Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-13.45%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.13%
baseline attrition
Rally response
-10.65%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGAlphabet Inc. | $22M | 5.3% | +84.3% | 8.8 yr |
| CRCCalifornia Resources Cor | $17M | 4.3% | +62.5% | 0.3 yr |
| CENXCentury Aluminum Company | $16M | 4.0% | +216.2% | 2.5 yr |
| AVGOBroadcom Inc. | $14M | 3.5% | +86.0% | 5.0 yr |
| ZMZoom Communications, Inc | $12M | 3.0% | +9.0% | 0.3 yr |
| TIPTTiptree Inc. | $12M | 2.9% | -28.9% | 2.3 yr |
| METAMeta Platforms, Inc. | $11M | 2.9% | -0.4% | 7.0 yr |
| MUMicron Technology, Inc. | $11M | 2.8% | +289.6% | 2.0 yr |
| ICLRICON Public Limited Comp | $11M | 2.8% | -36.8% | 0.3 yr |
| COMPCompass, Inc. | $11M | 2.7% | -16.3% | 0.8 yr |
| AERAerCap Holdings N.V. | $10M | 2.6% | +35.6% | 3.0 yr |
| — | $10M | 2.5% | — | 0.3 yr |
| SANBanco Santander, S.A. | $10M | 2.5% | +73.5% | 1.3 yr |
| DELLDell Technologies Inc. | $10M | 2.5% | +83.4% | 3.0 yr |
| GPORGulfport Energy Corporat | $10M | 2.4% | +14.9% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors11.0%+3.0pp$44M
Internet Content & Information9.8%-1.3pp$39M
Oil & Gas Exploration & Production6.6%+5.0pp$27M
Software - Application5.7%$23M
Software - Infrastructure5.1%-1.9pp$21M
Financial - Credit Services5.1%+2.8pp$21M
Aluminum4.0%+2.9pp$16M
Residential Construction3.8%-2.2pp$15M
Asset Management3.8%-3.8pp$15M
Independent Power Producers3.0%+0.9pp$12M
Country
US84.6%-2.9pp
IE7.1%+2.1pp
Unknown2.5%+0.2pp
ES2.5%+0.5pp
TW1.3%
IL0.8%
BM0.7%-0.7pp
CN0.5%-0.4pp
Top 5: 20.0% · Top 10: 34.0% · Top 25: 67.3%
Top buys this quarter · 15
| CRC California Resources Corporatinew | +$17M |
| ZM Zoom Communications, Inc.new | +$12M |
| ICLR ICON Public Limited Companynew | +$11M |
| WULF TeraWulf Inc.new | +$8M |
| COF Capital One Financial Corporatnew | +$7M |
| APO Apollo Global Management, Inc. | +$6M |
| SATS EchoStar Corporationnew | +$6M |
| GOOG Alphabet Inc. | +$5M |
| MED Medifast, Inc. | +$4M |
| COMP Compass, Inc. | +$4M |
Top sells this quarter · 15
| ACMR ACM Research, Inc. | −$11M |
| CENX Century Aluminum Company | −$9M |
| GPGI GPGI, Inc.exit | −$6M |
| TSM Taiwan Semiconductor Manufactu | −$4M |
| ARES Ares Management Corporationexit | −$4M |
| CWAN Clearwater Analytics Holdings,exit | −$3M |
| AER AerCap Holdings N.V. | −$3M |
| TDG TransDigm Group Incorporatedexit | −$3M |
| TMHC Taylor Morrison Home Corporati | −$3M |
| HALO Halozyme Therapeutics, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $403M | 56 | +28.71% | +17.59% | +11.12% | +0.05B |
| 2025-12-31 | $365M | 59 | +28.92% | +17.72% | +11.20% | -0.03B |
| 2025-09-30 | $384M | 60 | +29.65% | +17.52% | +12.13% | -0.01B |
| 2025-06-30 | $351M | 58 | +28.70% | +14.94% | +13.76% | -0.03B |
| 2025-03-31 | $331M | 55 | +17.54% | +8.30% | +9.24% | +0.01B |
| 2024-12-31 | $324M | 56 | +36.50% | +24.89% | +11.61% | -0.00B |
| 2024-09-30 | $317M | 49 | +51.59% | +36.04% | +15.55% | +0.02B |
| 2024-06-30 | $272M | 41 | +35.59% | +24.49% | +11.10% | -0.03B |
| 2024-03-31 | $290M | 37 | +29.72% | +29.62% | +0.10% | -0.01B |
| 2023-12-31 | $266M | 42 | +25.29% | +26.18% | -0.88% | -0.04B |
| 2023-09-30 | $268M | 42 | +25.29% | +21.57% | +3.72% | -0.02B |
| 2023-06-30 | $288M | 42 | +22.54% | +19.42% | +3.11% | -0.01B |
| 2023-03-31 | $300M | 38 | +3.82% | -7.82% | +11.64% | +0.03B |
| 2022-12-31 | $244M | 28 | +14.69% | +7.56% | +7.13% | +0.02B |
| 2022-09-30 | $199M | 26 | -3.04% | -4.93% | +1.89% | -0.08B |
| 2022-06-30 | $287M | 36 | -14.99% | -16.11% | +1.12% | +0.01B |