Institutional 13F · Context Only · Never a Buy List机构 13F · 仅供背景参考 · 非买入清单
Polen Capital Management
quality_growth
C
Reliability improving可靠性走强
leaderboard rank榜单排名 #36WATCH观察
Book持仓规模
$14.5B
long US listed only仅美股多头
Positions持仓数
221
96% resolved已解析
Top-10 concentration前十集中度
56%
% of book占组合%
Turnover换手
LOW
13.3% per quarter每季
Median excess中位超额
-19%
buys vs SPY, since filing买入相对SPY，自申报起 · n 372
Hit rate胜率
32%
share of buys beating SPY跑赢SPY的买入占比
Core lean — the 10-second read核心倾向 — 10秒速读
Core lean: AI Software & Platforms — added NOW, META (+7.2pp of book this quarter)核心倾向：AI 软件与平台 — 本季度加仓 NOW、META（占组合 +7.2pp）
AI Software & PlatformsAI 软件与平台
+7.2pp
19.7% of book held占组合持有
· 8 names标的
· AI & Technology
NOW
META
Technology (Equal-Weight)信息技术（等权）
+6.8pp
33.7% of book held占组合持有
· 15 names标的
· US Sectors (EW)
NOW
LRCX
Non-AI Software非AI软件
+5.3pp
5.3% of book held占组合持有
· 4 names标的
· Software
NOW
AI Agents & ApplicationsAI 智能体与应用
+5.3pp
5.3% of book held占组合持有
· 2 names标的
· Artificial Intelligence
NOW
Real Estate (Equal-Weight)房地产（等权）
+3.5pp
3.5% of book held占组合持有
· 1 names标的
· US Sectors (EW)
CSGP
Magnificent Seven七巨头
+1.9pp
19.8% of book held占组合持有
· 7 names标的
· AI & Technology
META
Descriptive read of the latest filing — themes clustered from curated baskets (Finviz fallback), added-pp = Σ % of book bought this quarter. Not a forecast.基于最新申报的描述性解读——主题按精选篮子聚类（Finviz 兜底），added-pp = 本季度买入占组合百分比之和。非预测。
Grade & excess history评级与超额历史
per-quarter buy cohorts, scored on public filing dates vs SPY — descriptive ranks in a curated survivor cohort按季度买入队列，以公开申报日为锚相对SPY评分——精选幸存者队列中的描述性排名Reliability可靠性: improving走强 · 12 scored quarters已评分季度 · 8% positive为正 · recent-4 median近4季中位 -9% vs all-time对全期 -35%
Median excess by quarter各季度中位超额: ▁▄▄▄▅▄▄▅▆▆▇█ (oldest → newest, shifted by the series minimum so negatives render由旧到新，按序列最小值平移以呈现负值)
| Quarter季度 | Buys买入数 | Median excess中位超额 | Hit胜率 | Median fwd 63d中位前瞻63日 |
|---|---|---|---|---|
| 2023-06-30 | 9 | -79% | 22% | -9% |
| 2023-09-30 | 15 | -44% | 13% | +9% |
| 2023-12-31 | 19 | -39% | 10% | -4% |
| 2024-03-31 | 18 | -37% | 17% | -10% |
| 2024-06-30 | 15 | -32% | 20% | -5% |
| 2024-09-30 | 22 | -41% | 18% | -6% |
| 2024-12-31 | 26 | -43% | 19% | -2% |
| 2025-03-31 | 21 | -29% | 33% | -2% |
| 2025-06-30 | 75 | -20% | 33% | -7% |
| 2025-09-30 | 54 | -13% | 30% | -4% |
| 2025-12-31 | 35 | -5% | 40% | -11% |
| 2026-03-31 | 63 | +1% | 54% | — |
Sector exposure & rotation行业配置与轮动
value-weighted, latest filing; QoQ deltas vs prior quarter按市值加权，最新申报；季度环比变化对上季Current weights当前权重 · 2026-03-31
Technology
41.7%
▼ -0.1pp
Financial
17.1%
▲ +0.7pp
Healthcare
14.6%
▼ -3.0pp
Consumer Cyclical
11.7%
▼ -1.1pp
Communication Services
8.3%
▲ +2.5pp
Real Estate
3.5%
▲ +2.1pp
Unclassified
2.2%
▼ -0.4pp
Industrials
0.7%
▼ -0.8pp
Energy
0.1%
▲ +0.1pp
Utilities
0.1%
▲ +0.0pp
Basic Materials
0.0%
▲ +0.0pp
Consumer Defensive
0.0%
▲ +0.0pp
Theme categories主题类别
AI & Technology 37.6%
US Sectors (EW) 28.4%
Financials 13.5%
Healthcare 5.8%
Consumer Cyclical 2.0%
Industrials 1.9%
Rotating into (QoQ)轮入（环比）
Communication Services +2.5pp
Real Estate +2.1pp
Financial +0.7pp
Rotating out of (QoQ)轮出（环比）
Healthcare -3.0pp
Consumer Cyclical -1.1pp
Industrials -0.8pp
Quarter history — top-3 sectors季度历史 — 前三大行业
| 2026-03-31 | Technology 42% · Financial 17% · Healthcare 15% |
| 2025-12-31 | Technology 42% · Healthcare 18% · Financial 16% |
| 2025-09-30 | Technology 45% · Financial 16% · Healthcare 15% |
| 2025-06-30 | Technology 37% · Financial 18% · Healthcare 18% |
| 2025-03-31 | Technology 33% · Financial 20% · Healthcare 20% |
| 2024-12-31 | Technology 38% · Healthcare 17% · Financial 15% |
| 2024-09-30 | Technology 39% · Healthcare 18% · Consumer Cyclical 16% |
| 2024-06-30 | Technology 33% · Consumer Cyclical 20% · Healthcare 18% |
| 2024-03-31 | Technology 34% · Consumer Cyclical 21% · Healthcare 19% |
| 2023-12-31 | Technology 39% · Consumer Cyclical 19% · Healthcare 15% |
| 2023-09-30 | Technology 34% · Consumer Cyclical 18% · Healthcare 18% |
| 2023-06-30 | Technology 34% · Consumer Cyclical 19% · Healthcare 16% |
Full book完整持仓
every resolved position as filed — click a column header to sort. Conviction is a descriptive composite, not a forecast.截至申报日的全部已解析持仓——点击列头排序。信念分为描述性综合指标，非预测。213 positions shown项持仓 · resolved已解析 213/221 (96%) · unresolved CUSIPs are excluded from this table but counted in book totals未解析CUSIP不列入本表，但计入组合总额
| #↕ | Ticker标的 ↕ | Company公司 ↕ | % book仓位% ↕ | Value金额 ↕ | Action动作 ↕ | Δ sharesΔ股数 ↕ | Add streak连加季数 ↕ | Conviction信念分 ↕ | Sector行业 ↕ | Themes主题 | Since filing自申报 ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |  MSFT |
Microsoft Corp | 7.3% | $1.1B | trim | -27% | — | 70 · HIGH | Technology | Magnificent Seven, AI Software & Platforms, Quantum Computing | -1% |
| 2 |  GOOG |
Alphabet Inc | 5.8% | $845M | trim | -27% | — | 70 · MODERATE | Communication Services | Communication Services (Equal-Weight) | -11% |
| 3 |  LLY |
Eli Lilly & Co | 5.8% | $841M | trim | -27% | — | 70 · MODERATE | Healthcare | GLP-1 & Obesity, Health Care (Equal-Weight) | +15% |
| 4 |  AVGO |
Broadcom Inc | 5.8% | $835M | trim | -24% | — | 70 · MODERATE | Technology | AI Infrastructure, AI Semiconductors, Technology (Equal-Weight) | -13% |
| 5 |  AMZN |
Amazon Com Inc | 5.6% | $812M | trim | -55% | — | 69 · MODERATE | Consumer Cyclical | Magnificent Seven, Consumer Discretionary (Equal-Weight) | -6% |
| 6 |  MA |
Mastercard Incorporated | 5.3% | $770M | trim | -28% | — | 69 · MODERATE | Financial | Payments & Fintech, Financials (Equal-Weight) | +13% |
| 7 | NOW |
Servicenow Inc | 5.3% | $760M | add | +28% | 2q | 79 · HIGH | Technology | AI Software & Platforms, Non-AI Software, AI Agents & Applications | +16% |
| 8 |  SHOP |
Shopify Inc | 5.2% | $748M | trim | -12% | — | 69 · MODERATE | Technology | H-SaaS, E-Commerce, H-SaaS | — |
| 9 |  V |
Visa Inc | 5.1% | $739M | trim | -28% | — | 69 · MODERATE | Financial | Payments & Fintech, Financials (Equal-Weight) | +13% |
| 10 |  ORCL |
Oracle Corp | 5.1% | $739M | trim | -30% | — | 69 · MODERATE | Technology | AI Software & Platforms, Technology (Equal-Weight) | -37% |
| 11 |  NVDA |
Nvidia Corporation | 5.0% | $716M | trim | -23% | — | 53 · MODERATE | Technology | Magnificent Seven, AI Infrastructure, AI Semiconductors | -13% |
| 12 | CSGP |
Costar Group Inc | 3.5% | $507M | add | +157% | 1q | 58 · MODERATE | Real Estate | Real Estate (Equal-Weight) | -6% |
| 13 |  MSCI |
Msci Inc | 3.5% | $501M | trim | -30% | — | 53 · MODERATE | Financial | Financials (Equal-Weight) | +11% |
| 14 |  ZTS |
Zoetis Inc | 3.5% | $499M | trim | -24% | — | 53 · MODERATE | Healthcare | Health Care (Equal-Weight) | +2% |
| 15 |  SBUX |
Starbucks Corp | 3.1% | $453M | trim | -26% | — | 53 · MODERATE | Consumer Cyclical | Consumer Discretionary (Equal-Weight) | -0% |
| 16 |  AON |
Aon Plc | 3.0% | $437M | trim | -27% | — | 52 · MODERATE | Financial | Insurance & Brokers, Financials (Equal-Weight) | +16% |
| 17 |  IDXX |
Idexx Labs Inc | 2.7% | $391M | trim | -28% | — | 52 · MODERATE | Healthcare | Health Care (Equal-Weight) | +7% |
| 18 |  ABNB |
Airbnb Inc | 2.0% | $287M | trim | -25% | — | 52 · MODERATE | Consumer Cyclical | Travel & Experiences, Consumer Discretionary (Equal-Weight) | +9% |
| 19 |  ISRG |
Intuitive Surgical Inc | 1.9% | $280M | trim | -28% | — | 52 · MODERATE | Healthcare | Robotics & Automation, Health Care (Equal-Weight) | -17% |
| 20 | META |
Meta Platforms Inc | 1.9% | $273M | new | — | 1q | 57 · MODERATE | Communication Services | Magnificent Seven, AI Software & Platforms, Communication Services (Equal-Weight) | +5% |
| 21 |  ACN |
Accenture Plc Ireland | 1.9% | $269M | trim | -28% | — | 52 · MODERATE | Technology | Technology (Equal-Weight) | -11% |
| 22 |  SNPS |
Synopsys Inc | 1.8% | $266M | trim | -21% | — | 52 · MODERATE | Technology | Technology (Equal-Weight) | -25% |
| 23 | LRCX |
Lam Research Corp | 1.6% | $225M | new | — | 1q | 46 · MODERATE | Technology | AI Infrastructure, Semiconductor Equipment (WFE), Technology (Equal-Weight) | +3% |
| 24 |  UBER |
Uber Technologies Inc | 1.4% | $210M | trim | -18% | — | 51 · MODERATE | Technology | Industrials (Equal-Weight) | -3% |
| 25 |  IWF |
Ishares Tr | 1.2% | $173M | trim | -48% | — | 51 · MODERATE | — | — | -4% |
| 26 |  ROL |
Rollins Inc | 0.8% | $116M | new | — | 1q | 46 · MODERATE | Consumer Cyclical | Industrials (Equal-Weight) | -15% |
| 27 |  MELI |
Mercadolibre Inc | 0.4% | $60M | trim | -28% | — | 41 · LOW | Technology | E-Commerce, Marketplaces | +15% |
| 28 |  TSM |
Taiwan Semiconductor Manufac | 0.4% | $59M | trim | -13% | — | 41 · LOW | Technology | Compute, Compute, Foundries | -3% |
| 29 |  SPOT |
Spotify Technology S A | 0.4% | $52M | add | +50% | 2q | 50 · MODERATE | Communication Services | Music | +15% |
| 30 |  ACWI |
Ishares Tr | 0.3% | $42M | trim | -50% | — | 40 · LOW | — | — | — |
| 31 |  BSX |
Boston Scientific Corp | 0.2% | $36M | trim | -86% | — | 40 · LOW | Healthcare | Health Care (Equal-Weight) | -17% |
| 32 |  SAP |
Sap Se | 0.1% | $11M | trim | -71% | — | 40 · LOW | Technology | Data, Enterprise, Enterprise | — |
| 33 |  AGX |
Argan Inc | 0.1% | $10M | trim | -28% | — | 40 · LOW | Industrials | — | -18% |
| 34 |  POWL |
Powell Inds Inc | 0.1% | $9M | trim | -14% | — | 40 · LOW | Industrials | Power & Grid Buildout, Data-Center Power & Cooling | -22% |
| 35 |  BE |
Bloom Energy Corp | 0.1% | $9M | trim | -31% | — | 39 · LOW | Utilities | Hydrogen | — |
| 36 |  INTU |
Intuit | 0.1% | $9M | trim | -96% | — | 39 · LOW | Technology | AI Software & Platforms, Non-AI Software, Technology (Equal-Weight) | -22% |
| 37 |  BELFB |
Bel Fuse Inc | 0.1% | $9M | add | +92% | 2q | 49 · MODERATE | Technology | — | — |
| 38 |  CECO |
Ceco Environmental Corp | 0.1% | $9M | add | +105% | 4q | 59 · MODERATE | Industrials | Air Quality | — |
| 39 |  DOCN |
Digitalocean Hldgs Inc | 0.1% | $8M | new | — | 1q | 34 · LOW | Technology | PaaS | -24% |
| 40 |  GOOGL |
Alphabet Inc | 0.1% | $8M | hold | -9% | — | 39 · LOW | Communication Services | Magnificent Seven, AI Software & Platforms, Quantum Computing | -11% |
| 41 |  NFLX |
Netflix Inc. | 0.1% | $8M | trim | -52% | — | 39 · LOW | Communication Services | Communication Services (Equal-Weight) | -21% |
| 42 |  BWXT |
Bwx Technologies Inc | 0.1% | $8M | trim | -15% | — | 38 · LOW | Industrials | Power & Grid Buildout, Nuclear & SMR Power | -19% |
| 43 |  VSEC |
Vse Corp | 0.1% | $8M | add | +22% | 1q | 43 · LOW | Industrials | — | +9% |
| 44 |  AMPX |
Amprius Technologies Inc | 0.1% | $7M | add | +46% | 1q | 43 · LOW | Industrials | — | — |
| 45 |  YOU |
Clear Secure Inc | 0.1% | $7M | add | +271% | 3q | 53 · MODERATE | Technology | Identity | +1% |
| 46 |  VUG |
Vanguard Index Fds | 0.1% | $7M | trim | -52% | — | 38 · LOW | — | — | — |
| 47 |  FSLY |
Fastly Inc | 0.1% | $7M | new | — | 1q | 33 · LOW | Technology | Serverless, Edge, Infrastructure | — |
| 48 |  MOD |
Modine Mfg Co | 0.0% | $6M | add | +103% | 1q | 42 · LOW | Technology | Data Centers | — |
| 49 |  PL |
Planet Labs Pbc | 0.0% | $6M | add | +92% | 2q | 47 · MODERATE | Industrials | Space Economy | -48% |
| 50 |  DLO |
Dlocal Ltd | 0.0% | $6M | hold | -2% | — | 37 · LOW | Technology | Payments | — |
| 51 |  BKD |
Brookdale Sr Living Inc | 0.0% | $6M | add | +110% | 4q | 57 · MODERATE | Healthcare | Senior Living | — |
| 52 |  IESC |
Ies Holdings Inc | 0.0% | $6M | hold | +9% | — | 37 · LOW | — | — | — |
| 53 |  SPHR |
Sphere Entertainment Co | 0.0% | $6M | add | +103% | 2q | 47 · MODERATE | Communication Services | — | +3% |
| 54 |  WTW |
Willis Towers Watson Plc Ltd | 0.0% | $6M | trim | -29% | — | 37 · LOW | Financial | Insurance & Brokers, Financials (Equal-Weight) | +19% |
| 55 |  MCHI |
Ishares Tr | 0.0% | $5M | new | — | 1q | 32 · LOW | — | — | -5% |
| 56 |  MDT |
Medtronic Plc | 0.0% | $5M | trim | -28% | — | 37 · LOW | Healthcare | Health Care (Equal-Weight) | +10% |
| 57 |  EWT |
Ishares Inc | 0.0% | $5M | new | — | 1q | 32 · LOW | — | — | +1% |
| 58 |  LASR |
Nlight Inc | 0.0% | $5M | add | +46% | 4q | 57 · MODERATE | Technology | — | — |
| 59 |  WGS |
Genedx Holdings Corp | 0.0% | $5M | add | +29% | 1q | 40 · LOW | Healthcare | — | — |
| 60 |  CRS |
Carpenter Technology Corp | 0.0% | $5M | add | +105% | 1q | 40 · LOW | Industrials | 3D Printing, Manufacturing | +30% |
| 61 |  SEI |
Solaris Energy Infras Inc | 0.0% | $5M | add | +193% | 2q | 46 · MODERATE | Energy | — | — |
| 62 |  BW |
Babcock & Wilcox Enterprises | 0.0% | $4M | add | +122% | 2q | 46 · MODERATE | Industrials | — | — |
| 63 |  TME |
Tencent Music Entmt Group | 0.0% | $4M | hold | -0% | — | 36 · LOW | Communication Services | Music | +7% |
| 64 |  PAYC |
Paycom Software Inc | 0.0% | $4M | trim | -98% | — | 36 · LOW | Industrials | — | +13% |
| 65 |  FIGR |
Figure Technology Solutio | 0.0% | $4M | add | +725% | 2q | 44 · LOW | — | — | — |
| 66 |  KRMN |
Karman Hldgs Inc | 0.0% | $4M | add | +583% | 2q | 44 · LOW | — | Space Economy | -31% |
| 67 |  BBIO |
Bridgebio Pharma Inc | 0.0% | $3M | add | +20% | 1q | 40 · LOW | Healthcare | — | +17% |
| 68 |  PRAX |
Praxis Precision Medicines I | 0.0% | $3M | new | — | 1q | 30 · LOW | Healthcare | — | — |
| 69 |  GH |
Guardant Health Inc | 0.0% | $3M | add | +77% | 4q | 54 · MODERATE | Healthcare | Oncology, Diagnostics, Genomics | +51% |
| 70 |  IBN |
Icici Bank Limited | 0.0% | $3M | hold | -5% | — | 34 · LOW | — | — | — |
| 71 |  AEHR |
Aehr Test Sys | 0.0% | $3M | add | +164% | 4q | 54 · MODERATE | Technology | — | — |
| 72 |  ROAD |
Construction Partners Inc | 0.0% | $3M | add | +148% | 1q | 40 · LOW | Industrials | — | — |
| 73 |  ADBE |
Adobe Inc | 0.0% | $3M | trim | -99% | — | 34 · LOW | Technology | AI Software & Platforms, Non-AI Software, Technology (Equal-Weight) | -0% |
| 74 |  ATRO |
Astronics Corp | 0.0% | $3M | trim | -21% | — | 34 · LOW | Industrials | — | — |
| 75 |  AXTI |
Axt Inc | 0.0% | $3M | add | +122% | 2q | 44 · LOW | Technology | — | — |
| 76 |  TSLA |
Tesla Inc | 0.0% | $3M | hold | -10% | — | 34 · LOW | Consumer Cyclical | Magnificent Seven, Consumer Discretionary (Equal-Weight) | -16% |
| 77 |  SE |
Sea Ltd | 0.0% | $3M | trim | -23% | — | 34 · LOW | Communication Services | — | +20% |
| 78 |  W |
Wayfair Inc | 0.0% | $3M | add | +31% | 1q | 40 · LOW | Consumer Cyclical | Household | +43% |
| 79 |  VCTR |
Victory Cap Hldgs Inc Del | 0.0% | $3M | add | +258% | 1q | 40 · LOW | Financial | — | +13% |
| 80 |  PTGX |
Protagonist Therapeutics Inc | 0.0% | $3M | add | +20% | 1q | 40 · LOW | Healthcare | — | +28% |
| 81 |  SRRK |
Scholar Rock Hldg Corp | 0.0% | $3M | add | +139% | 3q | 50 · MODERATE | Healthcare | GLP-1 & Obesity | -0% |
| 82 |  SITM |
Sitime Corp | 0.0% | $2M | new | — | 1q | 40 · LOW | Technology | — | -32% |
| 83 |  SPY |
State Str Spdr S&p 500 Etf T | 0.0% | $2M | trim | -44% | — | 34 · LOW | — | — | +0% |
| 84 |  JOBY |
Joby Aviation Inc | 0.0% | $2M | add | +18% | 1q | 40 · LOW | Industrials | Air Travel, Next-Gen | -29% |
| 85 |  OPY |
Oppenheimer Hldgs Inc | 0.0% | $2M | add | +65% | 1q | 40 · LOW | — | — | — |
| 86 |  FTI |
Technipfmc Plc | 0.0% | $2M | hold | -4% | — | 34 · LOW | Energy | Oil Services | -0% |
| 87 |  CVNA |
Carvana Co | 0.0% | $2M | trim | -18% | — | 34 · LOW | Consumer Cyclical | Consumer Discretionary (Equal-Weight) | -7% |
| 88 |  VICR |
Vicor Corp | 0.0% | $2M | new | — | 1q | 30 · LOW | Industrials | — | -20% |
| 89 |  RHLD |
Resolute Hldgs Mgmt Inc | 0.0% | $2M | trim | -35% | — | 34 · LOW | Industrials | — | — |
| 90 |  ASTE |
Astec Inds Inc | 0.0% | $2M | add | +84% | 4q | 54 · MODERATE | Industrials | — | +9% |
| 91 |  CCJ |
Cameco Corp | 0.0% | $2M | trim | -28% | — | 34 · LOW | Energy | Uranium & Nuclear Fuel | -24% |
| 92 |  PRLB |
Proto Labs Inc | 0.0% | $2M | add | +806% | 2q | 40 · LOW | Industrials | 3D Printing | +7% |
| 93 |  KTOS |
Kratos Defense & Sec Solutio | 0.0% | $2M | add | +49% | 1q | 35 · LOW | Industrials | Defense & Aerospace, Space Economy | -15% |
| 94 |  REAL |
The Realreal Inc | 0.0% | $2M | add | +27% | 3q | 45 · MODERATE | Consumer Cyclical | Secondhand, Luxury, Secondhand | — |
| 95 |  IRMD |
Iradimed Corp | 0.0% | $2M | trim | -23% | — | 30 · LOW | Healthcare | — | — |
| 96 |  PLPC |
Preformed Line Prods Co | 0.0% | $2M | add | +30% | 1q | 35 · LOW | Industrials | — | — |
| 97 |  CELC |
Celcuity Inc | 0.0% | $2M | add | +269% | 2q | 40 · LOW | Healthcare | — | — |
| 98 |  MIRM |
Mirum Pharmaceuticals Inc | 0.0% | $2M | add | +54% | 1q | 35 · LOW | Healthcare | — | — |
| 99 |  ERO |
Ero Copper Corp | 0.0% | $2M | add | +54% | 2q | 40 · LOW | Basic Materials | Industrial | — |
| 100 |  METC |
Ramaco Res Inc | 0.0% | $2M | add | +35% | 1q | 35 · LOW | Basic Materials | Thermal | — |
| 101 |  AZZ |
Azz Inc | 0.0% | $2M | new | — | 1q | 25 · LOW | Industrials | — | +1% |
| 102 |  FIGS |
Figs Inc | 0.0% | $2M | add | +149% | 2q | 40 · LOW | Consumer Cyclical | — | — |
| 103 |  AIR |
Aar Corp | 0.0% | $2M | new | — | 1q | 25 · LOW | Industrials | — | +26% |
| 104 |  LIND |
Lindblad Expeditions Hldgs I | 0.0% | $2M | new | — | 1q | 25 · LOW | Consumer Cyclical | — | — |
| 105 |  ACWX |
Ishares Tr | 0.0% | $2M | trim | -80% | — | 30 · LOW | — | — | — |
| 106 |  LFUS |
Littelfuse Inc | 0.0% | $2M | new | — | 1q | 25 · LOW | Technology | — | -12% |
| 107 |  SHAK |
Shake Shack Inc | 0.0% | $2M | new | — | 1q | 35 · LOW | Consumer Cyclical | — | -7% |
| 108 |  BFLY |
Butterfly Network Inc | 0.0% | $2M | trim | -14% | — | 30 · LOW | Healthcare | — | — |
| 109 |  SOFI |
Sofi Technologies Inc | 0.0% | $2M | trim | -35% | — | 30 · LOW | Financial | Payments & Fintech | +7% |
| 110 |  ADPT |
Adaptive Biotechnologies Cor | 0.0% | $2M | trim | -64% | — | 30 · LOW | Healthcare | — | — |
| 111 |  WT |
Wisdomtree Inc | 0.0% | $2M | new | — | 1q | 25 · LOW | Financial | Tokenization | +3% |
| 112 |  KOD |
Kodiak Sciences Inc | 0.0% | $2M | hold | +0% | — | 30 · LOW | Healthcare | — | — |
| 113 |  ABT |
Abbott Laboratories | 0.0% | $2M | trim | -100% | — | 30 · LOW | Healthcare | Health Care (Equal-Weight) | +21% |
| 114 |  WULF |
Terawulf Inc | 0.0% | $2M | new | — | 1q | 25 · LOW | Financial | AI Neoclouds & HPC Hosting | -21% |
| 115 |  IRS |
Irsa Inversiones Y Rep S A | 0.0% | $2M | hold | -8% | — | 30 · LOW | — | — | — |
| 116 |  RKLB |
Rocket Lab Corp | 0.0% | $2M | add | +54% | 2q | 40 · LOW | Industrials | Defense & Aerospace, Space Economy | -50% |
| 117 |  CATH |
Global X Fds | 0.0% | $1M | trim | -32% | — | 30 · LOW | — | — | — |
| 118 |  AX |
Axos Financial Inc | 0.0% | $1M | add | +53% | 3q | 45 · MODERATE | Financial | — | +18% |
| 119 |  TSHA |
Taysha Gene Therapies Inc | 0.0% | $1M | add | +104% | 2q | 40 · LOW | Healthcare | — | — |
| 120 |  GHM |
Graham Corp | 0.0% | $1M | add | +186% | 2q | 40 · LOW | Industrials | — | — |
| 121 |  ESTA |
Establishment Labs Hldgs Inc | 0.0% | $1M | add | +39% | 2q | 40 · LOW | Healthcare | — | — |
| 122 |  NXE |
Nexgen Energy Ltd | 0.0% | $1M | new | — | 1q | 35 · LOW | Energy | Uranium & Nuclear Fuel | -26% |
| 123 |  OUT |
Outfront Media Inc | 0.0% | $1M | new | — | 1q | 25 · LOW | Real Estate | — | +1% |
| 124 |  CAKE |
Cheesecake Factory Inc | 0.0% | $1M | new | — | 1q | 35 · LOW | Consumer Cyclical | — | +49% |
| 125 |  NUVL |
Nuvalent Inc | 0.0% | $1M | add | +100% | 2q | 40 · LOW | Healthcare | — | — |
| 126 |  AAOI |
Applied Optoelectronics Inc | 0.0% | $1M | new | — | 1q | 25 · LOW | — | — | — |
| 127 |  ESQ |
Esquire Finl Hldgs Inc | 0.0% | $1M | hold | +0% | — | 30 · LOW | Financial | — | — |
| 128 |  DNLI |
Denali Therapeutics Inc | 0.0% | $1M | add | +143% | 2q | 40 · LOW | Healthcare | — | — |
| 129 |  CRCL |
Circle Internet Group Inc | 0.0% | $1M | new | — | 1q | 25 · LOW | — | Payments & Fintech, Crypto & Digital Assets | -46% |
| 130 |  IONQ |
Ionq Inc | 0.0% | $1M | new | — | 1q | 25 · LOW | Technology | Quantum Computing | -40% |
| 131 |  IE |
Ivanhoe Electric Inc | 0.0% | $1M | trim | -38% | — | 30 · LOW | Basic Materials | — | — |
| 132 |  TWST |
Twist Bioscience Corp | 0.0% | $1M | new | — | 1q | 25 · LOW | Healthcare | Genomics | — |
| 133 |  SGOV |
Ishares Tr | 0.0% | $1M | add | +127% | 1q | 35 · LOW | — | — | — |
| 134 |  LTH |
Life Time Group Holdings Inc | 0.0% | $1M | add | +321% | 1q | 35 · LOW | Consumer Cyclical | — | +27% |
| 135 |  SION |
Sionna Therapeutics Inc | 0.0% | $1M | trim | -14% | — | 30 · LOW | Healthcare | — | — |
| 136 |  VPG |
Vishay Precision Group Inc | 0.0% | $1M | new | — | 1q | 25 · LOW | Technology | — | — |
| 137 |  STRL |
Sterling Infrastructure Inc | 0.0% | $1M | add | +31% | 1q | 35 · LOW | Industrials | — | -26% |
| 138 |  CPF |
Central Pac Finl Corp | 0.0% | $1M | add | +46% | 2q | 40 · LOW | Financial | — | +15% |
| 139 |  AAPL |
Apple Inc | 0.0% | $1M | trim | -48% | — | 30 · LOW | Technology | Magnificent Seven, Technology (Equal-Weight) | +10% |
| 140 |  FN |
Fabrinet | 0.0% | $1M | new | — | 1q | 35 · LOW | Technology | — | -33% |
| 141 |  MAMA |
Mamas Creations Inc | 0.0% | $1M | add | +98% | 2q | 40 · LOW | Consumer Defensive | — | — |
| 142 |  XMTR |
Xometry Inc | 0.0% | $1M | add | +10% | 2q | 40 · LOW | Industrials | 3D Printing | — |
| 143 |  FLR |
Fluor Corp | 0.0% | $980163 | new | — | 1q | 25 · LOW | Industrials | — | +10% |
| 144 |  CALY |
Callaway Golf Co | 0.0% | $977582 | new | — | 1q | 35 · LOW | Consumer Cyclical | — | +25% |
| 145 |  WINA |
Winmark Corp | 0.0% | $976097 | add | +166% | 2q | 40 · LOW | Consumer Cyclical | — | +6% |
| 146 |  OPLN |
Openlane Inc | 0.0% | $972473 | trim | -28% | — | 30 · LOW | Industrials | — | +9% |
| 147 |  ADTN |
Adtran Holdings Inc | 0.0% | $952155 | new | — | 1q | 25 · LOW | Technology | Telecom | — |
| 148 |  FROG |
Jfrog Ltd | 0.0% | $949863 | add | +105% | 2q | 40 · LOW | Technology | DevOps, DevOps | — |
| 149 |  HCI |
Hci Group Inc | 0.0% | $944049 | trim | -66% | — | 30 · LOW | Financial | — | +16% |
| 150 |  LRN |
Stride Inc | 0.0% | $932045 | new | — | 1q | 35 · LOW | Consumer Cyclical | Platforms, Workforce, Curriculum | -2% |
| 151 |  KTB |
Kontoor Brands Inc | 0.0% | $927266 | new | — | 1q | 25 · LOW | Consumer Cyclical | — | +33% |
| 152 |  VT |
Vanguard Intl Equity Index F | 0.0% | $912950 | trim | -80% | — | 30 · LOW | — | — | — |
| 153 |  GRBK |
Green Brick Partners Inc | 0.0% | $849709 | add | +102% | 2q | 40 · LOW | Consumer Cyclical | — | +11% |
| 154 |  ARLO |
Arlo Technologies Inc | 0.0% | $834931 | new | — | 1q | 35 · LOW | Technology | Devices, Security | +5% |
| 155 |  CW |
Curtiss Wright Corp | 0.0% | $811895 | hold | -2% | — | 30 · LOW | Industrials | Defense & Aerospace | -5% |
| 156 |  APEI |
American Pub Ed Inc | 0.0% | $803259 | hold | +0% | — | 30 · LOW | Consumer Defensive | — | — |
| 157 |  LPTH |
Lightpath Technologies Inc | 0.0% | $792922 | new | — | 1q | 25 · LOW | Technology | — | — |
| 158 |  BKSY |
Blacksky Technology Inc | 0.0% | $770953 | new | — | 1q | 25 · LOW | Industrials | Space Economy | -48% |
| 159 |  ETON |
Eton Pharmaceuticals Inc | 0.0% | $743806 | new | — | 1q | 25 · LOW | Healthcare | — | — |
| 160 |  TMDX |
Transmedics Group Inc | 0.0% | $737821 | trim | -32% | — | 30 · LOW | Healthcare | — | +19% |
| 161 |  FLY |
Firefly Aerospace Inc | 0.0% | $725957 | new | — | 1q | 25 · LOW | Industrials | Space Economy | -53% |
| 162 |  DAVE |
Dave Inc | 0.0% | $673554 | trim | -67% | — | 18 · LOW | Financial | Neobanks | +88% |
| 163 |  OFRM |
Once Upon A Farm Pbc | 0.0% | $664317 | new | — | 1q | 14 · LOW | Consumer Defensive | — | — |
| 164 |  HDB |
Hdfc Bank Ltd | 0.0% | $595289 | trim | -94% | — | 18 · LOW | — | — | — |
| 165 |  VELO |
Velo3d Inc | 0.0% | $576856 | add | +54% | 2q | 28 · LOW | Technology | — | — |
| 166 |  GPGI |
Gpgi Inc | 0.0% | $571243 | hold | +0% | — | 18 · LOW | Industrials | — | — |
| 167 |  BETR |
Better Home & Finance Holdin | 0.0% | $568460 | new | — | 1q | 14 · LOW | Financial | — | — |
| 168 |  ASPI |
Asp Isotopes Inc | 0.0% | $543527 | trim | -12% | — | 18 · LOW | Basic Materials | Uranium & Nuclear Fuel | -35% |
| 169 |  EMBJ |
Embraer S.a. | 0.0% | $542249 | add | +15% | 1q | 24 · LOW | Healthcare | — | — |
| 170 |  ORN |
Orion Group Hldgs Inc | 0.0% | $536989 | new | — | 1q | 14 · LOW | Industrials | — | — |
| 171 |  LMND |
Lemonade Inc | 0.0% | $515167 | new | — | 1q | 14 · LOW | Financial | Insurance | — |
| 172 |  SMTC |
Semtech Corp | 0.0% | $503860 | new | — | 1q | 14 · LOW | Technology | Edge Devices, Networking | -8% |
| 173 |  ANIP |
Ani Pharmaceuticals Inc | 0.0% | $492852 | new | — | 1q | 14 · LOW | Healthcare | — | -2% |
| 174 |  8TG |
Thermon Group Hldgs Inc | 0.0% | $477086 | new | — | 1q | 14 · LOW | — | — | — |
| 175 |  FTK |
Flotek Industries Inc | 0.0% | $469085 | new | — | 1q | 14 · LOW | Energy | — | — |
| 176 |  MTW |
Manitowoc Co Inc | 0.0% | $464590 | new | — | 1q | 14 · LOW | Industrials | — | — |
| 177 |  MIR |
Mirion Technologies Inc | 0.0% | $463281 | trim | -69% | — | 18 · LOW | Technology | — | -16% |
| 178 |  ASNDUSD |
Ascendis Pharma A/s | 0.0% | $414459 | add | +50% | 1q | 24 · LOW | Healthcare | — | — |
| 179 |  CCO |
Clear Channel Outdoor Hldgs | 0.0% | $414058 | add | +82% | 2q | 28 · LOW | Communication Services | — | — |
| 180 |  VECO |
Veeco Instrs Inc Del | 0.0% | $407268 | new | — | 1q | 14 · LOW | Technology | Semiconductor Equipment (WFE) | -14% |
| 181 |  DLX |
Deluxe Corp Medium Term Nts | 0.0% | $389884 | new | — | 1q | 14 · LOW | Industrials | — | +15% |
| 182 |  ANNX |
Annexon Inc | 0.0% | $388642 | new | — | 1q | 14 · LOW | Healthcare | — | — |
| 183 |  MLKN |
Millerknoll Inc | 0.0% | $380370 | new | — | 1q | 14 · LOW | Industrials | — | +47% |
| 184 |  PAHC |
Phibro Animal Health Corp | 0.0% | $374725 | new | — | 1q | 14 · LOW | Healthcare | — | -7% |
| 185 |  ANRO |
Alto Neuroscience Inc | 0.0% | $373460 | new | — | 1q | 14 · LOW | Healthcare | — | — |
| 186 |  CEPU |
Central Puerto S A | 0.0% | $372280 | new | — | 1q | 14 · LOW | — | — | — |
| 187 |  AXSM |
Axsome Therapeutics Inc. | 0.0% | $357646 | new | — | 1q | 24 · LOW | — | — | — |
| 188 |  MITK |
Mitek Sys Inc | 0.0% | $357008 | new | — | 1q | 14 · LOW | Technology | Software, Identity, Gov & Defense | — |
| 189 |  VTOL |
Bristow Group Inc | 0.0% | $350878 | new | — | 1q | 14 · LOW | Energy | — | +5% |
| 190 |  SKYT |
Skywater Technology Inc | 0.0% | $348518 | new | — | 1q | 14 · LOW | Technology | — | — |
| 191 |  DNTH |
Dianthus Therapeutics Inc | 0.0% | $345666 | new | — | 1q | 14 · LOW | Healthcare | — | — |
| 192 |  TWLO |
Twilio Inc | 0.0% | $340721 | trim | -11% | — | 18 · LOW | Technology | PaaS, CRM, Collaboration | +4% |
| 193 |  AA |
Alcoa Corp | 0.0% | $329992 | new | — | 1q | 14 · LOW | Basic Materials | Industrial | -33% |
| 194 |  PURR |
Hyperliquid Strategies Inc | 0.0% | $315621 | new | — | 1q | 14 · LOW | Financial | — | — |
| 195 |  SES |
Ses Ai Corporation | 0.0% | $308101 | hold | -5% | — | 18 · LOW | Consumer Cyclical | Batteries | — |
| 196 |  MLI |
Mueller Inds Inc | 0.0% | $306805 | hold | +2% | — | 18 · LOW | Industrials | — | -14% |
| 197 |  SNDK |
Sandisk Corp | 0.0% | $287809 | trim | -76% | — | 18 · LOW | Technology | Memory, HBM & Storage, Technology (Equal-Weight) | +1% |
| 198 |  SN |
Sharkninja Inc | 0.0% | $263797 | new | — | 1q | 14 · LOW | Consumer Cyclical | Household | +44% |
| 199 |  NTRA |
Natera Inc | 0.0% | $253787 | hold | -8% | — | 18 · LOW | Healthcare | Diagnostics | — |
| 200 |  FSLR |
First Solar Inc | 0.0% | $251507 | trim | -85% | — | 18 · LOW | Technology | Technology (Equal-Weight) | -11% |
| 201 |  IT |
Gartner Inc | 0.0% | $245280 | trim | -82% | — | 18 · LOW | Technology | Technology (Equal-Weight) | +1% |
| 202 |  VIST |
Vista Energy S.a.b. De C.v. | 0.0% | $242561 | new | — | 1q | 24 · LOW | — | — | — |
| 203 |  MTSI |
Macom Tech Solutions Hldgs I | 0.0% | $236060 | new | — | 1q | 14 · LOW | Technology | — | -29% |
| 204 |  SMR |
Nuscale Pwr Corp | 0.0% | $230307 | trim | -67% | — | 18 · LOW | Industrials | Power & Grid Buildout, Nuclear & SMR Power | -33% |
| 205 |  CRM |
Salesforce Inc | 0.0% | $226859 | trim | -53% | — | 18 · LOW | Technology | AI Software & Platforms, Non-AI Software, AI Agents & Applications | +5% |
| 206 |  AFRM |
Affirm Hldgs Inc | 0.0% | $218241 | trim | -86% | — | 18 · LOW | Financial | Payments & Fintech | +12% |
| 207 |  TLN |
Talen Energy Corp | 0.0% | $217715 | trim | -49% | — | 18 · LOW | Utilities | Power & Grid Buildout, Nuclear & SMR Power | +3% |
| 208 |  BIL |
Spdr Series Trust | 0.0% | $209489 | new | — | 1q | 24 · LOW | — | — | — |
| 209 |  QXO |
Qxo Inc | 0.0% | $207639 | new | — | 1q | 14 · LOW | — | — | — |
| 210 |  GGAL |
Grupo Financiero Galicia S.a | 0.0% | $204963 | trim | -80% | — | 18 · LOW | — | — | — |
| 211 |  LOCO |
El Pollo Loco Hldgs Inc | 0.0% | $182010 | new | — | 1q | 14 · LOW | Consumer Cyclical | — | — |
| 212 |  NAUT |
Nautilus Biotechnology Inc | 0.0% | $156539 | new | — | 1q | 14 · LOW | Healthcare | — | — |
| 213 |  OPEN |
Opendoor Technologies Inc | 0.0% | $81778 | new | — | 1q | 14 · LOW | Real Estate | — | — |
Rotation detail轮动明细
this filing cycle, uncapped — adds/new and trims from the resolved book, exits from the rotation feed本申报周期，不设上限——新建/加仓与减持取自已解析持仓，清仓取自轮动数据Rotated into轮入 (127)
| NOW add |
5.3% | +16% |
| CSGP add |
3.5% | -6% |
| META new |
1.9% | +5% |
| LRCX new |
1.6% | +3% |
| ROL new |
0.8% | -15% |
| SPOT add |
0.4% | +15% |
| BELFB add |
0.1% | — |
| CECO add |
0.1% | — |
| DOCN new |
0.1% | -24% |
| VSEC add |
0.1% | +9% |
| AMPX add |
0.1% | — |
| YOU add |
0.1% | +1% |
| FSLY new |
0.1% | — |
| MOD add |
0.0% | — |
| PL add |
0.0% | -48% |
| BKD add |
0.0% | — |
| SPHR add |
0.0% | +3% |
| MCHI new |
0.0% | -5% |
| EWT new |
0.0% | +1% |
| LASR add |
0.0% | — |
| WGS add |
0.0% | — |
| CRS add |
0.0% | +30% |
| SEI add |
0.0% | — |
| BW add |
0.0% | — |
| FIGR add |
0.0% | — |
| KRMN add |
0.0% | -31% |
| BBIO add |
0.0% | +17% |
| PRAX new |
0.0% | — |
| GH add |
0.0% | +51% |
| AEHR add |
0.0% | — |
| ROAD add |
0.0% | — |
| AXTI add |
0.0% | — |
| W add |
0.0% | +43% |
| VCTR add |
0.0% | +13% |
| PTGX add |
0.0% | +28% |
| SRRK add |
0.0% | -0% |
| SITM new |
0.0% | -32% |
| JOBY add |
0.0% | -29% |
| OPY add |
0.0% | — |
| VICR new |
0.0% | -20% |
| ASTE add |
0.0% | +9% |
| PRLB add |
0.0% | +7% |
| KTOS add |
0.0% | -15% |
| REAL add |
0.0% | — |
| PLPC add |
0.0% | — |
| CELC add |
0.0% | — |
| MIRM add |
0.0% | — |
| ERO add |
0.0% | — |
| METC add |
0.0% | — |
| AZZ new |
0.0% | +1% |
| FIGS add |
0.0% | — |
| AIR new |
0.0% | +26% |
| LIND new |
0.0% | — |
| LFUS new |
0.0% | -12% |
| SHAK new |
0.0% | -7% |
| WT new |
0.0% | +3% |
| WULF new |
0.0% | -21% |
| RKLB add |
0.0% | -50% |
| AX add |
0.0% | +18% |
| TSHA add |
0.0% | — |
| GHM add |
0.0% | — |
| ESTA add |
0.0% | — |
| NXE new |
0.0% | -26% |
| OUT new |
0.0% | +1% |
| CAKE new |
0.0% | +49% |
| NUVL add |
0.0% | — |
| AAOI new |
0.0% | — |
| DNLI add |
0.0% | — |
| CRCL new |
0.0% | -46% |
| IONQ new |
0.0% | -40% |
| TWST new |
0.0% | — |
| SGOV add |
0.0% | — |
| LTH add |
0.0% | +27% |
| VPG new |
0.0% | — |
| STRL add |
0.0% | -26% |
| CPF add |
0.0% | +15% |
| FN new |
0.0% | -33% |
| MAMA add |
0.0% | — |
| XMTR add |
0.0% | — |
| FLR new |
0.0% | +10% |
| CALY new |
0.0% | +25% |
| WINA add |
0.0% | +6% |
| ADTN new |
0.0% | — |
| FROG add |
0.0% | — |
| LRN new |
0.0% | -2% |
| KTB new |
0.0% | +33% |
| GRBK add |
0.0% | +11% |
| ARLO new |
0.0% | +5% |
| LPTH new |
0.0% | — |
| BKSY new |
0.0% | -48% |
| ETON new |
0.0% | — |
| FLY new |
0.0% | -53% |
| OFRM new |
0.0% | — |
| VELO add |
0.0% | — |
| BETR new |
0.0% | — |
| EMBJ add |
0.0% | — |
| ORN new |
0.0% | — |
| LMND new |
0.0% | — |
| SMTC new |
0.0% | -8% |
| ANIP new |
0.0% | -2% |
| 8TG new |
0.0% | — |
| FTK new |
0.0% | — |
| MTW new |
0.0% | — |
| ASNDUSD add |
0.0% | — |
| CCO add |
0.0% | — |
| VECO new |
0.0% | -14% |
| DLX new |
0.0% | +15% |
| ANNX new |
0.0% | — |
| MLKN new |
0.0% | +47% |
| PAHC new |
0.0% | -7% |
| ANRO new |
0.0% | — |
| CEPU new |
0.0% | — |
| AXSM new |
0.0% | — |
| MITK new |
0.0% | — |
| VTOL new |
0.0% | +5% |
| SKYT new |
0.0% | — |
| DNTH new |
0.0% | — |
| AA new |
0.0% | -33% |
| PURR new |
0.0% | — |
| SN new |
0.0% | +44% |
| VIST new |
0.0% | — |
| MTSI new |
0.0% | -29% |
| BIL new |
0.0% | — |
| QXO new |
0.0% | — |
| LOCO new |
0.0% | — |
| NAUT new |
0.0% | — |
| OPEN new |
0.0% | — |
Rotated out of轮出 (80)
| MSFT trim |
-27% | -1% |
| GOOG trim |
-27% | -11% |
| LLY trim |
-27% | +15% |
| AVGO trim |
-24% | -13% |
| AMZN trim |
-55% | -6% |
| MA trim |
-28% | +13% |
| SHOP trim |
-12% | — |
| V trim |
-28% | +13% |
| ORCL trim |
-30% | -37% |
| NVDA trim |
-23% | -13% |
| MSCI trim |
-30% | +11% |
| ZTS trim |
-24% | +2% |
| SBUX trim |
-26% | -0% |
| AON trim |
-27% | +16% |
| IDXX trim |
-28% | +7% |
| ABNB trim |
-25% | +9% |
| ISRG trim |
-28% | -17% |
| ACN trim |
-28% | -11% |
| SNPS trim |
-21% | -25% |
| UBER trim |
-18% | -3% |
| IWF trim |
-48% | -4% |
| MELI trim |
-28% | +15% |
| TSM trim |
-13% | -3% |
| ACWI trim |
-50% | — |
| BSX trim |
-86% | -17% |
| SAP trim |
-71% | — |
| AGX trim |
-28% | -18% |
| POWL trim |
-14% | -22% |
| BE trim |
-31% | — |
| INTU trim |
-96% | -22% |
| NFLX trim |
-52% | -21% |
| BWXT trim |
-15% | -19% |
| VUG trim |
-52% | — |
| WTW trim |
-29% | +19% |
| MDT trim |
-28% | +10% |
| PAYC trim |
-98% | +13% |
| ADBE trim |
-99% | -0% |
| ATRO trim |
-21% | — |
| SE trim |
-23% | +20% |
| SPY trim |
-44% | +0% |
| CVNA trim |
-18% | -7% |
| RHLD trim |
-35% | — |
| CCJ trim |
-28% | -24% |
| IRMD trim |
-23% | — |
| ACWX trim |
-80% | — |
| BFLY trim |
-14% | — |
| SOFI trim |
-35% | +7% |
| ADPT trim |
-64% | — |
| ABT trim |
-100% | +21% |
| CATH trim |
-32% | — |
| IE trim |
-38% | — |
| SION trim |
-14% | — |
| AAPL trim |
-48% | +10% |
| OPLN trim |
-28% | +9% |
| HCI trim |
-66% | +16% |
| VT trim |
-80% | — |
| TMDX trim |
-32% | +19% |
| DAVE trim |
-67% | +88% |
| HDB trim |
-94% | — |
| ASPI trim |
-12% | -35% |
| MIR trim |
-69% | -16% |
| TWLO trim |
-11% | +4% |
| SNDK trim |
-76% | +1% |
| FSLR trim |
-85% | -11% |
| IT trim |
-82% | +1% |
| SMR trim |
-67% | -33% |
| CRM trim |
-53% | +5% |
| AFRM trim |
-86% | +12% |
| TLN trim |
-49% | +3% |
| GGAL trim |
-80% | — |
 ADP exit |
-100% | +24% |
 ADSK exit |
-100% | -6% |
 ADT exit |
-100% | +3% |
 AORT exit |
-100% | +11% |
 AVAV exit |
-100% | -13% |
 AWI exit |
-100% | -4% |
 AYI exit |
-100% | +14% |
 CEG exit |
-100% | -7% |
 CYTK exit |
-100% | +1% |
 GAP exit |
-100% | -6% |
Trade log交易记录
last 40 graded trades, filing-date anchored, newest first — variable hold vs SPY最近40笔已评分交易，以申报日为锚，最新在前——持有期不定，相对SPYNo graded trades available for this fund.该基金暂无已评分交易。
Caveats注意事项 —
13F = quarterly, ~45-day lag, long-only US listed ≥$100M. No shorts, no cash, no non-US positions. This desk is context — ownership is never a directional signal here.13F = 季度披露，约45天滞后，仅含美股多头且持仓≥1亿美元。不含空头、现金或非美股仓位。本台仅为背景参考——持仓数据在此永远不是方向性信号。
Grades and reliability are descriptive ranks within a curated survivor cohort — they measure what filings did after their filing dates, not a manager-selection edge. Conviction and core-lean reads are descriptive composites earning a forward record via the pre-registered ledger (L5); sector/theme classification applies the current map to history.评级与可靠性为精选幸存者队列中的描述性排名——衡量申报日之后持仓的表现，而非经理选择能力。信念分与核心倾向为描述性综合指标，通过预注册账本（L5）积累前瞻记录；行业/主题分类将当前映射应用于历史。