Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 -12.3%
S&P 500 total return (same window) +37.0%
Excess return -49.3%

Annualized: -10.0% · S&P 500: +28.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 97.6% · Options excluded: 0.0%

Sector breakdown

04
Technology 63.7%
Retail 26.3%
Other/Unmapped 10.0%

Full portfolio 4 positions

05
Type Streak 8Q trend
TSM Taiwan Semiconductor Manufacturing Company Ltd. $39,065,226 63.70% 81,800 $12,218,478 Up ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $9,018,569 14.70% 93,963 $-16,645,654 Down ×4
MNSO MINISO Group Holding Limited American Depositary Shares, each representing four Ordinary Shares $7,094,862 11.57% 588,297 $-8,126,982 Down ×3
UVXY ProShares Ultra VIX Short Term Futures ETF $6,152,509 10.03% 247,188 $-6,775,423

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
BABA Trimmed -111K -$16.6M
TSM Bought more +2K +$12.2M
MNSO Trimmed -351K -$8.1M
UVXY Price move only +0 -$6.8M

Exited positions

11

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarterShares beforeValue beforePrice since exit
SNPS March 31, 2026 28,279 $13,283,212 23.6%
TAL Dec. 31, 2025 991,024 $11,099,469 10.5%
QFIN Dec. 31, 2025 352,013 $10,130,934 -66.5%
LX Dec. 31, 2025 1,711,539 $9,122,503 -79.1%
BIDU Dec. 31, 2025 42,272 $5,570,181 -35.5%
TUYA June 30, 2025 1,312,706 $3,977,499 -26.8%
UVXY (filed as UVXYXXXX) Sept. 30, 2025 131,309 $2,462,044 -67.5%
API Dec. 31, 2025 622,770 $2,378,981 0.2%
SY Dec. 31, 2025 490,702 $1,899,017 7.4%
CANG June 30, 2025 480,906 $1,822,634 10.1%
INTC June 30, 2025 77,080 $1,750,487 432.7%
ACMR June 30, 2025 43,650 $1,018,791 221.9%
TCOM Dec. 31, 2025 13,300 $1,000,160 -47.0%
VNET Sept. 30, 2025 90,660 $625,554 -50.3%