Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+13.77%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.84%
steady accumulation
Rally response
+10.45%
adds into rallies
when a holding rises +10%+
Top positions · 12
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| APPAppLovin Corporation | $25M | 24.0% | +50.2% | 1.5 yr |
| OPLNOPENLANE, Inc. | $23M | 21.9% | +51.2% | 1.5 yr |
| CPNGCoupang, Inc. | $18M | 17.6% | -13.9% | 1.5 yr |
| GTLBGitLab Inc. | $13M | 12.6% | -54.0% | 1.3 yr |
| APPFAppFolio, Inc. | $8M | 7.8% | -28.2% | 1.5 yr |
| IOTSamsara Inc. | $4M | 3.9% | -17.3% | 0.3 yr |
| SAILSailPoint, Inc. | $4M | 3.7% | -29.4% | 0.3 yr |
| CLVTClarivate Plc | $3M | 2.8% | -35.6% | 0.5 yr |
| RSKDRiskified Ltd. | $2M | 2.1% | -15.2% | 1.3 yr |
| TOSTToast, Inc. | $2M | 1.6% | -20.1% | 0.3 yr |
| FIGFigma, Inc. | $1M | 1.3% | — | 0.3 yr |
| ACVAACV Auctions Inc. | $1M | 0.6% | -69.9% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application47.7%+7.6pp$50M
Auto - Dealerships22.6%-0.1pp$24M
Specialty Retail17.6%+1.4pp$18M
Software - Infrastructure9.3%+2.9pp$10M
Information Technology Services2.8%$3M
Country
US77.5%+4.5pp
KR17.6%+1.4pp
GB2.8%
IL2.1%-1.4pp
Top 5: 83.9% · Top 10: 98.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $104M | 12 | +2.86% | +17.59% | -14.73% | +0.00B |
| 2025-12-31 | $139M | 10 | +20.12% | +17.72% | +2.40% | +0.00B |
| 2025-09-30 | $148M | 10 | +23.24% | +8.12% | +15.12% | -0.01B |
| 2025-06-30 | $128M | 12 | +21.02% | +10.78% | +10.24% | +0.00B |
| 2025-03-31 | $106M | 14 | -12.82% | -4.27% | -8.55% | +0.01B |
| 2024-12-31 | $111M | 16 | — | — | — | — |