Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.33%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.09%
baseline attrition
Rally response
-2.22%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $412M | 6.9% | +60.9% | 1.5 yr |
| AAPLApple Inc. | $370M | 6.2% | +14.7% | 1.5 yr |
| AMZNAmazon.com, Inc. | $257M | 4.3% | +9.5% | 1.5 yr |
| MSFTMicrosoft Corporation | $240M | 4.0% | -0.6% | 1.5 yr |
| GOOGAlphabet Inc. | $231M | 3.9% | +84.3% | 1.5 yr |
| SNDKSandisk Corporation | $209M | 3.5% | +1234.5% | 0.8 yr |
| TSEMTower Semiconductor Ltd. | $201M | 3.4% | +392.1% | 0.8 yr |
| LITELumentum Holdings Inc. | $199M | 3.3% | +1027.3% | 1.0 yr |
| TSLATesla, Inc. | $186M | 3.1% | +43.4% | 1.5 yr |
| AVGOBroadcom Inc. | $179M | 3.0% | +86.0% | 1.5 yr |
| MUMicron Technology, Inc. | $152M | 2.5% | +289.6% | 1.5 yr |
| METAMeta Platforms, Inc. | $149M | 2.5% | -0.4% | 1.5 yr |
| WMTWalmart Inc. | $145M | 2.4% | +42.8% | 1.5 yr |
| LRCXLam Research Corporation | $141M | 2.4% | +196.1% | 1.5 yr |
| ASMLASML Holding N.V. | $137M | 2.3% | +100.9% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors28.7%+11.6pp$1.71B
Internet Content & Information8.8%-0.2pp$529M
Software - Infrastructure6.6%-3.5pp$396M
Specialty Retail6.4%-3.3pp$382M
Consumer Electronics6.2%-1.6pp$370M
Communication Equipment5.1%+4.0pp$304M
Hardware, Equipment & Parts4.2%+4.2pp$254M
Discount Stores4.0%+1.5pp$236M
Auto - Manufacturers3.1%+0.4pp$187M
Software - Application3.1%-2.4pp$187M
Country
US89.2%+0.7pp
IL3.4%
NL2.5%+1.8pp
IE1.5%-1.4pp
GB1.0%-0.3pp
CA0.6%+0.4pp
CN0.4%-2.6pp
Unknown0.4%-0.0pp
Top 5: 25.2% · Top 10: 41.5% · Top 25: 67.0%
Top buys this quarter · 15
| TSEM Tower Semiconductor Ltd. | +$147M |
| WMT Walmart Inc. | +$144M |
| ASML ASML Holding N.V. | +$113M |
| LRCX Lam Research Corporation | +$84M |
| MU Micron Technology, Inc. | +$47M |
| AMAT Applied Materials, Inc. | +$23M |
| COHR Coherent, Inc.new | +$23M |
| ROST Ross Stores, Inc. | +$20M |
| VICR Vicor Corporationnew | +$19M |
| AMZN Amazon.com, Inc. | +$257M |
Top sells this quarter · 15
| LITE Lumentum Holdings Inc. | −$153M |
| SNDK Sandisk Corporation | −$112M |
| PM Philip Morris International In | −$38M |
| CIEN Ciena Corporation | −$33M |
| MSFT Microsoft Corporation | −$25M |
| META Meta Platforms, Inc. | −$24M |
| TSM Taiwan Semiconductor Manufactu | −$24M |
| NVDA NVIDIA Corporation | −$19M |
| PDD PDD Holdings Inc. | −$19M |
| GLW Corning Incorporatedexit | −$19M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.98B | 624 | +36.15% | +17.59% | +18.55% | +0.03B |
| 2025-12-31 | $5.85B | 643 | +24.83% | +17.72% | +7.11% | +0.09B |
| 2025-09-30 | $5.51B | 631 | +10.80% | +8.12% | +2.68% | +0.00B |
| 2025-06-30 | $4.97B | 660 | +15.67% | +10.78% | +4.89% | +0.04B |
| 2025-03-31 | $4.26B | 666 | -6.74% | -4.27% | -2.47% | -0.00B |
| 2024-12-31 | $4.57B | 636 | — | — | — | — |