Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.35%
trims when stocks drop
when a holding falls −10%+
Middle response
-22.91%
baseline attrition
Rally response
-47.83%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CRWVCoreWeave, Inc. Class A | $21M | 20.7% | +108.9% | 1.0 yr |
| BOXXAlpha Architect 1-3 Mont | $10M | 10.1% | — | 0.3 yr |
| CWBState Street SPDR Bloomb | $10M | 9.3% | — | 2.5 yr |
| SPYState Street SPDR S&P 50 | $7M | 7.0% | +17.6% | 4.8 yr |
| GLDSPDR Gold Shares | $5M | 5.0% | — | 3.5 yr |
| CCOICogent Communications Ho | $2M | 2.4% | -67.6% | 0.5 yr |
| — | $2M | 2.3% | — | 2.0 yr |
| UTFCohen & Steers Infrastru | $2M | 2.3% | — | 0.5 yr |
| QQQInvesco QQQ Trust, Serie | $2M | 2.2% | — | 3.5 yr |
| ETEnergy Transfer LP | $2M | 2.1% | +12.1% | 5.5 yr |
| UPSUnited Parcel Service, I | $2M | 2.1% | -4.4% | 2.5 yr |
| PAAPlains All American Pipe | $2M | 2.0% | +21.8% | 2.0 yr |
| CCitigroup Inc. | $2M | 1.9% | +63.9% | 4.8 yr |
| DISThe Walt Disney Company | $2M | 1.7% | -1.3% | 1.8 yr |
| CRCCalifornia Resources Cor | $2M | 1.6% | +62.5% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management39.3%-25.5pp$41M
Software - Infrastructure20.9%$22M
Oil & Gas Midstream4.4%+1.9pp$5M
Unknown2.7%+2.0pp$3M
Telecommunications Services2.4%+1.2pp$2M
Restaurants2.2%$2M
Entertainment2.2%+1.3pp$2M
Financial - Capital Markets2.2%+2.0pp$2M
Drug Manufacturers - General2.2%+0.7pp$2M
Integrated Freight & Logistics2.1%+1.8pp$2M
Country
US94.8%+30.9pp
Unknown2.7%+2.0pp
GB0.9%-2.9pp
TW0.6%+0.3pp
ZA0.4%
BR0.4%-0.1pp
JP0.2%
Top 5: 52.1% · Top 10: 63.5% · Top 25: 84.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| RIO | $4M | +0.00B | 63.4% |
| SPY | $7M | +0.00B | 17.6% |
| ET | $3M | +0.00B | 12.1% |
| C | $0M | +0.00B | 63.9% |
| PFE | $0M | +0.00B | 18.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| UPS | $0M | -0.00B | -4.4% |
Top buys this quarter · 15
| CRC California Resources Corporatinew | +$2M |
| PAA Plains All American Pipeline, | +$2M |
| WEN The Wendy's Companynew | +$1M |
| DIS The Walt Disney Company | +$1M |
| IBM International Business Machine | +$1M |
| RIOT Riot Platforms, Inc. | +$1M |
| ATKR Atkore Inc.new | +$1M |
| ITGR Integer Holdings Corporationnew | +$1M |
| CRCL Circle Internet Groupnew | +$1M |
| JBLU JetBlue Airways Corporation | +$0M |
Top sells this quarter · 15
| MSFT Microsoft Corporation | −$259M |
| CRWV CoreWeave, Inc. Class A Common | −$57M |
| SPY State Street SPDR S&P 500 ETF | −$41M |
| CMG Chipotle Mexican Grill, Inc. | −$25M |
| UNH UnitedHealth Group Incorporate | −$11M |
| NFLX Netflix, Inc.exit | −$9M |
| RIO Rio Tinto Group | −$6M |
| BMY Bristol-Myers Squibb Company | −$5M |
| MU Micron Technology, Inc. | −$4M |
| CME CME Group Inc. | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $103M | 76 | +35.82% | +17.59% | +18.23% | -0.26B |
| 2025-12-31 | $356M | 128 | +35.84% | +17.72% | +18.12% | +0.09B |
| 2025-09-30 | $232M | 54 | +29.27% | +21.26% | +8.01% | +0.09B |
| 2025-06-30 | $129M | 104 | +36.60% | +17.06% | +19.54% | -0.00B |
| 2025-03-31 | $124M | 76 | +34.82% | +16.65% | +18.17% | -0.03B |
| 2024-09-30 | $152M | 73 | +54.84% | +36.04% | +18.81% | -0.23B |
| 2024-06-30 | $352M | 65 | +36.73% | +24.49% | +12.24% | -0.12B |
| 2024-03-31 | $412M | 86 | +33.49% | +29.62% | +3.86% | -0.79B |
| 2023-12-31 | $1.13B | 116 | +34.64% | +26.18% | +8.47% | -0.12B |
| 2023-09-30 | $1.07B | 82 | +19.58% | +21.57% | -1.99% | +0.69B |
| 2023-06-30 | $397M | 72 | +14.37% | +19.42% | -5.06% | -0.33B |
| 2023-03-31 | $657M | 118 | -11.98% | -7.82% | -4.17% | +0.14B |
| 2022-12-31 | $477M | 191 | -21.85% | -18.17% | -3.67% | -0.36B |
| 2022-09-30 | $811M | 253 | -15.82% | -15.51% | -0.31% | +0.42B |
| 2022-06-30 | $426M | 287 | -8.66% | -10.62% | +1.96% | -0.27B |
| 2022-03-31 | $811M | 331 | +15.78% | +15.45% | +0.33% | -0.11B |