Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.28%
trims when stocks drop
when a holding falls −10%+
Middle response
-26.75%
baseline attrition
Rally response
-72.68%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LULULululemon Athletica Inc. | $13M | 7.4% | — | 0.5 yr |
| RDDTReddit, Inc. | $13M | 7.3% | — | 0.5 yr |
| AMZNAmazon.com, Inc. | $12M | 6.8% | — | 0.5 yr |
| MSFTMicrosoft Corporation | $11M | 6.1% | — | 0.5 yr |
| AFRMAffirm Holdings, Inc. | $11M | 5.9% | — | 0.5 yr |
| MELIMercadoLibre, Inc. | $10M | 5.5% | — | 0.5 yr |
| BAThe Boeing Company | $7M | 4.1% | — | 0.5 yr |
| — | $7M | 3.8% | — | 0.3 yr |
| COMPCompass, Inc. | $6M | 3.5% | — | 0.5 yr |
| DUOLDuolingo, Inc. | $6M | 3.3% | — | 0.3 yr |
| SESea Limited | $6M | 3.2% | — | 0.5 yr |
| AVGOBroadcom Inc. | $6M | 3.2% | — | 0.5 yr |
| CRCLCircle Internet Group | $5M | 3.0% | — | 0.3 yr |
| TSMTaiwan Semiconductor Man | $5M | 2.8% | — | 0.5 yr |
| WIXWix.com Ltd. | $4M | 2.3% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Specialty Retail17.0%$31M
Software - Infrastructure15.0%$27M
Software - Application9.7%$18M
Internet Content & Information8.1%$15M
Semiconductors8.0%$14M
Apparel - Retail7.9%$14M
Aerospace & Defense5.9%$11M
Unknown5.3%$10M
Financial - Capital Markets5.1%$9M
Auto - Manufacturers2.4%$4M
Country
US69.2%
CA8.6%
UY5.5%
Unknown5.3%
SG3.2%
TW2.8%
IL2.3%
CN1.9%
Top 5: 33.6% · Top 10: 53.7% · Top 25: 82.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| RDDT Reddit, Inc. | +$13M |
| LULU Lululemon Athletica Inc. | +$12M |
| MSFT Microsoft Corporation | +$10M |
| MELI MercadoLibre, Inc. | +$9M |
| DUOL Duolingo, Inc.new | +$6M |
| CRCL Circle Internet Groupnew | +$5M |
| AVGO Broadcom Inc. | +$5M |
| HIMS Hims & Hers Health, Inc.new | +$3M |
| SE Sea Limited | +$3M |
| AFRM Affirm Holdings, Inc. | +$11M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$16M |
| RIVN Rivian Automotive, Inc. | −$5M |
| COMP Compass, Inc. | −$4M |
| PLD Prologis, Inc. | −$3M |
| FSLR First Solar, Inc. | −$3M |
| WDC Western Digital Corporation | −$3M |
| BA The Boeing Company | −$3M |
| WYNN Wynn Resorts, Limitedexit | −$2M |
| COHR Coherent, Inc. | −$2M |
| DAL Delta Air Lines, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $181M | 66 | -12.76% | -4.37% | -8.39% | +0.01B |
| 2025-12-31 | $191M | 67 | — | — | — | — |