Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.09%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.39%
baseline attrition
Rally response
-8.07%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| COINCoinbase Global, Inc. | $257M | 21.4% | +1.4% | 2.0 yr |
| NUNu Holdings Ltd. | $199M | 16.6% | +40.3% | 2.0 yr |
| IOTSamsara Inc. | $190M | 15.8% | -17.3% | 1.5 yr |
| XHLFBondBloxx Bloomberg Six | $70M | 5.8% | — | 2.3 yr |
| AVGOBroadcom Inc. | $44M | 3.7% | +86.0% | 0.8 yr |
| VOOVanguard S&P 500 ETF | $41M | 3.4% | — | 0.5 yr |
| ABNBAirbnb, Inc. | $38M | 3.1% | +5.7% | 2.3 yr |
| AXPAmerican Express Company | $35M | 2.9% | +13.3% | 0.8 yr |
| HOODRobinhood Markets, Inc. | $34M | 2.9% | +66.5% | 1.8 yr |
| AGGiShares Core U.S. Aggreg | $32M | 2.7% | — | 0.3 yr |
| METAMeta Platforms, Inc. | $32M | 2.6% | -0.4% | 2.3 yr |
| IVViShares Core S&P 500 ETF | $30M | 2.5% | — | 1.3 yr |
| OKTAOkta, Inc. | $26M | 2.2% | -25.2% | 2.5 yr |
| VEAVanguard FTSE Developed | $24M | 2.0% | — | 0.8 yr |
| VTIVanguard Total Stock Mar | $14M | 1.2% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Financial - Data & Stock Exchanges21.4%-13.0pp$257M
Software - Infrastructure19.2%+9.7pp$231M
Banks - Diversified16.9%-3.4pp$203M
Asset Management13.3%+4.8pp$159M
Asset Management - Bonds5.9%-2.9pp$70M
Semiconductors4.6%$55M
Internet Content & Information3.4%+2.5pp$41M
Travel Services3.1%-4.9pp$38M
Financial - Credit Services3.0%$37M
Financial - Capital Markets3.0%$36M
Country
US82.9%+10.0pp
BR16.6%-3.8pp
IE0.1%
GB0.1%
JP0.1%
NL0.1%
CH0.1%
SG0.0%-0.0pp
Top 5: 63.3% · Top 10: 78.3% · Top 25: 94.3%
Top buys this quarter · 15
| IOT Samsara Inc. | +$137M |
| AXP American Express Company | +$35M |
| COIN Coinbase Global, Inc. | +$257M |
| NU Nu Holdings Ltd. | +$199M |
| OMDA Omada Health | +$2M |
| AZN AstraZeneca PLCnew | +$0M |
| SNDK Sandisk Corporationnew | +$0M |
| TPL Texas Pacific Land Corporationnew | +$0M |
| NOW ServiceNow, Inc. | +$0M |
| OKE ONEOK, Inc.new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.20B | 142 | +13.40% | +17.59% | -4.19% | +0.15B |
| 2025-12-31 | $1.26B | 143 | +13.03% | +17.72% | -4.69% | +0.24B |
| 2025-09-30 | $1.25B | 133 | +41.57% | +17.52% | +24.05% | -0.01B |
| 2025-06-30 | $1.21B | 46 | +27.05% | +14.94% | +12.11% | -0.07B |
| 2025-03-31 | $802M | 44 | -28.95% | +8.30% | -37.25% | +0.08B |
| 2024-12-31 | $861M | 44 | +12.11% | +24.89% | -12.78% | +0.03B |
| 2024-09-30 | $812M | 41 | -6.54% | +5.75% | -12.29% | -0.06B |
| 2024-06-30 | $935M | 42 | -11.02% | +4.38% | -15.39% | -0.02B |
| 2024-03-31 | $1.07B | 39 | +31.70% | +10.39% | +21.31% | +0.29B |
| 2023-12-31 | $591M | 38 | — | — | — | — |