Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.31%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.12%
baseline attrition
Rally response
-3.90%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GPIXGoldman Sachs S&P 500 Pr | $116M | 21.6% | — | 1.0 yr |
| IVViShares Core S&P 500 ETF | $107M | 19.9% | — | 7.5 yr |
| GPIQGoldman Sachs Nasdaq-100 | $78M | 14.5% | — | 1.0 yr |
| RSPInvesco S&P 500 Equal We | $38M | 7.1% | — | 2.5 yr |
| JPSTJPMorgan Ultra-Short Inc | $24M | 4.5% | — | 6.0 yr |
| NOGNorthern Oil and Gas, In | $17M | 3.1% | +1.9% | 3.8 yr |
| JEPIJPMorgan Equity Premium | $17M | 3.1% | — | 5.8 yr |
| OTFBlue Owl Technology Fina | $16M | 3.0% | — | 1.0 yr |
| RRCRange Resources Corporat | $16M | 3.0% | +14.2% | 4.3 yr |
| ETEnergy Transfer LP | $10M | 1.9% | +12.1% | 7.3 yr |
| KBDCKayne Anderson BDC, Inc. | $9M | 1.6% | -7.5% | 1.5 yr |
| QQQInvesco QQQ Trust, Serie | $6M | 1.2% | — | 5.8 yr |
| EZPWEZCORP, Inc. | $5M | 0.9% | +72.4% | 5.8 yr |
| IBITiShares Bitcoin Trust ET | $5M | 0.8% | — | 2.3 yr |
| ELYCallaway Golf Company | $4M | 0.8% | — | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management71.5%+24.5pp$384M
Asset Management - Income7.6%-25.7pp$41M
Oil & Gas Exploration & Production6.7%-2.4pp$36M
Oil & Gas Midstream3.7%-0.4pp$20M
Financial - Credit Services1.3%+0.5pp$7M
Internet Content & Information1.0%+0.6pp$5M
Semiconductors0.9%+0.7pp$5M
Leisure0.8%+0.3pp$4M
Software - Infrastructure0.7%+0.2pp$4M
Oil & Gas Integrated0.5%+0.2pp$3M
Country
US99.5%+0.0pp
TW0.2%
Unknown0.2%-0.4pp
IE0.1%
CH0.1%
GB0.0%
Top 5: 67.6% · Top 10: 81.7% · Top 25: 90.9%
Top buys this quarter · 15
| OTF Blue Owl Technology Finance Co | +$7M |
| TSM Taiwan Semiconductor Manufactu | +$1M |
| TSLA Tesla, Inc. | +$0M |
| EZPW EZCORP, Inc. | +$0M |
| XOM Exxon Mobil Corporation | +$0M |
| ET Energy Transfer LP | +$0M |
| GEV GE Vernova Inc. | +$0M |
| COF Capital One Financial Corporat | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$1M |
| PEP PepsiCo, Inc. | +$0M |
Top sells this quarter · 15
| FANG Diamondback Energy, Inc.exit | −$2M |
| SPHR Sphere Entertainment Co. | −$1M |
| INTC Intel Corporation | −$1M |
| KBDC Kayne Anderson BDC, Inc. | −$1M |
| FCX Freeport-McMoRan Inc.exit | −$0M |
| AAPL Apple Inc. | −$0M |
| MAA Mid-America Apartment Communitexit | −$0M |
| GOOG Alphabet Inc. | −$0M |
| UBER Uber Technologies, Inc.exit | −$0M |
| MPLX MPLX Lp | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $536M | 113 | +13.90% | +17.59% | -3.69% | -0.03B |
| 2025-12-31 | $527M | 122 | +2.25% | +17.72% | -15.47% | -0.07B |
| 2025-09-30 | $595M | 360 | +11.96% | +17.52% | -5.56% | +0.11B |
| 2025-06-30 | $462M | 86 | +8.30% | +14.94% | -6.64% | +0.02B |
| 2025-03-31 | $443M | 86 | +7.20% | +8.30% | -1.11% | -0.03B |
| 2024-12-31 | $490M | 94 | +24.05% | +24.89% | -0.83% | -0.04B |
| 2024-09-30 | $478M | 75 | +12.44% | +36.04% | -23.59% | +0.03B |
| 2024-06-30 | $442M | 82 | +19.66% | +24.49% | -4.83% | -0.01B |
| 2024-03-31 | $459M | 78 | +28.34% | +29.62% | -1.28% | +0.02B |
| 2023-12-31 | $395M | 74 | +17.44% | +26.18% | -8.74% | +0.00B |
| 2023-09-30 | $393M | 79 | +30.61% | +21.57% | +9.04% | -0.03B |
| 2023-06-30 | $393M | 74 | +22.06% | +19.42% | +2.63% | +0.05B |
| 2023-03-31 | $325M | 67 | -5.69% | -7.82% | +2.13% | +0.00B |
| 2022-12-31 | $313M | 57 | +10.92% | +7.56% | +3.36% | -0.02B |
| 2022-09-30 | $296M | 60 | +0.81% | -4.93% | +5.73% | -0.01B |
| 2022-06-30 | $299M | 57 | -17.86% | -16.11% | -1.75% | +0.03B |