Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.26%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AVPTAvePoint, Inc. | $189M | 52.3% | -34.1% | 1.5 yr |
| TUYATuya Inc. | $172M | 47.7% | -20.1% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure100.0%+0.0pp$362M
Country
US52.3%+0.8pp
CN47.7%-0.8pp
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 | $362M | 2 | -28.79% | +17.59% | -46.38% | -0.00B |
| 2025-12-31 | $434M | 2 | -3.50% | +17.72% | -21.22% | -0.00B |
| 2025-09-30 | $483M | 2 | -11.52% | +8.12% | -19.64% | +0.05B |
| 2025-06-30 | $494M | 2 | +6.50% | +10.78% | -4.27% | -0.00B |
| 2025-03-31 | $467M | 2 | +13.93% | -4.27% | +18.20% | +0.00B |
| 2024-12-31 | $409M | 2 | — | — | — | — |