Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
—
—
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HNRGHallador Energy Company | $89M | 74.6% | — | 5.8 yr |
| SGUStar Group, L.P. | $16M | 13.4% | — | 5.8 yr |
| BRK-ABerkshire Hathaway Inc. | $14M | 12.1% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Coal74.6%+70.5pp$89M
Oil & Gas Refining & Marketing13.4%-11.4pp$16M
Insurance - Diversified12.1%$14M
Country
US100.0%+9.4pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $119M | 3 | -11.99% | -4.37% | -7.62% | +0.00B |
| 2025-12-31 | $134M | 3 | — | — | — | +0.10B |
| 2020-12-31 | $36M | 6 | — | — | — | -0.01B |
| 2020-09-30 | $49M | 6 | — | — | — | +0.00B |
| 2020-06-30 | $44M | 6 | — | — | — | +0.01B |
| 2020-03-31 | $35M | 11 | — | — | — | -0.05B |
| 2019-12-31 | $82M | 9 | — | — | — | -0.01B |
| 2019-09-30 | $95M | 9 | — | — | — | -0.00B |
| 2019-06-30 | $99M | 8 | — | — | — | -0.01B |
| 2019-03-31 | $112M | 8 | — | — | — | +0.00B |
| 2018-12-31 | $107M | 13 | — | — | — | -0.02B |
| 2018-09-30 | $129M | 13 | — | — | — | +0.05B |
| 2018-06-30 | $83M | 12 | — | — | — | +0.01B |
| 2018-03-31 | $77M | 11 | — | — | — | -0.01B |
| 2017-12-31 | $84M | 10 | — | — | — | -0.00B |
| 2017-09-30 | $87M | 12 | — | — | — | -0.01B |