Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.80%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
-21.05%
trims into rallies
when a holding rises +10%+
Top positions · 12
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ACIAlbertsons Companies, In | $2.59B | 98.4% | -20.1% | 5.5 yr |
| — | $24M | 0.9% | — | 2.3 yr |
| ATUSAltice USA, Inc. | $5M | 0.2% | — | 4.8 yr |
| IONQIonQ, Inc. | $4M | 0.1% | +30.6% | 1.0 yr |
| OBDCBlue Owl Capital Corpora | $2M | 0.1% | -17.8% | 0.3 yr |
| CCAPCrescent Capital BDC, In | $2M | 0.1% | -22.0% | 0.3 yr |
| — | $2M | 0.1% | — | 0.3 yr |
| FSKFS KKR Capital Corp. | $1M | 0.1% | -42.4% | 0.3 yr |
| NMFCNew Mountain Finance Cor | $1M | 0.0% | -19.2% | 0.3 yr |
| BCSFBain Capital Specialty F | $1M | 0.0% | -14.3% | 0.3 yr |
| OTFBlue Owl Technology Fina | $1M | 0.0% | — | 0.3 yr |
| CGBDCarlyle Secured Lending, | $0M | 0.0% | -25.8% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Grocery Stores98.4%-1.3pp$2.59B
Unknown1.0%+0.9pp$25M
Asset Management0.3%$7M
Telecommunications Services0.2%-0.1pp$5M
Computer Hardware0.1%$4M
Financial - Credit Services0.1%$2M
Country
US99.0%-0.9pp
Unknown1.0%+0.9pp
Top 5: 99.7% · Top 10: 99.9% · Top 25: 100.0%
Top buys this quarter · 8
| — new | +$0M |
| OBDC Blue Owl Capital Corporationnew | +$2M |
| CCAP Crescent Capital BDC, Inc.new | +$2M |
| FSK FS KKR Capital Corp.new | +$1M |
| NMFC New Mountain Finance Corporatinew | +$1M |
| BCSF Bain Capital Specialty Financenew | +$1M |
| OTF Blue Owl Technology Finance Conew | +$1M |
| CGBD Carlyle Secured Lending, Inc.new | +$0M |
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 | $2.63B | 12 | -17.72% | +17.59% | -35.31% | -0.01B |
| 2025-12-31 | $2.64B | 4 | -7.15% | +17.72% | -24.87% | -0.00B |
| 2025-09-30 | $2.68B | 4 | +0.56% | +17.52% | -16.96% | -0.16B |
| 2025-06-30 | $3.38B | 4 | +12.78% | +14.94% | -2.16% | +0.05B |
| 2025-03-31 | $3.35B | 3 | +6.03% | +8.30% | -2.28% | -0.52B |
| 2024-12-31 | $3.43B | 4 | -10.06% | +24.89% | -34.95% | -0.27B |
| 2024-09-30 | $3.46B | 4 | -14.20% | +36.04% | -50.24% | +0.03B |
| 2024-06-30 | $3.64B | 4 | -4.54% | +24.49% | -29.03% | -0.19B |
| 2024-03-31 | $4.10B | 6 | +7.41% | +29.62% | -22.21% | -0.24B |
| 2023-12-31 | $4.54B | 7 | +12.24% | +26.18% | -13.94% | +0.20B |
| 2023-09-30 | $4.26B | 8 | +25.06% | +21.57% | +3.49% | -0.17B |
| 2023-06-30 | $4.23B | 7 | +11.02% | +19.42% | -8.41% | -0.10B |
| 2023-03-31 | $4.12B | 7 | -15.61% | -7.82% | -7.79% | -0.15B |
| 2022-12-31 | $4.27B | 7 | +13.70% | +7.56% | +6.14% | -0.82B |
| 2022-09-30 | $4.48B | 8 | -7.02% | -4.93% | -2.09% | -0.00B |
| 2022-06-30 | $4.82B | 7 | -20.20% | -16.11% | -4.09% | -0.21B |