Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.16%
adds when stocks drop
when a holding falls −10%+
Middle response
-16.49%
baseline attrition
Rally response
-30.21%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VICRVicor Corporation | $25M | 16.4% | +244.2% | 0.5 yr |
| ECGEverus Construction Grou | $10M | 6.8% | +218.3% | 1.0 yr |
| BWBabcock & Wilcox Enterpr | $8M | 5.5% | +2084.7% | 0.3 yr |
| CCJCameco Corporation | $7M | 4.6% | +164.4% | 1.5 yr |
| NXTNextpower Inc. | $6M | 3.9% | +186.1% | 2.0 yr |
| FSLRFirst Solar, Inc. | $6M | 3.9% | +56.0% | 6.8 yr |
| WMBThe Williams Companies, | $5M | 3.6% | +25.8% | 3.8 yr |
| PWRQuanta Services, Inc. | $5M | 3.4% | +116.2% | 2.3 yr |
| MPWRMonolithic Power Systems | $5M | 3.2% | +89.6% | 0.3 yr |
| AXTIAXT, Inc. | $5M | 3.2% | +3941.1% | 0.5 yr |
| MTZMasTec, Inc. | $5M | 3.1% | +175.7% | 2.3 yr |
| ROGRogers Corporation | $5M | 3.0% | +58.9% | 0.3 yr |
| MTRNMaterion Corporation | $4M | 2.4% | +78.2% | 0.3 yr |
| EOSEEos Energy Enterprises, | $4M | 2.3% | +31.2% | 0.5 yr |
| SEISolaris Energy Infrastru | $3M | 2.2% | +163.1% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Hardware, Equipment & Parts20.6%+15.3pp$32M
Engineering & Construction16.5%+1.2pp$25M
Electrical Equipment & Parts8.3%$13M
Semiconductors8.0%+6.7pp$12M
Uranium6.5%-8.5pp$10M
Solar5.7%-4.1pp$9M
Industrial - Machinery5.5%-8.3pp$8M
Consumer Electronics3.9%$6M
Unknown3.9%+1.9pp$6M
Oil & Gas Midstream3.6%-0.4pp$5M
Country
US86.2%+9.9pp
CA5.2%-8.4pp
Unknown3.9%+1.9pp
IT2.0%+0.7pp
AU1.6%
GB1.2%
Top 5: 37.2% · Top 10: 54.4% · Top 25: 84.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CCJ | $14M | +0.02B | 164.4% |
| MTZ | $11M | +0.02B | 175.7% |
| FSLR | $10M | +0.01B | 56.0% |
| PWR | $3M | +0.00B | 116.2% |
| WMB | $3M | +0.00B | 25.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| BW Babcock & Wilcox Enterprises, new | +$8M |
| ECG Everus Construction Group, Inc | +$6M |
| MPWR Monolithic Power Systems, Inc.new | +$5M |
| FSLR First Solar, Inc. | +$5M |
| ROG Rogers Corporationnew | +$5M |
| MTRN Materion Corporationnew | +$4M |
| VICR Vicor Corporation | +$3M |
| NXT Nextpower Inc. | +$3M |
| SEI Solaris Energy Infrastructure,new | +$3M |
| UUUU Energy Fuels Inc.new | +$3M |
Top sells this quarter · 15
| ORA Ormat Technologies, Inc.exit | −$9M |
| BE Bloom Energy Corporation | −$9M |
| VRT Vertiv Holdings Coexit | −$9M |
| ETN Eaton Corporation plcexit | −$7M |
| F-PD Ford Motor Company 6.500% Noteexit | −$6M |
| SEDG SolarEdge Technologies, Inc.exit | −$5M |
| CIFR Cipher Mining Inc.exit | −$5M |
| BEP Brookfield Renewable Partners exit | −$5M |
| APLD Applied Digital Corporationexit | −$5M |
| HUT.TO Hut 8 Mining Corp. | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $154M | 49 | +122.98% | +17.59% | +105.39% | -0.03B |
| 2025-12-31 | $156M | 54 | +79.87% | +17.72% | +62.15% | +0.08B |
| 2025-09-30 | $65M | 44 | +82.51% | +17.52% | +64.99% | -0.11B |
| 2025-06-30 | $137M | 39 | +62.10% | +14.94% | +47.16% | -0.07B |
| 2025-03-31 | $151M | 34 | +21.01% | +8.30% | +12.71% | +0.01B |
| 2024-12-31 | $151M | 32 | +32.63% | +24.89% | +7.74% | -0.01B |
| 2024-09-30 | $141M | 28 | +12.20% | +36.04% | -23.84% | +0.00B |
| 2024-06-30 | $126M | 28 | -18.49% | +24.49% | -42.98% | -0.03B |
| 2024-03-31 | $148M | 32 | -16.67% | +29.62% | -46.29% | -0.01B |
| 2023-12-31 | $154M | 24 | +18.01% | +26.18% | -8.17% | -0.09B |
| 2023-09-30 | $255M | 42 | -6.97% | +21.57% | -28.53% | -0.01B |
| 2023-06-30 | $333M | 40 | +85.63% | +19.42% | +66.21% | -0.01B |
| 2023-03-31 | $322M | 43 | +61.55% | -7.82% | +69.36% | -0.15B |
| 2022-12-31 | $320M | 45 | +34.37% | -18.17% | +52.55% | +0.11B |
| 2022-09-30 | $277M | 43 | +60.18% | -4.93% | +65.11% | -0.07B |
| 2022-06-30 | $216M | 44 | -7.79% | -16.11% | +8.32% | -0.07B |