Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.12%
adds when stocks drop
when a holding falls −10%+
Middle response
+8.64%
steady accumulation
Rally response
-28.91%
trims into rallies
when a holding rises +10%+
Top positions · 28
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ETEnergy Transfer LP | $31M | 17.0% | +12.1% | 6.8 yr |
| EPDEnterprise Products Part | $25M | 13.7% | +18.7% | 6.0 yr |
| GOOGLAlphabet Inc. | $19M | 10.2% | — | 7.0 yr |
| MUMicron Technology, Inc. | $14M | 7.4% | +289.6% | 2.3 yr |
| AMZNAmazon.com, Inc. | $11M | 5.9% | +9.5% | 4.0 yr |
| IBITiShares Bitcoin Trust ET | $10M | 5.7% | — | 2.3 yr |
| BXBlackstone Inc. | $10M | 5.7% | -14.9% | 0.8 yr |
| BABAAlibaba Group Holding Li | $9M | 4.8% | -3.5% | 4.5 yr |
| METAMeta Platforms, Inc. | $9M | 4.7% | -0.4% | 4.0 yr |
| TSMTaiwan Semiconductor Man | $8M | 4.2% | +105.6% | 0.8 yr |
| NVDANVIDIA Corporation | $7M | 3.8% | +60.9% | 2.3 yr |
| UNHUnitedHealth Group Incor | $7M | 3.7% | -46.9% | 0.8 yr |
| CNCCentene Corporation | $6M | 3.0% | -46.1% | 0.8 yr |
| SLViShares Silver Trust | $3M | 1.9% | — | 0.5 yr |
| LBRTLiberty Energy Inc. | $3M | 1.6% | +86.0% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Midstream31.2%-4.7pp$57M
Internet Content & Information16.3%-9.5pp$30M
Semiconductors15.4%-3.2pp$28M
Asset Management13.2%+8.5pp$24M
Specialty Retail12.4%+9.3pp$23M
Medical - Healthcare Plans6.7%$12M
Oil & Gas Equipment & Services1.6%$3M
Software - Application1.0%$2M
Independent Power Producers0.8%+0.0pp$2M
Oil & Gas Exploration & Production0.7%$1M
Country
US89.0%+2.8pp
CN4.9%+3.1pp
TW4.2%-4.7pp
RU1.4%
Unknown0.4%
Top 5: 54.3% · Top 10: 79.3% · Top 25: 99.8%
Top buys this quarter · 12
| MU Micron Technology, Inc. | +$13M |
| BX Blackstone Inc. | +$9M |
| META Meta Platforms, Inc. | +$6M |
| UNH UnitedHealth Group Incorporate | +$4M |
| LBRT Liberty Energy Inc.new | +$3M |
| BABA Alibaba Group Holding Limited | +$3M |
| CNC Centene Corporation | +$1M |
| GOOGL Alphabet Inc. | +$0M |
| ET-PI Energy Transfer LPnew | +$0M |
| SLV iShares Silver Trust | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $183M | 28 | +22.67% | +17.59% | +5.08% | +0.03B |
| 2025-12-31 | $147M | 18 | +29.10% | +17.72% | +11.38% | +0.01B |
| 2025-09-30 | $134M | 17 | +26.80% | +17.52% | +9.28% | -0.00B |
| 2025-06-30 | $122M | 14 | +17.65% | +14.94% | +2.71% | -0.03B |
| 2025-03-31 | $149M | 15 | +16.08% | +8.30% | +7.78% | +0.02B |
| 2024-12-31 | $116M | 15 | +17.33% | +24.89% | -7.56% | +0.02B |
| 2024-09-30 | $97M | 13 | +16.87% | +36.04% | -19.17% | -0.02B |
| 2024-06-30 | $108M | 19 | +13.41% | +24.49% | -11.08% | +0.01B |
| 2024-03-31 | $103M | 16 | +14.20% | +29.62% | -15.42% | +0.01B |
| 2023-12-31 | $81M | 18 | +13.51% | +26.18% | -12.67% | -0.05B |
| 2023-09-30 | $132M | 27 | +10.90% | +21.57% | -10.67% | +0.03B |
| 2023-06-30 | $101M | 36 | +5.38% | +19.42% | -14.05% | +0.03B |
| 2023-03-31 | $68M | 27 | -36.94% | -7.82% | -29.12% | +0.00B |
| 2022-12-31 | $61M | 19 | -0.40% | +7.56% | -7.96% | +0.01B |
| 2022-09-30 | $56M | 25 | -2.43% | -4.93% | +2.49% | -0.00B |
| 2022-06-30 | $61M | 28 | -40.13% | -16.11% | -24.02% | +0.02B |