Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.29%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.23%
baseline attrition
Rally response
-0.29%
trims into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ETEnergy Transfer LP | $105M | 61.3% | +12.1% | 4.5 yr |
| WESTWestrock Coffee Company, | $34M | 20.1% | -41.1% | 3.8 yr |
| LAWCS Disco, Inc. | $30M | 17.4% | -6.6% | 4.5 yr |
| — | $2M | 1.3% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Midstream61.3%+7.9pp$105M
Packaged Foods20.1%-10.1pp$34M
Software - Application17.4%+0.9pp$30M
Unknown1.3%$2M
Country
US98.7%-1.3pp
Unknown1.3%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| — new | +$0M |
Top sells this quarter · 1
| ET Energy Transfer LP | −$92M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $172M | 4 | -7.83% | +17.59% | -25.42% | -0.00B |
| 2025-12-31 | $185M | 3 | -3.55% | +17.72% | -21.27% | -0.00B |
| 2025-09-30 | $185M | 3 | +1.83% | +17.52% | -15.69% | -0.00B |
| 2025-06-30 | $182M | 3 | -15.74% | +14.94% | -30.68% | -0.00B |
| 2025-03-31 | $194M | 3 | -16.24% | +8.30% | -24.54% | -0.00B |
| 2024-12-31 | $200M | 3 | -7.87% | +24.89% | -32.76% | -0.00B |
| 2024-09-30 | $188M | 3 | -4.93% | +36.04% | -40.97% | -0.00B |
| 2024-06-30 | $225M | 4 | -0.24% | +24.49% | -24.74% | -0.01B |
| 2024-03-31 | $251M | 4 | +7.80% | +29.62% | -21.82% | -0.01B |
| 2023-12-31 | $239M | 4 | -1.49% | +26.18% | -27.66% | -0.00B |
| 2023-09-30 | $221M | 4 | -9.43% | +21.57% | -31.00% | +0.00B |
| 2023-06-30 | $243M | 4 | -30.91% | +19.42% | -50.33% | -0.01B |
| 2023-03-31 | $252M | 4 | -60.13% | -7.82% | -52.31% | -0.01B |
| 2022-12-31 | $262M | 4 | +1.20% | +7.56% | -6.36% | -0.00B |
| 2022-09-30 | $261M | 4 | -31.55% | -4.93% | -26.62% | +0.10B |
| 2022-06-30 | $231M | 3 | -41.49% | -16.11% | -25.38% | -0.00B |