Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.46%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.25%
steady accumulation
Rally response
-2.33%
trims into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CEGConstellation Energy Cor | $6.16B | 97.1% | +39.2% | 0.3 yr |
| PCGPG&E Corporation | $125M | 2.0% | +2.9% | 5.3 yr |
| SHENShenandoah Telecommunica | $53M | 0.8% | +23.9% | 4.3 yr |
| CLNEClean Energy Fuels Corp. | $6M | 0.1% | +60.0% | 3.8 yr |
Portfolio composition (YoY)
Industry mix
Renewable Utilities97.1%$6.16B
Regulated Electric2.0%-59.2pp$125M
Telecommunications Services0.8%-14.6pp$53M
Oil & Gas Refining & Marketing0.1%-1.9pp$6M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 1
| CEG Constellation Energy Corporatinew | +$6.16B |
Top sells this quarter · 1
| XIFR XPLR Infrastructure, LPexit | −$48M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.34B | 4 | -22.26% | +17.59% | -39.85% | +6.17B |
| 2025-12-31 | $205M | 4 | -14.65% | +17.72% | -32.37% | +0.00B |
| 2025-09-30 | $205M | 4 | -4.74% | +17.52% | -22.26% | +0.01B |
| 2025-06-30 | $178M | 4 | -16.91% | +14.94% | -31.86% | +0.00B |
| 2025-03-31 | $200M | 4 | -15.56% | +8.30% | -23.86% | -0.03B |
| 2024-12-31 | $260M | 4 | -13.35% | +24.89% | -38.24% | -0.11B |
| 2024-09-30 | $329M | 6 | -18.41% | +36.04% | -54.44% | +0.02B |
| 2024-06-30 | $324M | 7 | -20.17% | +24.49% | -44.66% | +0.00B |
| 2024-03-31 | $363M | 7 | -7.43% | +29.62% | -37.05% | -0.06B |
| 2023-12-31 | $461M | 8 | +6.34% | +26.18% | -19.84% | +0.00B |
| 2023-09-30 | $436M | 9 | +15.31% | +21.57% | -6.26% | -0.03B |
| 2023-06-30 | $496M | 9 | +29.83% | +19.42% | +10.41% | -0.02B |
| 2023-03-31 | $499M | 8 | -5.26% | -7.82% | +2.55% | -0.02B |
| 2022-12-31 | $495M | 7 | +13.72% | +7.56% | +6.16% | -0.07B |
| 2022-09-30 | $497M | 9 | +5.89% | -4.93% | +10.82% | +0.02B |
| 2022-06-30 | $454M | 8 | -24.80% | -16.11% | -8.69% | +0.01B |