Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.21%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.35%
baseline attrition
Rally response
-18.91%
trims into rallies
when a holding rises +10%+
Top positions · 16
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GDXVanEck Gold Miners ETF | $6M | 42.5% | — | 1.0 yr |
| HYGiShares iBoxx $ High Yie | $4M | 26.3% | — | 0.3 yr |
| KWEBKraneShares CSI China In | $1M | 6.6% | — | 1.0 yr |
| ECHiShares MSCI Chile ETF | $1M | 5.3% | — | 0.3 yr |
| NUNu Holdings Ltd. | $1M | 4.3% | +40.3% | 0.5 yr |
| EWZiShares MSCI Brazil ETF | $0M | 2.8% | — | 0.5 yr |
| BHCBausch Health Companies | $0M | 2.5% | -16.5% | 1.0 yr |
| CHYMChime Financial, Inc. Cl | $0M | 1.9% | — | 0.8 yr |
| CMPSCOMPASS Pathways plc | $0M | 1.6% | +93.4% | 1.5 yr |
| — | $0M | 1.4% | — | 0.3 yr |
| CNDTConduent Incorporated | $0M | 1.3% | -52.6% | 0.3 yr |
| CYBNCybin Inc. | $0M | 1.2% | — | 1.8 yr |
| TMQTrilogy Metals Inc. | $0M | 0.8% | +131.6% | 3.0 yr |
| EAFGrafTech International L | $0M | 0.5% | — | 0.8 yr |
| EVOEvotec SE | $0M | 0.5% | -25.1% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management57.2%+0.5pp$9M
Asset Management - Bonds26.3%$4M
Banks - Diversified4.3%$1M
Drug Manufacturers - Specialty & Generic3.0%+2.9pp$0M
Banks - Regional1.9%$0M
Medical - Care Facilities1.6%-1.4pp$0M
Unknown1.4%-0.2pp$0M
Information Technology Services1.3%$0M
Biotechnology1.2%-0.9pp$0M
Industrial Materials0.8%+0.6pp$0M
Country
US87.7%+18.7pp
CA4.5%-15.5pp
BR4.3%+3.5pp
GB1.6%+1.4pp
Unknown1.4%-0.2pp
DE0.5%+0.4pp
Top 5: 85.0% · Top 10: 95.2% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| EVO | $0M | -0.00B | -25.1% |
Top buys this quarter · 7
| CNDT Conduent Incorporatednew | +$0M |
| NU Nu Holdings Ltd. | +$0M |
| CMPS COMPASS Pathways plc | +$0M |
| — new | +$0M |
| ECH iShares MSCI Chile ETFnew | +$0M |
| HYG iShares iBoxx $ High Yield Cornew | +$0M |
| GDX VanEck Gold Miners ETF | +$0M |
Top sells this quarter · 15
| AR Antero Resources Corporationexit | −$3M |
| ELS Equity LifeStyle Properties, Iexit | −$2M |
| CVE Cenovus Energy Inc.exit | −$2M |
| PBR Petróleo Brasileiro S.A. - Peexit | −$2M |
| OXY Occidental Petroleum Corporatiexit | −$1M |
| CNQ Canadian Natural Resources Limexit | −$1M |
| CRM Salesforce, Inc.exit | −$1M |
| TMQ Trilogy Metals Inc. | −$1M |
| HUM Humana Inc.exit | −$1M |
| BKR Baker Hughes Companyexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $15M | 16 | +18.33% | +17.59% | +0.74% | -0.03B |
| 2025-12-31 | $42M | 29 | +13.50% | +17.72% | -4.21% | +0.00B |
| 2025-09-30 | $40M | 29 | +1.77% | +17.52% | -15.75% | +0.01B |
| 2025-06-30 | $27M | 22 | +7.25% | +14.94% | -7.69% | -0.01B |
| 2025-03-31 | $38M | 35 | -4.39% | +8.30% | -12.69% | +0.01B |
| 2024-12-31 | $29M | 22 | -9.76% | +24.89% | -34.65% | +0.01B |
| 2024-09-30 | $23M | 22 | +3.21% | +36.04% | -32.82% | -0.01B |
| 2024-06-30 | $28M | 30 | -2.52% | +24.49% | -27.01% | +0.01B |
| 2024-03-31 | $16M | 22 | +5.53% | +29.62% | -24.09% | +0.00B |
| 2023-12-31 | $14M | 15 | +9.56% | +26.18% | -16.62% | +0.01B |
| 2023-09-30 | $8M | 7 | +0.03% | +21.57% | -21.53% | +0.01B |
| 2023-06-30 | $1M | 4 | -5.58% | +19.42% | -25.00% | +0.00B |
| 2023-03-31 | $1M | 5 | -28.47% | -7.82% | -20.66% | -0.00B |
| 2022-12-31 | $3M | 12 | -5.21% | +7.56% | -12.77% | +0.00B |
| 2022-09-30 | $3M | 5 | -4.59% | -4.93% | +0.34% | +0.00B |
| 2022-06-30 | $3M | 5 | -22.24% | -16.11% | -6.13% | -0.00B |