Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.66%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.82%
baseline attrition
Rally response
-32.09%
trims into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JCOMZiff Davis, Inc. | $22M | 45.4% | — | 0.3 yr |
| SATSEchoStar Corporation | $17M | 35.0% | +357.7% | 0.8 yr |
| SGRYSurgery Partners, Inc. | $9M | 18.3% | -49.8% | 0.3 yr |
| ZIPZipRecruiter, Inc. | $1M | 1.3% | -68.8% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure45.4%$22M
Communication Equipment35.0%$17M
Medical - Care Facilities18.3%$9M
Staffing & Employment Services1.3%$1M
Country
US100.0%+98.5pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $49M | 4 | +102.47% | +17.59% | +84.88% | +0.01B |
| 2025-12-31 | $37M | 3 | +80.90% | +17.72% | +63.18% | -0.06B |
| 2025-09-30 | $75M | 4 | +44.31% | +17.52% | +26.79% | -0.03B |
| 2025-06-30 | $75M | 4 | +2.35% | +14.94% | -12.59% | -0.07B |
| 2025-03-31 | $143M | 4 | -1.68% | +8.30% | -9.98% | +0.03B |
| 2024-12-31 | $119M | 5 | +6.78% | +24.89% | -18.11% | -0.00B |
| 2024-09-30 | $117M | 3 | +17.71% | +36.04% | -18.33% | +0.09B |
| 2024-06-30 | $30M | 2 | +12.36% | +24.49% | -12.13% | -0.01B |
| 2024-03-31 | $43M | 2 | +21.75% | +29.62% | -7.87% | -0.01B |
| 2023-12-31 | $49M | 2 | +23.37% | +26.18% | -2.81% | -0.05B |
| 2023-09-30 | $89M | 3 | +19.07% | +21.57% | -2.50% | +0.02B |
| 2023-06-30 | $77M | 5 | +19.80% | +19.42% | +0.38% | +0.03B |
| 2023-03-31 | $47M | 3 | +10.18% | -7.82% | +18.00% | -0.06B |
| 2022-12-31 | $96M | 4 | +11.36% | +7.56% | +3.80% | -0.09B |
| 2022-09-30 | $171M | 8 | -4.64% | -4.93% | +0.29% | -0.00B |
| 2022-06-30 | $181M | 8 | -3.46% | -16.11% | +12.65% | +0.03B |