Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.91%
baseline attrition
Rally response
+9.88%
adds into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NGNovaGold Resources Inc. | $834M | 77.1% | — | 0.5 yr |
| TMQTrilogy Metals Inc. | $113M | 10.5% | — | 0.5 yr |
| THMInternational Tower Hill | $73M | 6.8% | — | 0.5 yr |
| SILJAmplify Junior Silver Mi | $23M | 2.1% | — | 0.5 yr |
| SILGlobal X - Silver Miners | $23M | 2.1% | — | 0.5 yr |
| HLHecla Mining Company | $7M | 0.6% | — | 0.5 yr |
| PAASPan American Silver Corp | $5M | 0.5% | — | 0.5 yr |
| CDECoeur Mining, Inc. | $4M | 0.3% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Gold84.2%$911M
Industrial Materials10.5%$113M
Asset Management2.1%$23M
Asset Management - Global2.1%$23M
Silver1.1%$12M
Country
CA94.8%
US5.2%
Top 5: 98.6% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 1
| THM International Tower Hill Mines | +$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.08B | 8 | -3.77% | -4.37% | +0.61% | -0.02B |
| 2025-12-31 | $1.15B | 8 | — | — | — | — |