Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
—
—
when a holding falls −10%+
Middle response
+0.36%
steady accumulation
Rally response
+11.60%
adds into rallies
when a holding rises +10%+
Top positions · 15
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| WBDWarner Bros. Discovery, | $46M | 15.9% | +155.9% | 0.5 yr |
| IHSIHS Holding Limited | $36M | 12.4% | +57.7% | 0.3 yr |
| SLS.TOSolaris Resources Inc. | $35M | 12.3% | +148.1% | 1.3 yr |
| HOLXHologic, Inc. | $31M | 10.7% | +22.4% | 0.8 yr |
| NSCNorfolk Southern Corpora | $28M | 9.6% | +23.6% | 0.5 yr |
| GTLSChart Industries, Inc. | $24M | 8.4% | +43.2% | 0.5 yr |
| — | $23M | 8.0% | — | 0.3 yr |
| FOLDAmicus Therapeutics, Inc | $16M | 5.5% | +77.2% | 0.5 yr |
| PENPenumbra, Inc. | $14M | 4.9% | +22.8% | 0.3 yr |
| RVMDRevolution Medicines, In | $13M | 4.7% | +175.0% | 0.3 yr |
| PRAProAssurance Corporation | $9M | 3.2% | +5.9% | 0.5 yr |
| ACLXArcellx, Inc. | $6M | 2.2% | — | 0.3 yr |
| OLPXOlaplex Holdings, Inc. | $3M | 1.0% | +59.8% | 0.3 yr |
| ABVXAbivax S.A. | $2M | 0.6% | +1681.6% | 0.3 yr |
| GPCRStructure Therapeutics I | $2M | 0.6% | +178.5% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Entertainment15.9%$46M
Biotechnology13.6%$39M
Telecommunications Services12.4%$36M
Other Precious Metals12.3%+0.8pp$35M
Medical - Instruments & Supplies10.7%$31M
Railroads9.6%$28M
Industrial - Machinery8.4%$24M
Unknown8.0%$23M
Medical - Devices4.9%$14M
Insurance - Property & Casualty3.2%$9M
Country
US66.7%-8.0pp
GB12.4%
CA12.3%+0.8pp
Unknown8.0%
FR0.6%
Top 5: 60.9% · Top 10: 92.4% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SLS.TO | $15M | +0.03B | 148.1% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| IHS IHS Holding Limitednew | +$36M |
| HOLX Hologic, Inc. | +$21M |
| PEN Penumbra, Inc.new | +$14M |
| RVMD Revolution Medicines, Inc.new | +$13M |
| WBD Warner Bros. Discovery, Inc. | +$3M |
| OLPX Olaplex Holdings, Inc.new | +$3M |
| ABVX Abivax S.A.new | +$2M |
| GPCR Structure Therapeutics Inc.new | +$2M |
| SLS.TO Solaris Resources Inc. | +$1M |
| GTLS Chart Industries, Inc. | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $287M | 15 | +76.08% | +17.59% | +58.49% | +0.07B |
| 2025-12-31 | $214M | 11 | +13.58% | +2.66% | +10.92% | +0.07B |
| 2025-09-30 | $126M | 9 | +22.91% | +8.12% | +14.78% | -0.02B |
| 2025-06-30 | $121M | 7 | +26.04% | +10.78% | +15.26% | -0.05B |
| 2025-03-31 | $134M | 6 | — | — | — | -0.09B |
| 2024-12-31 | $219M | 3 | +8.60% | +24.89% | -16.29% | -0.24B |
| 2024-09-30 | $416M | 9 | -5.60% | +36.04% | -41.64% | -0.10B |
| 2024-06-30 | $483M | 10 | -5.61% | +24.49% | -30.10% | -0.12B |
| 2024-03-31 | $640M | 8 | -4.17% | +29.62% | -33.80% | +0.15B |
| 2023-12-31 | $501M | 10 | -2.34% | +26.18% | -28.52% | -0.55B |
| 2023-09-30 | $1.09B | 10 | +6.34% | -3.22% | +9.56% | +0.19B |
| 2023-06-30 | $849M | 10 | -4.57% | +8.68% | -13.25% | +0.19B |
| 2023-03-31 | $695M | 9 | -0.40% | +7.46% | -7.86% | +0.35B |
| 2022-12-31 | $348M | 10 | — | — | — | -0.09B |
| 2022-09-30 | $433M | 7 | -2.43% | -4.93% | +2.50% | +0.31B |
| 2022-06-30 | $126M | 6 | -4.50% | -16.11% | +11.61% | -0.14B |