Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.00%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.52%
baseline attrition
Rally response
-2.91%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PBRPetróleo Brasileiro S.A | $15M | 5.1% | +54.2% | 4.3 yr |
| GOOGAlphabet Inc. | $14M | 4.9% | +84.3% | 10.3 yr |
| BILState Street SPDR Bloomb | $12M | 4.2% | — | 3.8 yr |
| HBMHudbay Minerals Inc. | $11M | 3.8% | +175.7% | 4.8 yr |
| SPMDState Street SPDR Portfo | $10M | 3.5% | — | 1.5 yr |
| GSThe Goldman Sachs Group, | $10M | 3.5% | +58.1% | 10.5 yr |
| RSPInvesco S&P 500 Equal We | $10M | 3.4% | — | 5.5 yr |
| FRDMFreedom 100 Emerging Mar | $8M | 2.9% | — | 2.3 yr |
| KMIKinder Morgan, Inc. | $8M | 2.9% | +22.6% | 6.0 yr |
| CSCOCisco Systems, Inc. | $8M | 2.8% | +28.1% | 5.3 yr |
| ENSEnerSys | $8M | 2.7% | +91.3% | 1.0 yr |
| VYMIVanguard International H | $8M | 2.6% | — | 3.3 yr |
| METMetLife, Inc. | $8M | 2.6% | -9.3% | 10.5 yr |
| MTRNMaterion Corporation | $7M | 2.6% | +78.2% | 1.0 yr |
| KTOSKratos Defense & Securit | $7M | 2.6% | +137.5% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management34.0%+3.0pp$98M
Aerospace & Defense7.4%+1.8pp$21M
Oil & Gas Integrated5.5%+1.8pp$16M
Internet Content & Information4.9%+1.7pp$14M
Copper3.8%+2.0pp$11M
Financial - Capital Markets3.5%+0.5pp$10M
Oil & Gas Midstream3.4%-0.0pp$10M
Electrical Equipment & Parts3.2%+0.2pp$9M
Communication Equipment3.0%-1.4pp$9M
Biotechnology2.8%$8M
Country
US89.6%-3.1pp
BR5.1%+1.8pp
CA4.1%+2.3pp
IE0.6%
MC0.5%+0.2pp
TW0.1%
Unknown0.1%-0.6pp
Top 5: 21.4% · Top 10: 37.0% · Top 25: 69.8%
Top buys this quarter · 15
| ALKS Alkermes plcnew | +$2M |
| DNLI Denali Therapeutics Inc.new | +$2M |
| AMZN Amazon.com, Inc. | +$1M |
| GOOG Alphabet Inc. | +$14M |
| APH Amphenol Corporation | +$0M |
| AMSC American Superconductor Corpor | +$0M |
| SBC SBC Medical Group Holdings Incnew | +$0M |
| KTOS Kratos Defense & Security Solu | +$7M |
| UTI Universal Technical Institute, | +$0M |
| NOC Northrop Grumman Corporation | +$0M |
Top sells this quarter · 15
| GPRE Green Plains Inc. | −$7M |
| AMD Advanced Micro Devices, Inc.exit | −$5M |
| SNOW Snowflake Inc.exit | −$3M |
| PRU Prudential Financial, Inc.exit | −$3M |
| PATH UiPath Inc.exit | −$2M |
| BE Bloom Energy Corporation | −$2M |
| GM General Motors Companyexit | −$0M |
| ORCL Oracle Corporation | −$0M |
| HBM Hudbay Minerals Inc. | −$10M |
| PBR Petróleo Brasileiro S.A. - Pe | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $289M | 99 | +71.54% | +17.59% | +53.95% | -0.02B |
| 2025-12-31 | $286M | 100 | +47.29% | +17.72% | +29.57% | -0.00B |
| 2025-09-30 | $272M | 97 | +44.66% | +17.52% | +27.14% | -0.03B |
| 2025-06-30 | $229M | 88 | +17.18% | +14.94% | +2.24% | -0.04B |
| 2025-03-31 | $227M | 82 | +1.76% | +8.30% | -6.54% | +0.01B |
| 2024-12-31 | $233M | 79 | +17.94% | +24.89% | -6.94% | -0.00B |
| 2024-09-30 | $227M | 79 | +22.99% | +36.04% | -13.05% | +0.00B |
| 2024-06-30 | $212M | 74 | +21.07% | +24.49% | -3.42% | +0.00B |
| 2024-03-31 | $206M | 70 | +23.11% | +29.62% | -6.52% | +0.02B |
| 2023-12-31 | $173M | 61 | +17.33% | +26.18% | -8.84% | +0.01B |
| 2023-09-30 | $151M | 56 | +21.15% | +21.57% | -0.42% | -0.03B |
| 2023-06-30 | $170M | 62 | +8.99% | +19.42% | -10.44% | -0.01B |
| 2023-03-31 | $170M | 69 | -5.92% | -7.82% | +1.90% | -0.01B |
| 2022-12-31 | $175M | 68 | -11.47% | -18.17% | +6.70% | -0.01B |
| 2022-09-30 | $170M | 66 | -11.62% | -15.51% | +3.89% | +0.01B |
| 2022-06-30 | $174M | 65 | -5.09% | -10.62% | +5.53% | -0.04B |