Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.90%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.62%
baseline attrition
Rally response
-6.91%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $35M | 11.9% | — | 0.5 yr |
| PDXPIMCO Dynamic Income Str | $28M | 9.4% | — | 5.5 yr |
| FSCOFS Credit Opportunities | $19M | 6.4% | -19.2% | 3.3 yr |
| HFROHighland Funds I - Highl | $16M | 5.3% | — | 8.3 yr |
| HERZHerzfeld Credit Income F | $13M | 4.3% | — | 0.3 yr |
| SJBProShares - Short High Y | $12M | 4.2% | — | 1.3 yr |
| GOFGuggenheim Strategic Opp | $11M | 3.8% | — | 0.5 yr |
| BRWSaba Capital Income & Op | $10M | 3.2% | — | 3.0 yr |
| SDSProShares - UltraShort S | $8M | 2.8% | — | 0.3 yr |
| ASAASA Gold and Precious Me | $8M | 2.7% | +106.2% | 8.3 yr |
| SABASaba Capital Income & Op | $6M | 2.2% | — | 2.0 yr |
| PAXSPIMCO Access Income Fund | $6M | 2.2% | — | 2.3 yr |
| — | $6M | 2.0% | — | 0.5 yr |
| DPGDuff & Phelps Utility an | $6M | 1.9% | — | 1.5 yr |
| PFIXSimplify Interest Rate H | $5M | 1.8% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management51.4%-7.0pp$151M
Asset Management - Income24.5%-4.8pp$72M
Unknown14.0%+10.8pp$41M
Asset Management - Leveraged6.1%+4.6pp$18M
Asset Management - Bonds3.3%+2.8pp$10M
Asset Management - Global0.7%+0.6pp$2M
Entertainment0.0%+0.0pp$0M
Industrial Materials0.0%+0.0pp$0M
Internet Content & Information0.0%-0.0pp$0M
Industrial - Machinery0.0%-0.0pp$0M
Country
US84.5%-10.9pp
Unknown14.0%+10.8pp
HK0.9%+0.1pp
GB0.4%+0.4pp
CA0.2%+0.1pp
JP0.0%-0.0pp
SG0.0%-0.0pp
DE0.0%-0.0pp
Top 5: 37.3% · Top 10: 53.9% · Top 25: 76.5%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| FSCO | $22M | -0.00B | -19.2% |
Top buys this quarter · 15
| FSCO FS Credit Opportunities Corp. | +$9M |
| DXYZ Destiny Tech100 Inc.new | +$2M |
| GAM General American Investors Com | +$2M |
| EIC Eagle Point Income Company Inc | +$1M |
| TY Tri-Continental Corporation | +$0M |
| ADX Adams Diversified Equity Fund, | +$0M |
| BGR BlackRock Energy and Resourcesnew | +$0M |
| BDJ BlackRock Enhanced Equity Divi | +$0M |
| BCX Blackrock Resources & Commodit | +$0M |
| EMO ClearBridge Energy Midstream O | +$0M |
Top sells this quarter · 15
| ECCU Eagle Point Credit Company Incexit | −$3M |
| SSSS SuRo Capital Corp. | −$2M |
| OXLC Oxford Lane Capital Corp. | −$2M |
| HQL Tekla Life Sciences Investors | −$2M |
| CET Central Securities Corp. | −$1M |
| LEO BNY Mellon Strategic Municipalexit | −$1M |
| ASA ASA Gold and Precious Metals L | −$1M |
| SPMC Sound Point Meridian Capital Iexit | −$0M |
| AEF Abrdn Emerging Markets Equity | −$0M |
| FINS Angel Oak Financial Strategies | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $294M | 115 | +10.82% | +17.59% | -6.77% | +0.02B |
| 2025-12-31 | $296M | 107 | +14.07% | +17.72% | -3.65% | -0.02B |
| 2025-09-30 | $292M | 104 | +16.37% | +17.52% | -1.15% | +0.01B |
| 2025-06-30 | $280M | 107 | +21.95% | +14.94% | +7.01% | -0.05B |
| 2025-03-31 | $294M | 128 | +9.72% | +8.30% | +1.42% | -0.00B |
| 2024-12-31 | $312M | 147 | +22.80% | +24.89% | -2.09% | -0.02B |
| 2024-09-30 | $300M | 155 | +25.44% | +36.04% | -10.60% | +0.00B |
| 2024-06-30 | $285M | 237 | +20.02% | +24.49% | -4.47% | +0.00B |
| 2024-03-31 | $283M | 151 | +35.15% | +29.62% | +5.52% | -0.01B |
| 2023-12-31 | $272M | 155 | +30.49% | +26.18% | +4.31% | -0.02B |
| 2023-09-30 | $259M | 336 | +26.52% | +21.57% | +4.96% | +0.01B |
| 2023-06-30 | $251M | 333 | +21.17% | +19.42% | +1.75% | -0.05B |
| 2023-03-31 | $268M | 346 | -12.87% | -7.82% | -5.05% | +0.02B |
| 2022-12-31 | $244M | 316 | -19.62% | -18.17% | -1.45% | -0.01B |
| 2022-09-30 | $234M | 307 | -17.45% | -15.51% | -1.94% | +0.00B |
| 2022-06-30 | $241M | 320 | -13.03% | -10.62% | -2.41% | +0.02B |