Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-21.04%
trims when stocks drop
when a holding falls −10%+
Middle response
-11.76%
baseline attrition
Rally response
-57.96%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GTLSChart Industries, Inc. | $4M | 14.5% | +8.3% | 0.3 yr |
| SEESealed Air Corporation | $4M | 13.4% | +27.9% | 0.3 yr |
| WBDWarner Bros. Discovery, | $4M | 12.6% | +159.8% | 0.3 yr |
| APLSApellis Pharmaceuticals, | $2M | 7.2% | +26.1% | 0.3 yr |
| EAElectronic Arts Inc. | $2M | 5.2% | +40.1% | 0.3 yr |
| AMZNAmazon.com, Inc. | $2M | 4.9% | -5.1% | 0.3 yr |
| TPHTri Pointe Homes, Inc. | $1M | 4.2% | +28.9% | 0.3 yr |
| VREVeris Residential, Inc. | $1M | 3.7% | +15.9% | 0.3 yr |
| SKYTSkyWater Technology, Inc | $1M | 3.5% | +98.6% | 0.3 yr |
| HOLXHologic, Inc. | $1M | 2.2% | +4.9% | 0.3 yr |
| — | $1M | 2.0% | — | 0.3 yr |
| RKTRocket Companies, Inc. | $1M | 1.9% | +33.7% | 0.3 yr |
| TERNTerns Pharmaceuticals, I | $1M | 1.9% | — | 0.3 yr |
| SGRYSurgery Partners, Inc. | $1M | 1.7% | -43.7% | 0.8 yr |
| DISThe Walt Disney Company | $0M | 1.6% | -12.5% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery15.6%+14.8pp$5M
Entertainment14.2%+11.7pp$4M
Packaging & Containers13.4%+11.1pp$4M
Biotechnology9.1%+8.4pp$3M
Electronic Gaming & Multimedia5.2%$2M
Specialty Retail4.9%+4.8pp$2M
Residential Construction4.2%$1M
REIT - Residential3.7%$1M
Semiconductors3.5%+2.7pp$1M
Medical - Instruments & Supplies2.2%+1.8pp$1M
Country
US93.2%+1.2pp
Unknown2.0%-2.4pp
CA1.2%+0.2pp
IL1.0%
BM0.9%-0.1pp
CN0.7%+0.6pp
AU0.7%-0.1pp
ES0.4%
Top 5: 52.9% · Top 10: 71.4% · Top 25: 92.1%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| WSC | $1M | -0.00B | -47.3% |
Top buys this quarter · 15
| GTLS Chart Industries, Inc.new | +$4M |
| SEE Sealed Air Corporationnew | +$4M |
| WBD Warner Bros. Discovery, Inc.new | +$4M |
| APLS Apellis Pharmaceuticals, Inc.new | +$2M |
| EA Electronic Arts Inc.new | +$2M |
| AMZN Amazon.com, Inc.new | +$2M |
| TPH Tri Pointe Homes, Inc.new | +$1M |
| VRE Veris Residential, Inc.new | +$1M |
| SKYT SkyWater Technology, Inc.new | +$1M |
| HOLX Hologic, Inc.new | +$1M |
Top sells this quarter · 15
| GLNG Golar LNG Limited | −$2M |
| ROK Rockwell Automation, Inc. | −$2M |
| AVR Anteris Technologies Global Co | −$1M |
| WSC WillScot Holdings Corporation | −$1M |
| DTE DTE Energy Companyexit | −$1M |
| OXY Occidental Petroleum Corporatiexit | −$1M |
| DIS The Walt Disney Company | −$0M |
| CWAN Clearwater Analytics Holdings,exit | −$0M |
| FOLD Amicus Therapeutics, Inc.exit | −$0M |
| UPS United Parcel Service, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $31M | 40 | -24.34% | +1.62% | -25.96% | +0.02B |
| 2025-12-31 | $8M | 35 | -36.88% | +8.91% | -45.79% | +0.00B |
| 2025-09-30 | $6M | 19 | -14.29% | +15.29% | -29.58% | -0.21B |
| 2025-03-31 | $204M | 89 | -19.74% | +14.59% | -34.32% | +0.03B |
| 2024-12-31 | $187M | 91 | -13.39% | +2.49% | -15.88% | +0.17B |
| 2023-06-30 | $16M | 27 | +1.02% | +8.68% | -7.66% | -0.05B |
| 2023-03-31 | $69M | 54 | -0.06% | +7.46% | -7.52% | +0.04B |
| 2022-12-31 | $32M | 21 | — | — | — | -0.02B |
| 2020-12-31 | $50M | 119 | — | — | — | +0.02B |
| 2020-09-30 | $35M | 37 | — | — | — | +0.01B |
| 2020-06-30 | $27M | 21 | — | — | — | +0.02B |
| 2020-03-31 | $10M | 10 | — | — | — | -0.04B |
| 2019-12-31 | $46M | 77 | — | — | — | +0.00B |
| 2019-09-30 | $44M | 14 | — | — | — | -0.04B |
| 2019-06-30 | $79M | 17 | — | — | — | +0.05B |
| 2019-03-31 | $33M | 17 | — | — | — | +0.01B |