5.8% | — | 2.5 yr |
| BIVVanguard Intermediate-Te | $1M | 5.0% | — | 2.8 yr |
| GLDSPDR Gold Shares | $1M | 4.1% | — | 1.8 yr |
| IEMGiShares Core MSCI Emergi | $1M | 4.0% | — | 2.8 yr |
| SPLBState Street SPDR Portfo | $1M | 3.8% | — | 2.0 yr |
| VIOGVanguard S&P Small-Cap 6 | $1M | 3.6% | — | 2.5 yr |
| IGSBiShares 1-5 Year Investm | $1M | 3.3% | — | 2.3 yr |
| FDLOFidelity Low Volatility | $0M | 2.1% | — | 1.0 yr |
| NVDANVIDIA Corporation | $0M | 1.9% | +60.9% | 2.8 yr |
| VWOBVanguard Emerging Market | $0M | 1.9% | — | 1.3 yr |
| VDCVanguard Consumer Staple | $0M | 1.9% | — | 1.0 yr |
| VDEVanguard Energy ETF | $0M | 1.8% | — | 1.8 yr |
| IYHiShares U.S. Healthcare | $0M | 1.8% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management46.7%+4.0pp$11M
Asset Management - Bonds16.2%-6.7pp$4M
Semiconductors4.5%+0.0pp$1M
Computer Hardware3.3%+1.6pp$1M
Software - Infrastructure3.1%-0.8pp$1M
Aerospace & Defense2.5%+0.8pp$1M
Software - Application2.1%-0.4pp$0M
Engineering & Construction2.0%+1.8pp$0M
Auto - Manufacturers1.5%+0.2pp$0M
Medical - Devices1.3%-0.5pp$0M
Country
US97.3%-2.3pp
CA1.1%+1.0pp
FR0.5%+0.5pp
CH0.3%
GB0.2%
Unknown0.2%-0.1pp
NO0.2%
BM0.1%
Top 5: 27.4% · Top 10: 44.1% · Top 25: 65.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVDA | $9M | +0.01B | 60.9% |
| PLTR | $4M | +0.00B | 73.3% |
| TSLA | $4M | +0.00B | 43.4% |
| AVGO | $2M | +0.00B | 86.0% |
| ANET | $2M | +0.00B | 58.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ISRG | $3M | -0.00B | -6.9% |
Top buys this quarter · 15
| VRT Vertiv Holdings Conew | +$0M |
| PWR Quanta Services, Inc.new | +$0M |
| FIX Comfort Systems USA, Inc.new | +$0M |
| APH Amphenol Corporationnew | +$0M |
| IBKR Interactive Brokers Group, Incnew | +$0M |
| S SentinelOne, Inc. | +$0M |
| MPWR Monolithic Power Systems, Inc.new | +$0M |
| IDXX IDEXX Laboratories, Inc. | +$0M |
| MEDP Medpace Holdings, Inc.new | +$0M |
| TWST Twist Bioscience Corporation | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $23M | 267 | +22.95% | +17.59% | +5.35% | -0.33B |
| 2025-12-31 | $391M | 634 | +24.72% | +17.72% | +7.00% | +0.01B |
| 2025-09-30 | $384M | 611 | +47.01% | +17.52% | +29.49% | +0.01B |
| 2025-06-30 | $337M | 126 | +36.13% | +14.94% | +21.19% | -0.02B |
| 2025-03-31 | $288M | 113 | +15.03% | +8.30% | +6.73% | +0.02B |
| 2024-12-31 | $296M | 110 | +31.35% | +24.89% | +6.47% | -0.03B |
| 2024-09-30 | $279M | 119 | +28.47% | +36.04% | -7.57% | +0.02B |
| 2024-06-30 | $252M | 119 | +4.30% | +4.38% | -0.08% | -0.02B |
| 2024-03-31 | $260M | 126 | +4.15% | +10.39% | -6.24% | +0.01B |
| 2023-12-31 | $235M | 150 | +13.61% | +11.64% | +1.97% | -0.01B |
| 2023-09-30 | $212M | 141 | — | — | — | — |