Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-15.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
-20.83%
trims into rallies
when a holding rises +10%+
Top positions · 1
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JOBYJoby Aviation, Inc. | $40M | 100.0% | +37.2% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Airlines, Airports & Air Services100.0%+1.5pp$40M
Country
US100.0%+1.5pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| JOBY | $58M | +0.02B | 37.2% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 0
No buys this quarter
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 | $40M | 1 | +37.21% | +17.59% | +19.62% | -0.00B |
| 2025-12-31 | $63M | 1 | +62.36% | +17.72% | +44.64% | -0.00B |
| 2025-09-30 | $78M | 2 | +216.62% | +17.52% | +199.10% | -0.08B |
| 2025-06-30 | $102M | 2 | +35.49% | +14.94% | +20.55% | -0.00B |
| 2025-03-31 | $59M | 2 | -35.09% | +8.30% | -43.39% | +0.00B |
| 2024-12-31 | $79M | 2 | -2.91% | +24.89% | -27.79% | -0.04B |
| 2024-09-30 | $73M | 3 | -34.53% | +5.75% | -40.29% | +0.02B |
| 2024-06-30 | $74M | 2 | -16.04% | +4.38% | -20.42% | +0.01B |
| 2024-03-31 | $79M | 3 | +10.76% | +10.39% | +0.37% | -0.03B |
| 2023-12-31 | $98M | 3 | — | — | — | — |