Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.68%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.24%
baseline attrition
Rally response
-6.83%
trims into rallies
when a holding rises +10%+
Top positions · 29
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VZVerizon Communications I | $24M | 8.8% | +16.5% | 8.0 yr |
| AEPAmerican Electric Power | $23M | 8.3% | +24.0% | 3.3 yr |
| TDThe Toronto-Dominion Ban | $23M | 8.2% | +60.9% | 10.5 yr |
| AEMAgnico Eagle Mines Limit | $19M | 6.8% | +89.2% | 4.3 yr |
| TRPTC Energy Corporation | $18M | 6.6% | +37.4% | 7.0 yr |
| MFCManulife Financial Corpo | $16M | 5.7% | +15.0% | 10.5 yr |
| TUTELUS Corporation | $15M | 5.4% | -2.7% | 8.3 yr |
| CNQCanadian Natural Resourc | $14M | 5.0% | +66.0% | 3.8 yr |
| RYRoyal Bank of Canada | $13M | 4.8% | +48.2% | 10.3 yr |
| — | $12M | 4.3% | — | 0.3 yr |
| TECKTeck Resources Limited | $12M | 4.2% | +43.3% | 7.0 yr |
| ADPAutomatic Data Processin | $11M | 4.2% | -31.8% | 10.5 yr |
| — | $11M | 4.1% | — | 1.0 yr |
| GOOGLAlphabet Inc. | $11M | 3.9% | — | 1.5 yr |
| MSFTMicrosoft Corporation | $10M | 3.8% | -0.6% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Telecommunications Services14.1%+0.6pp$39M
Banks - Diversified13.1%+2.1pp$36M
Unknown11.7%+4.9pp$32M
Regulated Electric8.3%-1.7pp$23M
Gold7.1%+0.4pp$19M
Oil & Gas Midstream6.9%-0.9pp$19M
Insurance - Life5.7%-0.2pp$16M
Oil & Gas Exploration & Production5.0%+1.1pp$14M
Industrial Materials4.2%+2.1pp$12M
Staffing & Employment Services4.2%+0.0pp$11M
Country
CA51.9%+3.3pp
US36.4%-0.4pp
Unknown11.7%+4.9pp
Top 5: 38.8% · Top 10: 64.0% · Top 25: 99.7%
Top buys this quarter · 4
| KMB Kimberly-Clark Corporationnew | +$10M |
| ADP Automatic Data Processing, Inc | +$5M |
| VRSK Verisk Analytics, Inc. | +$0M |
| — new | +$0M |
Top sells this quarter · 15
| HLN Haleon plcexit | −$10M |
| TRP TC Energy Corporation | −$6M |
| CNQ Canadian Natural Resources Lim | −$11M |
| VZ Verizon Communications Inc. | −$22M |
| HBM Hudbay Minerals Inc. | −$1M |
| TECK Teck Resources Limited | −$11M |
| MA Mastercard Incorporatedexit | −$0M |
| NEM Newmont Corporation | −$0M |
| TD The Toronto-Dominion Bank | −$0M |
| AEP American Electric Power Compan | −$20M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $275M | 29 | +27.59% | +17.59% | +10.00% | +0.00B |
| 2025-12-31 | $262M | 29 | +27.95% | +17.72% | +10.23% | -0.01B |
| 2025-09-30 | $261M | 28 | +17.35% | +17.52% | -0.17% | -0.01B |
| 2025-06-30 | $249M | 26 | +22.64% | +14.94% | +7.70% | -0.02B |
| 2025-03-31 | $246M | 29 | +12.87% | +8.30% | +4.57% | -0.02B |
| 2024-12-31 | $251M | 29 | +13.08% | +24.89% | -11.81% | +0.00B |
| 2024-09-30 | $263M | 29 | +33.07% | +36.04% | -2.97% | -0.00B |
| 2024-06-30 | $236M | 28 | +10.25% | +24.49% | -14.24% | -0.02B |
| 2024-03-31 | $259M | 30 | +11.40% | +29.62% | -18.22% | +0.01B |
| 2023-12-31 | $233M | 30 | +8.86% | +26.18% | -17.32% | -0.01B |
| 2023-09-30 | $218M | 28 | +7.43% | +21.57% | -14.13% | +0.00B |
| 2023-06-30 | $230M | 30 | +2.23% | +19.42% | -17.19% | -0.01B |
| 2023-03-31 | $237M | 30 | -17.16% | -7.82% | -9.35% | -0.03B |
| 2022-12-31 | $261M | 30 | +10.59% | +7.56% | +3.03% | +0.02B |
| 2022-09-30 | $221M | 26 | -10.86% | -4.93% | -5.93% | +0.00B |
| 2022-06-30 | $243M | 25 | -18.57% | -16.11% | -2.46% | -0.01B |