Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.76%
adds when stocks drop
when a holding falls −10%+
Middle response
+6.00%
steady accumulation
Rally response
-17.60%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PSLVSprott Physical Silver T | $24M | 10.3% | — | 0.3 yr |
| — | $16M | 6.5% | — | 1.5 yr |
| 0H7R.LAbeona Therapeutics Inc. | $13M | 5.7% | — | 0.8 yr |
| — | $10M | 4.4% | — | 1.8 yr |
| ORKAOruka Therapeutics, Inc. | $10M | 4.1% | +378.1% | 1.8 yr |
| CLMCornerstone Strategic Va | $10M | 4.1% | — | 2.5 yr |
| CEFSprott Physical Gold and | $10M | 4.0% | — | 0.3 yr |
| BELFABel Fuse Inc. | $8M | 3.5% | — | 0.5 yr |
| — | $8M | 3.2% | — | 1.5 yr |
| PANLPangaea Logistics Soluti | $6M | 2.6% | +53.9% | 2.5 yr |
| NXGNXG NextGen Infrastructu | $6M | 2.4% | — | 0.3 yr |
| BUIBlackRock Utilities, Inf | $6M | 2.4% | — | 0.3 yr |
| — | $5M | 2.2% | — | 1.3 yr |
| AMWLAmerican Well Corporatio | $5M | 2.2% | -33.2% | 0.5 yr |
| CRFCornerstone Total Return | $5M | 2.0% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Unknown35.9%-15.2pp$85M
Asset Management26.7%+15.7pp$64M
Biotechnology12.2%+3.6pp$29M
Shell Companies7.2%+2.9pp$17M
Hardware, Equipment & Parts5.0%$12M
Marine Shipping2.6%-2.7pp$6M
Asset Management - Income2.4%-0.7pp$6M
Medical - Healthcare Information Services2.2%$5M
Financial - Conglomerates1.4%$3M
Staffing & Employment Services0.7%-0.9pp$2M
Country
US46.7%-2.1pp
Unknown35.9%-15.2pp
CA14.8%
KY0.8%
HK0.7%
CN0.3%+0.2pp
SG0.3%
FR0.3%
Top 5: 30.9% · Top 10: 48.4% · Top 25: 73.2%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| MPTI M-tron Industries, Inc.new | +$3M |
| AMWL American Well Corporation | +$2M |
| AMPG AmpliTech Group, Inc. | +$1M |
| MAIA MAIA Biotechnology, Inc.new | +$1M |
| IMA ImageneBio Inc | +$4M |
| STRR Star Equity Holdings, Inc. | +$0M |
| FGNX FG Nexus Inc.new | +$0M |
| VENU Venu Holding Corporationnew | +$0M |
| JAGU Jaguar Uranium Corp. Class Anew | +$0M |
| FWDI Forward Industries, Inc.new | +$0M |
Top sells this quarter · 15
| MSFT Microsoft Corporationexit | −$539M |
| NVDA NVIDIA Corporationexit | −$387M |
| AMZN Amazon.com, Inc.exit | −$123M |
| META Meta Platforms, Inc.exit | −$72M |
| PDD PDD Holdings Inc.exit | −$22M |
| BA The Boeing Companyexit | −$16M |
| INTC Intel Corporationexit | −$13M |
| ORKA Oruka Therapeutics, Inc. | −$10M |
| UBER Uber Technologies, Inc.exit | −$6M |
| LEE Lee Enterprises, Incorporatedexit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $238M | 126 | -60.53% | +17.59% | -78.12% | -1.21B |
| 2025-12-31 | $1.55B | 105 | -60.45% | +17.72% | -78.17% | +1.38B |
| 2025-09-30 | $137M | 76 | -64.88% | +17.52% | -82.39% | +0.10B |
| 2025-06-30 | $111M | 63 | -43.06% | +14.94% | -58.00% | +0.02B |
| 2025-03-31 | $87M | 56 | -60.31% | +8.30% | -68.62% | -1.13B |
| 2024-12-31 | $1.31B | 72 | -65.14% | +24.89% | -90.02% | +1.21B |
| 2024-09-30 | $87M | 60 | -48.77% | +5.75% | -54.53% | +0.04B |
| 2024-06-30 | $91M | 57 | -26.29% | +4.38% | -30.67% | +0.04B |
| 2024-03-31 | $71M | 54 | -18.12% | +10.39% | -28.51% | -0.01B |
| 2023-12-31 | $94M | 45 | — | — | — | — |