Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.87%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.19%
baseline attrition
Rally response
-9.54%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SOCSable Offshore Corp. | $222M | 9.1% | -34.9% | 1.8 yr |
| TET1 Energy Inc | $154M | 6.3% | +248.4% | 2.3 yr |
| AESIAtlas Energy Solutions I | $120M | 4.9% | -23.5% | 1.3 yr |
| SEISolaris Energy Infrastru | $99M | 4.0% | +163.1% | 7.3 yr |
| NESRNational Energy Services | $91M | 3.7% | +191.7% | 6.5 yr |
| CENXCentury Aluminum Company | $91M | 3.7% | +216.2% | 2.5 yr |
| BTEGFBaytex Energy Corp. | $90M | 3.7% | — | 0.8 yr |
| KEXKirby Corporation | $62M | 2.5% | +31.6% | 4.3 yr |
| ALI1.DEAlmonty Industries Inc. | $62M | 2.5% | — | 0.5 yr |
| CSTMConstellium SE | $61M | 2.5% | +143.6% | 2.0 yr |
| ODFLOld Dominion Freight Lin | $61M | 2.5% | +18.9% | 0.3 yr |
| NXTNextpower Inc. | $58M | 2.4% | +186.1% | 3.0 yr |
| FPSForgent Power Solutions, | $56M | 2.3% | — | 0.3 yr |
| CEGConstellation Energy Cor | $56M | 2.3% | +39.2% | 1.3 yr |
| PSXPhillips 66 | $56M | 2.3% | +53.0% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Equipment & Services18.5%-3.1pp$453M
Oil & Gas Exploration & Production11.3%-4.8pp$278M
Oil & Gas Drilling10.5%+6.8pp$257M
Electrical Equipment & Parts9.4%+8.8pp$232M
Aluminum7.8%+5.7pp$192M
Oil & Gas Midstream4.1%-2.8pp$101M
Marine Shipping3.9%-1.1pp$95M
Trucking3.6%$89M
Oil & Gas Refining & Marketing3.4%+1.5pp$84M
Industrial Materials2.8%$69M
Country
US81.4%+12.4pp
CA8.1%+0.2pp
FR2.5%+1.2pp
Unknown2.0%-3.2pp
GB1.8%-0.7pp
BE1.8%
MX1.7%-0.1pp
MC0.6%
Top 5: 28.0% · Top 10: 42.9% · Top 25: 71.5%
Top buys this quarter · 15
| AESI Atlas Energy Solutions Inc. | +$115M |
| CENX Century Aluminum Company | +$62M |
| ODFL Old Dominion Freight Line, Incnew | +$61M |
| FPS Forgent Power Solutions, Inc.new | +$56M |
| CEG Constellation Energy Corporati | +$36M |
| PR Permian Resources Corporationnew | +$34M |
| CNR Core Natural Resources, Inc. | +$29M |
| ASPI ASP Isotopes Inc. Common Stock | +$28M |
| LIN Linde plcnew | +$25M |
| MUSA Murphy USA Inc. | +$25M |
Top sells this quarter · 15
| FANG Diamondback Energy, Inc.exit | −$148M |
| MTDR Matador Resources Companyexit | −$79M |
| HP Helmerich & Payne, Inc.exit | −$75M |
| NESR National Energy Services Reuni | −$61M |
| DVN Devon Energy Corporation | −$59M |
| WFRD Weatherford International plcexit | −$57M |
| CHRD Chord Energy Corporationexit | −$56M |
| CSTM Constellium SE | −$54M |
| PSX Phillips 66 | −$52M |
| UEC Uranium Energy Corp. | −$51M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.45B | 56 | +60.43% | +17.59% | +42.84% | -0.01B |
| 2025-12-31 | $2.09B | 48 | +25.88% | +17.72% | +8.16% | -0.44B |
| 2025-09-30 | $2.22B | 54 | +21.15% | +17.52% | +3.64% | -0.56B |
| 2025-06-30 | $2.48B | 61 | +5.07% | +14.94% | -9.88% | -0.30B |
| 2025-03-31 | $2.60B | 66 | +0.66% | +8.30% | -7.65% | +0.45B |
| 2024-12-31 | $2.33B | 59 | +18.74% | +24.89% | -6.15% | +0.09B |
| 2024-09-30 | $2.05B | 56 | +9.26% | +36.04% | -26.77% | +0.25B |
| 2024-06-30 | $1.85B | 58 | +20.21% | +24.49% | -4.29% | -0.03B |
| 2024-03-31 | $1.84B | 57 | +20.65% | +29.62% | -8.97% | -0.02B |
| 2023-12-31 | $1.71B | 57 | +9.43% | +26.18% | -16.75% | +0.09B |
| 2023-09-30 | $1.60B | 46 | +3.64% | +21.57% | -17.93% | -0.20B |
| 2023-06-30 | $1.68B | 48 | +1.65% | +19.42% | -17.78% | -0.01B |
| 2023-03-31 | $1.65B | 54 | -13.92% | -7.82% | -6.10% | -0.16B |
| 2022-12-31 | $1.82B | 51 | -4.60% | +7.56% | -12.16% | +0.18B |
| 2022-09-30 | $1.73B | 58 | +5.08% | -4.93% | +10.01% | +0.17B |
| 2022-06-30 | $1.48B | 53 | -13.21% | -16.11% | +2.90% | +0.30B |