Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.07%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.11%
baseline attrition
Rally response
-7.76%
trims into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $83M | 53.7% | — | 1.8 yr |
| AAPAdvance Auto Parts, Inc. | $71M | 46.3% | +37.1% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Unknown53.7%+12.5pp$83M
Specialty Retail46.3%$71M
Country
Unknown53.7%+12.5pp
US46.3%-12.5pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 1
| AAP Advance Auto Parts, Inc. | +$24M |
Top sells this quarter · 1
| HOG Harley-Davidson, Inc.exit | −$51M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $154M | 2 | -6.93% | +17.59% | -24.53% | -0.03B |
| 2025-12-31 | $158M | 3 | -31.14% | +17.72% | -48.86% | -0.06B |
| 2025-09-30 | $298M | 3 | -25.23% | +17.52% | -42.75% | -0.10B |
| 2025-06-30 | $330M | 2 | -27.94% | +14.94% | -42.88% | -0.13B |
| 2025-03-31 | $486M | 2 | -41.03% | +8.30% | -49.33% | -0.06B |
| 2024-12-31 | $645M | 2 | -16.62% | +24.89% | -41.51% | +0.10B |
| 2024-09-30 | $694M | 2 | +18.96% | +36.04% | -17.08% | -0.19B |
| 2024-06-30 | $767M | 2 | -1.25% | +24.49% | -25.74% | +0.14B |
| 2024-03-31 | $816M | 2 | +20.12% | +29.62% | -9.50% | -0.04B |
| 2023-12-31 | $721M | 2 | -7.78% | +26.18% | -33.95% | -0.03B |
| 2023-09-30 | $674M | 3 | -1.59% | +21.57% | -23.16% | -0.04B |
| 2023-06-30 | $746M | 3 | +13.83% | +19.42% | -5.59% | +0.02B |
| 2023-03-31 | $770M | 2 | -2.90% | -7.82% | +4.92% | +0.04B |
| 2022-12-31 | $793M | 2 | +19.67% | +7.56% | +12.11% | +0.03B |
| 2022-09-30 | $636M | 3 | +10.81% | -4.93% | +15.74% | -0.06B |
| 2022-06-30 | $631M | 3 | -20.05% | -16.11% | -3.94% | -0.17B |