Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.70%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.59%
steady accumulation
Rally response
-4.92%
trims into rallies
when a holding rises +10%+
Top positions · 17
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HGTYHagerty, Inc. | $25M | 17.2% | +16.5% | 3.3 yr |
| CLBTCellebrite DI Ltd. | $21M | 14.6% | -29.1% | 3.8 yr |
| KWYKingsway Corporation | $19M | 13.3% | — | 2.5 yr |
| ASTSAST SpaceMobile, Inc. | $19M | 12.8% | +264.4% | 1.0 yr |
| LNDCLandec Corporation | $13M | 9.1% | — | 2.5 yr |
| PARPAR Technology Corporati | $11M | 7.4% | -78.3% | 5.8 yr |
| KKRKKR & Co. Inc. | $10M | 6.8% | -19.5% | 5.8 yr |
| BURBurford Capital Limited | $10M | 6.7% | -65.4% | 2.5 yr |
| ALLTAllot Ltd. | $8M | 5.8% | +16.6% | 1.5 yr |
| NNNextNav Inc. | $6M | 3.8% | +31.6% | 1.3 yr |
| ZMZoom Communications, Inc | $2M | 1.4% | +9.0% | 0.3 yr |
| BACQInflection Point Acquisi | $1M | 0.5% | — | 0.3 yr |
| INFLHorizon Kinetics Inflati | $1M | 0.4% | — | 0.3 yr |
| MTRXMatrix Service Company | $0M | 0.1% | -7.6% | 3.0 yr |
| PESIPerma-Fix Environmental | $0M | 0.1% | +47.0% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure20.4%+7.4pp$30M
Insurance - Property & Casualty17.2%+12.1pp$25M
Asset Management13.8%-6.6pp$20M
Insurance - Diversified13.3%+10.8pp$19M
Communication Equipment12.8%$19M
Drug Manufacturers - Specialty & Generic9.1%-1.4pp$13M
Software - Application8.9%-17.7pp$13M
Internet Content & Information3.8%+3.5pp$6M
Shell Companies0.5%$1M
Engineering & Construction0.1%+0.0pp$0M
Country
US73.0%-0.7pp
IL20.4%+7.4pp
GG6.7%-2.1pp
Top 5: 66.9% · Top 10: 97.4% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $145M | 17 | -32.10% | +17.59% | -49.69% | -0.02B |
| 2025-12-31 | $231M | 15 | -17.04% | +17.72% | -34.75% | -0.01B |
| 2025-09-30 | $242M | 15 | -2.65% | +17.52% | -20.16% | -0.01B |
| 2025-06-30 | $285M | 18 | +29.75% | +14.94% | +14.81% | +0.02B |
| 2025-03-31 | $243M | 17 | -16.25% | +8.30% | -24.55% | +0.02B |
| 2024-12-31 | $259M | 16 | -42.59% | +24.89% | -67.48% | -0.02B |
| 2024-09-30 | $235M | 15 | -50.94% | +36.04% | -86.98% | -0.02B |
| 2024-06-30 | $216M | 18 | -50.98% | +24.49% | -75.47% | +0.05B |
| 2024-03-31 | $236M | 19 | -25.46% | +29.62% | -55.08% | +0.09B |
| 2023-12-31 | $238M | 21 | +20.59% | +26.18% | -5.58% | +0.22B |
| 2023-09-30 | $20M | 10 | -6.20% | +21.57% | -27.77% | +0.01B |
| 2023-06-30 | $11M | 13 | -34.24% | +19.42% | -53.67% | -0.02B |
| 2023-03-31 | $25M | 14 | -50.60% | -7.82% | -42.79% | -0.13B |
| 2022-12-31 | $155M | 32 | -22.38% | +7.56% | -29.95% | +0.03B |
| 2022-09-30 | $166M | 41 | -17.64% | -4.93% | -12.71% | +0.01B |
| 2022-06-30 | $194M | 49 | -20.59% | -16.11% | -4.48% | -0.05B |