Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.55%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.30%
baseline attrition
Rally response
-4.15%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $256M | 6.4% | — | 1.0 yr |
| AAPLApple Inc. | $225M | 5.6% | — | 1.0 yr |
| MSFTMicrosoft Corporation | $166M | 4.1% | — | 1.0 yr |
| AMZNAmazon.com, Inc. | $123M | 3.1% | — | 1.0 yr |
| GOOGLAlphabet Inc. | $101M | 2.5% | — | 1.0 yr |
| AVGOBroadcom Inc. | $89M | 2.2% | — | 1.0 yr |
| GOOGAlphabet Inc. | $81M | 2.0% | — | 1.0 yr |
| METAMeta Platforms, Inc. | $76M | 1.9% | — | 1.0 yr |
| TSLATesla, Inc. | $63M | 1.6% | — | 1.0 yr |
| BRK-BBerkshire Hathaway Inc. | $53M | 1.3% | — | 1.0 yr |
| JPMJPMorgan Chase & Co. | $48M | 1.2% | — | 1.0 yr |
| LLYEli Lilly and Company | $44M | 1.1% | — | 1.0 yr |
| XOMExxon Mobil Corporation | $43M | 1.1% | — | 1.0 yr |
| JNJJohnson & Johnson | $36M | 0.9% | — | 1.0 yr |
| ANSCAgriculture & Natural So | $33M | 0.8% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.1%$488M
Unknown9.2%$371M
Internet Content & Information6.5%$261M
Software - Infrastructure5.7%$229M
Consumer Electronics5.6%$225M
Shell Companies5.2%$212M
Drug Manufacturers - General4.1%$165M
Specialty Retail3.5%$139M
Banks - Diversified2.5%$101M
Financial - Credit Services2.0%$79M
Country
US86.5%
Unknown9.2%
IE1.2%
KY1.1%
GB0.4%
MX0.4%
SG0.3%
CH0.2%
Top 5: 21.6% · Top 10: 30.6% · Top 25: 41.9%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| MLAC Mountain Lake Acquisition Corp | +$8M |
| JACS Jackson Acquisition Company II | +$7M |
| VRT Vertiv Holdings Conew | +$6M |
| CAEP Cantor Equity Partners III, In | +$6M |
| HAVA Harvard Ave Acquisition Corpornew | +$5M |
| SCII SC II Acquisition Corp. Class new | +$5M |
| CIEN Ciena Corporationnew | +$3M |
| WPAC White Pearl Acquisition Corp.new | +$3M |
| LITE Lumentum Holdings Inc.new | +$3M |
| XRPN Armada Acquisition Corp. II | +$3M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF | −$895M |
| NVDA NVIDIA Corporation | −$52M |
| AAPL Apple Inc. | −$48M |
| MSFT Microsoft Corporation | −$34M |
| AMZN Amazon.com, Inc. | −$25M |
| AVGO Broadcom Inc. | −$18M |
| GOOG Alphabet Inc. | −$16M |
| META Meta Platforms, Inc. | −$15M |
| TSLA Tesla, Inc. | −$13M |
| YCY AA Mission Acquisition Corp. Iexit | −$13M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.03B | 665 | -4.26% | -4.37% | +0.11% | -1.51B |
| 2025-12-31 | $5.79B | 671 | +2.74% | +2.66% | +0.08% | +0.98B |
| 2025-09-30 | $4.68B | 675 | +8.05% | +8.12% | -0.08% | -0.10B |
| 2025-06-30 | $4.42B | 678 | — | — | — | — |