Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.60%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.93%
steady accumulation
Rally response
-0.97%
trims into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $51M | 28.6% | — | 2.5 yr |
| — | $36M | 20.2% | — | 1.0 yr |
| ALVAutoliv, Inc. | $29M | 16.4% | +22.4% | 6.8 yr |
| DKSDICK'S Sporting Goods, I | $18M | 10.1% | +0.1% | 0.8 yr |
| MANUManchester United plc | $16M | 9.1% | +28.5% | 1.8 yr |
| BUDAnheuser-Busch InBev SA/ | $15M | 8.2% | +14.7% | 0.3 yr |
| HDBHDFC Bank Limited | $11M | 6.3% | -24.3% | 2.3 yr |
| GLREGreenlight Capital Re, L | $2M | 1.1% | +27.6% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Unknown48.8%+28.7pp$88M
Auto - Parts16.4%-42.9pp$29M
Specialty Retail10.1%$18M
Entertainment9.1%+0.6pp$16M
Beverages - Alcoholic8.2%$15M
Banks - Regional6.3%-4.4pp$11M
Insurance - Reinsurance1.1%-0.0pp$2M
Country
Unknown48.8%+28.7pp
SE16.4%-42.9pp
US10.1%+9.8pp
GB9.1%+0.6pp
BE8.2%
IN6.3%-4.4pp
KY1.1%-0.0pp
Top 5: 84.4% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ALV | $80M | +0.02B | 22.4% |
| MANU | $12M | +0.00B | 28.5% |
| GLRE | $1M | +0.00B | 27.6% |
| HDB | $14M | -0.00B | -24.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| HDB | $14M | -0.00B | -24.3% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $180M | 8 | +17.81% | +17.59% | +0.22% | +0.00B |
| 2025-12-31 | $195M | 8 | +16.15% | +17.72% | -1.57% | -0.03B |
| 2025-09-30 | $233M | 8 | +22.31% | +17.52% | +4.80% | -0.10B |
| 2025-06-30 | $313M | 8 | +7.68% | +14.94% | -7.27% | +0.14B |
| 2025-03-31 | $135M | 6 | -20.68% | +8.30% | -28.99% | +0.03B |
| 2024-12-31 | $113M | 5 | -6.19% | +24.89% | -31.07% | -0.05B |
| 2024-09-30 | $160M | 7 | +0.09% | +36.04% | -35.95% | +0.02B |
| 2024-06-30 | $153M | 6 | +18.06% | +24.49% | -6.43% | +0.04B |
| 2024-03-31 | $125M | 5 | +29.65% | +29.62% | +0.03% | -0.08B |
| 2023-12-31 | $191M | 8 | +52.67% | +26.18% | +26.49% | +0.09B |
| 2023-09-30 | $93M | 2 | +61.48% | +21.57% | +39.91% | -0.01B |
| 2023-06-30 | $94M | 3 | +26.55% | +19.42% | +7.13% | -0.01B |
| 2023-03-31 | $98M | 4 | +2.59% | -7.82% | +10.40% | +0.01B |
| 2022-12-31 | $71M | 4 | +15.71% | +7.56% | +8.15% | +0.00B |
| 2022-09-30 | $59M | 4 | -14.07% | -4.93% | -9.14% | -0.01B |
| 2022-06-30 | $77M | 5 | -17.66% | -16.11% | -1.55% | +0.01B |