Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+10.25%
adds when stocks drop
when a holding falls −10%+
Middle response
-18.10%
baseline attrition
Rally response
-15.72%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PCGPG&E Corporation | $139M | 8.6% | +2.9% | 5.5 yr |
| BKHBlack Hills Corporation | $122M | 7.5% | +19.3% | 0.8 yr |
| URIUnited Rentals, Inc. | $79M | 4.9% | +17.3% | 1.0 yr |
| ETNEaton Corporation plc | $73M | 4.5% | +33.2% | 1.0 yr |
| WHRWhirlpool Corporation | $71M | 4.4% | -36.7% | 0.5 yr |
| CORZCore Scientific, Inc. | $52M | 3.2% | +106.6% | 0.8 yr |
| GPIGroup 1 Automotive, Inc. | $40M | 2.5% | -13.0% | 2.5 yr |
| DANDana Incorporated | $40M | 2.5% | +157.7% | 1.3 yr |
| WMBThe Williams Companies, | $40M | 2.5% | +25.8% | 1.5 yr |
| ARAntero Resources Corpora | $39M | 2.4% | +4.9% | 0.5 yr |
| DTEDTE Energy Company | $38M | 2.4% | +9.3% | 1.0 yr |
| — | $34M | 2.1% | — | 2.5 yr |
| XELXcel Energy Inc. | $32M | 2.0% | +15.8% | 1.3 yr |
| GMGeneral Motors Company | $26M | 1.6% | +60.0% | 2.3 yr |
| FANGDiamondback Energy, Inc. | $25M | 1.6% | +27.1% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Regulated Electric16.1%+3.1pp$261M
Diversified Utilities7.6%$123M
Industrial - Machinery7.6%+2.6pp$123M
Oil & Gas Midstream7.6%-7.1pp$122M
Oil & Gas Exploration & Production7.5%-0.3pp$122M
Unknown6.5%-1.7pp$104M
Rental & Leasing Services5.0%+1.8pp$81M
Auto - Dealerships4.9%+0.1pp$79M
Furnishings, Fixtures & Appliances4.4%$71M
Auto - Parts4.3%-3.5pp$69M
Country
US82.4%+6.2pp
Unknown6.5%-1.7pp
IE4.7%
CA2.3%-5.8pp
GB1.6%-4.2pp
IT1.1%
NL0.8%
BR0.5%
Top 5: 29.9% · Top 10: 43.0% · Top 25: 66.3%
Top buys this quarter · 15
| WHR Whirlpool Corporation | +$68M |
| URI United Rentals, Inc. | +$57M |
| ETN Eaton Corporation plc | +$42M |
| DTE DTE Energy Company | +$33M |
| FANG Diamondback Energy, Inc.new | +$25M |
| GPI Group 1 Automotive, Inc. | +$23M |
| AR Antero Resources Corporation | +$21M |
| VNOM Viper Energy, Inc.new | +$19M |
| GNRC Generac Holdings Inc. | +$19M |
| RACE Ferrari N.V.new | +$18M |
Top sells this quarter · 15
| ES Eversource Energyexit | −$79M |
| NRG NRG Energy, Inc. | −$49M |
| GNTX Gentex Corporationexit | −$38M |
| WULF TeraWulf Inc.exit | −$35M |
| PCG PG&E Corporation | −$35M |
| COP ConocoPhillips | −$29M |
| CORZ Core Scientific, Inc. | −$28M |
| BP BP p.l.c. | −$26M |
| CRC California Resources Corporati | −$25M |
| BKH Black Hills Corporation | −$21M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.62B | 121 | +48.20% | +17.59% | +30.60% | +0.18B |
| 2025-12-31 | $1.28B | 73 | +31.53% | +17.72% | +13.81% | +0.38B |
| 2025-09-30 | $858M | 54 | +27.41% | +17.52% | +9.90% | -0.02B |
| 2025-06-30 | $791M | 56 | +27.30% | +14.94% | +12.36% | +0.30B |
| 2025-03-31 | $436M | 49 | +20.97% | +8.30% | +12.66% | -0.25B |
| 2024-12-31 | $684M | 61 | +20.55% | +24.89% | -4.34% | -0.00B |
| 2024-09-30 | $670M | 48 | +24.18% | +36.04% | -11.86% | -0.15B |
| 2024-06-30 | $735M | 59 | +6.87% | +24.49% | -17.62% | -0.13B |
| 2024-03-31 | $807M | 50 | +4.79% | +29.62% | -24.83% | +0.20B |
| 2023-12-31 | $615M | 54 | +4.60% | +26.18% | -21.58% | +0.02B |
| 2023-09-30 | $565M | 51 | +3.37% | +21.57% | -18.20% | +0.12B |
| 2023-06-30 | $462M | 39 | +4.99% | +19.42% | -14.43% | +0.09B |
| 2023-03-31 | $353M | 33 | -7.53% | -7.82% | +0.29% | -0.07B |
| 2022-12-31 | $423M | 50 | +3.94% | +7.56% | -3.62% | -0.03B |
| 2022-09-30 | $431M | 54 | -2.69% | -4.93% | +2.23% | -0.05B |
| 2022-06-30 | $494M | 58 | -7.80% | -16.11% | +8.31% | +0.18B |