Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+13.24%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.78%
baseline attrition
Rally response
-7.65%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| RELYRemitly Global, Inc. | $24M | 21.5% | -24.7% | 2.3 yr |
| COFCapital One Financial Co | $13M | 11.5% | +3.1% | 1.3 yr |
| TIGOMillicom International C | $11M | 9.6% | +167.9% | 2.5 yr |
| AXPAmerican Express Company | $9M | 8.1% | +13.3% | 2.5 yr |
| SPTSprout Social, Inc. | $9M | 7.7% | -74.1% | 1.0 yr |
| LPROOpen Lending Corporation | $7M | 6.1% | -54.7% | 1.0 yr |
| GOOGLAlphabet Inc. | $5M | 4.9% | — | 2.5 yr |
| — | $5M | 4.1% | — | 0.8 yr |
| OPFIOppFi Inc. | $4M | 3.5% | -14.5% | 2.5 yr |
| GOGOGogo Inc. | $3M | 2.9% | -53.4% | 2.5 yr |
| GOOGAlphabet Inc. | $2M | 2.1% | +84.3% | 2.5 yr |
| PDDPDD Holdings Inc. | $2M | 2.0% | -13.7% | 0.3 yr |
| AMZNAmazon.com, Inc. | $2M | 1.5% | +9.5% | 1.0 yr |
| KKRKKR & Co. Inc. | $2M | 1.4% | -19.5% | 2.5 yr |
| FIFiserv, Inc. | $2M | 1.4% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Financial - Credit Services27.1%+13.3pp$30M
Software - Infrastructure23.0%+13.0pp$26M
Telecommunications Services13.7%-43.0pp$15M
Software - Application12.9%+8.4pp$14M
Internet Content & Information7.0%+1.0pp$8M
Unknown5.2%$6M
Specialty Retail3.5%$4M
Semiconductors2.2%$2M
Asset Management2.0%-1.8pp$2M
Information Technology Services1.4%$2M
Country
US82.5%-5.8pp
LU9.6%-1.8pp
Unknown5.2%
IE2.0%
CA0.7%+0.4pp
Top 5: 58.4% · Top 10: 79.8% · Top 25: 97.0%
Top buys this quarter · 15
| SPT Sprout Social, Inc. | +$5M |
| RELY Remitly Global, Inc. | +$4M |
| GOGO Gogo Inc. | +$3M |
| PDD PDD Holdings Inc.new | +$2M |
| MU Micron Technology, Inc.new | +$1M |
| FOUR Shift4 Payments, Inc.new | +$1M |
| COF Capital One Financial Corporat | +$13M |
| NVDA NVIDIA Corporationnew | +$1M |
| PYPL PayPal Holdings, Inc.new | +$1M |
| GPN Global Payments Inc.new | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $111M | 36 | -8.03% | +17.59% | -25.62% | +0.01B |
| 2025-12-31 | $108M | 25 | +3.95% | +17.72% | -13.77% | -0.03B |
| 2025-09-30 | $156M | 29 | +34.50% | +17.52% | +16.98% | +0.01B |
| 2025-06-30 | $157M | 23 | +47.98% | +14.94% | +33.04% | -0.01B |
| 2025-03-31 | $139M | 22 | +24.03% | +8.30% | +15.73% | +0.00B |
| 2024-12-31 | $133M | 21 | +25.64% | +24.89% | +0.75% | -0.00B |
| 2024-09-30 | $115M | 22 | +1.10% | +5.75% | -4.65% | -0.01B |
| 2024-06-30 | $120M | 25 | +3.17% | +4.38% | -1.21% | +0.02B |
| 2024-03-31 | $97M | 21 | +3.80% | +10.39% | -6.59% | +0.00B |
| 2023-12-31 | $91M | 27 | — | — | — | — |