Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.88%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.73%
baseline attrition
Rally response
-13.10%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $242M | 11.9% | +60.9% | 2.5 yr |
| MSFTMicrosoft Corporation | $186M | 9.1% | -0.6% | 2.5 yr |
| AMZNAmazon.com, Inc. | $169M | 8.3% | +9.5% | 2.5 yr |
| METAMeta Platforms, Inc. | $126M | 6.2% | -0.4% | 2.5 yr |
| GOOGLAlphabet Inc. | $122M | 6.0% | — | 2.5 yr |
| AAPLApple Inc. | $104M | 5.1% | +14.7% | 2.5 yr |
| TSMTaiwan Semiconductor Man | $84M | 4.1% | +105.6% | 2.5 yr |
| AVGOBroadcom Inc. | $77M | 3.8% | +86.0% | 2.0 yr |
| MUMicron Technology, Inc. | $68M | 3.4% | +289.6% | 1.8 yr |
| GEVGE Vernova Inc. | $51M | 2.5% | +186.8% | 0.5 yr |
| NFLXNetflix, Inc. | $45M | 2.2% | +3.1% | 2.5 yr |
| ORCLOracle Corporation | $41M | 2.0% | +5.9% | 1.0 yr |
| AGIAlamos Gold Inc. | $33M | 1.6% | +66.7% | 1.8 yr |
| LRCXLam Research Corporation | $32M | 1.6% | +196.1% | 1.3 yr |
| APHAmphenol Corporation | $32M | 1.6% | +93.6% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors29.2%+12.5pp$594M
Internet Content & Information12.9%+2.0pp$261M
Software - Infrastructure11.1%+2.6pp$226M
Specialty Retail8.6%-0.6pp$174M
Consumer Electronics5.1%+2.3pp$104M
Gold3.7%+1.2pp$74M
Software - Application3.3%+1.2pp$68M
Financial - Credit Services2.7%$54M
Entertainment2.5%+0.6pp$51M
Renewable Utilities2.5%$51M
Country
US88.5%+2.4pp
TW4.1%+0.5pp
CA2.6%+0.0pp
GB1.3%-0.5pp
Unknown1.1%-0.6pp
NL1.0%
IE0.9%-0.9pp
LU0.4%-0.6pp
Top 5: 41.6% · Top 10: 60.5% · Top 25: 81.8%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$93M |
| MSFT Microsoft Corporation | +$68M |
| MU Micron Technology, Inc. | +$34M |
| META Meta Platforms, Inc. | +$32M |
| GEV GE Vernova Inc. | +$31M |
| AAPL Apple Inc. | +$30M |
| AMZN Amazon.com, Inc. | +$27M |
| ORCL Oracle Corporation | +$23M |
| NFLX Netflix, Inc. | +$14M |
| LRCX Lam Research Corporation | +$13M |
Top sells this quarter · 15
| CRWV CoreWeave, Inc. Class A Commonexit | −$29M |
| VRT Vertiv Holdings Co | −$25M |
| NEM Newmont Corporation | −$25M |
| ALK Alaska Air Group, Inc. | −$22M |
| TSM Taiwan Semiconductor Manufactu | −$21M |
| UAL United Airlines Holdings, Inc.exit | −$21M |
| WM Waste Management, Inc.exit | −$20M |
| AGI Alamos Gold Inc. | −$20M |
| LLY Eli Lilly and Company | −$19M |
| BAC Bank of America Corporation | −$18M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.03B | 70 | +27.82% | +17.59% | +10.23% | -0.06B |
| 2025-12-31 | $2.19B | 76 | +27.86% | +17.72% | +10.14% | +0.18B |
| 2025-09-30 | $1.97B | 81 | +29.29% | +17.52% | +11.77% | +0.02B |
| 2025-06-30 | $1.80B | 90 | +24.67% | +14.94% | +9.73% | +0.07B |
| 2025-03-31 | $1.43B | 77 | +4.55% | +8.30% | -3.76% | +0.06B |
| 2024-12-31 | $1.43B | 75 | +21.32% | +24.89% | -3.57% | -0.11B |
| 2024-09-30 | $1.50B | 72 | +4.17% | +5.75% | -1.58% | +0.06B |
| 2024-06-30 | $1.37B | 74 | +2.08% | +4.38% | -2.30% | +0.07B |
| 2024-03-31 | $1.27B | 74 | +10.52% | +10.39% | +0.13% | -0.00B |
| 2023-12-31 | $1.16B | 74 | — | — | — | — |