Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.18%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.75%
baseline attrition
Rally response
-0.03%
trims into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| STLAStellantis N.V. | $1.34B | 81.3% | -31.0% | 5.3 yr |
| CSTMConstellium SE | $310M | 18.7% | +143.6% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Auto - Manufacturers81.3%-13.0pp$1.34B
Aluminum18.7%+13.1pp$310M
Country
NL81.3%-13.0pp
FR18.7%+13.1pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| STLA | $2.14B | -0.61B | -31.0% |
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.65B | 2 | -20.50% | +17.59% | -38.10% | -0.04B |
| 2025-12-31 | $2.37B | 2 | -4.03% | +17.72% | -21.75% | +0.05B |
| 2025-09-30 | $1.97B | 2 | -26.04% | +17.52% | -43.55% | -0.01B |
| 2025-06-30 | $2.09B | 3 | -43.63% | +14.94% | -58.57% | -0.17B |
| 2025-03-31 | $2.27B | 3 | -57.00% | +8.30% | -65.31% | -0.04B |
| 2024-12-31 | $2.67B | 3 | -40.08% | +24.89% | -64.96% | +0.05B |
| 2024-09-30 | $2.88B | 4 | -20.38% | +36.04% | -56.42% | -0.07B |
| 2024-06-30 | $4.09B | 5 | +19.51% | +24.49% | -4.98% | -0.39B |
| 2024-03-31 | $5.90B | 5 | +66.38% | +29.62% | +36.75% | -0.00B |
| 2023-12-31 | $4.88B | 5 | +76.34% | +26.18% | +50.17% | -0.03B |
| 2023-09-30 | $4.09B | 6 | +73.76% | +21.57% | +52.20% | +0.06B |
| 2023-06-30 | $3.72B | 7 | +51.76% | +19.42% | +32.34% | -0.39B |
| 2023-03-31 | $3.89B | 8 | +16.51% | -7.82% | +24.33% | +0.00B |
| 2022-12-31 | $3.04B | 7 | +18.60% | +7.56% | +11.04% | -0.03B |
| 2022-09-30 | $2.58B | 6 | -5.46% | -4.93% | -0.53% | +0.05B |
| 2022-06-30 | $2.68B | 9 | -18.78% | -16.11% | -2.67% | -0.23B |