Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.33%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.37%
baseline attrition
Rally response
-13.42%
trims into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DBDeutsche Bank AG | $352M | 77.4% | +28.4% | 1.3 yr |
| FLYXflyExclusive, Inc. | $55M | 12.0% | -27.3% | 2.5 yr |
| — | $30M | 6.6% | — | 0.3 yr |
| HASHasbro, Inc. | $18M | 4.0% | +57.7% | 3.5 yr |
| FLYX-WTflyExclusive, Inc. WT | $0M | 0.0% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional77.4%+3.0pp$352M
Airlines, Airports & Air Services12.0%+3.2pp$55M
Unknown6.6%$30M
Leisure4.0%-5.9pp$18M
Country
DE77.4%+3.0pp
US16.0%-5.2pp
Unknown6.6%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| FLYX | $43M | -0.01B | -27.3% |
Top buys this quarter · 1
| — new | +$0M |
Top sells this quarter · 1
| HAS Hasbro, Inc. | −$40M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $456M | 5 | +22.08% | +17.59% | +4.49% | +0.08B |
| 2025-12-31 | $493M | 4 | +92.87% | +17.72% | +75.15% | -0.03B |
| 2025-09-30 | $500M | 6 | +76.54% | +17.52% | +59.03% | -0.19B |
| 2025-06-30 | $541M | 5 | +40.35% | +14.94% | +25.41% | -0.05B |
| 2025-03-31 | $492M | 5 | +8.70% | +8.30% | +0.40% | +0.34B |
| 2024-12-31 | $127M | 4 | -9.48% | +24.89% | -34.36% | -0.01B |
| 2024-09-30 | $146M | 6 | +2.25% | +36.04% | -33.78% | -0.11B |
| 2024-06-30 | $251M | 8 | +4.41% | +24.49% | -20.09% | +0.05B |
| 2024-03-31 | $214M | 6 | +30.30% | +29.62% | +0.68% | -0.05B |
| 2023-12-31 | $263M | 6 | +38.79% | +26.18% | +12.61% | +0.01B |
| 2023-09-30 | $234M | 5 | +31.61% | +21.57% | +10.05% | -0.00B |
| 2023-06-30 | $230M | 5 | +38.67% | +19.42% | +19.25% | -0.02B |
| 2023-03-31 | $220M | 6 | -32.30% | -7.82% | -24.48% | -0.00B |
| 2022-12-31 | $207M | 6 | +3.02% | +7.56% | -4.54% | +0.01B |
| 2022-09-30 | $191M | 12 | +8.32% | -4.93% | +13.25% | -0.01B |
| 2022-06-30 | $186M | 12 | -43.58% | -16.11% | -27.46% | +0.02B |