Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+11.92%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.93%
steady accumulation
Rally response
-19.27%
trims into rallies
when a holding rises +10%+
Top positions · 9
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SUISun Communities, Inc. | $42M | 22.7% | +3.7% | 6.5 yr |
| EQIXEquinix, Inc. | $39M | 21.3% | +23.0% | 1.5 yr |
| FRFirst Industrial Realty | $28M | 15.3% | +10.0% | 3.3 yr |
| IVTInvenTrust Properties Co | $22M | 11.9% | +6.4% | 1.5 yr |
| CUBECubeSmart | $19M | 10.3% | -10.9% | 0.8 yr |
| CBRECBRE Group, Inc. | $15M | 8.0% | +3.6% | 1.5 yr |
| DLRDigital Realty Trust, In | $12M | 6.3% | +29.4% | 2.8 yr |
| NMRKNewmark Group, Inc. | $4M | 2.1% | +24.2% | 1.3 yr |
| JANJanus Living, Inc. | $4M | 1.9% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
REIT - Specialty27.6%+10.8pp$51M
REIT - Industrial27.5%+8.4pp$50M
REIT - Residential22.7%+5.9pp$42M
REIT - Retail11.9%+1.2pp$22M
Real Estate - Services10.1%+0.5pp$19M
Country
US100.0%+1.0pp
Top 5: 81.6% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| EQIX | $27M | +0.01B | 23.0% |
| DLR | $8M | +0.00B | 29.4% |
| SUI | $35M | +0.00B | 3.7% |
| CBRE | $20M | +0.00B | 3.6% |
| IVT | $10M | +0.00B | 6.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $183M | 9 | +4.62% | +17.59% | -12.97% | -0.01B |
| 2025-12-31 | $181M | 10 | -9.59% | +17.72% | -27.31% | +0.01B |
| 2025-09-30 | $172M | 8 | -12.96% | +17.52% | -30.48% | -0.05B |
| 2025-06-30 | $224M | 12 | +1.90% | +14.94% | -13.04% | +0.02B |
| 2025-03-31 | $210M | 13 | +3.57% | +8.30% | -4.74% | -0.03B |
| 2024-12-31 | $262M | 13 | +11.10% | +24.89% | -13.79% | -0.12B |
| 2024-09-30 | $404M | 18 | +35.17% | +36.04% | -0.87% | +0.04B |
| 2024-06-30 | $308M | 12 | +8.28% | +24.49% | -16.21% | -0.03B |
| 2024-03-31 | $333M | 15 | +10.05% | +29.62% | -19.57% | +0.09B |
| 2023-12-31 | $241M | 12 | +14.98% | +26.18% | -11.20% | +0.07B |
| 2023-09-30 | $146M | 5 | +2.58% | +21.57% | -18.99% | -0.02B |
| 2023-06-30 | $174M | 8 | +0.90% | +19.42% | -18.52% | -0.03B |
| 2023-03-31 | $204M | 8 | -17.45% | -7.82% | -9.63% | -0.02B |
| 2022-12-31 | $218M | 8 | +2.41% | +7.56% | -5.15% | +0.00B |
| 2022-09-30 | $210M | 8 | -7.90% | -4.93% | -2.98% | +0.00B |
| 2022-06-30 | $222M | 10 | -16.24% | -16.11% | -0.13% | -0.09B |