Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.63%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.00%
baseline attrition
Rally response
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MRVLMarvell Technology, Inc. | $260M | 28.2% | +61.3% | 0.3 yr |
| KBDCKayne Anderson BDC, Inc. | $167M | 18.1% | -7.5% | 1.0 yr |
| CMPCompass Minerals Interna | $164M | 17.8% | +151.3% | 1.5 yr |
| IBTAIbotta, Inc. | $132M | 14.3% | -29.0% | 1.5 yr |
| GETYGetty Images Holdings, I | $91M | 9.9% | -54.1% | 1.5 yr |
| SLIStandard Lithium Ltd. | $46M | 5.0% | +168.5% | 1.5 yr |
| CMTGClaros Mortgage Trust, I | $36M | 3.9% | -36.2% | 1.5 yr |
| VIAVia Transportation, Inc. | $26M | 2.8% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors28.2%$260M
Industrial Materials22.8%+5.0pp$210M
Asset Management18.1%$167M
Software - Application17.0%-22.9pp$157M
Internet Content & Information9.9%-20.2pp$91M
REIT - Mortgage3.9%-8.3pp$36M
Country
US95.0%-1.3pp
CA5.0%+1.3pp
Top 5: 88.3% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| MRVL Marvell Technology, Inc.new | +$260M |
Top sells this quarter · 1
| KBDC Kayne Anderson BDC, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $922M | 8 | -10.03% | +17.59% | -27.62% | +0.24B |
| 2025-12-31 | $723M | 7 | -29.91% | +17.72% | -47.63% | +0.04B |
| 2025-09-30 | $757M | 7 | -1.52% | +8.12% | -9.65% | +0.08B |
| 2025-06-30 | $691M | 6 | +7.07% | +10.78% | -3.71% | +0.19B |
| 2025-03-31 | $464M | 5 | -26.06% | -4.27% | -21.79% | +0.00B |
| 2024-12-31 | $627M | 5 | — | — | — | — |