Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.61%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.58%
baseline attrition
Rally response
-10.69%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGLAlphabet Inc. | $12M | 13.5% | — | 8.3 yr |
| UBERUber Technologies, Inc. | $11M | 11.8% | -1.3% | 5.0 yr |
| AMZNAmazon.com, Inc. | $7M | 8.1% | +9.5% | 3.5 yr |
| LINELineage, Inc. | $6M | 6.5% | -41.8% | 1.5 yr |
| CZRCaesars Entertainment, I | $5M | 5.3% | +5.7% | 5.8 yr |
| VNOMViper Energy, Inc. | $3M | 3.2% | — | 0.8 yr |
| AAPLApple Inc. | $3M | 2.8% | +14.7% | 8.3 yr |
| FANGDiamondback Energy, Inc. | $2M | 2.8% | +27.1% | 4.3 yr |
| COPConocoPhillips | $2M | 2.5% | +30.0% | 4.8 yr |
| PCGPG&E Corporation | $2M | 2.5% | +2.9% | 1.3 yr |
| EQTEQT Corporation | $2M | 2.1% | +20.5% | 2.8 yr |
| XELXcel Energy Inc. | $2M | 2.1% | +15.8% | 1.8 yr |
| FSLRFirst Solar, Inc. | $2M | 2.0% | +56.0% | 2.8 yr |
| ETEnergy Transfer LP | $2M | 1.9% | +12.1% | 6.3 yr |
| ARRYArray Technologies, Inc. | $2M | 1.9% | +48.5% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information13.5%+5.3pp$12M
Software - Application11.8%+3.4pp$11M
Oil & Gas Exploration & Production11.2%+4.9pp$10M
Specialty Retail8.1%-10.9pp$7M
Regulated Electric7.9%+4.6pp$7M
Oil & Gas Midstream6.7%+3.6pp$6M
REIT - Industrial6.5%-2.5pp$6M
Gambling, Resorts & Casinos5.3%-7.8pp$5M
Solar4.2%+2.3pp$4M
Oil & Gas Refining & Marketing3.9%+3.6pp$4M
Country
US96.9%+5.0pp
GB1.3%-1.5pp
CA1.3%-1.4pp
BM0.3%
Unknown0.2%-2.4pp
Top 5: 45.2% · Top 10: 58.9% · Top 25: 84.8%
Top buys this quarter · 15
| COP ConocoPhillips | +$2M |
| ARRY Array Technologies, Inc. | +$2M |
| VST Vistra Corp.new | +$1M |
| HAL Halliburton Company | +$1M |
| EXE Expand Energy Corporationnew | +$1M |
| UBER Uber Technologies, Inc. | +$11M |
| UUUU Energy Fuels Inc.new | +$1M |
| SRE Sempra | +$1M |
| PSX Phillips 66 | +$1M |
| AEP American Electric Power Compan | +$1M |
Top sells this quarter · 15
| CZR Caesars Entertainment, Inc. | −$11M |
| DKNG DraftKings Inc.exit | −$7M |
| GOOS Canada Goose Holdings Inc.exit | −$4M |
| TRGP Targa Resources Corp. | −$3M |
| LINE Lineage, Inc. | −$3M |
| SU Suncor Energy Inc.exit | −$2M |
| AMZN Amazon.com, Inc. | −$2M |
| FTI TechnipFMC plcexit | −$2M |
| CNQ Canadian Natural Resources Limexit | −$2M |
| SHEL Shell plc | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $90M | 48 | +1.79% | +17.59% | -15.80% | -0.04B |
| 2025-12-31 | $122M | 41 | -16.70% | +17.72% | -34.41% | +0.01B |
| 2025-09-30 | $124M | 40 | -16.01% | +17.52% | -33.53% | +0.01B |
| 2025-06-30 | $125M | 43 | -8.19% | +14.94% | -23.13% | -0.00B |
| 2025-03-31 | $117M | 46 | -23.49% | +8.30% | -31.79% | +0.00B |
| 2024-12-31 | $131M | 48 | -9.47% | +24.89% | -34.35% | +0.00B |
| 2024-09-30 | $137M | 46 | +1.12% | +36.04% | -34.91% | -0.02B |
| 2024-06-30 | $157M | 51 | -11.90% | +24.49% | -36.39% | +0.01B |
| 2024-03-31 | $159M | 51 | +13.58% | +29.62% | -16.05% | +0.02B |
| 2023-12-31 | $132M | 48 | +26.01% | +26.18% | -0.17% | -0.01B |
| 2023-09-30 | $132M | 45 | +28.50% | +21.57% | +6.93% | +0.02B |
| 2023-06-30 | $124M | 35 | +52.83% | +19.42% | +33.40% | +0.00B |
| 2023-03-31 | $103M | 33 | -24.91% | -7.82% | -17.09% | -0.02B |
| 2022-12-31 | $104M | 27 | +6.78% | +7.56% | -0.78% | -0.01B |
| 2022-09-30 | $107M | 29 | +6.94% | -4.93% | +11.87% | -0.01B |
| 2022-06-30 | $108M | 29 | -42.58% | -16.11% | -26.47% | -0.03B |