Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-77.78%
trims when stocks drop
when a holding falls −10%+
Middle response
-88.83%
baseline attrition
Rally response
-86.72%
trims into rallies
when a holding rises +10%+
Top positions · 25
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ROSTRoss Stores, Inc. | $4M | 8.9% | — | 0.5 yr |
| MARMarriott International, | $4M | 8.9% | — | 0.5 yr |
| TGTTarget Corporation | $4M | 8.1% | — | 0.3 yr |
| COSTCostco Wholesale Corpora | $4M | 7.9% | — | 0.5 yr |
| BURLBurlington Stores, Inc. | $3M | 7.2% | — | 0.5 yr |
| YUMYum! Brands, Inc. | $3M | 6.9% | — | 0.3 yr |
| AMZNAmazon.com, Inc. | $3M | 6.2% | — | 0.5 yr |
| NFLXNetflix, Inc. | $2M | 4.8% | — | 0.3 yr |
| DASHDoorDash, Inc. | $2M | 4.3% | — | 0.5 yr |
| BJBJ's Wholesale Club Hold | $2M | 3.9% | — | 0.3 yr |
| EATBrinker International, I | $2M | 3.8% | — | 0.3 yr |
| RHPRyman Hospitality Proper | $2M | 3.3% | — | 0.3 yr |
| SBUXStarbucks Corporation | $1M | 3.2% | — | 0.5 yr |
| BKNGBooking Holdings Inc. | $1M | 2.9% | — | 0.5 yr |
| CAVACAVA Group, Inc. | $1M | 2.9% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Discount Stores22.2%$10M
Restaurants18.3%$9M
Apparel - Retail16.1%$7M
Travel Lodging8.9%$4M
Specialty Retail8.7%$4M
Internet Content & Information6.6%$3M
Travel Services5.4%$3M
Entertainment4.8%$2M
REIT - Hotel & Motel3.3%$2M
Gambling, Resorts & Casinos2.8%$1M
Country
US97.6%
LU2.4%
Unknown0.1%
Top 5: 41.0% · Top 10: 67.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 11
| TGT Target Corporationnew | +$4M |
| COST Costco Wholesale Corporation | +$3M |
| YUM Yum! Brands, Inc.new | +$3M |
| NFLX Netflix, Inc.new | +$2M |
| BJ BJ's Wholesale Club Holdings, new | +$2M |
| EAT Brinker International, Inc.new | +$2M |
| RHP Ryman Hospitality Properties, new | +$2M |
| CAVA CAVA Group, Inc.new | +$1M |
| RCL Royal Caribbean Cruises Ltd.new | +$1M |
| KR The Kroger Co.new | +$1M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$37M |
| BURL Burlington Stores, Inc. | −$31M |
| DG Dollar General Corporationexit | −$30M |
| HD The Home Depot, Inc.exit | −$25M |
| ROST Ross Stores, Inc. | −$20M |
| MAR Marriott International, Inc. | −$14M |
| TPR Tapestry, Inc.exit | −$14M |
| SBUX Starbucks Corporation | −$14M |
| FIVE Five Below, Inc. | −$9M |
| AZO AutoZone, Inc. | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $47M | 25 | -4.62% | -4.37% | -0.25% | -0.23B |
| 2025-12-31 | $288M | 26 | — | — | — | — |