Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.88%
trims when stocks drop
when a holding falls −10%+
Middle response
-28.68%
baseline attrition
Rally response
-10.99%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EVTLVertical Aerospace Ltd. | $121M | 69.2% | -34.2% | 1.5 yr |
| VRMVroom, Inc. | $53M | 30.3% | +121.8% | 1.3 yr |
| FUBOfuboTV Inc. | $1M | 0.5% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Aerospace & Defense69.2%+9.4pp$121M
Auto - Dealerships30.3%-9.9pp$53M
Broadcasting0.5%$1M
Country
GB69.2%+9.4pp
US30.8%-9.4pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| EVTL | $173M | -0.06B | -34.2% |
Top buys this quarter · 1
| FUBO fuboTV Inc.new | +$1M |
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $174M | 3 | -15.43% | +17.59% | -33.02% | +0.00B |
| 2025-12-31 | $370M | 2 | -51.93% | +17.72% | -69.65% | +0.00B |
| 2025-09-30 | $389M | 3 | -18.89% | +8.12% | -27.02% | +0.01B |
| 2025-06-30 | $464M | 3 | +134.47% | +10.78% | +123.69% | -0.21B |
| 2025-03-31 | $289M | 2 | -73.29% | -4.27% | -69.02% | +0.13B |
| 2024-12-31 | $596M | 1 | — | — | — | +0.56B |
| 2024-09-30 | $38M | 2 | -57.23% | +36.04% | -93.27% | +0.01B |
| 2024-06-30 | $37M | 3 | -55.39% | +24.49% | -79.88% | -0.00B |
| 2024-03-31 | $52M | 7 | -46.92% | +29.62% | -76.54% | -0.04B |
| 2023-12-31 | $86M | 6 | -59.76% | +26.18% | -85.94% | +0.04B |
| 2023-09-30 | $63M | 7 | -48.91% | +21.57% | -70.48% | +0.01B |
| 2023-06-30 | $71M | 8 | -53.31% | +19.42% | -72.74% | -55.36B |
| 2023-03-31 | $58.92B | 10 | -71.88% | -7.82% | -64.06% | +58.80B |
| 2022-12-31 | $145M | 10 | -14.52% | +7.56% | -22.08% | -0.11B |
| 2022-09-30 | $295M | 11 | -30.89% | -4.93% | -25.96% | +0.07B |
| 2022-06-30 | $330M | 11 | -43.34% | -16.11% | -27.23% | +0.04B |