Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.32%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.03%
baseline attrition
Rally response
-6.33%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TDWTidewater Inc. | $27M | 7.2% | +97.7% | 0.8 yr |
| CHRDChord Energy Corporation | $24M | 6.5% | +32.8% | 5.3 yr |
| VALValaris Limited | $21M | 5.9% | +149.7% | 5.0 yr |
| MSBMesabi Trust | $20M | 5.6% | — | 10.3 yr |
| JOBYJoby Aviation, Inc. | $20M | 5.4% | +37.2% | 4.3 yr |
| RIVNRivian Automotive, Inc. | $19M | 5.0% | +20.9% | 2.0 yr |
| MLPMaui Land & Pineapple Co | $18M | 5.0% | -12.4% | 10.3 yr |
| INTCIntel Corporation | $16M | 4.3% | +94.3% | 0.3 yr |
| JEFJefferies Financial Grou | $15M | 4.1% | -20.7% | 0.5 yr |
| UNFIUnited Natural Foods, In | $14M | 3.8% | +64.5% | 7.3 yr |
| MUMicron Technology, Inc. | $13M | 3.6% | +289.6% | 6.3 yr |
| HYHyster-Yale Materials Ha | $13M | 3.5% | -18.5% | 3.3 yr |
| CDLRCadeler A/S | $12M | 3.2% | +19.7% | 2.5 yr |
| YOUClear Secure, Inc. | $12M | 3.2% | +90.4% | 0.5 yr |
| MBIMBIA Inc. | $11M | 3.1% | +18.7% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Equipment & Services13.1%+7.2pp$48M
Semiconductors9.9%+2.8pp$36M
Oil & Gas Exploration & Production8.6%-0.2pp$32M
Specialty Retail5.6%+1.8pp$21M
Steel5.6%-1.6pp$20M
Marine Shipping5.4%-0.9pp$20M
Airlines, Airports & Air Services5.4%+0.0pp$20M
Auto - Manufacturers5.0%-0.8pp$19M
Real Estate - Services5.0%-1.1pp$18M
Financial - Capital Markets4.1%$15M
Country
US85.7%+2.8pp
BM5.9%-0.1pp
DK3.2%-0.7pp
Unknown3.0%-2.1pp
GR2.2%+0.1pp
Top 5: 30.5% · Top 10: 52.8% · Top 25: 92.6%
Top buys this quarter · 8
| INTC Intel Corporationnew | +$16M |
| JEF Jefferies Financial Group Inc. | +$15M |
| BA The Boeing Company | +$1M |
| CART Instacart (Maplebear Inc.) | +$9M |
| AMZN Amazon.com, Inc. | +$11M |
| QCOM QUALCOMM Incorporated | +$8M |
| — | +$0M |
| VSNTV Versant Media Group, Inc. Clasnew | +$0M |
Top sells this quarter · 15
| VAL Valaris Limited | −$25M |
| MU Micron Technology, Inc. | −$20M |
| AL Air Lease Corporationexit | −$10M |
| CBL CBL & Associates Properties, I | −$8M |
| GLW Corning Incorporated | −$4M |
| UNFI United Natural Foods, Inc. | −$13M |
| LNG Cheniere Energy, Inc. | −$3M |
| IVZ Invesco Ltd.exit | −$2M |
| NYT The New York Times Company | −$1M |
| NE Noble Corporation Plc | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $367M | 35 | +43.11% | +17.59% | +25.52% | -0.05B |
| 2025-12-31 | $380M | 35 | +17.91% | +17.72% | +0.19% | +0.03B |
| 2025-09-30 | $344M | 34 | +17.50% | +17.52% | -0.02% | -0.01B |
| 2025-06-30 | $304M | 34 | -3.34% | +14.94% | -18.28% | +0.01B |
| 2025-03-31 | $265M | 33 | -8.51% | +8.30% | -16.81% | -0.01B |
| 2024-12-31 | $300M | 34 | +4.58% | +24.89% | -20.31% | -0.02B |
| 2024-09-30 | $314M | 34 | +13.01% | +36.04% | -23.03% | +0.01B |
| 2024-06-30 | $322M | 33 | +18.50% | +24.49% | -5.99% | +0.00B |
| 2024-03-31 | $308M | 33 | +17.49% | +29.62% | -12.13% | +0.00B |
| 2023-12-31 | $294M | 33 | +4.59% | +26.18% | -21.59% | -0.01B |
| 2023-09-30 | $275M | 32 | +15.13% | +21.57% | -6.44% | +0.00B |
| 2023-06-30 | $276M | 32 | +18.38% | +19.42% | -1.05% | +0.01B |
| 2023-03-31 | $263M | 33 | -0.78% | -7.82% | +7.04% | +0.00B |
| 2022-12-31 | $281M | 35 | +21.49% | +7.56% | +13.93% | -0.01B |
| 2022-09-30 | $243M | 36 | +2.32% | -4.93% | +7.24% | -0.00B |
| 2022-06-30 | $242M | 37 | -14.02% | -16.11% | +2.09% | -0.02B |