Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.10%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.85%
baseline attrition
Rally response
-11.22%
trims into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JEPIJPMorgan Equity Premium | $87M | 40.6% | — | 3.0 yr |
| EICEagle Point Income Compa | $36M | 16.8% | -28.4% | 6.5 yr |
| KKRKKR & Co. Inc. | $24M | 11.3% | -19.5% | 6.5 yr |
| BXBlackstone Inc. | $19M | 8.8% | -14.9% | 0.5 yr |
| APOApollo Global Management | $19M | 8.7% | -17.4% | 0.5 yr |
| JRVRJames River Group Holdin | $16M | 7.6% | +51.1% | 0.5 yr |
| OBDCBlue Owl Capital Corpora | $7M | 3.1% | -17.8% | 3.3 yr |
| ARCCAres Capital Corporation | $7M | 3.0% | -10.7% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management - Income57.4%+3.0pp$123M
Asset Management31.9%+11.6pp$69M
Insurance - Specialty7.6%$16M
Financial - Credit Services3.1%-0.7pp$7M
Country
US92.4%+13.9pp
BM7.6%
Top 5: 86.3% · Top 10: 100.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $215M | 8 | -21.03% | +17.59% | -38.62% | +0.01B |
| 2025-12-31 | $256M | 10 | -10.51% | +17.72% | -28.23% | -0.00B |
| 2025-09-30 | $271M | 11 | +10.20% | +17.52% | -7.32% | +0.00B |
| 2025-06-30 | $272M | 11 | +30.78% | +14.94% | +15.84% | -0.00B |
| 2025-03-31 | $265M | 11 | +30.39% | +8.30% | +22.09% | -0.00B |
| 2024-12-31 | $288M | 11 | +70.27% | +24.89% | +45.38% | -0.17B |
| 2024-09-30 | $389M | 7 | +75.77% | +36.04% | +39.74% | -0.02B |
| 2024-06-30 | $349M | 7 | +60.41% | +24.49% | +35.92% | -0.03B |
| 2024-03-31 | $372M | 7 | +64.33% | +29.62% | +34.71% | -0.04B |
| 2023-12-31 | $341M | 7 | +46.80% | +26.18% | +20.63% | -0.03B |
| 2023-09-30 | $302M | 9 | +32.22% | +21.57% | +10.65% | -0.05B |
| 2023-06-30 | $334M | 11 | +14.34% | +19.42% | -5.08% | +0.05B |
| 2023-03-31 | $274M | 9 | -5.59% | -7.82% | +2.23% | -0.11B |
| 2022-12-31 | $358M | 12 | +9.64% | +7.56% | +2.08% | +0.00B |
| 2022-09-30 | $325M | 12 | -7.58% | -4.93% | -2.65% | -0.03B |
| 2022-06-30 | $380M | 12 | -13.48% | -16.11% | +2.63% | +0.00B |