Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-16.28%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.75%
baseline attrition
Rally response
-12.46%
trims into rallies
when a holding rises +10%+
Top positions · 20
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BWBabcock & Wilcox Enterpr | $403M | 88.4% | +2084.7% | 6.8 yr |
| DDIDoubleDown Interactive C | $29M | 6.4% | -14.6% | 4.8 yr |
| — | $4M | 1.0% | — | 0.5 yr |
| RIOTRiot Platforms, Inc. | $4M | 0.9% | +73.6% | 0.3 yr |
| — | $3M | 0.7% | — | 1.3 yr |
| LFMDLifeMD, Inc. | $3M | 0.7% | -33.6% | 2.5 yr |
| TOIThe Oncology Institute, | $3M | 0.6% | +169.3% | 1.3 yr |
| TACTTransAct Technologies In | $2M | 0.4% | -10.6% | 5.0 yr |
| — | $1M | 0.3% | — | 0.8 yr |
| URGUr-Energy Inc. | $1M | 0.2% | +121.0% | 0.3 yr |
| NNNextNav Inc. | $1M | 0.2% | +31.6% | 2.0 yr |
| XBPXBP Global Holdings, Inc | $0M | 0.1% | — | 0.3 yr |
| — | $0M | 0.1% | — | 0.3 yr |
| MCWMister Car Wash, Inc. | $0M | 0.0% | -11.7% | 0.3 yr |
| BZAIBlaize Holdings, Inc. | $0M | 0.0% | -9.9% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery88.4%+65.1pp$403M
Electronic Gaming & Multimedia6.4%-46.7pp$29M
Unknown2.0%-8.8pp$9M
Financial - Capital Markets0.9%$4M
Medical - Pharmaceuticals0.7%$3M
Medical - Care Facilities0.6%+0.4pp$3M
Computer Hardware0.4%$2M
Internet Content & Information0.2%-3.0pp$1M
Uranium0.2%$1M
Software - Infrastructure0.1%-1.4pp$0M
Country
US91.6%+55.1pp
KR6.4%-46.3pp
Unknown2.0%-8.8pp
Top 5: 97.4% · Top 10: 99.5% · Top 25: 100.0%
Top buys this quarter · 9
| RIOT Riot Platforms, Inc.new | +$4M |
| LFMD LifeMD, Inc. | +$3M |
| URG Ur-Energy Inc.new | +$1M |
| TOI The Oncology Institute, Inc. | +$1M |
| XBP XBP Global Holdings, Inc.new | +$0M |
| MCW Mister Car Wash, Inc.new | +$0M |
| — | +$0M |
| — | +$4M |
| — new | +$0M |
Top sells this quarter · 14
| APLD Applied Digital Corporationexit | −$12M |
| NN NextNav Inc. | −$3M |
| DHC Diversified Healthcare Trust | −$1M |
| 0SZI.L Corbus Pharmaceuticals Holdingexit | −$0M |
| TGLS Tecnoglass Inc.exit | −$0M |
| CELH Celsius Holdings, Inc.exit | −$0M |
| ELF e.l.f. Beauty, Inc.exit | −$0M |
| DDI DoubleDown Interactive Co., Lt | −$0M |
| SDST Stardust Power Inc. | −$0M |
| NNAVW NextNav Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $456M | 20 | +576.43% | +17.59% | +558.84% | -0.01B |
| 2025-12-31 | $234M | 19 | +162.01% | +17.72% | +144.29% | +0.00B |
| 2025-09-30 | $136M | 19 | +12.80% | +17.52% | -4.72% | -0.01B |
| 2025-06-30 | $89M | 35 | -10.97% | +14.94% | -25.91% | -0.01B |
| 2025-03-31 | $79M | 20 | -13.17% | +8.30% | -21.47% | -0.01B |
| 2024-12-31 | $120M | 14 | +18.22% | +24.89% | -6.67% | +0.01B |
| 2024-09-30 | $150M | 15 | +6.22% | +36.04% | -29.82% | -0.01B |
| 2024-06-30 | $123M | 15 | -38.15% | +24.49% | -62.64% | -0.00B |
| 2024-03-31 | $105M | 14 | -45.72% | +29.62% | -75.34% | -0.06B |
| 2023-12-31 | $157M | 19 | -45.26% | +26.18% | -71.44% | -0.04B |
| 2023-09-30 | $297M | 24 | -10.38% | +21.57% | -31.94% | +0.00B |
| 2023-06-30 | $386M | 25 | +16.22% | +19.42% | -3.21% | -0.01B |
| 2023-03-31 | $382M | 44 | -25.75% | -7.82% | -17.93% | -0.09B |
| 2022-12-31 | $445M | 55 | +7.18% | +7.56% | -0.38% | -0.16B |
| 2022-09-30 | $562M | 69 | -1.45% | -4.93% | +3.47% | +0.12B |
| 2022-06-30 | $448M | 66 | -33.92% | -16.11% | -17.81% | +0.07B |