Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-15.74%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.83%
baseline attrition
Rally response
+1.90%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $83M | 11.0% | +60.9% | 3.0 yr |
| METAMeta Platforms, Inc. | $76M | 10.0% | -0.4% | 10.0 yr |
| GOOGLAlphabet Inc. | $72M | 9.6% | — | 10.5 yr |
| AMZNAmazon.com, Inc. | $56M | 7.5% | +9.5% | 10.5 yr |
| TSMTaiwan Semiconductor Man | $56M | 7.4% | +105.6% | 3.0 yr |
| ARMArm Holdings plc America | $53M | 7.1% | +41.7% | 2.8 yr |
| GEVGE Vernova Inc. | $49M | 6.5% | +186.8% | 2.0 yr |
| BAThe Boeing Company | $41M | 5.4% | +16.7% | 5.5 yr |
| RTXRTX Corporation | $41M | 5.4% | +48.1% | 2.5 yr |
| WYNNWynn Resorts, Limited | $34M | 4.5% | +22.7% | 5.0 yr |
| AAPLApple Inc. | $32M | 4.2% | +14.7% | 10.5 yr |
| COFCapital One Financial Co | $23M | 3.0% | +3.1% | 1.0 yr |
| RIOTRiot Platforms, Inc. | $22M | 2.9% | +73.6% | 1.0 yr |
| ASMLASML Holding N.V. | $21M | 2.8% | +100.9% | 2.8 yr |
| NFLXNetflix, Inc. | $11M | 1.5% | +3.1% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors29.5%+16.5pp$222M
Internet Content & Information20.1%+4.5pp$152M
Aerospace & Defense12.2%+1.6pp$92M
Specialty Retail7.5%+1.8pp$56M
Renewable Utilities6.5%+2.0pp$49M
Gambling, Resorts & Casinos5.3%+1.2pp$40M
Financial - Capital Markets4.3%+4.2pp$33M
Consumer Electronics4.2%-1.1pp$32M
Entertainment3.7%-6.6pp$28M
Financial - Credit Services3.0%+2.7pp$23M
Country
US82.1%-6.8pp
TW7.4%
GB7.1%+3.2pp
NL2.8%+0.9pp
CA0.6%
Top 5: 45.6% · Top 10: 74.4% · Top 25: 98.7%
Top buys this quarter · 15
| TSM Taiwan Semiconductor Manufactu | +$42M |
| ARM Arm Holdings plc American Depo | +$10M |
| GLW Corning Incorporatednew | +$8M |
| WYNN Wynn Resorts, Limited | +$6M |
| AAPL Apple Inc. | +$6M |
| AMZN Amazon.com, Inc. | +$56M |
| DKNG DraftKings Inc. | +$5M |
| NVDA NVIDIA Corporation | +$83M |
| RIOT Riot Platforms, Inc. | +$4M |
| MLYS Mineralys Therapeutics, Inc. | +$3M |
Top sells this quarter · 15
| MSFT Microsoft Corporationexit | −$40M |
| DIS The Walt Disney Company | −$18M |
| SPOT Spotify Technology S.A.exit | −$12M |
| ORCL Oracle Corporation | −$11M |
| UNP Union Pacific Corporationexit | −$10M |
| WFC Wells Fargo & Companyexit | −$9M |
| CRM Salesforce, Inc.exit | −$7M |
| NKE NIKE, Inc.exit | −$6M |
| WBD Warner Bros. Discovery, Inc.exit | −$4M |
| SCHL Scholastic Corporationexit | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $753M | 31 | +28.82% | +17.59% | +11.22% | -0.11B |
| 2025-12-31 | $893M | 39 | +21.84% | +17.72% | +4.12% | -0.07B |
| 2025-09-30 | $979M | 47 | +34.14% | +17.52% | +16.62% | +0.08B |
| 2025-06-30 | $835M | 44 | +27.50% | +14.94% | +12.56% | -0.00B |
| 2025-03-31 | $664M | 44 | +4.13% | +8.30% | -4.17% | +0.07B |
| 2024-12-31 | $649M | 40 | +30.30% | +24.89% | +5.41% | -0.23B |
| 2024-09-30 | $809M | 44 | +45.66% | +36.04% | +9.62% | +0.03B |
| 2024-06-30 | $757M | 48 | +34.78% | +24.49% | +10.29% | -0.00B |
| 2024-03-31 | $740M | 48 | +45.85% | +29.62% | +16.22% | +0.04B |
| 2023-12-31 | $614M | 44 | +50.94% | +26.18% | +24.76% | -0.03B |
| 2023-09-30 | $529M | 45 | +20.34% | +21.57% | -1.23% | -0.02B |
| 2023-06-30 | $573M | 43 | +26.20% | +19.42% | +6.77% | -0.01B |
| 2023-03-31 | $525M | 47 | -14.40% | -7.82% | -6.59% | +0.03B |
| 2022-12-31 | $424M | 49 | -3.38% | +7.56% | -10.94% | +0.03B |
| 2022-09-30 | $404M | 42 | -0.25% | -4.93% | +4.68% | -0.01B |
| 2022-06-30 | $413M | 45 | -24.59% | -16.11% | -8.48% | -0.00B |