Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.69%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.09%
steady accumulation
Rally response
-9.06%
trims into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMXAmérica Móvil, S.A.B. | $305M | 35.2% | +83.2% | 9.3 yr |
| MELIMercadoLibre, Inc. | $212M | 24.5% | +1.7% | 9.0 yr |
| HDBHDFC Bank Limited | $117M | 13.5% | -21.2% | 9.3 yr |
| ITUBItaú Unibanco Holding S | $108M | 12.5% | +110.6% | 7.3 yr |
| FMXFomento Económico Mexic | $55M | 6.3% | +41.4% | 9.3 yr |
| PACGrupo Aeroportuario del | $47M | 5.4% | +45.8% | 8.8 yr |
| TLKPerusahaan Perseroan (Pe | $20M | 2.3% | +20.3% | 9.3 yr |
| SPGIS&P Global Inc. | $3M | 0.3% | -13.8% | 9.0 yr |
Portfolio composition (YoY)
Industry mix
Telecommunications Services37.5%+10.4pp$325M
Banks - Regional26.0%-9.3pp$225M
Specialty Retail24.5%+3.7pp$212M
Beverages - Alcoholic6.3%+1.7pp$55M
Airlines, Airports & Air Services5.4%+0.6pp$47M
Financial - Data & Stock Exchanges0.3%$3M
Country
MX46.9%+11.6pp
UY24.5%+3.7pp
IN13.5%-14.1pp
BR12.5%+4.8pp
ID2.3%+0.9pp
US0.3%-4.3pp
Top 5: 91.9% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AMX | $161M | +0.13B | 83.2% |
| ITUB | $48M | +0.04B | 110.6% |
| PAC | $30M | +0.01B | 45.8% |
| FMX | $29M | +0.01B | 41.4% |
| MELI | $130M | +0.00B | 1.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| HDB | $172M | -0.02B | -21.2% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $867M | 8 | +29.59% | +17.59% | +12.00% | +0.03B |
| 2025-12-31 | $867M | 8 | +19.31% | +26.03% | -6.71% | +0.15B |
| 2025-09-30 | $723M | 8 | +29.77% | +29.82% | -0.04% | -0.07B |
| 2025-06-30 | $786M | 8 | +32.07% | +25.32% | +6.75% | -0.05B |
| 2024-12-31 | $625M | 30 | +7.50% | +24.89% | -17.38% | +0.03B |
| 2024-09-30 | $675M | 34 | +43.35% | +36.04% | +7.32% | -0.05B |
| 2024-06-30 | $673M | 31 | +17.70% | +24.49% | -6.79% | -0.23B |
| 2024-03-31 | $870M | 30 | +17.49% | +29.62% | -12.14% | -0.05B |
| 2023-12-31 | $845M | 30 | +32.74% | +26.18% | +6.57% | +0.06B |
| 2023-09-30 | $661M | 31 | +21.56% | +21.57% | -0.00% | -0.04B |
| 2023-06-30 | $789M | 30 | +30.56% | +19.42% | +11.14% | -0.05B |
| 2023-03-31 | $813M | 29 | +2.54% | -7.82% | +10.35% | -0.18B |
| 2022-12-31 | $811M | 26 | +8.07% | +7.56% | +0.51% | -0.03B |
| 2022-09-30 | $781M | 24 | -4.57% | -4.93% | +0.36% | +0.02B |
| 2022-06-30 | $799M | 23 | -19.05% | -16.11% | -2.94% | +0.01B |
| 2022-03-31 | $978M | 25 | — | — | — | -0.00B |