Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-17.54%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.80%
baseline attrition
Rally response
-5.63%
trims into rallies
when a holding rises +10%+
Top positions · 6
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| COMMCommScope Holding Compan | $186M | 50.3% | — | 1.8 yr |
| SATSEchoStar Corporation | $97M | 26.3% | +357.7% | 2.0 yr |
| GBTGGlobal Business Travel G | $44M | 11.8% | -23.1% | 0.8 yr |
| MBCMasterBrand, Inc. | $17M | 4.5% | -36.4% | 0.3 yr |
| BITFBitfarms Ltd. | $14M | 3.8% | +203.2% | 0.3 yr |
| AMBPArdagh Metal Packaging S | $12M | 3.2% | +49.4% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Communication Equipment76.7%+26.2pp$283M
Software - Application11.8%$44M
Furnishings, Fixtures & Appliances4.5%$17M
Financial - Capital Markets3.8%$14M
Packaging & Containers3.2%$12M
Country
US93.0%+42.5pp
CA3.8%
LU3.2%
Top 5: 96.8% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SATS | $73M | +0.26B | 357.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $369M | 6 | +265.50% | +17.59% | +247.91% | -0.03B |
| 2025-12-31 | $411M | 4 | +289.23% | +17.72% | +271.51% | -0.14B |
| 2025-09-30 | $421M | 4 | +221.98% | +17.52% | +204.46% | +0.21B |
| 2025-06-30 | $83M | 1 | +94.80% | +14.94% | +79.85% | -0.13B |
| 2025-03-31 | $189M | 3 | +109.36% | +8.30% | +101.06% | -0.31B |
| 2024-12-31 | $479M | 4 | +88.35% | +24.89% | +63.46% | +0.02B |
| 2024-09-30 | $424M | 4 | +111.95% | +36.04% | +75.92% | +0.33B |
| 2024-06-30 | $64M | 2 | +60.17% | +24.49% | +35.68% | -0.03B |
| 2024-03-31 | $82M | 3 | +87.09% | +29.62% | +57.47% | +0.01B |
| 2023-12-31 | $73M | 2 | +99.76% | +26.18% | +73.58% | -0.06B |
| 2023-09-30 | $109M | 3 | +67.58% | +21.57% | +46.01% | -0.04B |
| 2023-06-30 | $125M | 3 | +47.04% | +19.42% | +27.61% | -0.04B |
| 2023-03-31 | $120M | 3 | -16.23% | -7.82% | -8.41% | -0.08B |
| 2022-12-31 | $198M | 5 | +2.49% | +7.56% | -5.07% | -0.02B |
| 2022-09-30 | $211M | 5 | +2.36% | -4.93% | +7.29% | -0.06B |
| 2022-06-30 | $260M | 6 | -20.35% | -16.11% | -4.24% | -0.13B |