Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.27%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.25%
baseline attrition
Rally response
-11.74%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PRPermian Resources Corpor | $7M | 3.7% | +60.4% | 1.3 yr |
| TALOTalos Energy Inc. | $6M | 3.6% | +62.1% | 1.0 yr |
| COMMCommScope Holding Compan | $6M | 3.6% | — | 1.0 yr |
| CVICVR Energy, Inc. | $6M | 3.5% | +76.2% | 0.3 yr |
| AMTMAmentum Holdings, Inc. | $6M | 3.5% | +43.3% | 1.0 yr |
| CCitigroup Inc. | $6M | 3.5% | +63.9% | 1.0 yr |
| TROXTronox Holdings plc | $6M | 3.3% | +47.1% | 2.5 yr |
| AMZNAmazon.com, Inc. | $6M | 3.3% | +9.5% | 1.8 yr |
| CPNGCoupang, Inc. | $5M | 3.1% | -13.9% | 0.5 yr |
| RIGTransocean Ltd. | $5M | 3.0% | +109.1% | 2.3 yr |
| RYAMRayonier Advanced Materi | $5M | 3.0% | +92.5% | 0.5 yr |
| GMEGameStop Corp. | $5M | 3.0% | +3.2% | 1.3 yr |
| VALValaris Limited | $5M | 2.9% | +149.7% | 1.3 yr |
| FLEXFlex Ltd. | $5M | 2.8% | +97.9% | 1.3 yr |
| GILGildan Activewear Inc. | $5M | 2.8% | +28.0% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Specialty Retail14.0%+8.1pp$25M
Oil & Gas Exploration & Production7.3%-4.8pp$13M
Chemicals6.3%-0.7pp$11M
Communication Equipment5.5%$10M
Aerospace & Defense5.5%$10M
Restaurants4.0%-0.2pp$7M
Oil & Gas Drilling3.8%$7M
Software - Infrastructure3.7%+1.8pp$7M
Oil & Gas Refining & Marketing3.5%+0.7pp$6M
Banks - Diversified3.5%$6M
Country
US80.2%-3.7pp
SG3.5%-0.3pp
KR3.1%
CH3.0%
BM2.9%+0.0pp
CA2.8%
IE2.3%
IL1.5%
Top 5: 18.0% · Top 10: 34.2% · Top 25: 71.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| VAL | $2M | +0.00B | 149.7% |
| FLEX | $3M | +0.00B | 97.9% |
| PPTA | $2M | +0.00B | 163.0% |
| PR | $4M | +0.00B | 60.4% |
| TROX | $3M | +0.00B | 47.1% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| LW | $3M | -0.00B | -18.5% |
Top buys this quarter · 15
| CVI CVR Energy, Inc.new | +$6M |
| GIL Gildan Activewear Inc.new | +$5M |
| W Wayfair Inc.new | +$5M |
| CARR Carrier Global Corporationnew | +$4M |
| CNK Cinemark Holdings, Inc.new | +$4M |
| CPNG Coupang, Inc. | +$4M |
| FLEX Flex Ltd. | +$4M |
| DGX Quest Diagnostics Incorporatednew | +$4M |
| IEP Icahn Enterprises L.P.new | +$3M |
| WOLF Wolfspeed, Inc.new | +$3M |
Top sells this quarter · 15
| PBF PBF Energy Inc.exit | −$8M |
| ALB Albemarle Corporationexit | −$6M |
| DAR Darling Ingredients Inc.exit | −$6M |
| ON ON Semiconductor Corporationexit | −$5M |
| CE Celanese Corporationexit | −$5M |
| ACLS Axcelis Technologies, Inc.exit | −$4M |
| WDC Western Digital Corporationexit | −$4M |
| CLF Cleveland-Cliffs Inc.exit | −$4M |
| HRI Herc Holdings Inc.exit | −$4M |
| COMP Compass, Inc.exit | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $178M | 50 | +14.32% | +17.59% | -3.27% | -0.02B |
| 2025-12-31 | $191M | 59 | -5.66% | +17.72% | -23.38% | +0.02B |
| 2025-09-30 | $162M | 54 | -0.79% | +17.52% | -18.30% | +0.02B |
| 2025-06-30 | $136M | 47 | -4.11% | +14.94% | -19.06% | +0.05B |
| 2025-03-31 | $86M | 34 | -7.39% | +8.30% | -15.69% | -0.04B |
| 2024-12-31 | $144M | 51 | -8.81% | +24.89% | -33.70% | +0.03B |
| 2024-09-30 | $99M | 31 | -34.12% | +36.04% | -70.16% | -0.03B |
| 2024-06-30 | $130M | 35 | -39.55% | +24.49% | -64.04% | -0.01B |
| 2024-03-31 | $146M | 36 | -33.13% | +29.62% | -62.75% | +0.01B |
| 2023-12-31 | $160M | 32 | -17.10% | +26.18% | -43.28% | +0.04B |
| 2023-09-30 | $154M | 31 | +9.55% | +21.57% | -12.02% | -0.03B |
| 2023-06-30 | $201M | 32 | +6.40% | +19.42% | -13.02% | -0.01B |
| 2023-03-31 | $197M | 44 | -20.31% | -7.82% | -12.50% | +0.02B |
| 2022-12-31 | $169M | 28 | +7.25% | +7.56% | -0.31% | -0.12B |
| 2022-09-30 | $270M | 29 | -9.66% | -4.93% | -4.73% | +0.03B |
| 2022-06-30 | $270M | 29 | -21.40% | -16.11% | -5.29% | -0.04B |