Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.54%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.94%
baseline attrition
Rally response
-1.31%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLNGGolar LNG Limited | $77M | 49.7% | +45.8% | 3.8 yr |
| GOOGAlphabet Inc. | $10M | 6.3% | +84.3% | 9.3 yr |
| MSGSMadison Square Garden Sp | $7M | 4.7% | +65.1% | 10.3 yr |
| ACGLArch Capital Group Ltd. | $7M | 4.6% | -0.2% | 3.8 yr |
| BEPCBrookfield Renewable Cor | $4M | 2.6% | +48.7% | 1.5 yr |
| VSATViasat, Inc. | $4M | 2.5% | +339.5% | 10.5 yr |
| IQVIQVIA Holdings Inc. | $4M | 2.3% | -3.3% | 3.8 yr |
| PRMBPrimo Brands Corporation | $3M | 1.9% | -45.9% | 1.0 yr |
| DGDollar General Corporati | $3M | 1.6% | +37.3% | 7.0 yr |
| BRK-BBerkshire Hathaway Inc. | $2M | 1.6% | — | 6.3 yr |
| ACMAecom | $2M | 1.5% | -7.9% | 10.5 yr |
| UBERUber Technologies, Inc. | $2M | 1.4% | -1.3% | 1.0 yr |
| NVGSNavigator Holdings Ltd. | $2M | 1.3% | +46.8% | 10.5 yr |
| FIFiserv, Inc. | $2M | 1.2% | — | 2.0 yr |
| IBMInternational Business M | $2M | 1.2% | -0.1% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Midstream51.0%-0.3pp$79M
Internet Content & Information6.3%+2.4pp$10M
Insurance - Diversified6.2%-2.2pp$10M
Entertainment4.7%+0.6pp$7M
Software - Application3.0%+0.6pp$5M
Renewable Utilities2.6%+0.5pp$4M
Communication Equipment2.5%+1.8pp$4M
Information Technology Services2.4%+0.8pp$4M
Medical - Diagnostics & Research2.3%-0.6pp$4M
Beverages - Non-Alcoholic1.9%$3M
Country
BM54.3%+4.1pp
US43.2%+2.5pp
GB1.3%-6.2pp
SG0.4%-0.8pp
Unknown0.4%
CH0.3%-0.1pp
Top 5: 68.0% · Top 10: 77.9% · Top 25: 93.9%
Top buys this quarter · 8
| WD Walker & Dunlop, Inc.new | +$1M |
| PRMB Primo Brands Corporation | +$1M |
| UBER Uber Technologies, Inc. | +$1M |
| AMZN Amazon.com, Inc.new | +$1M |
| MA Mastercard Incorporated | +$0M |
| GLNG Golar LNG Limited | +$0M |
| FRSH Freshworks Inc. | +$1M |
| FI Fiserv, Inc. | +$0M |
Top sells this quarter · 15
| NVGS Navigator Holdings Ltd. | −$7M |
| MSGS Madison Square Garden Sports C | −$7M |
| DG Dollar General Corporation | −$1M |
| RELY Remitly Global, Inc. | −$0M |
| BKNG Booking Holdings Inc.exit | −$0M |
| VC Visteon Corporation | −$0M |
| TMUS T-Mobile US, Inc. | −$2M |
| ACGL Arch Capital Group Ltd. | −$7M |
| FLEX Flex Ltd. | −$1M |
| GOOG Alphabet Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $154M | 40 | +35.17% | +17.59% | +17.58% | -0.00B |
| 2025-12-31 | $134M | 40 | +5.30% | +17.72% | -12.42% | -0.01B |
| 2025-09-30 | $139M | 39 | +11.17% | +17.52% | -6.35% | -0.00B |
| 2025-06-30 | $134M | 37 | +15.04% | +14.94% | +0.10% | +0.00B |
| 2025-03-31 | $123M | 37 | +18.18% | +8.30% | +9.88% | -0.00B |
| 2024-12-31 | $136M | 41 | +36.03% | +24.89% | +11.14% | -0.00B |
| 2024-09-30 | $131M | 41 | +32.82% | +36.04% | -3.21% | -0.01B |
| 2024-06-30 | $128M | 43 | +27.26% | +24.49% | +2.77% | -0.00B |
| 2024-03-31 | $118M | 43 | +16.52% | +29.62% | -13.10% | -0.00B |
| 2023-12-31 | $113M | 44 | +15.12% | +26.18% | -11.05% | -0.00B |
| 2023-09-30 | $112M | 41 | +14.86% | +21.57% | -6.71% | +0.00B |
| 2023-06-30 | $104M | 38 | +13.61% | +19.42% | -5.81% | +0.00B |
| 2023-03-31 | $99M | 34 | -0.98% | -7.82% | +6.84% | +0.00B |
| 2022-12-31 | $92M | 29 | +3.51% | +7.56% | -4.05% | -0.00B |
| 2022-09-30 | $94M | 34 | +2.65% | -4.93% | +7.57% | -0.00B |
| 2022-06-30 | $95M | 32 | -11.19% | -16.11% | +4.92% | -0.00B |