Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.71%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.80%
steady accumulation
Rally response
-1.31%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-BBerkshire Hathaway Inc. | $19M | 14.7% | — | 3.5 yr |
| OXYOccidental Petroleum Cor | $10M | 7.7% | +34.6% | 3.5 yr |
| — | $9M | 6.6% | — | 2.0 yr |
| LLYEli Lilly and Company | $8M | 6.3% | +12.2% | 3.5 yr |
| MSFTMicrosoft Corporation | $8M | 5.8% | -0.6% | 3.5 yr |
| SUSuncor Energy Inc. | $7M | 5.2% | +77.6% | 3.5 yr |
| IWSiShares Russell Mid-Cap | $6M | 4.5% | — | 2.3 yr |
| CVXChevron Corporation | $5M | 4.2% | +29.2% | 3.5 yr |
| GLNCYGlencore plc | $5M | 3.9% | — | 0.3 yr |
| BACBank of America Corporat | $5M | 3.9% | +19.4% | 3.5 yr |
| ACRSAclaris Therapeutics, In | $4M | 2.7% | +145.1% | 2.0 yr |
| BCIabrdn Bloomberg All Comm | $3M | 2.7% | — | 3.5 yr |
| CENXCentury Aluminum Company | $3M | 2.6% | +216.2% | 3.5 yr |
| CATOThe Cato Corporation | $3M | 2.5% | -15.0% | 3.5 yr |
| JPMJPMorgan Chase & Co. | $3M | 2.5% | +21.8% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Insurance - Diversified15.8%-7.3pp$21M
Oil & Gas Integrated9.6%+0.4pp$13M
Unknown8.6%+0.8pp$11M
Oil & Gas Exploration & Production7.9%-0.4pp$10M
Asset Management7.7%-0.5pp$10M
Software - Infrastructure7.1%+0.2pp$9M
Biotechnology6.7%+1.2pp$9M
Banks - Diversified6.6%-1.6pp$9M
Drug Manufacturers - General6.3%+0.3pp$8M
Industrial Materials3.9%+3.4pp$5M
Country
US80.4%-4.2pp
Unknown8.6%+0.8pp
CA7.1%-0.5pp
CH3.9%
Top 5: 41.0% · Top 10: 62.7% · Top 25: 93.2%
Top buys this quarter · 9
| LKQ LKQ Corporationnew | +$3M |
| MSFT Microsoft Corporation | +$8M |
| CATO The Cato Corporation | +$0M |
| BMO Bank of Montrealnew | +$0M |
| SIRI Sirius XM Holdings Inc. | +$0M |
| HURC Hurco Companies, Inc.new | +$0M |
| GLNCY Glencore plcnew | +$0M |
| EWJV iShares MSCI Japan Value ETFnew | +$0M |
| JCOM Ziff Davis, Inc.new | +$0M |
Top sells this quarter · 15
| SU Suncor Energy Inc. | −$5M |
| OXY Occidental Petroleum Corporati | −$7M |
| RELL Richardson Electronics, Ltd. | −$0M |
| XOM Exxon Mobil Corporation | −$0M |
| BAC Bank of America Corporation | −$0M |
| ACRS Aclaris Therapeutics, Inc. | −$3M |
| LLY Eli Lilly and Company | −$0M |
| ENB Enbridge Inc. | −$2M |
| CVX Chevron Corporation | −$4M |
| AMLX Amylyx Pharmaceuticals, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $131M | 43 | +31.88% | +17.59% | +14.29% | +0.01B |
| 2025-12-31 | $112M | 35 | +13.94% | +17.72% | -3.78% | -0.00B |
| 2025-09-30 | $109M | 33 | +10.25% | +17.52% | -7.27% | -0.01B |
| 2025-06-30 | $101M | 34 | -3.45% | +14.94% | -18.39% | -0.01B |
| 2025-03-31 | $106M | 41 | -3.11% | +8.30% | -11.42% | +0.01B |
| 2024-12-31 | $105M | 37 | +9.87% | +24.89% | -15.01% | -0.00B |
| 2024-09-30 | $110M | 37 | +13.98% | +36.04% | -22.06% | +0.00B |
| 2024-06-30 | $107M | 36 | +17.29% | +24.49% | -7.20% | -0.00B |
| 2024-03-31 | $105M | 33 | +14.64% | +29.62% | -14.99% | -0.00B |
| 2023-12-31 | $98M | 31 | +6.57% | +26.18% | -19.60% | -0.00B |
| 2023-09-30 | $98M | 33 | +1.54% | -3.22% | +4.76% | -0.00B |
| 2023-06-30 | $97M | 33 | +1.17% | +8.68% | -7.52% | -0.00B |
| 2023-03-31 | $98M | 34 | +0.23% | +7.46% | -7.23% | +0.00B |
| 2022-12-31 | $97M | 34 | — | — | — | — |