Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.98%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.14%
baseline attrition
Rally response
-10.49%
trims into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SGRYSurgery Partners, Inc. | $122M | 37.2% | -49.8% | 3.3 yr |
| BAThe Boeing Company | $51M | 15.7% | +16.7% | 1.5 yr |
| BXSLBlackstone Secured Lendi | $30M | 9.0% | — | 0.3 yr |
| UWMCUWM Holdings Corporation | $28M | 8.6% | -27.6% | 1.5 yr |
| UNITUniti Group Inc. | $23M | 7.1% | — | 0.8 yr |
| XLIState Street Industrial | $19M | 5.8% | — | 0.3 yr |
| TLNTalen Energy Corporation | $15M | 4.6% | +59.9% | 0.3 yr |
| — | $14M | 4.3% | — | 0.3 yr |
| ATUSAltice USA, Inc. | $10M | 3.2% | — | 1.8 yr |
| VSTVistra Corp. | $9M | 2.7% | +28.7% | 0.3 yr |
| AGNCZAGNC Investment Corp. 8. | $6M | 1.9% | — | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Medical - Care Facilities37.2%+4.8pp$122M
Asset Management16.7%$55M
Aerospace & Defense15.7%-16.9pp$51M
Telecommunications Services10.3%+8.2pp$34M
Financial - Mortgages8.6%$28M
Independent Power Producers7.3%$24M
Unknown4.3%-21.9pp$14M
Country
US95.7%+23.7pp
Unknown4.3%-21.9pp
Top 5: 77.6% · Top 10: 98.1% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SGRY | $119M | -0.06B | -49.8% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $328M | 11 | -13.47% | +17.59% | -31.06% | -0.21B |
| 2025-12-31 | $611M | 11 | +1.00% | +17.72% | -16.72% | +0.07B |
| 2025-09-30 | $618M | 14 | +2.55% | +17.52% | -14.97% | +0.11B |
| 2025-06-30 | $486M | 8 | +51.80% | +14.94% | +36.86% | -0.02B |
| 2025-03-31 | $471M | 9 | +50.55% | +8.30% | +42.25% | +0.03B |
| 2024-12-31 | $427M | 11 | +43.20% | +24.89% | +18.31% | +0.33B |
| 2024-09-30 | $113M | 8 | +145.99% | +36.04% | +109.96% | +0.05B |
| 2024-06-30 | $39M | 5 | +73.06% | +24.49% | +48.57% | -0.01B |
| 2024-03-31 | $47M | 4 | +98.16% | +29.62% | +68.54% | +0.01B |
| 2023-12-31 | $36M | 4 | +109.03% | +26.18% | +82.86% | -0.04B |
| 2023-09-30 | $49M | 4 | +49.55% | +21.57% | +27.98% | -5.61B |
| 2023-06-30 | $5.21B | 6 | +40.55% | +19.42% | +21.13% | +5.19B |
| 2023-03-31 | $19M | 5 | -7.62% | -7.82% | +0.20% | -0.38B |
| 2022-12-31 | $392M | 12 | +9.01% | +7.56% | +1.45% | -0.01B |
| 2022-09-30 | $372M | 33 | +1.95% | -4.93% | +6.88% | -0.17B |
| 2022-06-30 | $530M | 25 | -19.00% | -16.11% | -2.89% | -0.19B |