Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.86%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.36%
baseline attrition
Rally response
-0.07%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $24M | 9.6% | +60.9% | 2.5 yr |
| GLDSPDR Gold Shares | $22M | 8.9% | — | 2.5 yr |
| PLTRPalantir Technologies In | $21M | 8.3% | +73.3% | 1.5 yr |
| ETEnergy Transfer LP | $17M | 6.8% | +12.1% | 2.5 yr |
| AVGOBroadcom Inc. | $17M | 6.5% | +86.0% | 2.0 yr |
| AMZNAmazon.com, Inc. | $14M | 5.7% | +9.5% | 2.5 yr |
| ACWXiShares MSCI ACWI ex U.S | $13M | 5.0% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $12M | 4.8% | — | 2.5 yr |
| METAMeta Platforms, Inc. | $12M | 4.7% | -0.4% | 2.5 yr |
| JPMJPMorgan Chase & Co. | $12M | 4.6% | +21.8% | 1.3 yr |
| GSThe Goldman Sachs Group, | $11M | 4.4% | +58.1% | 0.3 yr |
| MUMicron Technology, Inc. | $10M | 3.9% | +289.6% | 0.3 yr |
| ULTAUlta Beauty, Inc. | $10M | 3.8% | +42.6% | 0.8 yr |
| AVDVAvantis International Sm | $9M | 3.7% | — | 0.3 yr |
| CRWDCrowdStrike Holdings, In | $9M | 3.6% | +10.7% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors21.3%+6.6pp$54M
Asset Management19.8%+6.4pp$50M
Software - Infrastructure12.5%+2.8pp$32M
Internet Content & Information9.8%-3.5pp$25M
Specialty Retail9.5%+1.3pp$24M
Oil & Gas Midstream6.8%-4.6pp$17M
Banks - Diversified4.6%+4.5pp$12M
Financial - Capital Markets4.4%$11M
Discount Stores3.4%-9.1pp$8M
Electrical Equipment & Parts3.1%$8M
Country
US97.7%+0.7pp
NL1.1%+0.9pp
DK1.0%
TW0.1%
Top 5: 40.1% · Top 10: 64.7% · Top 25: 97.8%
Top buys this quarter · 15
| GS The Goldman Sachs Group, Inc.new | +$11M |
| MU Micron Technology, Inc.new | +$10M |
| GNRC Generac Holdings Inc.new | +$3M |
| TSLA Tesla, Inc. | +$2M |
| ULTA Ulta Beauty, Inc. | +$10M |
| ET Energy Transfer LP | +$1M |
| CRWD CrowdStrike Holdings, Inc. | +$9M |
| HUM Humana Inc.new | +$0M |
| ASML ASML Holding N.V. | +$0M |
| META Meta Platforms, Inc. | +$12M |
Top sells this quarter · 15
| LLY Eli Lilly and Company | −$24M |
| 0HQN.L Cboe Global Markets, Inc.exit | −$17M |
| NVDA NVIDIA Corporation | −$16M |
| NFLX Netflix, Inc.exit | −$12M |
| HOOD Robinhood Markets, Inc.exit | −$12M |
| SPOT Spotify Technology S.A.exit | −$8M |
| AMZN Amazon.com, Inc. | −$7M |
| AVAV AeroVironment, Inc.exit | −$7M |
| SHOP Shopify Inc.exit | −$6M |
| JPM JPMorgan Chase & Co. | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $253M | 35 | +22.13% | +17.59% | +4.53% | -0.07B |
| 2025-12-31 | $345M | 39 | +24.21% | +17.72% | +6.49% | -0.01B |
| 2025-09-30 | $369M | 36 | +36.32% | +17.52% | +18.80% | +0.03B |
| 2025-06-30 | $301M | 33 | +22.68% | +14.94% | +7.73% | +0.00B |
| 2025-03-31 | $243M | 26 | +9.04% | +8.30% | +0.74% | -0.03B |
| 2024-12-31 | $285M | 31 | +33.47% | +24.89% | +8.58% | +0.01B |
| 2024-09-30 | $263M | 28 | +0.82% | +5.75% | -4.93% | +0.02B |
| 2024-06-30 | $238M | 27 | +8.31% | +4.38% | +3.93% | -0.01B |
| 2024-03-31 | $230M | 30 | +16.06% | +10.39% | +5.67% | +0.01B |
| 2023-12-31 | $187M | 26 | — | — | — | — |