Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.14%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.04%
steady accumulation
Rally response
-3.01%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CVECenovus Energy Inc. | $92M | 15.8% | +97.2% | 0.8 yr |
| EQXEquinox Gold Corp. | $56M | 9.6% | +110.2% | 3.5 yr |
| PDSPrecision Drilling Corpo | $49M | 8.5% | +111.1% | 2.3 yr |
| VETVermilion Energy Inc. | $35M | 6.1% | +77.8% | 3.0 yr |
| PBFPBF Energy Inc. | $30M | 5.1% | +159.4% | 1.0 yr |
| HNRGHallador Energy Company | $30M | 5.1% | +32.6% | 3.5 yr |
| ASIXAdvanSix Inc. | $30M | 5.1% | +11.6% | 0.5 yr |
| HOGHarley-Davidson, Inc. | $28M | 4.8% | -17.3% | 0.3 yr |
| RYZRyerson Holding Corporat | $25M | 4.3% | +1.1% | 0.5 yr |
| TDWTidewater Inc. | $23M | 4.0% | +97.7% | 2.5 yr |
| NGSNatural Gas Services Gro | $22M | 3.8% | +73.6% | 3.0 yr |
| MOSThe Mosaic Company | $22M | 3.7% | -2.7% | 0.5 yr |
| SMSM Energy Company | $17M | 3.0% | +8.9% | 0.3 yr |
| GAUGaliano Gold Inc. | $16M | 2.8% | +102.4% | 1.8 yr |
| RLJRLJ Lodging Trust | $15M | 2.6% | -0.1% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Integrated15.8%$92M
Gold15.0%-9.2pp$87M
Oil & Gas Equipment & Services12.2%-11.3pp$71M
Oil & Gas Exploration & Production9.0%+8.7pp$52M
Oil & Gas Drilling8.5%+0.8pp$49M
Oil & Gas Refining & Marketing5.1%$30M
Coal5.1%-18.8pp$30M
Chemicals5.1%$30M
Auto - Recreational Vehicles4.8%$28M
Beverages - Wineries & Distilleries4.3%$25M
Country
CA50.9%+6.8pp
US48.4%-6.3pp
Unknown0.5%+0.0pp
BM0.2%-0.5pp
Top 5: 45.1% · Top 10: 68.3% · Top 25: 98.1%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $580M | 37 | +87.24% | +17.59% | +69.65% | +0.07B |
| 2025-12-31 | $419M | 33 | +42.75% | +17.72% | +25.03% | +0.13B |
| 2025-09-30 | $261M | 26 | +35.98% | +17.52% | +18.46% | +0.04B |
| 2025-06-30 | $170M | 25 | +17.79% | +14.94% | +2.85% | +0.04B |
| 2025-03-31 | $117M | 23 | +8.49% | +8.30% | +0.19% | +0.01B |
| 2024-12-31 | $116M | 22 | +21.38% | +24.89% | -3.51% | -0.01B |
| 2024-09-30 | $117M | 23 | +16.31% | +36.04% | -19.73% | +0.00B |
| 2024-06-30 | $104M | 25 | +23.19% | +24.49% | -1.31% | -0.02B |
| 2024-03-31 | $118M | 27 | +15.21% | +29.62% | -14.41% | -0.05B |
| 2023-12-31 | $165M | 31 | +19.77% | +26.18% | -6.40% | +0.00B |
| 2023-09-30 | $164M | 30 | +19.15% | -3.22% | +22.37% | -0.01B |
| 2023-06-30 | $144M | 31 | -5.56% | +8.68% | -14.24% | +0.02B |
| 2023-03-31 | $129M | 27 | +6.90% | +7.46% | -0.55% | +0.01B |
| 2022-12-31 | $114M | 28 | — | — | — | +0.05B |
| 2018-09-30 | $60M | 22 | — | — | — | -0.01B |
| 2018-06-30 | $72M | 21 | — | — | — | +0.01B |