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
+0.00%
baseline attrition
Rally response
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $30M | 43.8% | — | 3.0 yr |
| EPSNEpsilon Energy Ltd. | $16M | 23.5% | -9.0% | 0.5 yr |
| REPXRiley Exploration Permia | $14M | 20.5% | +32.4% | 4.8 yr |
| METCBRamaco Resources, Inc. | $8M | 12.1% | — | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production44.0%+15.7pp$31M
Unknown43.8%-16.1pp$30M
Coal12.1%+0.3pp$8M
Country
US56.2%+16.1pp
Unknown43.8%-16.1pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| REPX | $11M | +0.00B | 32.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 2
| METCB Ramaco Resources, Inc. | −$0M |
| — | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $69M | 4 | +26.46% | +17.59% | +8.87% | -0.04B |
| 2025-12-31 | $77M | 4 | -14.68% | +17.72% | -32.40% | -0.03B |
| 2025-09-30 | $107M | 3 | +7.91% | +17.52% | -9.61% | +0.05B |
| 2025-06-30 | $55M | 3 | -2.45% | +14.94% | -17.39% | +0.02B |
| 2025-03-31 | $40M | 3 | -7.09% | +8.30% | -15.39% | -0.01B |
| 2024-12-31 | $52M | 3 | +23.85% | +24.89% | -1.04% | -0.02B |
| 2024-09-30 | $55M | 3 | -12.14% | +36.04% | -48.17% | -0.00B |
| 2024-06-30 | $59M | 3 | -16.69% | +24.49% | -41.19% | -0.02B |
| 2024-03-31 | $86M | 4 | -6.64% | +29.62% | -36.27% | -0.01B |
| 2023-12-31 | $80M | 4 | -17.45% | +26.18% | -43.62% | -0.04B |
| 2023-09-30 | $134M | 5 | +1.77% | +21.57% | -19.80% | +0.03B |
| 2023-06-30 | $121M | 5 | -18.36% | +19.42% | -37.78% | +0.02B |
| 2023-03-31 | $104M | 4 | -28.14% | -7.82% | -20.32% | -0.02B |
| 2022-12-31 | $111M | 4 | +6.85% | +7.56% | -0.71% | -0.00B |
| 2022-09-30 | $105M | 3 | -27.92% | -4.93% | -22.99% | +0.01B |
| 2022-06-30 | $132M | 3 | -14.28% | -16.11% | +1.83% | -0.14B |