Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.84%
trims when stocks drop
when a holding falls −10%+
Middle response
-14.17%
baseline attrition
Rally response
-2.80%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FOXFox Corporation | $18M | 21.4% | +1.8% | 5.8 yr |
| BSOLBitwise Solana Staking E | $8M | 10.1% | — | 0.3 yr |
| COINCoinbase Global, Inc. | $7M | 8.7% | +1.4% | 2.5 yr |
| PSLVSprott Physical Silver T | $6M | 7.3% | — | 0.3 yr |
| BRRProCap Financial, Inc. | $4M | 5.1% | — | 0.5 yr |
| NWSANews Corporation | $3M | 4.2% | -7.7% | 3.5 yr |
| ETHGrayscale Ethereum Mini | $3M | 3.3% | — | 0.5 yr |
| QQQInvesco QQQ Trust, Serie | $3M | 3.3% | — | 0.5 yr |
| FRMMForum Markets, Incorpora | $2M | 2.9% | — | 0.3 yr |
| IWMiShares Russell 2000 ETF | $2M | 2.8% | — | 3.0 yr |
| SPYVState Street SPDR Portfo | $2M | 2.8% | — | 4.5 yr |
| AIFCAI Financial Corporation | $2M | 2.6% | — | 0.3 yr |
| NAKANakamoto Inc. | $2M | 2.2% | -86.3% | 0.5 yr |
| LNGCheniere Energy, Inc. | $1M | 1.6% | +23.8% | 3.0 yr |
| VRTVertiv Holdings Co | $1M | 1.5% | +247.5% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management29.7%+19.9pp$25M
Entertainment25.9%-6.9pp$22M
Financial - Data & Stock Exchanges8.7%+7.7pp$7M
Asset Management - Cryptocurrency8.5%$7M
Software - Application3.5%+0.2pp$3M
Environmental Services2.6%$2M
Medical - Equipment & Services2.2%$2M
Biotechnology1.8%-0.1pp$1M
Oil & Gas Midstream1.6%-0.3pp$1M
Electrical Equipment & Parts1.5%+0.2pp$1M
Country
US88.4%-4.6pp
CA7.6%+7.4pp
GB1.1%-1.5pp
IE1.0%-1.5pp
KR0.8%
Unknown0.8%-0.2pp
FR0.4%
Top 5: 52.7% · Top 10: 69.3% · Top 25: 90.0%
Top buys this quarter · 15
| COIN Coinbase Global, Inc. | +$3M |
| FRMM Forum Markets, Incorporatednew | +$2M |
| AIFC AI Financial Corporationnew | +$2M |
| MSFT Microsoft Corporationnew | +$1M |
| UWMC UWM Holdings Corporationnew | +$0M |
| ABVX Abivax S.A.new | +$0M |
| PZZA Papa John's International, Inc | +$0M |
| BRR ProCap Financial, Inc. | +$4M |
| RVMD Revolution Medicines, Inc.new | +$0M |
| MOS The Mosaic Companynew | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $84M | 64 | -57.60% | +17.59% | -75.19% | +0.01B |
| 2025-12-31 | $100M | 80 | -40.69% | +17.72% | -58.41% | -0.03B |
| 2025-09-30 | $265M | 79 | +39.06% | +17.52% | +21.54% | +0.06B |
| 2025-06-30 | $185M | 80 | +38.00% | +14.94% | +23.06% | +0.10B |
| 2025-03-31 | $79M | 70 | +25.80% | +8.30% | +17.50% | -0.14B |
| 2024-12-31 | $223M | 76 | +42.77% | +24.89% | +17.88% | +0.14B |
| 2024-09-30 | $71M | 62 | +33.38% | +36.04% | -2.66% | -0.15B |
| 2024-06-30 | $202M | 93 | +16.49% | +24.49% | -8.00% | +0.03B |
| 2024-03-31 | $170M | 101 | +15.99% | +29.62% | -13.64% | +0.02B |
| 2023-12-31 | $133M | 86 | +11.01% | +26.18% | -15.16% | -0.09B |
| 2023-09-30 | $212M | 85 | +8.65% | +21.57% | -12.92% | +0.05B |
| 2023-06-30 | $167M | 78 | +0.87% | +19.42% | -18.56% | +0.08B |
| 2023-03-31 | $87M | 60 | -15.37% | -7.82% | -7.55% | -0.07B |
| 2022-12-31 | $147M | 75 | -2.31% | -18.17% | +15.86% | -0.03B |
| 2022-09-30 | $166M | 88 | -10.99% | -4.93% | -6.06% | +0.07B |
| 2022-06-30 | $103M | 81 | -13.98% | -16.11% | +2.14% | +0.02B |