Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.72%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.48%
baseline attrition
Rally response
-4.36%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $308M | 8.2% | +60.9% | 18.8 yr |
| MSFTMicrosoft Corporation | $272M | 7.2% | -0.6% | 19.3 yr |
| GOOGLAlphabet Inc. | $218M | 5.8% | — | 10.5 yr |
| AAPLApple Inc. | $216M | 5.7% | +14.7% | 19.3 yr |
| AMZNAmazon.com, Inc. | $177M | 4.7% | +9.5% | 19.0 yr |
| AVGOBroadcom Inc. | $159M | 4.2% | +86.0% | 5.0 yr |
| JPMJPMorgan Chase & Co. | $81M | 2.1% | +21.8% | 19.3 yr |
| VVisa Inc. | $74M | 1.9% | -13.1% | 17.8 yr |
| METAMeta Platforms, Inc. | $66M | 1.7% | -0.4% | 9.5 yr |
| IBMInternational Business M | $57M | 1.5% | -0.1% | 19.3 yr |
| GILDGilead Sciences, Inc. | $53M | 1.4% | +27.7% | 19.3 yr |
| 0HQN.LCboe Global Markets, Inc | $53M | 1.4% | +26.3% | 7.5 yr |
| TAT&T Inc. | $50M | 1.3% | +5.9% | 19.3 yr |
| MAMastercard Incorporated | $49M | 1.3% | -8.5% | 18.0 yr |
| TSMTaiwan Semiconductor Man | $45M | 1.2% | +105.6% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors16.7%+6.5pp$630M
Software - Infrastructure10.1%-1.5pp$383M
Internet Content & Information8.7%+1.8pp$328M
Specialty Retail5.9%-0.0pp$221M
Consumer Electronics5.8%-0.6pp$221M
Software - Application4.8%-1.2pp$181M
Financial - Credit Services3.6%-1.0pp$136M
Drug Manufacturers - General3.6%+0.6pp$135M
Banks - Diversified2.8%+0.0pp$107M
Information Technology Services2.2%-1.2pp$85M
Country
US96.6%-1.3pp
TW1.2%+0.9pp
IN1.1%-0.2pp
UY0.8%+0.7pp
Unknown0.1%-0.0pp
SG0.1%-0.0pp
CN0.0%-0.1pp
GB0.0%+0.0pp
Top 5: 31.5% · Top 10: 43.1% · Top 25: 60.1%
Top buys this quarter · 15
| TSM Taiwan Semiconductor Manufactu | +$24M |
| MELI MercadoLibre, Inc. | +$22M |
| UBER Uber Technologies, Inc. | +$20M |
| GNRC Generac Holdings Inc. | +$19M |
| AVGO Broadcom Inc. | +$17M |
| PSMT PriceSmart, Inc. | +$17M |
| AKAM Akamai Technologies, Inc. | +$15M |
| WTS Watts Water Technologies, Inc. | +$15M |
| 0HQN.L Cboe Global Markets, Inc. | +$15M |
| CNM Core & Main, Inc. | +$13M |
Top sells this quarter · 15
| FIX Comfort Systems USA, Inc. | −$42M |
| ABNB Airbnb, Inc. | −$31M |
| AMZN Amazon.com, Inc. | −$28M |
| IBM International Business Machine | −$24M |
| INTU Intuit Inc. | −$14M |
| MSFT Microsoft Corporation | −$14M |
| DOCS Doximity, Inc.exit | −$13M |
| AAPL Apple Inc. | −$12M |
| BRBR BellRing Brands, Inc.exit | −$11M |
| NVDA NVIDIA Corporation | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.78B | 475 | +11.26% | +17.59% | -6.33% | -0.12B |
| 2025-12-31 | $4.29B | 478 | +16.26% | +17.72% | -1.46% | -0.07B |
| 2025-09-30 | $4.24B | 397 | +14.75% | +17.52% | -2.76% | -0.02B |
| 2025-06-30 | $4.03B | 401 | +14.02% | +14.94% | -0.93% | -0.22B |
| 2025-03-31 | $3.76B | 414 | +2.18% | +8.30% | -6.12% | -0.31B |
| 2024-12-31 | $4.29B | 425 | +18.16% | +24.89% | -6.73% | +0.19B |
| 2024-09-30 | $4.04B | 408 | +31.96% | +36.04% | -4.08% | -0.19B |
| 2024-06-30 | $4.03B | 415 | +18.83% | +24.49% | -5.66% | +0.07B |
| 2024-03-31 | $3.92B | 422 | +26.71% | +29.62% | -2.92% | +0.93B |
| 2023-12-31 | $2.73B | 409 | +24.15% | +26.18% | -2.03% | -0.28B |
| 2023-09-30 | $2.65B | 416 | +17.04% | +21.57% | -4.53% | +0.03B |
| 2023-06-30 | $2.77B | 422 | +18.20% | +19.42% | -1.22% | +0.03B |
| 2023-03-31 | $2.55B | 423 | -7.30% | -7.82% | +0.52% | +0.09B |
| 2022-12-31 | $2.29B | 421 | +6.86% | +7.56% | -0.70% | -0.05B |
| 2022-09-30 | $2.19B | 424 | -4.54% | -4.93% | +0.39% | -0.02B |
| 2022-06-30 | $2.32B | 419 | -15.48% | -16.11% | +0.63% | -0.21B |