Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.74%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.02%
baseline attrition
Rally response
-7.31%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTOLBristow Group Inc. | $12M | 8.7% | +48.9% | 5.3 yr |
| SNDASonida Senior Living, In | $10M | 7.3% | +38.5% | 2.3 yr |
| TACTransAlta Corporation | $8M | 6.0% | +42.2% | 3.3 yr |
| CRCCalifornia Resources Cor | $7M | 5.1% | +62.5% | 5.0 yr |
| FLRFluor Corporation | $6M | 4.3% | +30.2% | 4.3 yr |
| BRK-BBerkshire Hathaway Inc. | $6M | 4.2% | — | 5.3 yr |
| GOOGAlphabet Inc. | $6M | 4.1% | +84.3% | 5.3 yr |
| WFCWells Fargo & Company | $6M | 4.0% | +13.3% | 5.3 yr |
| SGOViShares 0-3 Month Treasu | $5M | 3.5% | — | 3.5 yr |
| NXTNextpower Inc. | $5M | 3.5% | +186.1% | 2.3 yr |
| AZNAstraZeneca PLC | $5M | 3.3% | +36.2% | 0.3 yr |
| NHINational Health Investor | $5M | 3.3% | +13.6% | 4.5 yr |
| FDXFedEx Corporation | $4M | 3.1% | +49.3% | 5.3 yr |
| LHXL3Harris Technologies, I | $4M | 3.1% | +67.7% | 2.8 yr |
| FLEXFlex Ltd. | $4M | 3.1% | +97.9% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Medical - Care Facilities9.6%+2.6pp$13M
Asset Management9.0%+1.5pp$12M
Oil & Gas Equipment & Services8.7%-2.6pp$12M
Oil & Gas Exploration & Production6.7%+0.4pp$9M
Engineering & Construction6.5%+1.5pp$9M
Drug Manufacturers - General6.2%+2.5pp$9M
Independent Power Producers6.0%-0.3pp$8M
Entertainment5.2%+2.2pp$7M
Insurance - Diversified4.2%-2.0pp$6M
Internet Content & Information4.1%+1.1pp$6M
Country
US85.4%+1.8pp
CA7.5%+2.9pp
GB3.3%
SG3.1%+1.0pp
Unknown0.7%-7.2pp
Top 5: 31.4% · Top 10: 50.7% · Top 25: 89.6%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$5M |
| NFLX Netflix, Inc.new | +$3M |
| FLR Fluor Corporation | +$1M |
| VRTS Virtus Investment Partners, Innew | +$1M |
| LUMN Lumen Technologies, Inc. | +$1M |
| MSIF MSC Income Fund, Inc. | +$1M |
| SNDA Sonida Senior Living, Inc. | +$1M |
| WFC Wells Fargo & Company | +$1M |
| SOLS Solstice Advanced Materials Innew | +$0M |
| DAR Darling Ingredients Inc.new | +$0M |
Top sells this quarter · 15
| BKD Brookdale Senior Living Inc. | −$5M |
| CRC California Resources Corporati | −$7M |
| B Barrick Mining Corporation | −$3M |
| VTOL Bristow Group Inc. | −$12M |
| FSLR First Solar, Inc.exit | −$3M |
| ROCK Gibraltar Industries, Inc.exit | −$2M |
| MYE Myers Industries, Inc. | −$1M |
| HLX Helix Energy Solutions Group, exit | −$1M |
| ARCC Ares Capital Corporationexit | −$1M |
| REFI Chicago Atlantic Real Estate F | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $138M | 38 | +41.12% | +17.59% | +23.53% | -0.02B |
| 2025-12-31 | $138M | 38 | +18.25% | +17.72% | +0.54% | +0.00B |
| 2025-09-30 | $132M | 36 | +20.62% | +17.52% | +3.10% | -0.00B |
| 2025-06-30 | $119M | 37 | +12.91% | +14.94% | -2.03% | -0.01B |
| 2025-03-31 | $115M | 33 | +8.65% | +8.30% | +0.35% | -0.02B |
| 2024-12-31 | $145M | 39 | +25.82% | +24.89% | +0.93% | -0.00B |
| 2024-09-30 | $139M | 37 | +21.61% | +36.04% | -14.42% | +0.01B |
| 2024-06-30 | $124M | 36 | +14.07% | +24.49% | -10.43% | +0.00B |
| 2024-03-31 | $118M | 36 | +14.95% | +29.62% | -14.67% | -0.01B |
| 2023-12-31 | $124M | 34 | +9.53% | +26.18% | -16.65% | +0.00B |
| 2023-09-30 | $118M | 38 | +23.10% | +21.57% | +1.54% | +0.00B |
| 2023-06-30 | $116M | 35 | +19.88% | +19.42% | +0.46% | +0.01B |
| 2023-03-31 | $103M | 33 | -6.72% | -7.82% | +1.09% | -0.01B |
| 2022-12-31 | $106M | 31 | +14.98% | +7.56% | +7.42% | +0.01B |
| 2022-09-30 | $86M | 31 | -3.45% | -4.93% | +1.48% | -0.00B |
| 2022-06-30 | $93M | 31 | -17.84% | -16.11% | -1.73% | -0.00B |