Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.80%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.94%
baseline attrition
Rally response
-0.92%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DKNGDraftKings Inc. | $115M | 94.6% | -34.9% | 4.0 yr |
| ROKURoku, Inc. | $5M | 4.5% | +34.3% | 6.5 yr |
| SNAPSnap Inc. | $1M | 0.9% | -47.2% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Gambling, Resorts & Casinos94.6%+46.3pp$115M
Entertainment4.5%+3.4pp$5M
Internet Content & Information0.9%+0.3pp$1M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
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 | $122M | 3 | -33.50% | +17.59% | -51.10% | -0.00B |
| 2025-12-31 | $192M | 3 | -6.48% | +17.72% | -24.20% | -0.21B |
| 2025-09-30 | $438M | 4 | -4.17% | +17.52% | -21.68% | +0.07B |
| 2025-06-30 | $424M | 4 | +11.66% | +14.94% | -3.28% | -0.05B |
| 2025-03-31 | $366M | 4 | -26.38% | +8.30% | -34.69% | -0.05B |
| 2024-12-31 | $463M | 4 | +4.49% | +24.89% | -20.40% | +0.00B |
| 2024-09-30 | $484M | 5 | +32.74% | +36.04% | -3.30% | +0.02B |
| 2024-06-30 | $455M | 5 | +43.14% | +24.49% | +18.65% | +0.03B |
| 2024-03-31 | $503M | 5 | +124.94% | +29.62% | +95.32% | -0.22B |
| 2023-12-31 | $569M | 5 | +187.41% | +26.18% | +161.23% | +0.00B |
| 2023-09-30 | $471M | 5 | +87.11% | +21.57% | +65.54% | -0.18B |
| 2023-06-30 | $590M | 5 | +113.63% | +19.42% | +94.21% | -0.03B |
| 2023-03-31 | $464M | 6 | -7.18% | -7.82% | +0.63% | -0.01B |
| 2022-12-31 | $290M | 7 | -21.43% | +7.56% | -28.99% | +0.07B |
| 2022-09-30 | $278M | 7 | +25.94% | -4.93% | +30.86% | -0.12B |
| 2022-06-30 | $317M | 7 | -42.06% | -16.11% | -25.95% | +0.05B |