Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.25%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.73%
baseline attrition
Rally response
-2.97%
trims into rallies
when a holding rises +10%+
Top positions · 16
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EQTEQT Corporation | $9M | 20.5% | +20.5% | 3.5 yr |
| RIORio Tinto Group | $7M | 16.3% | +63.4% | 3.0 yr |
| METAMeta Platforms, Inc. | $6M | 14.4% | -0.4% | 3.3 yr |
| PICKiShares MSCI Global Meta | $6M | 13.6% | — | 1.3 yr |
| XOMAXOMA Royalty Corp. | $4M | 8.6% | +57.4% | 3.5 yr |
| FIFiserv, Inc. | $3M | 6.4% | — | 0.5 yr |
| RRCRange Resources Corporat | $2M | 5.1% | +14.2% | 3.3 yr |
| XENEXenon Pharmaceuticals In | $2M | 4.3% | +73.3% | 3.5 yr |
| VALEVale S.A. | $2M | 3.8% | +72.7% | 2.8 yr |
| ALITAlight, Inc. | $1M | 2.4% | -89.8% | 0.3 yr |
| IBITiShares Bitcoin Trust ET | $0M | 1.0% | — | 0.5 yr |
| HOVHovnanian Enterprises, I | $0M | 1.0% | +5.9% | 3.3 yr |
| OABIOmniAb, Inc. | $0M | 0.9% | -34.6% | 3.5 yr |
| EWSiShares MSCI Singapore E | $0M | 0.9% | — | 3.3 yr |
| BHPBHP Group Limited | $0M | 0.8% | +56.1% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production25.6%+4.9pp$11M
Industrial Materials20.8%-11.6pp$9M
Asset Management15.5%-1.4pp$7M
Internet Content & Information14.4%+0.6pp$6M
Biotechnology13.9%+4.2pp$6M
Information Technology Services6.4%$3M
Software - Application2.4%$1M
Residential Construction1.0%+0.1pp$0M
Country
US74.9%+14.5pp
GB16.3%+0.3pp
CA4.3%+1.8pp
BR3.8%-9.6pp
AU0.8%-2.3pp
Top 5: 73.3% · Top 10: 95.2% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $42M | 16 | +15.56% | +17.59% | -2.03% | +0.01B |
| 2025-12-31 | $30M | 14 | +18.23% | +17.72% | +0.52% | -0.00B |
| 2025-09-30 | $34M | 19 | +10.97% | +17.52% | -6.55% | -0.00B |
| 2025-06-30 | $32M | 13 | +10.72% | +14.94% | -4.22% | -0.02B |
| 2025-03-31 | $44M | 15 | -6.73% | +8.30% | -15.03% | -0.00B |
| 2024-12-31 | $44M | 17 | -3.93% | +24.89% | -28.81% | -0.00B |
| 2024-09-30 | $47M | 18 | +8.77% | +36.04% | -27.27% | +0.00B |
| 2024-06-30 | $40M | 19 | +0.87% | +24.49% | -23.62% | +0.00B |
| 2024-03-31 | $40M | 13 | +33.30% | +29.62% | +3.67% | +0.01B |
| 2023-12-31 | $26M | 13 | +49.76% | +26.18% | +23.58% | -0.00B |
| 2023-09-30 | $25M | 14 | +1.57% | -3.22% | +4.80% | +0.00B |
| 2023-06-30 | $23M | 14 | +19.19% | +8.68% | +10.51% | +0.00B |
| 2023-03-31 | $19M | 14 | +17.28% | +7.46% | +9.83% | -0.00B |
| 2022-12-31 | $20M | 20 | — | — | — | — |