Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+13.84%
adds when stocks drop
when a holding falls −10%+
Middle response
+5.92%
steady accumulation
Rally response
-8.77%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $23M | 22.0% | — | 0.3 yr |
| SPYState Street SPDR S&P 50 | $13M | 12.5% | +17.6% | 4.0 yr |
| ENVAEnova International, Inc | $13M | 12.2% | +40.7% | 1.3 yr |
| — | $10M | 10.0% | — | 0.3 yr |
| TDGTransDigm Group Incorpor | $7M | 7.0% | -10.5% | 5.5 yr |
| BXBlackstone Inc. | $7M | 6.7% | -14.9% | 1.0 yr |
| — | $6M | 6.0% | — | 0.5 yr |
| KKRKKR & Co. Inc. | $6M | 5.4% | -19.5% | 0.3 yr |
| TRTXTPG RE Finance Trust, In | $5M | 4.4% | +4.3% | 1.8 yr |
| HLFHerbalife Nutrition Ltd. | $4M | 3.7% | +70.6% | 1.8 yr |
| FBRTFranklin BSP Realty Trus | $3M | 3.2% | -26.4% | 0.5 yr |
| AMZNAmazon.com, Inc. | $3M | 3.1% | +9.5% | 0.3 yr |
| NCLHNorwegian Cruise Line Ho | $2M | 2.2% | -1.4% | 1.0 yr |
| — | $0M | 0.4% | — | 0.3 yr |
| GPMTGranite Point Mortgage T | $0M | 0.3% | -41.9% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Unknown38.5%+6.5pp$40M
Asset Management24.7%-27.7pp$26M
Financial - Credit Services12.2%+10.7pp$13M
REIT - Mortgage7.9%$8M
Aerospace & Defense7.0%-1.2pp$7M
Packaged Foods3.7%+0.6pp$4M
Specialty Retail3.1%$3M
Travel Services2.2%-0.1pp$2M
Financial - Conglomerates0.2%$0M
Oil & Gas Energy0.1%+0.1pp$0M
Country
US61.4%-6.5pp
Unknown38.5%+6.5pp
KY0.0%+0.0pp
GB0.0%-0.0pp
BR0.0%+0.0pp
Top 5: 63.7% · Top 10: 90.0% · Top 25: 99.8%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| TDG | $10M | -0.00B | -10.5% |
Top buys this quarter · 11
| KKR KKR & Co. Inc.new | +$6M |
| BX Blackstone Inc. | +$6M |
| SPY State Street SPDR S&P 500 ETF | +$3M |
| AMZN Amazon.com, Inc.new | +$3M |
| ENVA Enova International, Inc. | +$13M |
| FBRT Franklin BSP Realty Trust, Inc | +$1M |
| NUCLW Eagle Nuclear Energy Corp. Warnew | +$0M |
| — new | +$0M |
| — new | +$0M |
| — | +$0M |
Top sells this quarter · 14
| NCLH Norwegian Cruise Line Holdings | −$3M |
| HLF Herbalife Nutrition Ltd. | −$2M |
| RCL Royal Caribbean Cruises Ltd.exit | −$2M |
| CCL Carnival Corporation & plcexit | −$2M |
| BRSP BrightSpire Capital, Inc.exit | −$1M |
| TRTX TPG RE Finance Trust, Inc. | −$0M |
| BNAIW Brand Engagement Network, Inc. | −$0M |
| FLYX-WT flyExclusive, Inc. WT | −$0M |
| NUAIW New Era Energy & Digital, Inc. | −$0M |
| — | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $104M | 47 | +27.59% | +17.59% | +10.00% | +0.01B |
| 2025-12-31 | $102M | 48 | +36.01% | +17.72% | +18.29% | +0.02B |
| 2025-09-30 | $64M | 41 | -6.05% | +17.52% | -23.57% | -0.05B |
| 2025-06-30 | $119M | 49 | -14.05% | +14.94% | -29.00% | -0.02B |
| 2025-03-31 | $123M | 50 | -25.21% | +8.30% | -33.51% | +0.03B |
| 2024-12-31 | $97M | 50 | -10.26% | +24.89% | -35.15% | -0.00B |
| 2024-09-30 | $114M | 66 | +14.35% | +36.04% | -21.69% | -0.01B |
| 2024-06-30 | $141M | 91 | +29.91% | +24.49% | +5.42% | -0.11B |
| 2024-03-31 | $264M | 109 | +57.45% | +29.62% | +27.83% | +0.11B |
| 2023-12-31 | $132M | 111 | +43.69% | +26.18% | +17.52% | -0.05B |
| 2023-09-30 | $155M | 152 | +18.81% | +21.57% | -2.76% | +0.01B |
| 2023-06-30 | $139M | 159 | +8.20% | +19.42% | -11.23% | -0.03B |
| 2023-03-31 | $143M | 181 | -28.13% | -7.82% | -20.31% | -0.07B |
| 2022-12-31 | $207M | 209 | -32.86% | -18.17% | -14.68% | +0.07B |
| 2022-09-30 | $141M | 235 | -13.69% | -15.51% | +1.82% | +0.03B |
| 2022-06-30 | $123M | 265 | -22.70% | -16.11% | -6.59% | +0.00B |