Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.43%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.03%
baseline attrition
Rally response
-8.16%
trims into rallies
when a holding rises +10%+
Top positions · 21
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SATSEchoStar Corporation | $186M | 31.5% | +357.7% | 2.3 yr |
| GBTGGlobal Business Travel G | $123M | 20.8% | -23.1% | 0.8 yr |
| AERAerCap Holdings N.V. | $55M | 9.4% | +35.6% | 4.8 yr |
| TDSTelephone and Data Syste | $54M | 9.1% | +9.1% | 1.3 yr |
| MOHMolina Healthcare, Inc. | $41M | 7.0% | -59.5% | 0.8 yr |
| COMMCommScope Holding Compan | $25M | 4.2% | — | 0.3 yr |
| ANTMElevance Health Inc. | $25M | 4.2% | — | 0.8 yr |
| CZRCaesars Entertainment, I | $11M | 1.9% | +5.7% | 2.3 yr |
| MBCMasterBrand, Inc. | $11M | 1.8% | -36.4% | 0.3 yr |
| ATUSAltice USA, Inc. | $11M | 1.8% | — | 4.8 yr |
| MSCStudio City Internationa | $8M | 1.3% | -32.9% | 7.5 yr |
| — | $8M | 1.3% | — | 0.3 yr |
| UNHUnitedHealth Group Incor | $7M | 1.3% | -46.9% | 1.0 yr |
| CNCCentene Corporation | $7M | 1.2% | -46.1% | 1.8 yr |
| MERCMercer International Inc | $7M | 1.1% | -76.4% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Communication Equipment35.7%+7.9pp$210M
Software - Application20.8%$123M
Medical - Healthcare Plans13.6%$80M
Telecommunications Services10.9%+3.4pp$64M
Rental & Leasing Services9.4%-18.9pp$55M
Gambling, Resorts & Casinos3.2%+0.5pp$19M
Furnishings, Fixtures & Appliances2.3%$14M
Unknown1.5%$9M
Paper, Lumber & Forest Products1.1%-0.7pp$7M
REIT - Retail0.8%+0.2pp$5M
Country
US86.6%+18.1pp
IE9.4%-18.9pp
Unknown1.5%
HK1.3%-0.1pp
CA1.1%-0.7pp
Top 5: 77.7% · Top 10: 91.7% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $590M | 21 | +121.36% | +17.59% | +103.77% | -0.11B |
| 2025-12-31 | $754M | 16 | +153.20% | +17.72% | +135.48% | -0.35B |
| 2025-09-30 | $899M | 16 | +106.09% | +17.52% | +88.57% | +0.04B |
| 2025-06-30 | $488M | 10 | +30.64% | +14.94% | +15.70% | -0.15B |
| 2025-03-31 | $586M | 12 | +26.31% | +8.30% | +18.01% | +0.03B |
| 2024-12-31 | $524M | 11 | +28.61% | +24.89% | +3.73% | +0.02B |
| 2024-09-30 | $504M | 13 | +57.26% | +36.04% | +21.22% | -0.02B |
| 2024-06-30 | $465M | 14 | +29.00% | +24.49% | +4.51% | -0.10B |
| 2024-03-31 | $532M | 17 | +36.83% | +29.62% | +7.20% | +0.06B |
| 2023-12-31 | $431M | 16 | +25.85% | +26.18% | -0.33% | -0.12B |
| 2023-09-30 | $448M | 19 | +23.92% | +21.57% | +2.36% | -0.04B |
| 2023-06-30 | $532M | 21 | +26.08% | +19.42% | +6.65% | +0.01B |
| 2023-03-31 | $467M | 25 | -16.65% | -7.82% | -8.83% | -0.13B |
| 2022-12-31 | $596M | 27 | +20.49% | +7.56% | +12.93% | -0.07B |
| 2022-09-30 | $550M | 32 | -6.73% | -4.93% | -1.80% | -0.07B |
| 2022-06-30 | $663M | 35 | -25.61% | -16.11% | -9.50% | -0.08B |