Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.51%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.93%
baseline attrition
Rally response
-7.03%
trims into rallies
when a holding rises +10%+
Top positions · 27
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMZNAmazon.com, Inc. | $9M | 21.6% | +9.5% | 6.3 yr |
| VETVermilion Energy Inc. | $4M | 9.4% | +77.8% | 0.8 yr |
| SPOTSpotify Technology S.A. | $3M | 8.2% | -11.8% | 5.8 yr |
| CGAUCenterra Gold Inc. | $3M | 6.3% | +186.0% | 0.5 yr |
| PDSPrecision Drilling Corpo | $2M | 5.7% | +111.1% | 0.5 yr |
| TSLATesla, Inc. | $2M | 5.4% | +43.4% | 5.5 yr |
| LSPDLightspeed Commerce Inc. | $2M | 5.3% | +2.4% | 0.8 yr |
| KGCKinross Gold Corporation | $2M | 4.6% | +143.6% | 2.8 yr |
| DOOOBRP Inc. | $2M | 4.5% | — | 1.8 yr |
| EFX.TOEnerflex Ltd. | $2M | 3.9% | +164.3% | 1.0 yr |
| BBarrick Mining Corporati | $2M | 3.7% | +114.9% | 0.3 yr |
| OTEXOpen Text Corporation | $1M | 3.3% | -8.7% | 1.3 yr |
| OBEObsidian Energy Ltd. | $1M | 2.5% | +61.6% | 0.5 yr |
| SIISprott Inc. | $1M | 2.4% | +224.0% | 0.8 yr |
| NVDANVIDIA Corporation | $1M | 1.8% | +60.9% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Specialty Retail21.6%-6.4pp$9M
Gold16.6%-2.1pp$7M
Oil & Gas Exploration & Production11.9%+11.1pp$5M
Software - Application10.7%+5.8pp$4M
Internet Content & Information8.2%-5.0pp$3M
Oil & Gas Drilling5.7%$2M
Auto - Manufacturers5.4%+0.1pp$2M
Auto - Recreational Vehicles4.5%$2M
Oil & Gas Equipment & Services3.9%-3.4pp$2M
Software - Infrastructure2.8%-0.5pp$1M
Country
CA57.6%+21.0pp
US32.2%-10.4pp
LU8.2%-5.0pp
Unknown1.1%-1.7pp
IL1.0%-3.9pp
Top 5: 51.2% · Top 10: 74.8% · Top 25: 99.1%
Top buys this quarter · 15
| PDS Precision Drilling Corporation | +$2M |
| CGAU Centerra Gold Inc. | +$2M |
| B Barrick Mining Corporationnew | +$2M |
| LSPD Lightspeed Commerce Inc. | +$1M |
| AEM Agnico Eagle Mines Limitednew | +$1M |
| EFX.TO Enerflex Ltd. | +$1M |
| DCBO Docebo Inc.new | +$0M |
| MGA Magna International Inc.new | +$0M |
| GOOS Canada Goose Holdings Inc. | +$0M |
| EGO Eldorado Gold Corporationnew | +$0M |
Top sells this quarter · 10
| TFPM.TO Triple Flag Precious Metals Coexit | −$3M |
| CLS Celestica Inc.exit | −$3M |
| NGD New Gold Inc.exit | −$3M |
| RCI Rogers Communications Inc. | −$1M |
| KGC Kinross Gold Corporation | −$1M |
| NVDA NVIDIA Corporation | −$0M |
| SLS.TO Solaris Resources Inc.exit | −$0M |
| SII Sprott Inc. | −$1M |
| HITI High Tide Inc.exit | −$0M |
| LGO.TO Largo Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $42M | 27 | +46.25% | +17.59% | +28.66% | +0.00B |
| 2025-12-31 | $40M | 26 | +34.54% | +17.72% | +16.82% | -0.00B |
| 2025-09-30 | $40M | 19 | +51.57% | +17.52% | +34.06% | -0.00B |
| 2025-06-30 | $36M | 22 | +43.21% | +14.94% | +28.27% | +0.00B |
| 2025-03-31 | $29M | 18 | +26.97% | +8.30% | +18.66% | +0.01B |
| 2024-12-31 | $21M | 8 | +57.17% | +24.89% | +32.28% | -0.00B |
| 2024-09-30 | $17M | 9 | +57.68% | +36.04% | +21.64% | -0.00B |
| 2024-06-30 | $17M | 10 | +49.31% | +24.49% | +24.82% | -0.00B |
| 2024-03-31 | $18M | 12 | +44.23% | +29.62% | +14.61% | -0.00B |
| 2023-12-31 | $17M | 11 | +37.85% | +26.18% | +11.67% | -0.00B |
| 2023-09-30 | $17M | 12 | +15.19% | +21.57% | -6.38% | -0.01B |
| 2023-06-30 | $29M | 13 | +15.50% | +19.42% | -3.93% | -0.01B |
| 2023-03-31 | $39M | 13 | -17.31% | -7.82% | -9.49% | -0.01B |
| 2022-12-31 | $46M | 14 | +0.54% | +7.56% | -7.02% | -0.01B |
| 2022-09-30 | $52M | 24 | +1.51% | -4.93% | +6.43% | -0.02B |
| 2022-06-30 | $69M | 27 | -24.77% | -16.11% | -8.66% | -0.01B |