Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.17%
adds when stocks drop
when a holding falls −10%+
Middle response
-10.38%
baseline attrition
Rally response
-2.59%
trims into rallies
when a holding rises +10%+
Top positions · 28
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLDSPDR Gold Shares | $410M | 73.8% | — | 0.5 yr |
| UNITUniti Group Inc. | $73M | 13.1% | — | 0.8 yr |
| TSLATesla, Inc. | $15M | 2.6% | +43.4% | 0.8 yr |
| ADTADT Inc. | $14M | 2.5% | -16.9% | 2.3 yr |
| ALVOAlvotech | $9M | 1.7% | -64.5% | 4.0 yr |
| GNWGenworth Financial, Inc. | $6M | 1.0% | +14.5% | 1.3 yr |
| BXMTBlackstone Mortgage Trus | $5M | 0.8% | +3.0% | 2.3 yr |
| ASTLAlgoma Steel Group Inc. | $4M | 0.7% | -23.2% | 4.0 yr |
| HYGiShares iBoxx $ High Yie | $3M | 0.5% | — | 0.5 yr |
| — | $3M | 0.5% | — | 0.3 yr |
| AMBCAmbac Financial Group, I | $3M | 0.5% | — | 6.5 yr |
| ATUSAltice USA, Inc. | $2M | 0.4% | — | 1.8 yr |
| — | $2M | 0.4% | — | 6.5 yr |
| AQSTAquestive Therapeutics, | $2M | 0.3% | +43.1% | 6.5 yr |
| RNAAtrium Therapeutics, Inc | $2M | 0.3% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management73.8%+71.7pp$410M
Telecommunications Services13.5%-2.3pp$75M
Auto - Manufacturers2.6%$15M
Security & Protection Services2.5%-8.4pp$14M
Drug Manufacturers - Specialty & Generic2.0%-15.4pp$11M
REIT - Mortgage1.1%-2.4pp$6M
Insurance - Life1.0%-7.8pp$6M
Unknown0.9%-21.6pp$5M
Steel0.7%-2.5pp$4M
Asset Management - Bonds0.5%$3M
Country
US96.5%+38.7pp
IS1.7%-14.9pp
Unknown0.9%-21.6pp
CA0.7%-2.5pp
IE0.2%
KY0.0%
Top 5: 93.6% · Top 10: 97.2% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $556M | 28 | +12.09% | +17.59% | -5.51% | +0.26B |
| 2025-12-31 | $275M | 27 | -10.53% | +17.72% | -28.24% | +0.04B |
| 2025-09-30 | $240M | 30 | -6.46% | +17.52% | -23.98% | +0.06B |
| 2025-06-30 | $188M | 31 | +2.49% | +14.94% | -12.46% | +0.02B |
| 2025-03-31 | $158M | 31 | -8.22% | +8.30% | -16.52% | -0.71B |
| 2024-12-31 | $1.01B | 35 | +12.55% | +24.89% | -12.33% | +0.74B |
| 2024-09-30 | $263M | 36 | +38.49% | +36.04% | +2.45% | +0.05B |
| 2024-06-30 | $199M | 36 | +51.60% | +24.49% | +27.11% | -0.31B |
| 2024-03-31 | $522M | 37 | +12.17% | +29.62% | -17.46% | +0.43B |
| 2023-12-31 | $85M | 36 | +28.13% | +26.18% | +1.95% | -0.03B |
| 2023-09-30 | $93M | 44 | +44.37% | +21.57% | +22.81% | -0.09B |
| 2023-06-30 | $161M | 57 | +4.02% | +19.42% | -15.41% | +0.03B |
| 2023-03-31 | $175M | 68 | +6.25% | -7.82% | +14.07% | -0.14B |
| 2022-12-31 | $263M | 80 | +43.24% | +7.56% | +35.67% | -0.13B |
| 2022-09-30 | $273M | 92 | -16.43% | -4.93% | -11.50% | +0.02B |
| 2022-06-30 | $303M | 93 | -26.20% | -16.11% | -10.09% | +0.10B |