Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.61%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.97%
baseline attrition
Rally response
-10.12%
trims into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EVRGEvergy, Inc. | $218M | 67.6% | +23.3% | 5.0 yr |
| NRGNRG Energy, Inc. | $50M | 15.5% | +55.0% | 8.5 yr |
| REPXRiley Exploration Permia | $36M | 11.2% | +32.4% | 5.3 yr |
| FEAM5E Advanced Materials In | $17M | 5.3% | -63.4% | 1.3 yr |
| VGASVerde Clean Fuels, Inc. | $1M | 0.4% | -49.6% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Regulated Electric67.6%+25.2pp$218M
Independent Power Producers15.5%+0.2pp$50M
Oil & Gas Exploration & Production11.2%-19.3pp$36M
Industrial Materials5.3%-1.4pp$17M
Renewable Utilities0.4%-0.2pp$1M
Country
US100.0%+4.6pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| FEAM 5E Advanced Materials Inc. | +$17M |
Top sells this quarter · 1
| REPX Riley Exploration Permian, Inc | −$115M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $322M | 5 | +27.21% | +17.59% | +9.62% | -0.11B |
| 2025-12-31 | $383M | 5 | +16.33% | +17.72% | -1.39% | -0.03B |
| 2025-09-30 | $431M | 6 | +28.05% | +17.52% | +10.54% | -0.01B |
| 2025-06-30 | $411M | 6 | +32.36% | +14.94% | +17.42% | -0.06B |
| 2025-03-31 | $433M | 6 | +20.75% | +8.30% | +12.45% | -0.00B |
| 2024-12-31 | $421M | 5 | +36.92% | +24.89% | +12.03% | -0.04B |
| 2024-09-30 | $438M | 5 | +42.56% | +36.04% | +6.52% | -0.02B |
| 2024-06-30 | $419M | 5 | +21.34% | +24.49% | -3.15% | -0.02B |
| 2024-03-31 | $447M | 5 | +21.61% | +29.62% | -8.02% | -0.01B |
| 2023-12-31 | $387M | 5 | +15.85% | +26.18% | -10.33% | -0.19B |
| 2023-09-30 | $518M | 6 | +16.57% | +21.57% | -5.00% | +0.02B |
| 2023-06-30 | $529M | 4 | +13.12% | +19.42% | -6.30% | +0.05B |
| 2023-03-31 | $481M | 4 | +12.32% | -7.82% | +20.14% | +0.00B |
| 2022-12-31 | $427M | 3 | +11.35% | +7.56% | +3.79% | -0.00B |
| 2022-09-30 | $385M | 3 | -8.78% | -4.93% | -3.85% | -0.00B |
| 2022-06-30 | $427M | 3 | -1.53% | -16.11% | +14.58% | -0.12B |