Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+30.91%
adds when stocks drop
when a holding falls −10%+
Middle response
+28.98%
steady accumulation
Rally response
+20.29%
adds into rallies
when a holding rises +10%+
Top positions · 26
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BEBloom Energy Corporation | $879M | 22.8% | +589.2% | 0.5 yr |
| SNDKSandisk Corporation | $724M | 18.8% | +1234.5% | 0.8 yr |
| CRWVCoreWeave, Inc. Class A | $556M | 14.4% | +108.9% | 1.0 yr |
| IRENIREN Limited | $401M | 10.4% | +462.9% | 1.3 yr |
| CORZCore Scientific, Inc. | $389M | 10.1% | +106.6% | 1.3 yr |
| APLDApplied Digital Corporat | $320M | 8.3% | +322.4% | 1.3 yr |
| RIOTRiot Platforms, Inc. | $142M | 3.7% | +73.6% | 0.8 yr |
| CLSKCleanSpark, Inc. | $104M | 2.7% | +26.6% | 0.5 yr |
| SEISolaris Energy Infrastru | $62M | 1.6% | +163.1% | 0.8 yr |
| TET1 Energy Inc | $44M | 1.1% | +248.4% | 0.3 yr |
| BITFBitfarms Ltd. | $39M | 1.0% | +203.2% | 0.5 yr |
| BTDRBitdeer Technologies Gro | $30M | 0.8% | -2.0% | 0.8 yr |
| PSIXPower Solutions Internat | $26M | 0.7% | +140.8% | 0.5 yr |
| WYFIWhiteFiber, Inc. Ordinar | $21M | 0.5% | — | 0.5 yr |
| AMDAdvanced Micro Devices, | $20M | 0.5% | +98.0% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure24.5%+10.2pp$945M
Electrical Equipment & Parts23.9%$923M
Hardware, Equipment & Parts18.8%$725M
Financial - Capital Markets15.1%+11.3pp$582M
Information Technology Services9.5%+5.3pp$365M
Asset Management - Cryptocurrency2.7%$104M
Oil & Gas Equipment & Services2.0%$76M
Semiconductors1.3%-33.2pp$49M
Industrial - Machinery1.2%$46M
Software - Application0.8%$30M
Country
US87.5%-8.8pp
AU10.4%+6.6pp
CA1.0%
SG0.8%
TW0.2%
NL0.2%
Top 5: 76.5% · Top 10: 93.9% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| IREN | $20M | +0.09B | 462.9% |
| APLD | $23M | +0.07B | 322.4% |
| CRWV | $45M | +0.05B | 108.9% |
| CORZ | $33M | +0.03B | 106.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| IREN IREN Limited | +$103M |
| CLSK CleanSpark, Inc. | +$91M |
| CRWV CoreWeave, Inc. Class A Common | +$84M |
| RIOT Riot Platforms, Inc. | +$66M |
| SNDK Sandisk Corporation | +$55M |
| APLD Applied Digital Corporation | +$51M |
| TE T1 Energy Incnew | +$44M |
| BITF Bitfarms Ltd. | +$31M |
| AMD Advanced Micro Devices, Inc.new | +$20M |
| SHAZ SharonAI Holdings, Inc. Class new | +$18M |
Top sells this quarter · 11
| LITE Lumentum Holdings Inc.exit | −$912M |
| BE Bloom Energy Corporation | −$876M |
| EQT EQT Corporationexit | −$158M |
| CIFR Cipher Mining Inc.exit | −$135M |
| TSEM Tower Semiconductor Ltd.exit | −$127M |
| COHR Coherent, Inc.exit | −$114M |
| HUT.TO Hut 8 Mining Corp.exit | −$56M |
| SEI Solaris Energy Infrastructure, | −$43M |
| CORZ Core Scientific, Inc. | −$41M |
| KRC Kilroy Realty Corporationexit | −$37M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.86B | 26 | +162.64% | +17.59% | +145.05% | -1.22B |
| 2025-12-31 | $3.91B | 24 | +59.67% | +17.72% | +41.95% | +1.90B |
| 2025-09-30 | $2.22B | 18 | +41.04% | +8.12% | +32.92% | +0.67B |
| 2025-06-30 | $1.10B | 7 | +58.74% | +10.78% | +47.96% | +0.23B |
| 2025-03-31 | $546M | 11 | -21.23% | -4.27% | -16.96% | +0.35B |
| 2024-12-31 | $255M | 6 | — | — | — | — |