Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.25%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.19%
steady accumulation
Rally response
-9.79%
trims into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LILAKLiberty Latin America Lt | $109M | 99.5% | — | 7.8 yr |
| LILALiberty Latin America Lt | $1M | 0.5% | +36.5% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Telecommunications Services100.0%+19.8pp$109M
Country
BM100.0%+19.8pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| LILA | $0M | +0.00B | 36.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top sells this quarter · 1
| UNIT Uniti Group Inc.exit | −$21M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $109M | 2 | +73.03% | +17.59% | +55.44% | -0.02B |
| 2025-12-31 | $108M | 3 | +47.31% | +17.72% | +29.60% | -0.03B |
| 2025-09-30 | $118M | 3 | -13.47% | +17.52% | -30.98% | -0.02B |
| 2025-06-30 | $104M | 3 | -36.52% | +14.94% | -51.47% | +0.01B |
| 2025-03-31 | $96M | 3 | -9.18% | +8.30% | -17.49% | -0.01B |
| 2024-12-31 | $103M | 3 | -13.00% | +24.89% | -37.88% | -0.11B |
| 2024-09-30 | $325M | 4 | +17.40% | +36.04% | -18.64% | +0.02B |
| 2024-06-30 | $305M | 4 | +9.83% | +24.49% | -14.66% | -0.10B |
| 2024-03-31 | $296M | 4 | -22.91% | +29.62% | -52.53% | +0.01B |
| 2023-12-31 | $302M | 4 | -9.80% | +26.18% | -35.98% | +0.06B |
| 2023-09-30 | $272M | 4 | +4.85% | +21.57% | -16.72% | -0.00B |
| 2023-06-30 | $294M | 4 | +6.24% | +19.42% | -13.19% | +0.06B |
| 2023-03-31 | $244M | 5 | -9.40% | -7.82% | -1.58% | -0.08B |
| 2022-12-31 | $290M | 5 | +4.13% | +7.56% | -3.43% | -0.02B |
| 2022-09-30 | $301M | 6 | -5.51% | -4.93% | -0.58% | -0.12B |
| 2022-06-30 | $450M | 7 | -17.47% | -16.11% | -1.36% | +0.07B |