Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.16%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.99%
baseline attrition
Rally response
-6.75%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $94M | 14.3% | +60.9% | 2.3 yr |
| AAPLApple Inc. | $36M | 5.5% | +14.7% | 2.3 yr |
| METAMeta Platforms, Inc. | $32M | 4.9% | -0.4% | 2.3 yr |
| AVGOBroadcom Inc. | $31M | 4.7% | +86.0% | 2.3 yr |
| AMDAdvanced Micro Devices, | $30M | 4.6% | +98.0% | 2.3 yr |
| TSMTaiwan Semiconductor Man | $30M | 4.6% | +105.6% | 2.3 yr |
| GOOGLAlphabet Inc. | $28M | 4.2% | — | 2.3 yr |
| AMZNAmazon.com, Inc. | $27M | 4.1% | +9.5% | 2.3 yr |
| GOOGAlphabet Inc. | $26M | 3.9% | +84.3% | 2.3 yr |
| MRVLMarvell Technology, Inc. | $21M | 3.2% | +61.3% | 2.3 yr |
| AFRMAffirm Holdings, Inc. | $18M | 2.7% | +1.4% | 2.3 yr |
| MUMicron Technology, Inc. | $17M | 2.6% | +289.6% | 2.3 yr |
| MSFTMicrosoft Corporation | $16M | 2.5% | -0.6% | 2.3 yr |
| NOWServiceNow, Inc. | $15M | 2.3% | -34.3% | 2.3 yr |
| ORCLOracle Corporation | $14M | 2.2% | +5.9% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors36.8%+25.9pp$241M
Internet Content & Information13.1%+8.9pp$86M
Software - Infrastructure9.2%+3.7pp$60M
Consumer Electronics5.5%+2.3pp$36M
Software - Application4.7%+2.4pp$31M
Specialty Retail4.3%+2.1pp$28M
Asset Management4.2%-40.9pp$28M
Financial - Credit Services2.8%+0.7pp$18M
Computer Hardware1.4%+0.7pp$9M
REIT - Healthcare Facilities1.4%+1.3pp$9M
Country
US90.6%-5.2pp
TW4.6%+3.4pp
GB2.0%+1.2pp
Unknown1.0%+0.5pp
CA0.8%+0.6pp
IE0.3%-0.2pp
SG0.2%+0.2pp
BM0.2%+0.2pp
Top 5: 34.0% · Top 10: 54.0% · Top 25: 79.9%
Top buys this quarter · 15
| NOW ServiceNow, Inc. | +$14M |
| ORCL Oracle Corporation | +$7M |
| AFRM Affirm Holdings, Inc. | +$3M |
| MPT Medical Properties Trust, Inc. | +$1M |
| CDNS Cadence Design Systems, Inc. | +$1M |
| SOFI SoFi Technologies, Inc. | +$14M |
| COLD Americold Realty Trust, Inc.new | +$1M |
| AZN AstraZeneca PLCnew | +$1M |
| SJM The J. M. Smucker Company | +$1M |
| GPK Graphic Packaging Holding Compnew | +$0M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$197M |
| NVDA NVIDIA Corporation | −$117M |
| AAPL Apple Inc. | −$56M |
| AMZN Amazon.com, Inc. | −$33M |
| COST Costco Wholesale Corporation | −$27M |
| MSFT Microsoft Corporation | −$26M |
| OPBK OP Bancorpexit | −$24M |
| PLTR Palantir Technologies Inc. | −$21M |
| AVGO Broadcom Inc. | −$19M |
| UNH UnitedHealth Group Incorporate | −$14M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $655M | 209 | +25.89% | +17.59% | +8.30% | -2.32B |
| 2025-12-31 | $3.14B | 906 | +22.63% | +17.72% | +4.91% | +0.15B |
| 2025-09-30 | $2.96B | 866 | +27.89% | +17.52% | +10.37% | +0.09B |
| 2025-06-30 | $2.60B | 822 | +21.09% | +14.94% | +6.15% | +0.70B |
| 2025-03-31 | $1.59B | 628 | +3.94% | +8.30% | -4.36% | -0.07B |
| 2024-12-31 | $1.80B | 606 | +5.19% | +2.49% | +2.70% | -0.14B |
| 2024-09-30 | $1.85B | 625 | +4.39% | +5.75% | -1.36% | -0.05B |
| 2024-06-30 | $1.82B | 621 | +2.50% | +4.38% | -1.88% | +0.09B |
| 2024-03-31 | $1.69B | 623 | — | — | — | — |