Gains are reinvested — principal and returns grow together.
Hypothetical backtest — not a real trading record. Simulated on public data from 2012-02: each position is bought only after the filing became public (using no information unavailable at the time), with trading costs deducted, on a total-return basis. Past performance does not predict future results.
Buy last year's winners and sell last year's losers — as counterintuitive as it sounds. Jegadeesh and Titman's classic 1993 paper showed with hard data that winners keep winning over the following months, an excess return so persistent that even Fama called momentum “the premier anomaly.” Three decades on, it recurs across nearly every market and asset class, yet still lacks a fully agreed-upon explanation.
| Ticker | Name | Weight | vs last filing |
|---|---|---|---|
| AXTI | AXT Inc | 5.2% | — |
| SNDK | Sandisk Corporation Common Stock | 5.2% | — |
| BE | Bloom Energy Corporation | 5.2% | — |
| OPEN | Opendoor Technologies Inc Common Stock | 5.2% | — |
| LITE | Lumentum Holdings Inc. Common Stock | 5.1% | — |
| PL | Planet Labs PBC | 5.1% | — |
| WDC | Western Digital Corp. | 5.1% | — |
| MU | Micron Technology, Inc. | 5.1% | +0.3 ▲ |
| VICR | Vicor Corp | 5.0% | New |
| CIEN | Ciena Corporation | 5.0% | — |
| ONDS | Ondas Inc. Common Stock | 5.0% | — |
| HUT | Hut 8 Corp. Common Stock | 5.0% | New |
| MXL | MaxLinear, Inc. Common Stock | 4.9% | — |
| AAOI | Applied Optoelectronics, Inc. | 4.9% | — |
| STX | Seagate Technology Holdings PLC Ordinary Shares (Ireland) | 4.9% | — |
| WULF | TeraWulf Inc. Common Stock | 4.9% | — |
| VSAT | Viasat Inc | 4.8% | — |
| DOCN | DigitalOcean Holdings, Inc. | 4.8% | New |
| INTC | Intel Corp | 4.8% | New |
| CIFR | Cipher Digital Inc. Common Stock | 4.8% | — |