Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.67%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.63%
steady accumulation
Rally response
+7.79%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CCJCameco Corporation | $255M | 13.6% | +164.4% | 7.8 yr |
| IBKRInteractive Brokers Grou | $147M | 7.9% | +62.8% | 1.8 yr |
| APGAPi Group Corporation | $143M | 7.7% | +70.0% | 3.8 yr |
| TICTIC Solutions, Inc. | $101M | 5.4% | -40.8% | 1.3 yr |
| IVViShares Core S&P 500 ETF | $91M | 4.9% | — | 8.5 yr |
| ARLPAlliance Resource Partne | $89M | 4.8% | +11.9% | 4.5 yr |
| SSNCSS&C Technologies Holdin | $85M | 4.5% | -18.0% | 2.5 yr |
| GFLGFL Environmental Inc. | $81M | 4.3% | -13.5% | 2.3 yr |
| MLMMartin Marietta Material | $67M | 3.6% | +23.8% | 1.3 yr |
| EQTEQT Corporation | $64M | 3.4% | +20.5% | 1.5 yr |
| EPDEnterprise Products Part | $64M | 3.4% | +18.7% | 6.8 yr |
| VOOVanguard S&P 500 ETF | $62M | 3.3% | — | 3.8 yr |
| MPLXMPLX Lp | $58M | 3.1% | +15.4% | 6.3 yr |
| AEMAgnico Eagle Mines Limit | $58M | 3.1% | +89.2% | 2.0 yr |
| SOLSSolstice Advanced Materi | $56M | 3.0% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management13.7%-2.5pp$256M
Uranium13.6%+7.1pp$255M
Oil & Gas Midstream9.3%-2.0pp$175M
Investment - Banking & Investment Services7.9%+4.2pp$147M
Engineering & Construction7.7%+1.9pp$143M
Coal7.1%-4.5pp$132M
Software - Application6.1%-5.2pp$114M
Specialty Business Services5.4%-5.8pp$101M
Waste Management4.3%-1.4pp$81M
Construction Materials3.6%+1.1pp$67M
Country
US78.0%-4.9pp
CA21.0%+3.9pp
IL0.8%
FR0.1%
Unknown0.1%
Top 5: 39.4% · Top 10: 60.1% · Top 25: 97.7%
Top buys this quarter · 9
| AMZN Amazon.com, Inc. | +$52M |
| POOL Pool Corporationnew | +$28M |
| CLBT Cellebrite DI Ltd.new | +$16M |
| SSNC SS&C Technologies Holdings, In | +$85M |
| PSMT PriceSmart, Inc. | +$6M |
| IBKR Interactive Brokers Group, Inc | +$4M |
| EQT EQT Corporation | +$2M |
| PAR PAR Technology Corporation | +$29M |
| TIC TIC Solutions, Inc. | +$101M |
Top sells this quarter · 13
| TLN Talen Energy Corporationexit | −$28M |
| GPGI GPGI, Inc.exit | −$22M |
| SEI Solaris Energy Infrastructure,exit | −$18M |
| GFL GFL Environmental Inc. | −$4M |
| JKS JinkoSolar Holding Co., Ltd.exit | −$3M |
| BTU Peabody Energy Corporationexit | −$3M |
| ET Energy Transfer LP | −$47M |
| MPLX MPLX Lp | −$57M |
| EPD Enterprise Products Partners L | −$56M |
| DQ Daqo New Energy Corp.exit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.87B | 32 | +19.53% | +17.59% | +1.94% | +0.01B |
| 2025-12-31 | $1.86B | 37 | +13.81% | +17.72% | -3.91% | -0.03B |
| 2025-09-30 | $1.94B | 34 | +22.91% | +17.52% | +5.39% | -0.02B |
| 2025-06-30 | $1.78B | 30 | +16.88% | +14.94% | +1.94% | +0.16B |
| 2025-03-31 | $1.45B | 30 | +8.83% | +8.30% | +0.53% | +0.25B |
| 2024-12-31 | $1.26B | 32 | +19.37% | +24.89% | -5.51% | +0.01B |
| 2024-09-30 | $1.19B | 34 | +17.22% | +36.04% | -18.82% | +0.10B |
| 2024-06-30 | $1.04B | 29 | +26.76% | +24.49% | +2.27% | +0.10B |
| 2024-03-31 | $909M | 26 | +23.80% | +29.62% | -5.82% | +0.07B |
| 2023-12-31 | $806M | 23 | +21.83% | +26.18% | -4.35% | +0.05B |
| 2023-09-30 | $733M | 21 | +22.22% | +21.57% | +0.66% | -0.01B |
| 2023-06-30 | $660M | 23 | +17.32% | +19.42% | -2.11% | +0.06B |
| 2023-03-31 | $590M | 23 | -3.74% | -7.82% | +4.08% | -0.00B |
| 2022-12-31 | $576M | 22 | +3.63% | +7.56% | -3.93% | -0.04B |
| 2022-09-30 | $599M | 26 | +8.76% | -4.93% | +13.69% | +0.06B |
| 2022-06-30 | $496M | 23 | -16.90% | -16.11% | -0.79% | +0.05B |