Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.35%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.05%
baseline attrition
Rally response
-1.95%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GTXGarrett Motion Inc. | $18M | 18.2% | — | 0.5 yr |
| CEFSprott Physical Gold and | $9M | 8.8% | — | 0.5 yr |
| ABSIAbsci Corporation | $7M | 6.4% | — | 0.5 yr |
| CFCF Industries Holdings, | $6M | 6.4% | — | 0.3 yr |
| TRCTejon Ranch Co. | $6M | 5.7% | — | 0.5 yr |
| ORMPOramed Pharmaceuticals I | $6M | 5.5% | — | 0.5 yr |
| LRNStride, Inc. | $5M | 5.3% | — | 0.5 yr |
| JOEThe St. Joe Company | $5M | 5.0% | — | 0.5 yr |
| QDELQuidelOrtho Corporation | $5M | 4.8% | — | 0.5 yr |
| SHCSotera Health Company | $5M | 4.6% | — | 0.5 yr |
| PCYOPure Cycle Corporation | $5M | 4.5% | — | 0.5 yr |
| BTCGrayscale Bitcoin Mini T | $4M | 4.3% | — | 0.3 yr |
| LRMRLarimar Therapeutics, In | $4M | 3.8% | — | 0.5 yr |
| PDFSPDF Solutions, Inc. | $3M | 3.4% | — | 0.5 yr |
| FBTCFidelity Wise Origin Bit | $2M | 2.3% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Auto - Parts18.2%$18M
Biotechnology16.7%$17M
Asset Management13.1%$13M
Agricultural Inputs6.4%$6M
Education & Training Services6.1%$6M
Medical - Diagnostics & Research6.0%$6M
Conglomerates5.7%$6M
Real Estate - Diversified5.0%$5M
Medical - Instruments & Supplies4.8%$5M
Software - Application4.5%$5M
Country
US72.2%
CH18.2%
CA8.8%
IL0.8%
Top 5: 45.5% · Top 10: 70.8% · Top 25: 98.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 8
| FBTC Fidelity Wise Origin Bitcoin F | +$0M |
| BTC Grayscale Bitcoin Mini Trust Enew | +$0M |
| CF CF Industries Holdings, Inc.new | +$6M |
| QDEL QuidelOrtho Corporation | +$3M |
| LRMR Larimar Therapeutics, Inc. | +$3M |
| COUR Coursera, Inc.new | +$1M |
| ATEX Anterix Inc.new | +$0M |
| FTRE Fortrea Holdings Inc.new | +$0M |
Top sells this quarter · 12
| UHAL-B U-Haul Holding Company | −$0M |
| BRK-B Berkshire Hathaway Inc. | −$0M |
| CEF Sprott Physical Gold and Silve | −$0M |
| IBIT iShares Bitcoin Trust ETFexit | −$0M |
| SATS EchoStar Corporationexit | −$12M |
| GRAL GRAIL, Inc. | −$3M |
| ORMP Oramed Pharmaceuticals Inc. | −$1M |
| GTX Garrett Motion Inc. | −$18M |
| DRTS Alpha Tau Medical Ltd. | −$1M |
| SEG Seaport Entertainment Group In | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $102M | 34 | +1.07% | -4.37% | +5.44% | -0.00B |
| 2025-12-31 | $105M | 31 | — | — | — | — |