Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+15.05%
adds when stocks drop
when a holding falls −10%+
Middle response
+10.98%
steady accumulation
Rally response
-16.88%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $11.35B | 96.6% | — | 1.3 yr |
| HSYThe Hershey Company | $405M | 3.4% | +25.3% | 9.8 yr |
| IOTSamsara Inc. | $0M | 0.0% | -17.3% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Unknown96.6%+0.3pp$11.35B
Food Confectioners3.4%-0.2pp$405M
Software - Infrastructure0.0%$0M
Country
Unknown96.6%+0.3pp
US3.4%-0.3pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| HSY | $353M | +0.09B | 25.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 0
No buys this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $11.76B | 3 | +26.43% | +17.59% | +8.84% | -0.10B |
| 2025-12-31 | $10.31B | 5 | +13.59% | +17.72% | -4.13% | -0.08B |
| 2025-09-30 | $10.61B | 8 | +3.10% | +17.52% | -14.42% | -0.07B |
| 2025-06-30 | $9.41B | 6 | -4.60% | +14.94% | -19.54% | -0.19B |
| 2025-03-31 | $9.71B | 6 | -8.13% | +8.30% | -16.43% | -0.21B |
| 2024-12-31 | $9.60B | 5 | -4.51% | +24.89% | -29.40% | -0.07B |
| 2024-09-30 | $10.87B | 2 | +1.05% | +36.04% | -34.99% | -0.07B |
| 2024-06-30 | $10.42B | 3 | -21.81% | +24.49% | -46.30% | -0.08B |
| 2024-03-31 | $11.03B | 5 | -3.90% | +29.62% | -33.52% | -0.32B |
| 2023-12-31 | $10.57B | 3 | +16.46% | +26.18% | -9.71% | -0.13B |
| 2023-09-30 | $11.36B | 7 | +18.54% | +21.57% | -3.03% | -0.16B |
| 2023-06-30 | $14.18B | 7 | +48.42% | +19.42% | +28.99% | -2.85B |
| 2023-03-31 | $14.55B | 6 | -4.82% | -7.82% | +3.00% | -2.98B |
| 2022-12-31 | $13.48B | 7 | -4.15% | +7.56% | -11.71% | +1.18B |
| 2022-09-30 | $12.84B | 14 | +1.74% | -4.93% | +6.67% | -0.09B |
| 2022-06-30 | $12.71B | 34 | -24.96% | -16.11% | -8.85% | +2.90B |