Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.89%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.17%
baseline attrition
Rally response
-0.33%
trims into rallies
when a holding rises +10%+
Top positions · 9
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTOLBristow Group Inc. | $135M | 39.9% | +48.9% | 6.0 yr |
| VLOValero Energy Corporatio | $47M | 13.8% | +92.6% | 5.0 yr |
| — | $41M | 12.1% | — | 3.3 yr |
| CVXChevron Corporation | $37M | 10.9% | +29.2% | 5.3 yr |
| XOMExxon Mobil Corporation | $35M | 10.3% | +47.6% | 5.3 yr |
| RIGTransocean Ltd. | $30M | 8.8% | +109.1% | 2.8 yr |
| BKRBaker Hughes Company | $11M | 3.2% | +41.7% | 3.0 yr |
| CNKCinemark Holdings, Inc. | $3M | 1.0% | +16.0% | 4.0 yr |
| EAFGrafTech International L | $0M | 0.1% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Equipment & Services43.0%+1.3pp$146M
Oil & Gas Integrated21.2%-6.1pp$72M
Oil & Gas Refining & Marketing13.8%+4.4pp$47M
Unknown12.1%-2.6pp$41M
Oil & Gas Drilling8.8%+3.2pp$30M
Entertainment1.0%-0.2pp$3M
Electrical Equipment & Parts0.1%$0M
Country
US79.1%-0.5pp
Unknown12.1%-2.6pp
CH8.8%+3.2pp
Top 5: 87.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| VTOL | $99M | +0.05B | 48.9% |
| VLO | $24M | +0.02B | 92.6% |
| XOM | $38M | +0.02B | 47.6% |
| RIG | $14M | +0.02B | 109.1% |
| CVX | $31M | +0.01B | 29.2% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 1
| XOM Exxon Mobil Corporation | −$17M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $338M | 9 | +54.42% | +17.59% | +36.82% | -0.04B |
| 2025-12-31 | $276M | 9 | +11.60% | +17.72% | -6.12% | -0.01B |
| 2025-09-30 | $279M | 8 | +5.08% | +17.52% | -12.43% | +0.00B |
| 2025-06-30 | $248M | 8 | -7.72% | +14.94% | -22.66% | +0.00B |
| 2025-03-31 | $253M | 8 | +1.44% | +8.30% | -6.86% | -0.02B |
| 2024-12-31 | $277M | 9 | +7.25% | +24.89% | -17.64% | -0.03B |
| 2024-09-30 | $315M | 9 | +2.08% | +36.04% | -33.96% | +0.01B |
| 2024-06-30 | $313M | 9 | +9.45% | +24.49% | -15.04% | -0.00B |
| 2024-03-31 | $294M | 9 | +13.70% | +29.62% | -15.93% | -0.00B |
| 2023-12-31 | $281M | 9 | +11.89% | +26.18% | -14.29% | +0.02B |
| 2023-09-30 | $283M | 9 | +53.76% | +21.57% | +32.20% | +0.02B |
| 2023-06-30 | $246M | 8 | +32.58% | +19.42% | +13.16% | -0.03B |
| 2023-03-31 | $252M | 9 | -10.43% | -7.82% | -2.62% | -0.10B |
| 2022-12-31 | $338M | 12 | +26.66% | +7.56% | +19.10% | -0.05B |
| 2022-09-30 | $310M | 12 | -9.13% | -4.93% | -4.20% | -0.02B |
| 2022-06-30 | $364M | 13 | -24.66% | -16.11% | -8.55% | +0.02B |