Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.92%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.02%
baseline attrition
Rally response
-12.17%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLDSPDR Gold Shares | $18M | 42.7% | — | 10.5 yr |
| RSVRReservoir Media, Inc. | $5M | 11.7% | +28.3% | 0.5 yr |
| AAXJiShares MSCI All Country | $2M | 4.9% | — | 1.3 yr |
| MSFTMicrosoft Corporation | $2M | 4.3% | -0.6% | 9.5 yr |
| AMZNAmazon.com, Inc. | $2M | 3.9% | +9.5% | 10.0 yr |
| BSMBlack Stone Minerals, L. | $1M | 2.5% | +8.9% | 10.3 yr |
| AAPLApple Inc. | $1M | 2.5% | +14.7% | 10.5 yr |
| VIXYProShares - VIX Short-Te | $1M | 2.4% | — | 0.5 yr |
| NVDANVIDIA Corporation | $1M | 2.2% | +60.9% | 4.5 yr |
| GOOGLAlphabet Inc. | $1M | 1.7% | — | 7.8 yr |
| GDXVanEck Gold Miners ETF | $1M | 1.6% | — | 2.5 yr |
| BEBloom Energy Corporation | $1M | 1.6% | +589.2% | 1.0 yr |
| EPDEnterprise Products Part | $1M | 1.5% | +18.7% | 1.0 yr |
| QQQInvesco QQQ Trust, Serie | $1M | 1.3% | — | 3.8 yr |
| METAMeta Platforms, Inc. | $1M | 1.3% | -0.4% | 8.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management55.8%-1.5pp$24M
Entertainment12.3%$5M
Software - Infrastructure4.3%-6.3pp$2M
Specialty Retail3.9%-1.9pp$2M
Oil & Gas Exploration & Production3.9%-1.8pp$2M
Internet Content & Information3.0%-2.8pp$1M
Oil & Gas Midstream2.5%$1M
Consumer Electronics2.5%-0.1pp$1M
Asset Management - Leveraged2.4%$1M
Semiconductors2.2%-0.8pp$1M
Country
US99.1%-0.5pp
CA0.5%
CN0.4%
Top 5: 67.6% · Top 10: 78.9% · Top 25: 94.7%
Top buys this quarter · 9
| RSVR Reservoir Media, Inc. | +$2M |
| AAPL Apple Inc. | +$0M |
| SPHR Sphere Entertainment Co.new | +$0M |
| FRMI Fermi Inc. Common Stock | +$0M |
| JPM JPMorgan Chase & Co. | +$0M |
| GOOGL Alphabet Inc. | +$0M |
| VIXY ProShares - VIX Short-Term Fut | +$0M |
| XBI State Street SPDR S&P Biotech | +$0M |
| GDX VanEck Gold Miners ETF | +$0M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$1M |
| WBD Warner Bros. Discovery, Inc.exit | −$1M |
| UBER Uber Technologies, Inc. | −$0M |
| GEV GE Vernova Inc.exit | −$0M |
| MSFT Microsoft Corporation | −$0M |
| META Meta Platforms, Inc. | −$0M |
| NG NovaGold Resources Inc. | −$0M |
| EVR Evercore Inc. | −$0M |
| EL The Estée Lauder Companies Inexit | −$0M |
| NVDA NVIDIA Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $43M | 35 | +43.86% | +17.59% | +26.27% | -0.00B |
| 2025-12-31 | $45M | 35 | +30.33% | +17.72% | +12.61% | +0.01B |
| 2025-09-30 | $38M | 32 | +52.41% | +17.52% | +34.89% | +0.01B |
| 2025-06-30 | $21M | 20 | +33.14% | +14.94% | +18.20% | -0.01B |
| 2025-03-31 | $23M | 25 | +20.55% | +8.30% | +12.24% | +0.00B |
| 2024-12-31 | $23M | 23 | +45.42% | +24.89% | +20.54% | +0.01B |
| 2024-09-30 | $13M | 19 | +30.55% | +36.04% | -5.48% | -0.01B |
| 2024-06-30 | $18M | 17 | +21.96% | +24.49% | -2.54% | -0.00B |
| 2024-03-31 | $18M | 21 | +25.50% | +29.62% | -4.13% | +0.00B |
| 2023-12-31 | $13M | 18 | +15.68% | +26.18% | -10.50% | +0.00B |
| 2023-09-30 | $12M | 17 | +13.62% | +21.57% | -7.95% | -0.00B |
| 2023-06-30 | $16M | 19 | +11.95% | +19.42% | -7.47% | -0.00B |
| 2023-03-31 | $16M | 24 | -13.47% | -7.82% | -5.65% | -0.00B |
| 2022-12-31 | $16M | 22 | -17.86% | -18.17% | +0.31% | +0.00B |
| 2022-09-30 | $12M | 14 | -12.24% | -15.51% | +3.27% | -0.00B |
| 2022-06-30 | $14M | 19 | +76.39% | -10.62% | +87.01% | -0.00B |