Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.11%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.80%
baseline attrition
Rally response
-7.02%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| OXY-WTOccidental Petroleum Cor | $21M | 23.7% | — | 4.3 yr |
| CLMCornerstone Strategic Va | $8M | 8.6% | — | 0.3 yr |
| — | $3M | 3.1% | — | 0.5 yr |
| — | $3M | 3.1% | — | 0.3 yr |
| — | $2M | 2.7% | — | 2.0 yr |
| EPR-PCEPR Properties | $2M | 2.6% | — | 3.0 yr |
| STXSStereotaxis, Inc. | $2M | 2.3% | +4.5% | 2.8 yr |
| BAC-PLBank of America Corporat | $2M | 2.0% | — | 0.8 yr |
| XLEState Street Energy Sele | $2M | 2.0% | — | 0.5 yr |
| QQQInvesco QQQ Trust, Serie | $2M | 2.0% | — | 1.8 yr |
| SGOViShares 0-3 Month Treasu | $2M | 1.9% | — | 0.8 yr |
| FGIIFG Imperii Acquisition C | $2M | 1.7% | — | 0.3 yr |
| — | $1M | 1.7% | — | 3.0 yr |
| EPR-PEEPR Properties | $1M | 1.7% | — | 1.0 yr |
| — | $1M | 1.6% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Unknown33.4%+0.3pp$29M
Oil & Gas Exploration & Production23.7%$21M
Asset Management15.1%-2.9pp$13M
Shell Companies7.3%-12.7pp$6M
Financial - Conglomerates4.3%$4M
REIT - Specialty4.3%-2.5pp$4M
Asset Management - Bonds2.7%-1.0pp$2M
Medical - Instruments & Supplies2.3%+0.1pp$2M
Banks - Diversified2.0%$2M
Real Estate - Services1.2%-1.3pp$1M
Country
US62.8%-0.8pp
Unknown33.4%+0.3pp
SG1.0%
KY0.9%
TW0.5%
KR0.4%
MX0.4%
FR0.3%
Top 5: 41.2% · Top 10: 52.0% · Top 25: 72.2%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NEN | $1M | -0.00B | -23.3% |
Top buys this quarter · 15
| FGII FG Imperii Acquisition Corp. Cnew | +$2M |
| DBCA D. Boral Acquisition I Corp. Cnew | +$1M |
| SVAQ Silicon Valley Acquisition Cornew | +$1M |
| VHCP Vine Hill Capital Investment Cnew | +$1M |
| SCII SC II Acquisition Corp. Class new | +$0M |
| CRAN Crane Harbor Acquisition Corp.new | +$0M |
| DC Dakota Gold Corp.new | +$0M |
| NEN New England Realty Associates | +$1M |
| VENU Venu Holding Corporationnew | +$0M |
| ICCM IceCure Medical Ltdnew | +$0M |
Top sells this quarter · 15
| YCY AA Mission Acquisition Corp. Iexit | −$1M |
| TLNC Talon Capital Corp. Class A Orexit | −$1M |
| RGTI Rigetti Computing, Inc.exit | −$1M |
| MPTI M-tron Industries, Inc.exit | −$0M |
| OKLO Oklo Inc.exit | −$0M |
| WTG Wintergreen Acquisition Corp.exit | −$0M |
| FGMC FG Merger Corp.exit | −$0M |
| PROF Profound Medical Corp.exit | −$0M |
| CHEC Chenghe Acquisition III Co. Clexit | −$0M |
| EOSE Eos Energy Enterprises, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $88M | 141 | -2.87% | +17.59% | -20.46% | +0.05B |
| 2025-12-31 | $44M | 120 | -1.50% | +17.72% | -19.22% | -0.01B |
| 2025-09-30 | $60M | 115 | +52.31% | +17.52% | +34.79% | -0.43B |
| 2025-06-30 | $400M | 147 | +13.93% | +14.94% | -1.01% | +0.37B |
| 2025-03-31 | $31M | 120 | -14.55% | +8.30% | -22.85% | -0.03B |
| 2024-12-31 | $60M | 122 | -15.29% | +24.89% | -40.17% | -0.03B |
| 2024-09-30 | $67M | 125 | -35.42% | +36.04% | -71.46% | -0.02B |
| 2024-06-30 | $89M | 140 | -27.87% | +24.49% | -52.36% | +0.03B |
| 2024-03-31 | $80M | 141 | +10.18% | +29.62% | -19.45% | +0.01B |
| 2023-12-31 | $72M | 151 | -25.15% | +26.18% | -51.33% | -0.02B |
| 2023-09-30 | $95M | 180 | -53.75% | +21.57% | -75.32% | +0.02B |
| 2023-06-30 | $70M | 165 | -86.11% | +19.42% | -105.53% | -0.01B |
| 2023-03-31 | $72M | 178 | -92.65% | -7.82% | -84.83% | +0.01B |
| 2022-12-31 | $96M | 203 | -37.49% | +7.56% | -45.05% | -0.01B |
| 2022-09-30 | $175M | 220 | -69.07% | -4.93% | -64.14% | +0.14B |
| 2022-06-30 | $122M | 174 | -40.74% | -16.11% | -24.63% | +0.04B |