Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.00%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.30%
baseline attrition
Rally response
-7.79%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DUHPDimensional - US High Pr | $17M | 6.6% | — | 3.0 yr |
| — | $16M | 6.1% | — | 0.8 yr |
| — | $13M | 5.1% | — | 0.5 yr |
| GOOGLAlphabet Inc. | $11M | 4.1% | — | 6.5 yr |
| — | $10M | 3.8% | — | 0.5 yr |
| CEFSprott Physical Gold and | $10M | 3.7% | — | 6.8 yr |
| — | $9M | 3.6% | — | 1.0 yr |
| LIENChicago Atlantic BDC, In | $7M | 2.7% | -8.6% | 2.0 yr |
| IAUiShares Gold Trust | $7M | 2.6% | — | 5.0 yr |
| BRK-BBerkshire Hathaway Inc. | $7M | 2.5% | — | 10.5 yr |
| SIISprott Inc. | $6M | 2.3% | +224.0% | 2.3 yr |
| MSGSMadison Square Garden Sp | $5M | 1.8% | +65.1% | 3.8 yr |
| LLYVALiberty Live Group | $4M | 1.7% | — | 0.5 yr |
| DIHPDimensional - Internatio | $4M | 1.6% | — | 3.0 yr |
| PMPhilip Morris Internatio | $4M | 1.6% | +7.9% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management22.9%-1.6pp$60M
Unknown21.1%-1.6pp$55M
Internet Content & Information7.4%+2.2pp$19M
Entertainment3.4%$9M
Discount Stores3.2%+0.1pp$8M
Insurance - Diversified3.1%-0.3pp$8M
Insurance - Property & Casualty2.6%-0.3pp$7M
Drug Manufacturers - General2.2%+0.6pp$6M
Semiconductors2.2%+0.6pp$6M
Specialty Business Services2.1%+0.7pp$6M
Country
US70.7%+0.0pp
Unknown21.1%-1.6pp
CA6.1%+1.9pp
CH1.1%-0.2pp
LU0.8%
KY0.1%-0.9pp
IE0.1%-0.0pp
Top 5: 25.7% · Top 10: 40.8% · Top 25: 63.5%
Top buys this quarter · 15
| SJM The J. M. Smucker Company | +$2M |
| IPAR Inter Parfums, Inc.new | +$2M |
| SPOT Spotify Technology S.A. | +$1M |
| MSFT Microsoft Corporation | +$3M |
| PM Philip Morris International In | +$0M |
| WM Waste Management, Inc. | +$0M |
| HHH Howard Hughes Holdings Inc. | +$3M |
| SII Sprott Inc. | +$0M |
| AAPL Apple Inc. | +$3M |
| WRB W. R. Berkley Corporation | +$4M |
Top sells this quarter · 15
| XOM Exxon Mobil Corporation | −$1M |
| PLTR Palantir Technologies Inc. | −$0M |
| APD Air Products and Chemicals, Inexit | −$0M |
| GE GE Aerospaceexit | −$0M |
| IBM International Business Machine | −$0M |
| NKE NIKE, Inc.exit | −$0M |
| NEE NextEra Energy, Inc. | −$1M |
| LIEN Chicago Atlantic BDC, Inc. | −$0M |
| KMI Kinder Morgan, Inc. | −$0M |
| IAC IAC InterActive Corp. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $261M | 106 | +17.60% | +17.59% | +0.01% | +0.00B |
| 2025-12-31 | $259M | 107 | +14.11% | +17.72% | -3.61% | -0.00B |
| 2025-09-30 | $254M | 109 | +14.59% | +17.52% | -2.93% | -0.01B |
| 2025-06-30 | $246M | 112 | +13.22% | +14.94% | -1.72% | +0.03B |
| 2025-03-31 | $206M | 106 | +4.98% | +8.30% | -3.32% | +0.02B |
| 2024-12-31 | $194M | 105 | +15.45% | +24.89% | -9.44% | +0.01B |
| 2024-09-30 | $180M | 99 | +24.28% | +36.04% | -11.76% | +0.02B |
| 2024-06-30 | $155M | 94 | +14.09% | +24.49% | -10.40% | +0.00B |
| 2024-03-31 | $152M | 92 | +22.28% | +29.62% | -7.34% | +0.00B |
| 2023-12-31 | $140M | 108 | +15.47% | +26.18% | -10.71% | +0.00B |
| 2023-09-30 | $124M | 223 | +13.95% | +21.57% | -7.62% | -0.00B |
| 2023-06-30 | $131M | 227 | +13.63% | +19.42% | -5.79% | +0.02B |
| 2023-03-31 | $109M | 66 | -5.18% | -7.82% | +2.63% | +0.00B |
| 2022-12-31 | $106M | 69 | +10.20% | +7.56% | +2.64% | -0.01B |
| 2022-09-30 | $106M | 70 | -3.77% | -4.93% | +1.16% | +0.00B |
| 2022-06-30 | $109M | 56 | -11.23% | -16.11% | +4.88% | -0.01B |