Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.53%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.78%
steady accumulation
Rally response
-1.41%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AEMAgnico Eagle Mines Limit | $24M | 7.8% | +89.2% | 5.5 yr |
| METMetLife, Inc. | $12M | 4.0% | -9.3% | 10.0 yr |
| CTOCTO Realty Growth, Inc. | $12M | 3.9% | +4.2% | 3.8 yr |
| TSBKTimberland Bancorp, Inc. | $11M | 3.7% | +35.0% | 10.0 yr |
| EXSRExchange Bank (Santa Ros | $11M | 3.6% | +39.5% | 8.3 yr |
| SHELShell plc | $10M | 3.3% | +32.0% | 4.3 yr |
| — | $10M | 3.3% | — | 2.5 yr |
| FENYFidelity MSCI Energy Ind | $9M | 2.9% | — | 4.3 yr |
| PKBKParke Bancorp, Inc. | $9M | 2.9% | +56.0% | 8.5 yr |
| FBIZFirst Business Financial | $8M | 2.7% | +17.1% | 8.3 yr |
| SBFGSB Financial Group, Inc. | $8M | 2.6% | +3.9% | 9.5 yr |
| ETEnergy Transfer LP | $7M | 2.3% | +12.1% | 4.5 yr |
| VZVerizon Communications I | $7M | 2.3% | +16.5% | 5.8 yr |
| MRKMerck & Co., Inc. | $7M | 2.3% | +38.9% | 10.3 yr |
| PFEPfizer Inc. | $7M | 2.3% | +18.8% | 10.3 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional37.1%-0.5pp$115M
Unknown8.0%-0.3pp$25M
Gold7.9%+1.7pp$25M
Asset Management7.4%+1.7pp$23M
Drug Manufacturers - General4.7%-0.4pp$14M
Insurance - Life4.0%-1.6pp$12M
REIT - Diversified3.9%+2.4pp$12M
Oil & Gas Integrated3.4%-0.1pp$11M
Telecommunications Services2.9%+0.4pp$9M
Oil & Gas Midstream2.3%-0.9pp$7M
Country
US78.8%-0.2pp
CA8.0%+1.8pp
Unknown8.0%-0.3pp
GB3.9%-1.3pp
BM1.2%-0.0pp
TW0.0%
IE0.0%-0.0pp
Top 5: 23.0% · Top 10: 38.1% · Top 25: 68.1%
Top buys this quarter · 15
| NOG Northern Oil and Gas, Inc. | +$1M |
| MET MetLife, Inc. | +$12M |
| XRN Chiron Real Estate Inc. | +$1M |
| BORT Bank of Botetourt | +$1M |
| ENR Energizer Holdings, Inc. | +$0M |
| VICI VICI Properties Inc. | +$0M |
| BBT Beacon Financial Corp. | +$0M |
| WY Weyerhaeuser Company | +$0M |
| VZ Verizon Communications Inc. | +$0M |
| CZBT Citizens Bancorp of Virginia, | +$0M |
Top sells this quarter · 15
| LXP LXP Industrial Trustexit | −$3M |
| AEM Agnico Eagle Mines Limited | −$20M |
| ES Eversource Energy | −$0M |
| ABCB Ameris Bancorp | −$0M |
| JCI Johnson Controls International | −$0M |
| B Barrick Mining Corporationexit | −$0M |
| SKE.TO Skeena Resources Limited | −$0M |
| CTO CTO Realty Growth, Inc. | −$0M |
| SHEL Shell plc | −$8M |
| EXSR Exchange Bank (Santa Rosa, CA) | −$10M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $310M | 95 | +28.88% | +17.59% | +11.29% | +0.00B |
| 2025-12-31 | $282M | 98 | +21.16% | +17.72% | +3.44% | +0.00B |
| 2025-09-30 | $262M | 99 | +13.43% | +17.52% | -4.09% | -0.00B |
| 2025-06-30 | $247M | 96 | +17.17% | +14.94% | +2.23% | +0.00B |
| 2025-03-31 | $238M | 93 | +12.46% | +8.30% | +4.16% | -0.06B |
| 2024-12-31 | $290M | 118 | +9.77% | +24.89% | -15.11% | +0.01B |
| 2024-09-30 | $283M | 111 | +22.76% | +36.04% | -13.28% | +0.01B |
| 2024-06-30 | $247M | 109 | +9.01% | +24.49% | -15.49% | -0.00B |
| 2024-03-31 | $250M | 108 | +6.99% | +29.62% | -22.63% | +0.02B |
| 2023-12-31 | $232M | 104 | +0.05% | +26.18% | -26.12% | -0.01B |
| 2023-09-30 | $218M | 110 | -1.09% | +21.57% | -22.65% | +0.01B |
| 2023-06-30 | $213M | 101 | -6.97% | +19.42% | -26.39% | -0.00B |
| 2023-03-31 | $223M | 103 | -14.89% | -7.82% | -7.08% | -0.00B |
| 2022-12-31 | $240M | 104 | -12.87% | -18.17% | +5.30% | +0.00B |
| 2022-09-30 | $215M | 100 | -12.24% | -15.51% | +3.27% | -0.03B |
| 2022-06-30 | $259M | 107 | -5.45% | -10.62% | +5.17% | +0.01B |