Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+17.13%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.77%
baseline attrition
Rally response
-6.80%
trims into rallies
when a holding rises +10%+
Top positions · 21
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IBITiShares Bitcoin Trust ET | $702M | 88.9% | — | 2.0 yr |
| TIGRUP Fintech Holding Ltd. | $65M | 8.3% | -26.7% | 1.3 yr |
| BITBBitwise Bitcoin ETF Trus | $6M | 0.8% | — | 0.5 yr |
| MFImF International Limited | $6M | 0.7% | — | 0.3 yr |
| FBTCFidelity Wise Origin Bit | $3M | 0.4% | — | 2.0 yr |
| XXITwenty One Capital Inc | $3M | 0.3% | — | 0.5 yr |
| WDHWaterdrop Inc. | $1M | 0.2% | +12.5% | 0.8 yr |
| ETHAiShares Ethereum Trust E | $1M | 0.1% | — | 0.8 yr |
| BMNRBitmine Immersion Techno | $1M | 0.1% | — | 0.5 yr |
| HSDTSolana Company | $1M | 0.1% | — | 0.5 yr |
| NVDANVIDIA Corporation | $0M | 0.0% | +60.9% | 1.3 yr |
| TSMTaiwan Semiconductor Man | $0M | 0.0% | +105.6% | 0.8 yr |
| ASMLASML Holding N.V. | $0M | 0.0% | +100.9% | 0.3 yr |
| HOODRobinhood Markets, Inc. | $0M | 0.0% | +66.5% | 0.3 yr |
| AVGOBroadcom Inc. | $0M | 0.0% | +86.0% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management89.1%-4.7pp$703M
Financial - Capital Markets8.3%+5.2pp$66M
Asset Management - Cryptocurrency1.2%+0.7pp$10M
Software - Application0.7%$6M
Financial - Conglomerates0.3%$3M
Insurance - Diversified0.2%$1M
Semiconductors0.1%-0.4pp$1M
Medical - Devices0.1%$1M
Internet Content & Information0.0%-0.0pp$0M
Consumer Electronics0.0%-0.1pp$0M
Country
US90.8%-5.6pp
CN8.4%+5.3pp
HK0.7%
TW0.0%-0.4pp
NL0.0%
IE0.0%
Top 5: 99.1% · Top 10: 99.9% · Top 25: 100.0%
Top buys this quarter · 5
| MFI mF International Limitednew | +$6M |
| NVDA NVIDIA Corporation | +$0M |
| ASML ASML Holding N.V.new | +$0M |
| HOOD Robinhood Markets, Inc.new | +$0M |
| AVGO Broadcom Inc.new | +$0M |
Top sells this quarter · 11
| FBTC Fidelity Wise Origin Bitcoin F | −$0M |
| IBIT iShares Bitcoin Trust ETF | −$0M |
| YOLO AdvisorShares Pure Cannabis ETexit | −$0M |
| DSU BlackRock Debt Strategies Fundexit | −$0M |
| DZZ DB Gold Double Short ETNexit | −$0M |
| FBT First Trust NYSE Arca Biotechnexit | −$0M |
| VIXM ProShares - VIX Mid-Term Futurexit | −$0M |
| UNG United States Natural Gas Fundexit | −$0M |
| TSM Taiwan Semiconductor Manufactu | −$7M |
| FUTU Futu Holdings Limitedexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $790M | 21 | -16.72% | +17.59% | -34.31% | +0.08B |
| 2025-12-31 | $1.03B | 24 | +31.83% | +17.72% | +14.11% | -0.13B |
| 2025-09-30 | $1.31B | 22 | +63.29% | +17.52% | +45.77% | -0.02B |
| 2025-06-30 | $1.17B | 36 | +54.53% | +14.94% | +39.59% | +0.29B |
| 2025-03-31 | $738M | 21 | +9.95% | -4.27% | +14.22% | +0.07B |
| 2024-12-31 | $604M | 6 | +9.39% | +2.49% | +6.90% | +0.58B |
| 2024-09-30 | $22M | 6 | +7.30% | +5.75% | +1.55% | -0.39B |
| 2024-06-30 | $383M | 6 | — | — | — | — |