Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.60%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.18%
baseline attrition
Rally response
-3.52%
trims into rallies
when a holding rises +10%+
Top positions · 12
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VALValaris Limited | $470M | 53.5% | +149.7% | 5.0 yr |
| XPROExpro Group Holdings N.V | $208M | 23.7% | +75.2% | 4.5 yr |
| FSKFS KKR Capital Corp. | $91M | 10.4% | -42.4% | 4.0 yr |
| — | $35M | 3.9% | — | 0.5 yr |
| JQCNuveen Credit Strategies | $16M | 1.8% | — | 6.8 yr |
| SABRSabre Corporation | $15M | 1.7% | -48.4% | 6.3 yr |
| IHRTiHeartMedia, Inc. | $14M | 1.6% | +77.0% | 6.8 yr |
| EBSEmergent BioSolutions In | $9M | 1.1% | +70.8% | 1.8 yr |
| HYTBlackRock Corporate High | $9M | 1.0% | — | 10.3 yr |
| DSUBlackRock Debt Strategie | $6M | 0.6% | — | 9.5 yr |
| EVVEaton Vance Limited Dura | $4M | 0.4% | — | 6.3 yr |
| CTEVClaritev Corporation | $1M | 0.2% | -20.8% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Equipment & Services77.2%-1.9pp$678M
Asset Management12.1%+8.3pp$106M
Unknown3.9%$35M
Asset Management - Income2.3%-3.5pp$20M
Travel Services1.7%-5.6pp$15M
Broadcasting1.6%-0.5pp$14M
Biotechnology1.1%-0.3pp$9M
Medical - Healthcare Information Services0.2%-0.3pp$1M
Country
BM53.5%+5.3pp
US42.5%-9.3pp
Unknown3.9%
Top 5: 93.4% · Top 10: 99.4% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $878M | 12 | +93.08% | +17.59% | +75.49% | -0.00B |
| 2025-12-31 | $598M | 12 | +9.63% | +17.72% | -8.09% | +0.09B |
| 2025-09-30 | $465M | 11 | -19.85% | +17.52% | -37.37% | -0.01B |
| 2025-06-30 | $397M | 11 | -47.44% | +14.94% | -62.38% | +0.00B |
| 2025-03-31 | $390M | 12 | -45.38% | +8.30% | -53.68% | +0.01B |
| 2024-12-31 | $461M | 12 | -27.12% | +24.89% | -52.00% | +0.01B |
| 2024-09-30 | $572M | 12 | -23.79% | +36.04% | -59.82% | +0.02B |
| 2024-06-30 | $708M | 11 | +18.46% | +24.49% | -6.03% | -0.08B |
| 2024-03-31 | $750M | 12 | +9.04% | +29.62% | -20.58% | -0.01B |
| 2023-12-31 | $681M | 13 | -4.30% | +26.18% | -30.48% | -0.07B |
| 2023-09-30 | $910M | 14 | +53.18% | +21.57% | +31.61% | -0.48B |
| 2023-06-30 | $1.14B | 14 | +40.16% | +19.42% | +20.73% | -0.11B |
| 2023-03-31 | $1.29B | 14 | +3.03% | -7.82% | +10.85% | -0.20B |
| 2022-12-31 | $1.53B | 14 | +32.59% | +7.56% | +25.02% | -0.31B |
| 2022-09-30 | $1.39B | 18 | +11.53% | -4.93% | +16.46% | -0.10B |
| 2022-06-30 | $1.33B | 18 | -28.64% | -16.11% | -12.53% | +0.04B |