Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.03%
adds when stocks drop
when a holding falls −10%+
Middle response
+6.28%
steady accumulation
Rally response
-14.02%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HTZHertz Global Holdings, I | $837M | 84.6% | +17.0% | 4.5 yr |
| — | $133M | 13.5% | — | 2.8 yr |
| TDSTelephone and Data Syste | $19M | 1.9% | +9.1% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Rental & Leasing Services84.6%+16.3pp$837M
Unknown13.5%-11.4pp$133M
Telecommunications Services1.9%$19M
Country
US86.5%+17.9pp
Unknown13.5%-11.4pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| HTZ | $715M | +0.12B | 17.0% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 0
No buys this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $989M | 3 | +19.09% | +17.59% | +1.50% | -0.04B |
| 2025-12-31 | $1.14B | 4 | +42.19% | +17.72% | +24.48% | -0.18B |
| 2025-09-30 | $1.73B | 4 | +100.96% | +17.52% | +83.45% | +0.14B |
| 2025-06-30 | $1.59B | 4 | +92.07% | +14.94% | +77.13% | -0.22B |
| 2025-03-31 | $1.05B | 4 | -49.96% | +8.30% | -58.27% | -0.20B |
| 2024-12-31 | $1.16B | 4 | -64.98% | +24.89% | -89.86% | -0.91B |
| 2024-09-30 | $1.92B | 8 | -72.44% | +36.04% | -108.47% | +0.79B |
| 2024-06-30 | $1.17B | 4 | -80.80% | +24.49% | -105.29% | +0.18B |
| 2024-03-31 | $2.21B | 4 | -51.92% | +29.62% | -81.54% | +0.09B |
| 2023-12-31 | $2.82B | 4 | -32.49% | +26.18% | -58.67% | +0.77B |
| 2023-09-30 | $2.41B | 4 | -24.42% | +21.57% | -45.99% | +0.15B |
| 2023-06-30 | $3.39B | 5 | +16.37% | +19.42% | -3.06% | -0.02B |
| 2023-03-31 | $3.02B | 5 | -26.44% | -7.82% | -18.62% | +0.01B |
| 2022-12-31 | $2.85B | 5 | -5.04% | +7.56% | -12.60% | -0.06B |
| 2022-09-30 | $3.06B | 6 | +2.60% | -4.93% | +7.53% | +0.00B |
| 2022-06-30 | $2.98B | 7 | -28.65% | -16.11% | -12.53% | -0.04B |