Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.13%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.61%
baseline attrition
Rally response
-9.08%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PPLTabrdn Physical Platinum | $29M | 13.2% | — | 2.3 yr |
| CORNTeucrium Corn Fund | $15M | 6.8% | — | 0.3 yr |
| TSATTelesat Corporation | $13M | 6.1% | +92.2% | 1.0 yr |
| EQXEquinox Gold Corp. | $12M | 5.4% | +110.2% | 0.5 yr |
| SANGSangoma Technologies Cor | $11M | 5.1% | -2.9% | 4.3 yr |
| MDAMDA Space Ltd | $11M | 5.1% | — | 0.3 yr |
| PARPAR Technology Corporati | $11M | 5.0% | -78.3% | 6.8 yr |
| ESPREsperion Therapeutics, I | $11M | 4.9% | +90.3% | 1.3 yr |
| WIWWestern Asset Inflation- | $9M | 4.0% | — | 6.3 yr |
| AGROAdecoagro S.A. | $4M | 1.7% | +40.0% | 0.8 yr |
| — | $4M | 1.7% | — | 0.3 yr |
| — | $3M | 1.6% | — | 0.3 yr |
| NXENexGen Energy Ltd. | $3M | 1.4% | +158.4% | 4.0 yr |
| CLVTClarivate Plc | $3M | 1.3% | -35.6% | 2.3 yr |
| KKRKKR & Co. Inc. | $3M | 1.3% | -19.5% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management25.8%+14.5pp$56M
Software - Application7.0%-7.5pp$15M
Unknown6.9%+2.8pp$15M
Software - Infrastructure6.5%+6.2pp$14M
Biotechnology6.2%-7.4pp$13M
Gold6.2%$13M
Communication Equipment6.1%$13M
Hardware, Equipment & Parts5.9%+5.7pp$13M
Asset Management - Income4.4%$9M
Agricultural Farm Products1.7%$4M
Country
US60.2%-32.6pp
CA26.2%+25.5pp
Unknown6.9%+2.8pp
GB2.0%+1.5pp
LU1.7%
GG1.0%
KY0.8%+0.4pp
BM0.5%
Top 5: 36.6% · Top 10: 57.3% · Top 25: 74.3%
Top buys this quarter · 15
| MDA MDA Space Ltdnew | +$11M |
| PAR PAR Technology Corporation | +$11M |
| GNRC Generac Holdings Inc.new | +$2M |
| CART Instacart (Maplebear Inc.) | +$2M |
| DECK Deckers Outdoor Corporation | +$2M |
| SHOP Shopify Inc.new | +$2M |
| CLVT Clarivate Plc | +$1M |
| BAH Booz Allen Hamilton Holding Co | +$1M |
| WPM Wheaton Precious Metals Corp.new | +$1M |
| KKR KKR & Co. Inc. | +$1M |
Top sells this quarter · 15
| EQX Equinox Gold Corp. | −$44M |
| MSFT Microsoft Corporation | −$3M |
| ERO Ero Copper Corp. | −$3M |
| WBS Webster Financial Corporation | −$2M |
| HXL Hexcel Corporation | −$2M |
| TSAT Telesat Corporation | −$1M |
| ESPR Esperion Therapeutics, Inc. | −$1M |
| IFF International Flavors & Fragra | −$1M |
| CCJ Cameco Corporationexit | −$1M |
| NVDA NVIDIA Corporationexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $217M | 233 | +19.89% | +17.59% | +2.30% | -0.04B |
| 2025-12-31 | $260M | 199 | +3.96% | +17.72% | -13.75% | -0.02B |
| 2025-09-30 | $259M | 184 | +2.71% | +17.52% | -14.81% | +0.06B |
| 2025-06-30 | $179M | 138 | +0.26% | +14.94% | -14.68% | +0.09B |
| 2025-03-31 | $91M | 58 | -2.66% | +8.30% | -10.96% | -0.10B |
| 2024-12-31 | $223M | 114 | +22.25% | +24.89% | -2.64% | +0.01B |
| 2024-09-30 | $193M | 122 | +22.70% | +36.04% | -13.34% | +0.01B |
| 2024-06-30 | $170M | 114 | +10.56% | +24.49% | -13.93% | -0.00B |
| 2024-03-31 | $184M | 102 | +16.42% | +29.62% | -13.21% | -0.02B |
| 2023-12-31 | $190M | 98 | +17.47% | +26.18% | -8.71% | -0.04B |
| 2023-09-30 | $214M | 101 | +6.55% | +21.57% | -15.02% | +0.02B |
| 2023-06-30 | $192M | 98 | -12.81% | +19.42% | -32.24% | -0.01B |
| 2023-03-31 | $203M | 112 | -32.18% | -7.82% | -24.37% | -0.00B |
| 2022-12-31 | $186M | 118 | -1.11% | +7.56% | -8.67% | -0.00B |
| 2022-09-30 | $191M | 157 | -18.58% | -4.93% | -13.65% | +0.03B |
| 2022-06-30 | $200M | 161 | -22.72% | -16.11% | -6.61% | +0.00B |