Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| Buy | DUOLINGO INC | $19,489,725 | +35.7% | 117,500 | +16.9% | 14.40% | +35.6% | |
| PCOR | Sell | PROCORE TECHNOLOGIES INC | $17,571,080 | -8.5% | 269,000 | -8.8% | 12.99% | -8.5% |
| FND | Buy | FLOOR & DECOR HLDGS INCcl a | $16,516,250 | +2.5% | 182,500 | +17.7% | 12.21% | +2.5% |
| NET | Sell | CLOUDFLARE INC | $16,169,760 | -21.5% | 256,500 | -18.6% | 11.95% | -21.5% |
| New | ATLASSIAN CORPORATIONcl a | $16,120,800 | – | 80,000 | – | 11.92% | – | |
| SHOP | New | SHOPIFY INCcl a | $15,688,875 | – | 287,500 | – | 11.60% | – |
| APPF | Sell | APPFOLIO INC | $13,697,250 | -27.3% | 75,000 | -31.5% | 10.12% | -27.4% |
| SQ | Sell | BLOCK INCcl a | $10,179,800 | -53.7% | 230,000 | -30.3% | 7.52% | -53.7% |
| RH | Exit | RH | $0 | – | -41,000 | – | -9.99% | – |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SQ | New | BLOCK INCcl a | $21,968,100 | – | 330,000 | – | 16.24% | – |
| NET | New | CLOUDFLARE INC | $20,591,550 | – | 315,000 | – | 15.23% | – |
| PCOR | New | PROCORE TECHNOLOGIES INC | $19,195,650 | – | 295,000 | – | 14.19% | – |
| APPF | New | APPFOLIO INC | $18,849,330 | – | 109,500 | – | 13.94% | – |
| FND | New | FLOOR & DECOR HLDGS INCcl a | $16,113,800 | – | 155,000 | – | 11.92% | – |
| New | DUOLINGO INC | $14,365,470 | – | 100,500 | – | 10.62% | – | |
| RH | New | RH | $13,513,190 | – | 41,000 | – | 9.99% | – |
| MSFT | New | MICROSOFT CORP | $10,641,875 | – | 31,250 | – | 7.87% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SQ | Exit | BLOCK INCcl a | $0 | – | -85,500 | – | -4.52% | – |
| DDOG | Exit | DATADOG INC | $0 | – | -53,500 | – | -4.56% | – |
| Exit | DUOLINGO INC | $0 | – | -91,250 | – | -8.36% | – | |
| PCOR | Exit | PROCORE TECHNOLOGIES INC | $0 | – | -220,000 | – | -10.26% | – |
| SNOW | Exit | SNOWFLAKE INCcl a | $0 | – | -65,250 | – | -10.68% | – |
| APPF | Exit | APPFOLIO INC | $0 | – | -256,000 | – | -25.76% | – |
| NET | Exit | CLOUDFLARE INC | $0 | – | -674,000 | – | -35.85% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| NET | Buy | CLOUDFLARE INC | $37,259,000 | +71.2% | 674,000 | +35.5% | 35.85% | +70.8% |
| APPF | Sell | APPFOLIO INC | $26,772,000 | -19.6% | 256,000 | -30.4% | 25.76% | -19.8% |
| SNOW | Sell | SNOWFLAKE INCcl a | $11,098,000 | -51.7% | 65,250 | -60.5% | 10.68% | -51.8% |
| PCOR | Sell | PROCORE TECHNOLOGIES INC | $10,666,000 | -25.5% | 220,000 | -30.3% | 10.26% | -25.7% |
| Buy | DUOLINGO INC | $8,689,000 | +30.6% | 91,250 | +20.1% | 8.36% | +30.3% | |
| DDOG | New | DATADOG INC | $4,745,000 | – | 53,500 | – | 4.56% | – |
| SQ | New | BLOCK INCcl a | $4,703,000 | – | 85,500 | – | 4.52% | – |
| RH | Exit | RH | $0 | – | -22,000 | – | -4.50% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| APPF | New | APPFOLIO INC | $33,317,000 | – | 367,576 | – | 32.13% | – |
| SNOW | New | SNOWFLAKE INCcl a | $22,980,000 | – | 165,250 | – | 22.16% | – |
| NET | New | CLOUDFLARE INC | $21,766,000 | – | 497,500 | – | 20.99% | – |
| PCOR | New | PROCORE TECHNOLOGIES INC | $14,321,000 | – | 315,500 | – | 13.81% | – |
| New | DUOLINGO INC | $6,654,000 | – | 76,000 | – | 6.42% | – | |
| RH | New | RH | $4,670,000 | – | 22,000 | – | 4.50% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PTON | Exit | PELOTON INTERACTIVE INC | $0 | – | -112,879 | – | -7.43% | – |
| FSLY | Exit | FASTLY INCcl a | $0 | – | -429,199 | – | -13.12% | – |
| RH | Exit | RH | $0 | – | -31,465 | – | -15.87% | – |
| APPF | Exit | APPFOLIO INC | $0 | – | -261,527 | – | -23.81% | – |
| NET | Exit | CLOUDFLARE INC | $0 | – | -466,797 | – | -39.76% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| NET | Sell | CLOUDFLARE INC | $52,585,000 | +4.6% | 466,797 | -1.7% | 39.76% | +15.2% |
| APPF | Buy | APPFOLIO INC | $31,488,000 | +68.3% | 261,527 | +97.3% | 23.81% | +85.2% |
| FSLY | Buy | FASTLY INCcl a | $17,357,000 | -10.7% | 429,199 | +31.7% | 13.12% | -1.7% |
| PTON | Sell | PELOTON INTERACTIVE INC | $9,826,000 | -48.7% | 112,879 | -26.8% | 7.43% | -43.5% |
| SQ | Exit | SQUARE INCcl a | $0 | – | -68,250 | – | -11.43% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| NET | New | CLOUDFLARE INC | $50,253,000 | – | 474,797 | – | 34.53% | – |
| RH | New | RH | $21,365,000 | – | 31,465 | – | 14.68% | – |
| FSLY | New | FASTLY INCcl a | $19,430,000 | – | 326,015 | – | 13.35% | – |
| PTON | New | PELOTON INTERACTIVE INC | $19,137,000 | – | 154,307 | – | 13.15% | – |
| APPF | New | APPFOLIO INC | $18,715,000 | – | 132,540 | – | 12.86% | – |
| SQ | New | SQUARE INCcl a | $16,639,000 | – | 68,250 | – | 11.43% | – |