Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.23%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.63%
baseline attrition
Rally response
-2.12%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AEMAgnico Eagle Mines Limit | $9M | 3.3% | +89.2% | 6.0 yr |
| TRVThe Travelers Companies, | $9M | 3.3% | +12.0% | 10.3 yr |
| COPConocoPhillips | $9M | 3.2% | +30.0% | 6.0 yr |
| BRK-BBerkshire Hathaway Inc. | $8M | 2.9% | — | 10.5 yr |
| AGIAlamos Gold Inc. | $7M | 2.4% | +66.7% | 2.5 yr |
| SLBSLB N.V. | $7M | 2.3% | +26.7% | 8.8 yr |
| CCJCameco Corporation | $6M | 2.3% | +164.4% | 5.0 yr |
| CTVACorteva, Inc. | $6M | 2.2% | +34.3% | 6.5 yr |
| APAAPA Corporation | $6M | 2.1% | +112.3% | 5.0 yr |
| DVNDevon Energy Corporation | $6M | 2.1% | +38.1% | 10.5 yr |
| MDTMedtronic plc | $6M | 2.1% | -1.3% | 10.5 yr |
| INTCIntel Corporation | $6M | 2.0% | +94.3% | 10.5 yr |
| CVXChevron Corporation | $5M | 1.9% | +29.2% | 10.5 yr |
| UNPUnion Pacific Corporatio | $5M | 1.8% | +5.1% | 10.5 yr |
| CSCOCisco Systems, Inc. | $5M | 1.8% | +28.1% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production10.0%+2.5pp$28M
Gold6.0%+1.4pp$17M
Industrial - Machinery5.5%+0.6pp$15M
Asset Management5.3%+1.0pp$15M
Agricultural Inputs4.6%+0.5pp$13M
Insurance - Diversified4.6%-1.8pp$13M
Household & Personal Products3.7%-2.4pp$10M
Insurance - Property & Casualty3.6%-0.9pp$10M
Railroads2.9%-0.1pp$8M
Semiconductors2.8%+0.9pp$8M
Country
US82.8%-0.4pp
CA10.4%+3.3pp
IE2.3%-0.5pp
SE1.5%-0.0pp
GB1.3%-2.6pp
Unknown1.2%+1.2pp
IL0.3%
CH0.2%+0.0pp
Top 5: 15.2% · Top 10: 26.2% · Top 25: 52.0%
Top buys this quarter · 15
| IQV IQVIA Holdings Inc.new | +$2M |
| CNQ Canadian Natural Resources Limnew | +$2M |
| RRC Range Resources Corporationnew | +$0M |
| BAX Baxter International Inc. | +$0M |
| GLW Corning Incorporatednew | +$0M |
| SII Sprott Inc.new | +$0M |
| TDW Tidewater Inc.new | +$0M |
| NICE NICE Ltd. | +$0M |
| APA APA Corporation | +$0M |
| CF CF Industries Holdings, Inc. | +$0M |
Top sells this quarter · 15
| CCJ Cameco Corporation | −$6M |
| AEM Agnico Eagle Mines Limited | −$8M |
| INTC Intel Corporation | −$5M |
| KMB Kimberly-Clark Corporation | −$1M |
| CELC Celcuity Inc. | −$1M |
| TSM Taiwan Semiconductor Manufactu | −$0M |
| SKE.TO Skeena Resources Limitedexit | −$0M |
| BAC Bank of America Corporation | −$0M |
| CI Cigna Corporationexit | −$0M |
| PG The Procter & Gamble Company | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $279M | 134 | +26.38% | +17.59% | +8.79% | +0.00B |
| 2025-12-31 | $260M | 125 | +20.42% | +17.72% | +2.71% | -0.01B |
| 2025-09-30 | $255M | 126 | +11.61% | +17.52% | -5.91% | -0.00B |
| 2025-06-30 | $236M | 120 | +7.44% | +14.94% | -7.50% | -0.01B |
| 2025-03-31 | $236M | 121 | +0.16% | +8.30% | -8.14% | +0.00B |
| 2024-12-31 | $232M | 121 | +6.09% | +24.89% | -18.80% | -0.00B |
| 2024-09-30 | $241M | 119 | +18.68% | +36.04% | -17.36% | -0.00B |
| 2024-06-30 | $232M | 115 | +11.04% | +24.49% | -13.45% | -0.01B |
| 2024-03-31 | $255M | 118 | +16.68% | +29.62% | -12.94% | -0.00B |
| 2023-12-31 | $242M | 115 | +8.39% | +26.18% | -17.78% | -0.01B |
| 2023-09-30 | $228M | 113 | +12.44% | +21.57% | -9.12% | -0.00B |
| 2023-06-30 | $232M | 112 | +8.58% | +19.42% | -10.84% | -0.01B |
| 2023-03-31 | $241M | 116 | -5.90% | -7.82% | +1.92% | -0.00B |
| 2022-12-31 | $244M | 116 | +13.20% | +7.56% | +5.64% | -0.00B |
| 2022-09-30 | $216M | 115 | -4.68% | -4.93% | +0.25% | -0.00B |
| 2022-06-30 | $228M | 112 | -12.53% | -16.11% | +3.58% | +0.01B |