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
-2.14%
baseline attrition
Rally response
-5.97%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PHYSSprott Physical Gold Tru | $30M | 6.8% | — | 5.5 yr |
| XOMExxon Mobil Corporation | $23M | 5.2% | +47.6% | 5.3 yr |
| SASeabridge Gold Inc. | $19M | 4.3% | +142.8% | 10.3 yr |
| LUMNLumen Technologies, Inc. | $17M | 3.9% | +77.3% | 5.3 yr |
| FANGDiamondback Energy, Inc. | $16M | 3.8% | +27.1% | 5.8 yr |
| COHRCoherent, Inc. | $15M | 3.5% | +266.8% | 3.3 yr |
| EQTEQT Corporation | $14M | 3.3% | +20.5% | 5.5 yr |
| GOOGAlphabet Inc. | $13M | 3.1% | +84.3% | 6.3 yr |
| DELLDell Technologies Inc. | $13M | 2.9% | +83.4% | 1.5 yr |
| BRK-BBerkshire Hathaway Inc. | $11M | 2.6% | — | 10.3 yr |
| INTCIntel Corporation | $11M | 2.5% | +94.3% | 1.5 yr |
| PRPermian Resources Corpor | $11M | 2.5% | +60.4% | 2.8 yr |
| MSFTMicrosoft Corporation | $10M | 2.3% | -0.6% | 5.8 yr |
| BNBrookfield Corporation | $10M | 2.2% | +16.5% | 3.5 yr |
| IBMInternational Business M | $9M | 2.1% | -0.1% | 8.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production15.2%-1.0pp$66M
Asset Management11.7%-0.8pp$51M
Hardware, Equipment & Parts6.4%+0.2pp$28M
Oil & Gas Integrated5.6%-0.6pp$25M
Medical - Healthcare Plans5.6%+0.2pp$24M
Semiconductors4.5%-0.2pp$20M
Gold4.5%+1.6pp$20M
Medical - Diagnostics & Research4.4%+0.8pp$19M
Insurance - Diversified4.4%-1.8pp$19M
Telecommunications Services3.9%+0.9pp$17M
Country
US81.9%+1.0pp
CA14.3%+1.1pp
Unknown1.9%-1.0pp
BM1.9%-1.2pp
CH0.0%+0.0pp
Top 5: 23.9% · Top 10: 39.3% · Top 25: 69.1%
Top buys this quarter · 15
| MSFT Microsoft Corporation | +$4M |
| TREX Trex Company, Inc.new | +$3M |
| INTU Intuit Inc.new | +$3M |
| WDAY Workday, Inc. | +$3M |
| CMCO Columbus McKinnon Corporation | +$1M |
| VTOL Bristow Group Inc. | +$1M |
| UNH UnitedHealth Group Incorporate | +$8M |
| FTV Fortive Corporation | +$1M |
| QCOM QUALCOMM Incorporated | +$8M |
| NVDA NVIDIA Corporationnew | +$0M |
Top sells this quarter · 15
| COHR Coherent, Inc. | −$13M |
| KW Kennedy-Wilson Holdings, Inc.exit | −$10M |
| GOOG Alphabet Inc. | −$3M |
| BN Brookfield Corporation | −$2M |
| SA Seabridge Gold Inc. | −$1M |
| XOM Exxon Mobil Corporation | −$17M |
| TXN Texas Instruments Incorporated | −$1M |
| VNT Vontier Corporation | −$0M |
| AZZ AZZ Inc. | −$0M |
| INTC Intel Corporation | −$10M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $436M | 132 | +35.14% | +17.59% | +17.55% | -0.02B |
| 2025-12-31 | $436M | 125 | +21.84% | +17.72% | +4.12% | -0.01B |
| 2025-09-30 | $399M | 105 | +7.78% | +17.52% | -9.73% | +0.01B |
| 2025-06-30 | $352M | 109 | +6.65% | +14.94% | -8.29% | +0.00B |
| 2025-03-31 | $327M | 101 | -3.37% | +8.30% | -11.67% | -0.00B |
| 2024-12-31 | $347M | 108 | +16.59% | +24.89% | -8.30% | +0.01B |
| 2024-09-30 | $346M | 106 | +27.12% | +36.04% | -8.92% | -0.02B |
| 2024-06-30 | $337M | 107 | +18.85% | +24.49% | -5.64% | +0.01B |
| 2024-03-31 | $341M | 110 | +31.98% | +29.62% | +2.36% | -0.00B |
| 2023-12-31 | $301M | 104 | +23.21% | +26.18% | -2.97% | -0.00B |
| 2023-09-30 | $285M | 104 | +29.35% | +21.57% | +7.78% | +0.00B |
| 2023-06-30 | $278M | 105 | +20.73% | +19.42% | +1.30% | -0.01B |
| 2023-03-31 | $269M | 107 | -0.36% | -7.82% | +7.46% | -0.02B |
| 2022-12-31 | $268M | 107 | +11.99% | +7.56% | +4.43% | -0.11B |
| 2022-09-30 | $337M | 81 | -5.68% | -4.93% | -0.75% | -0.02B |
| 2022-06-30 | $375M | 86 | -11.41% | -16.11% | +4.70% | -0.02B |