Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.66%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.44%
baseline attrition
Rally response
+4.20%
adds into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| USHYiShares Broad USD High Y | $64M | 35.5% | — | 1.8 yr |
| SJNKState Street SPDR Bloomb | $50M | 27.6% | — | 3.0 yr |
| BKLNInvesco Senior Loan ETF | $40M | 22.2% | — | 3.0 yr |
| — | $15M | 8.2% | — | 1.8 yr |
| — | $6M | 3.4% | — | 0.3 yr |
| ONITOnity Group Inc. | $3M | 1.7% | +21.5% | 0.3 yr |
| TLTiShares 20+ Year Treasur | $2M | 1.3% | — | 0.3 yr |
| — | $0M | 0.0% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management - Bonds64.4%+43.0pp$116M
Asset Management22.2%-25.7pp$40M
Unknown11.7%+0.9pp$21M
Financial - Mortgages1.7%$3M
Country
US88.3%-0.9pp
Unknown11.7%+0.9pp
Top 5: 96.9% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $181M | 8 | +28.96% | +17.59% | +11.37% | +0.01B |
| 2025-12-31 | $170M | 7 | +6.12% | +17.72% | -11.60% | +0.06B |
| 2025-09-30 | $85M | 7 | -8.07% | +17.52% | -25.59% | -0.10B |
| 2025-06-30 | $147M | 8 | -31.84% | +14.94% | -46.78% | +0.05B |
| 2025-03-31 | $117M | 8 | -40.70% | +8.30% | -49.00% | +0.06B |
| 2024-12-31 | $70M | 8 | -82.50% | +24.89% | -107.38% | -0.12B |
| 2024-09-30 | $169M | 8 | -87.86% | +36.04% | -123.90% | +0.10B |
| 2024-06-30 | $74M | 8 | -78.28% | +24.49% | -102.77% | -0.01B |
| 2024-03-31 | $116M | 7 | -75.76% | +10.39% | -86.15% | +0.09B |
| 2023-12-31 | $124M | 8 | -20.42% | +11.64% | -32.05% | +0.05B |
| 2023-09-30 | $95M | 8 | +63.64% | -3.22% | +66.87% | -0.01B |
| 2023-06-30 | $63M | 4 | — | — | — | -0.01B |
| 2023-03-31 | $70M | 4 | — | — | — | -0.03B |
| 2022-12-31 | $96M | 4 | +13.75% | +7.56% | +6.19% | +0.05B |
| 2022-09-30 | $39M | 3 | — | — | — | -0.00B |
| 2022-06-30 | $41M | 3 | — | — | — | +0.03B |