Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+20.33%
adds when stocks drop
when a holding falls −10%+
Middle response
-9.69%
baseline attrition
Rally response
-16.91%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSLATesla, Inc. | $51M | 15.9% | +43.4% | 1.5 yr |
| BILState Street SPDR Bloomb | $46M | 14.5% | — | 1.3 yr |
| GOOGLAlphabet Inc. | $37M | 11.7% | — | 1.5 yr |
| TLHiShares 10-20 Year Treas | $34M | 10.7% | — | 0.8 yr |
| METAMeta Platforms, Inc. | $31M | 9.8% | -0.4% | 1.5 yr |
| AMZNAmazon.com, Inc. | $25M | 7.9% | +9.5% | 1.5 yr |
| AVGOBroadcom Inc. | $20M | 6.1% | +86.0% | 1.5 yr |
| MSFTMicrosoft Corporation | $19M | 6.0% | -0.6% | 1.5 yr |
| NVDANVIDIA Corporation | $18M | 5.6% | +60.9% | 1.5 yr |
| ORCLOracle Corporation | $14M | 4.5% | +5.9% | 1.5 yr |
| SPYGState Street SPDR Portfo | $7M | 2.2% | — | 1.5 yr |
| SPYState Street SPDR S&P 50 | $5M | 1.7% | +17.6% | 1.5 yr |
| QQQMInvesco NASDAQ 100 ETF | $3M | 0.8% | — | 1.5 yr |
| BRK-BBerkshire Hathaway Inc. | $1M | 0.4% | — | 1.5 yr |
| AAPLApple Inc. | $1M | 0.4% | +14.7% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information21.5%+2.4pp$69M
Asset Management19.8%+15.2pp$63M
Auto - Manufacturers15.9%+5.4pp$51M
Semiconductors11.7%-4.3pp$37M
Asset Management - Bonds10.7%$34M
Software - Infrastructure10.4%-7.3pp$33M
Specialty Retail7.9%-0.7pp$25M
Oil & Gas Integrated0.6%-0.1pp$2M
Insurance - Diversified0.4%-0.6pp$1M
Consumer Electronics0.4%-10.4pp$1M
Country
US100.0%+2.3pp
Top 5: 62.6% · Top 10: 92.6% · Top 25: 99.7%
Top buys this quarter · 15
| TSLA Tesla, Inc. | +$26M |
| AMZN Amazon.com, Inc. | +$8M |
| MSFT Microsoft Corporation | +$6M |
| SPY State Street SPDR S&P 500 ETF | +$5M |
| META Meta Platforms, Inc. | +$31M |
| AVGO Broadcom Inc. | +$3M |
| ORCL Oracle Corporation | +$14M |
| NVDA NVIDIA Corporation | +$2M |
| XOM Exxon Mobil Corporation | +$0M |
| PFE Pfizer Inc.new | +$0M |
Top sells this quarter · 15
| ALTO Alto Ingredients, Inc.exit | −$1M |
| AAPL Apple Inc. | −$1M |
| JPM JPMorgan Chase & Co. | −$1M |
| AMTX Aemetis, Inc.exit | −$1M |
| RCAT Red Cat Holdings, Inc.exit | −$0M |
| LLY Eli Lilly and Company | −$0M |
| ELVR Elevra Lithium Limitedexit | −$0M |
| ECL Ecolab Inc.exit | −$0M |
| GEVO Gevo, Inc.exit | −$0M |
| OPTT Ocean Power Technologies, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $320M | 30 | +21.78% | +17.59% | +4.19% | +0.06B |
| 2025-12-31 | $301M | 36 | +21.22% | +17.72% | +3.51% | +0.05B |
| 2025-09-30 | $261M | 21 | +17.65% | +8.12% | +9.53% | +0.02B |
| 2025-06-30 | $208M | 22 | +25.04% | +10.78% | +14.27% | +0.01B |
| 2025-03-31 | $158M | 24 | -13.89% | -4.27% | -9.62% | +0.02B |
| 2024-12-31 | $158M | 30 | — | — | — | — |