Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+19.62%
adds when stocks drop
when a holding falls −10%+
Middle response
+10.67%
steady accumulation
Rally response
-14.63%
trims into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EPAMEPAM Systems, Inc. | $123M | 35.8% | -19.8% | 1.3 yr |
| RDYDr. Reddy's Laboratories | $111M | 32.1% | +5.6% | 2.5 yr |
| HDBHDFC Bank Limited | $103M | 29.8% | -24.3% | 2.5 yr |
| INFYInfosys Limited | $8M | 2.3% | -23.8% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Information Technology Services38.1%+18.2pp$131M
Drug Manufacturers - Specialty & Generic32.1%+1.8pp$111M
Banks - Regional29.8%-20.0pp$103M
Country
IN64.2%-22.4pp
US35.8%+22.4pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 3
| EPAM EPAM Systems, Inc. | +$123M |
| RDY Dr. Reddy's Laboratories Limit | +$9M |
| INFY Infosys Limited | +$8M |
Top sells this quarter · 1
| HDB HDFC Bank Limited | −$15M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $345M | 4 | -14.34% | +17.59% | -31.93% | +0.02B |
| 2025-12-31 | $441M | 4 | +1.77% | +17.72% | -15.95% | +0.03B |
| 2025-09-30 | $357M | 4 | -9.61% | +17.52% | -27.13% | +0.06B |
| 2025-06-30 | $333M | 4 | +9.85% | +14.94% | -5.09% | +0.03B |
| 2025-03-31 | $270M | 4 | +7.08% | +8.30% | -1.23% | +0.06B |
| 2024-12-31 | $240M | 3 | +13.57% | +24.89% | -11.32% | +0.06B |
| 2024-09-30 | $180M | 3 | +9.38% | +5.75% | +3.63% | -0.20B |
| 2024-06-30 | $346M | 3 | +9.04% | +4.38% | +4.66% | +0.05B |
| 2024-03-31 | $273M | 3 | -5.91% | +10.39% | -16.30% | +0.06B |
| 2023-12-31 | $224M | 3 | — | — | — | — |