Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+10.32%
adds when stocks drop
when a holding falls −10%+
Middle response
-7.47%
baseline attrition
Rally response
-4.20%
trims into rallies
when a holding rises +10%+
Top positions · 16
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IBKRInteractive Brokers Grou | $86M | 18.8% | +62.8% | 10.3 yr |
| UPWKUpwork Inc. | $65M | 14.2% | -16.0% | 7.0 yr |
| SATSEchoStar Corporation | $64M | 13.9% | +357.7% | 1.0 yr |
| MELIMercadoLibre, Inc. | $55M | 12.0% | -11.4% | 0.3 yr |
| ALLYAlly Financial Inc. | $51M | 11.2% | +11.1% | 2.8 yr |
| STLAStellantis N.V. | $23M | 4.9% | -31.0% | 5.3 yr |
| TBNTamboran Resources Corp | $22M | 4.8% | +108.4% | 1.8 yr |
| GTLBGitLab Inc. | $16M | 3.5% | -54.0% | 0.3 yr |
| — | $16M | 3.5% | — | 1.0 yr |
| LOMALoma Negra CompañÃa In | $16M | 3.5% | +0.9% | 2.0 yr |
| SPTSprout Social, Inc. | $14M | 3.2% | -74.1% | 0.3 yr |
| CPNGCoupang, Inc. | $11M | 2.4% | -13.9% | 0.3 yr |
| ULCCFrontier Group Holdings, | $11M | 2.4% | -18.7% | 4.8 yr |
| THRYThryv Holdings, Inc. | $4M | 0.9% | -78.6% | 1.0 yr |
| VLRSControladora Vuela Compa | $3M | 0.6% | +38.7% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Investment - Banking & Investment Services18.8%-1.4pp$86M
Specialty Retail14.5%+3.2pp$66M
Staffing & Employment Services14.2%-0.4pp$65M
Communication Equipment13.9%$64M
Financial - Credit Services11.2%+0.3pp$51M
Software - Application6.7%$31M
Auto - Manufacturers4.9%-6.2pp$23M
Oil & Gas Exploration & Production4.8%-0.5pp$22M
Unknown3.5%$16M
Construction Materials3.5%-1.2pp$16M
Country
US72.9%+2.8pp
UY12.1%
NL4.9%-6.2pp
Unknown3.5%
AR3.5%-1.2pp
KR2.4%
MX0.6%-2.2pp
Top 5: 70.2% · Top 10: 90.4% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $459M | 16 | +22.08% | +17.59% | +4.49% | +0.08B |
| 2025-12-31 | $442M | 11 | +33.02% | +17.72% | +15.30% | -0.01B |
| 2025-09-30 | $416M | 12 | +40.23% | +17.52% | +22.71% | +0.03B |
| 2025-06-30 | $310M | 15 | +12.18% | +14.94% | -2.76% | -0.05B |
| 2025-03-31 | $337M | 12 | -6.71% | +8.30% | -15.02% | -0.10B |
| 2024-12-31 | $470M | 14 | +16.36% | +24.89% | -8.52% | -0.03B |
| 2024-09-30 | $432M | 14 | +30.63% | +36.04% | -5.41% | +0.04B |
| 2024-06-30 | $390M | 17 | +22.57% | +24.49% | -1.93% | -0.04B |
| 2024-03-31 | $495M | 16 | +52.44% | +29.62% | +22.81% | -0.19B |
| 2023-12-31 | $600M | 17 | +71.05% | +26.18% | +44.87% | -0.00B |
| 2023-09-30 | $466M | 17 | +20.29% | +21.57% | -1.28% | +0.02B |
| 2023-06-30 | $472M | 18 | +19.51% | +19.42% | +0.08% | -0.03B |
| 2023-03-31 | $459M | 17 | -13.64% | -7.82% | -5.82% | -0.15B |
| 2022-12-31 | $473M | 21 | -9.12% | +7.56% | -16.68% | -0.01B |
| 2022-09-30 | $536M | 21 | -6.34% | -4.93% | -1.41% | -0.07B |
| 2022-06-30 | $645M | 20 | -21.34% | -16.11% | -5.23% | +0.05B |