Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.98%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.58%
baseline attrition
Rally response
-5.59%
trims into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ONITOnity Group Inc. | $10M | 44.9% | +21.5% | 5.8 yr |
| ASPSAltisource Portfolio Sol | $9M | 42.6% | — | 1.0 yr |
| — | $2M | 7.8% | — | 1.0 yr |
| — | $1M | 4.1% | — | 1.0 yr |
| NFGCNew Found Gold Corp. | $0M | 0.5% | +61.7% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Financial - Mortgages44.9%-5.7pp$10M
Real Estate - Services42.6%$9M
Unknown11.9%-37.4pp$3M
Gold0.5%$0M
Country
US44.9%-5.7pp
LU42.6%
Unknown11.9%-37.4pp
CA0.5%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ONIT | $8M | +0.00B | 21.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 1
| ARX Accelerant Holdingsexit | −$28M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $22M | 5 | +24.92% | +17.59% | +7.33% | -0.03B |
| 2025-12-31 | $58M | 6 | +46.28% | +17.72% | +28.57% | -0.00B |
| 2025-09-30 | $63M | 5 | +46.72% | +17.52% | +29.21% | +0.03B |
| 2025-06-30 | $27M | 4 | +59.17% | +14.94% | +44.23% | +0.01B |
| 2025-03-31 | $16M | 2 | +5.24% | -4.27% | +9.51% | +0.00B |
| 2024-12-31 | $12M | 2 | -3.85% | +2.49% | -6.34% | -0.00B |
| 2024-09-30 | $17M | 2 | +33.19% | +5.75% | +27.44% | -0.01B |
| 2024-06-30 | $18M | 2 | — | — | — | -0.01B |
| 2024-03-31 | $24M | 2 | — | — | — | -0.01B |
| 2023-12-31 | $33M | 2 | — | — | — | +0.00B |
| 2023-09-30 | $32M | 2 | — | — | — | -0.01B |
| 2023-06-30 | $44M | 2 | — | — | — | +0.01B |
| 2023-03-31 | $38M | 3 | -11.54% | -7.82% | -3.72% | -0.45B |
| 2022-12-31 | $472M | 16 | +19.65% | +7.56% | +12.09% | -0.08B |
| 2022-09-30 | $462M | 18 | -0.50% | -4.93% | +4.43% | -0.20B |
| 2022-06-30 | $661M | 21 | -28.59% | -16.11% | -12.48% | +0.16B |