Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
-8.76%
trims into rallies
when a holding rises +10%+
Top positions · 1
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GBTGGlobal Business Travel G | $880M | 100.0% | -23.1% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application100.0%+0.1pp$880M
Country
US100.0%+0.1pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $880M | 1 | -23.14% | +17.59% | -40.73% | -0.00B |
| 2025-12-31 | $1.21B | 1 | -17.56% | +17.72% | -35.28% | -0.00B |
| 2025-09-30 | $1.28B | 2 | +5.07% | +17.52% | -12.45% | +0.00B |
| 2025-06-30 | $994M | 2 | -4.55% | +14.94% | -19.49% | -0.00B |
| 2025-03-31 | $1.15B | 3 | +18.01% | +8.30% | +9.71% | +0.00B |
| 2024-12-31 | $1.47B | 3 | +30.43% | +24.89% | +5.55% | +0.00B |
| 2024-09-30 | $1.21B | 3 | +16.52% | +5.75% | +10.76% | -0.00B |
| 2024-06-30 | $1.04B | 3 | +7.28% | +4.38% | +2.91% | -0.00B |
| 2024-03-31 | $971M | 5 | -13.53% | +10.39% | -23.92% | +0.07B |
| 2023-12-31 | $1.04B | 5 | — | — | — | — |