Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.43%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.84%
baseline attrition
Rally response
-2.71%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGAlphabet Inc. | $13M | 6.8% | +84.3% | 5.5 yr |
| NVDANVIDIA Corporation | $11M | 6.1% | +60.9% | 4.0 yr |
| AAPLApple Inc. | $10M | 5.2% | +14.7% | 5.5 yr |
| CCJCameco Corporation | $9M | 4.8% | +164.4% | 5.5 yr |
| JEFJefferies Financial Grou | $8M | 4.4% | -20.7% | 5.5 yr |
| SATSEchoStar Corporation | $8M | 4.2% | +357.7% | 0.5 yr |
| NMMNavios Maritime Partners | $6M | 3.2% | +72.8% | 1.8 yr |
| VRTVertiv Holdings Co | $6M | 3.0% | +247.5% | 5.5 yr |
| GLWCorning Incorporated | $6M | 3.0% | +201.5% | 5.5 yr |
| GSThe Goldman Sachs Group, | $5M | 2.7% | +58.1% | 5.5 yr |
| BRK-BBerkshire Hathaway Inc. | $5M | 2.7% | — | 5.5 yr |
| GEVGE Vernova Inc. | $5M | 2.6% | +186.8% | 2.0 yr |
| HALHalliburton Company | $4M | 2.3% | +57.9% | 3.8 yr |
| MGMMGM Resorts Internationa | $4M | 2.2% | +24.9% | 4.3 yr |
| CNQCanadian Natural Resourc | $4M | 2.1% | +66.0% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors9.1%+0.4pp$17M
Financial - Capital Markets7.3%-3.2pp$14M
Internet Content & Information7.2%+0.4pp$13M
Asset Management5.2%-0.5pp$10M
Consumer Electronics5.2%-2.4pp$10M
Uranium4.8%-1.5pp$9M
Communication Equipment4.2%$8M
Insurance - Diversified3.7%-2.6pp$7M
Renewable Utilities3.6%+1.4pp$7M
Oil & Gas Equipment & Services3.4%+1.2pp$6M
Country
US86.7%+0.4pp
CA9.1%-1.4pp
MC3.2%+1.5pp
CH1.0%+0.2pp
Top 5: 27.3% · Top 10: 43.5% · Top 25: 69.7%
Top buys this quarter · 15
| SATS EchoStar Corporation | +$2M |
| NMM Navios Maritime Partners L.P. | +$1M |
| RIG Transocean Ltd.new | +$1M |
| TDW Tidewater Inc. | +$0M |
| GS The Goldman Sachs Group, Inc. | +$0M |
| MCK McKesson Corporation | +$0M |
| MS Morgan Stanley | +$0M |
| PWR Quanta Services, Inc. | +$0M |
| AVAV AeroVironment, Inc. | +$0M |
| PANW Palo Alto Networks, Inc. | +$0M |
Top sells this quarter · 15
| CCJ Cameco Corporation | −$7M |
| ORLA Orla Mining Ltd.exit | −$1M |
| LIN Linde plcexit | −$1M |
| LYB LyondellBasell Industries N.V.exit | −$0M |
| COST Costco Wholesale Corporation | −$0M |
| SAP SAP SEexit | −$0M |
| MSFT Microsoft Corporation | −$0M |
| BX Blackstone Inc.exit | −$0M |
| XYL Xylem Inc. | −$0M |
| APO Apollo Global Management, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $185M | 108 | +46.33% | +17.59% | +28.74% | -0.01B |
| 2025-12-31 | $185M | 112 | +26.58% | +17.72% | +8.87% | +0.00B |
| 2025-09-30 | $174M | 105 | +26.23% | +17.52% | +8.71% | -0.00B |
| 2025-06-30 | $154M | 102 | +14.85% | +14.94% | -0.10% | -0.01B |
| 2025-03-31 | $139M | 97 | +5.12% | +8.30% | -3.18% | +0.01B |
| 2024-12-31 | $143M | 100 | +26.57% | +24.89% | +1.69% | -0.02B |
| 2024-09-30 | $151M | 102 | +28.63% | +36.04% | -7.41% | -0.00B |
| 2024-06-30 | $145M | 97 | +27.99% | +24.49% | +3.50% | -0.00B |
| 2024-03-31 | $140M | 99 | +30.74% | +29.62% | +1.12% | +0.00B |
| 2023-12-31 | $127M | 91 | +26.52% | +26.18% | +0.35% | +0.00B |
| 2023-09-30 | $116M | 93 | +24.13% | +21.57% | +2.56% | -0.01B |
| 2023-06-30 | $118M | 98 | +18.34% | +19.42% | -1.08% | +0.00B |
| 2023-03-31 | $105M | 92 | -6.97% | -7.82% | +0.85% | -0.01B |
| 2022-12-31 | $107M | 88 | -15.50% | -18.17% | +2.67% | +0.00B |
| 2022-09-30 | $101M | 87 | -11.07% | -15.51% | +4.44% | -0.00B |
| 2022-06-30 | $103M | 90 | -9.35% | -10.62% | +1.27% | -0.01B |