Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.86%
trims when stocks drop
when a holding falls −10%+
Middle response
-28.26%
baseline attrition
Rally response
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NEXTNextDecade Corporation | $71M | 85.1% | — | 0.5 yr |
| GSMFerroglobe PLC | $5M | 6.3% | — | 0.5 yr |
| LTMLATAM Airlines Group S.A | $3M | 3.9% | — | 0.5 yr |
| CCOClear Channel Outdoor Ho | $2M | 3.0% | — | 0.5 yr |
| BURBurford Capital Limited | $1M | 1.7% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production85.1%$71M
Industrial Materials6.3%$5M
Airlines, Airports & Air Services3.9%$3M
Advertising Agencies3.0%$2M
Asset Management1.7%$1M
Country
US88.1%
GB6.3%
CL3.9%
GG1.7%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 1
| BUR Burford Capital Limitednew | +$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $83M | 5 | +32.35% | -4.37% | +36.72% | +0.00B |
| 2025-12-31 | $63M | 4 | — | — | — | — |