Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.79%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.80%
steady accumulation
Rally response
+4.68%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AAOIApplied Optoelectronics, | $199M | 5.9% | +451.1% | 3.8 yr |
| LITELumentum Holdings Inc. | $187M | 5.5% | +1027.3% | 2.3 yr |
| CRDOCredo Technology Group H | $96M | 2.8% | +133.7% | 2.3 yr |
| DOCNDigitalOcean Holdings, I | $80M | 2.3% | +156.9% | 1.8 yr |
| SNSharkNinja, Inc. | $64M | 1.9% | +27.0% | 2.3 yr |
| NVMINova Ltd. | $60M | 1.8% | +135.6% | 2.8 yr |
| DANDana Incorporated | $54M | 1.6% | +157.7% | 2.5 yr |
| BTSGBrightSpring Health Serv | $49M | 1.5% | +135.5% | 1.0 yr |
| MTSIMACOM Technology Solutio | $48M | 1.4% | +121.2% | 4.5 yr |
| RMBSRambus Inc. | $45M | 1.3% | +66.1% | 1.5 yr |
| CLHClean Harbors, Inc. | $41M | 1.2% | +45.5% | 5.8 yr |
| SITMSiTime Corporation | $41M | 1.2% | +125.9% | 1.3 yr |
| UCTTUltra Clean Holdings, In | $40M | 1.2% | +190.4% | 8.0 yr |
| ECGEverus Construction Grou | $39M | 1.1% | +218.3% | 1.0 yr |
| FTDRFrontdoor, Inc. | $38M | 1.1% | +37.6% | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors17.6%+8.2pp$597M
Communication Equipment9.7%+6.9pp$329M
Software - Application4.3%-5.6pp$145M
Biotechnology4.0%-2.6pp$137M
Software - Infrastructure3.9%-1.0pp$133M
Medical - Devices3.7%+2.6pp$124M
Industrial - Machinery3.3%-0.0pp$112M
Engineering & Construction3.3%+0.8pp$111M
Aerospace & Defense3.2%+1.0pp$107M
Medical - Healthcare Information Services2.9%-0.4pp$98M
Country
US91.7%+1.8pp
IL3.0%+0.4pp
CA1.0%+0.1pp
HK1.0%+0.4pp
Unknown0.8%-0.2pp
BM0.7%-0.6pp
GB0.6%+0.6pp
GG0.5%
Top 5: 18.5% · Top 10: 26.0% · Top 25: 41.8%
Top buys this quarter · 15
| CRDO Credo Technology Group Holding | +$96M |
| DAN Dana Incorporated | +$27M |
| AAOI Applied Optoelectronics, Inc. | +$26M |
| DRS Leonardo DRS, Inc.new | +$20M |
| INDV Indivior Pharmaceuticals Incnew | +$20M |
| CHYM Chime Financial, Inc. Class A new | +$19M |
| HNGE Hinge Health, Inc.new | +$18M |
| NVST Envista Holdings Corpnew | +$17M |
| SHAK Shake Shack Inc.new | +$17M |
| ARQT Arcutis Biotherapeutics, Inc. | +$13M |
Top sells this quarter · 15
| CARG CarGurus, Inc.exit | −$18M |
| AMBA Ambarella, Inc. | −$17M |
| SXT Sensient Technologies Corporatexit | −$16M |
| FRSH Freshworks Inc. | −$16M |
| ACIW ACI Worldwide, Inc.exit | −$14M |
| LITE Lumentum Holdings Inc. | −$104M |
| ACMR ACM Research, Inc. | −$9M |
| TPB Turning Point Brands, Inc.exit | −$9M |
| CVLT Commvault Systems, Inc.exit | −$9M |
| GDOT Green Dot Corporationexit | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.39B | 179 | +45.65% | +17.59% | +28.06% | +0.42B |
| 2025-12-31 | $2.73B | 178 | +21.09% | +17.72% | +3.37% | +0.03B |
| 2025-09-30 | $2.61B | 182 | +17.56% | +17.52% | +0.04% | +0.04B |
| 2025-06-30 | $2.30B | 184 | +17.85% | +14.94% | +2.91% | -0.03B |
| 2025-03-31 | $2.01B | 191 | +7.05% | +8.30% | -1.25% | +0.10B |
| 2024-12-31 | $2.12B | 195 | +26.38% | +24.89% | +1.49% | +0.16B |
| 2024-09-30 | $1.95B | 205 | +36.41% | +36.04% | +0.38% | +0.12B |
| 2024-06-30 | $1.63B | 195 | +15.61% | +24.49% | -8.88% | +0.17B |
| 2024-03-31 | $1.38B | 194 | +17.93% | +29.62% | -11.69% | +0.24B |
| 2023-12-31 | $1.07B | 190 | +29.63% | +26.18% | +3.45% | +0.05B |
| 2023-09-30 | $941M | 191 | +31.64% | +21.57% | +10.07% | +0.16B |
| 2023-06-30 | $823M | 182 | +33.36% | +19.42% | +13.93% | +0.13B |
| 2023-03-31 | $645M | 169 | -2.82% | -7.82% | +5.00% | +0.09B |
| 2022-12-31 | $470M | 163 | -20.69% | -18.17% | -2.52% | +0.00B |
| 2022-09-30 | $427M | 168 | -19.97% | -15.51% | -4.46% | +0.05B |
| 2022-06-30 | $395M | 159 | -16.39% | -10.62% | -5.77% | +0.00B |