Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-15.53%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.71%
baseline attrition
Rally response
-5.83%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSMTaiwan Semiconductor Man | $12M | 5.0% | +105.6% | 3.0 yr |
| NVDANVIDIA Corporation | $11M | 4.6% | +60.9% | 3.8 yr |
| CCJCameco Corporation | $10M | 4.3% | +164.4% | 1.3 yr |
| HALHalliburton Company | $10M | 4.1% | +57.9% | 0.5 yr |
| PLTRPalantir Technologies In | $10M | 4.0% | +73.3% | 1.8 yr |
| ASMLASML Holding N.V. | $10M | 4.0% | +100.9% | 3.8 yr |
| GEVGE Vernova Inc. | $9M | 3.8% | +186.8% | 0.8 yr |
| AMDAdvanced Micro Devices, | $9M | 3.7% | +98.0% | 4.5 yr |
| SNDKSandisk Corporation | $9M | 3.7% | +1234.5% | 0.3 yr |
| BBarrick Mining Corporati | $8M | 3.5% | +114.9% | 0.5 yr |
| EWYiShares MSCI South Korea | $8M | 3.4% | — | 0.3 yr |
| DELLDell Technologies Inc. | $8M | 3.4% | +83.4% | 0.3 yr |
| PWRQuanta Services, Inc. | $8M | 3.3% | +116.2% | 0.8 yr |
| AMATApplied Materials, Inc. | $8M | 3.3% | +137.6% | 0.3 yr |
| LNGCheniere Energy, Inc. | $8M | 3.2% | +23.8% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors32.7%+24.6pp$78M
Oil & Gas Equipment & Services8.0%$19M
Engineering & Construction5.5%$13M
Software - Infrastructure5.4%-2.3pp$13M
Oil & Gas Midstream5.2%$12M
Computer Hardware5.1%$12M
Asset Management - Leveraged5.0%$12M
Uranium4.3%$10M
Renewable Utilities3.8%$9M
Asset Management3.7%-7.2pp$9M
Country
US70.1%-11.6pp
CA7.9%+7.8pp
GB5.2%-1.4pp
TW5.0%
NL4.0%
IL1.9%
RU1.8%
SG1.7%
Top 5: 22.1% · Top 10: 40.8% · Top 25: 81.5%
Top buys this quarter · 15
| SNDK Sandisk Corporationnew | +$9M |
| DELL Dell Technologies Inc.new | +$8M |
| AMAT Applied Materials, Inc.new | +$8M |
| HAL Halliburton Company | +$8M |
| FTI TechnipFMC plcnew | +$6M |
| AGX Argan, Inc.new | +$5M |
| TRGP Targa Resources Corp.new | +$5M |
| TSEM Tower Semiconductor Ltd.new | +$5M |
| STX Seagate Technology Holdings plnew | +$4M |
| LNG Cheniere Energy, Inc. | +$4M |
Top sells this quarter · 15
| WDC Western Digital Corporationexit | −$12M |
| AEM Agnico Eagle Mines Limitedexit | −$10M |
| LLY Eli Lilly and Companyexit | −$8M |
| C Citigroup Inc.exit | −$7M |
| META Meta Platforms, Inc.exit | −$7M |
| CEG Constellation Energy Corporatiexit | −$6M |
| MU Micron Technology, Inc. | −$5M |
| LRCX Lam Research Corporationexit | −$5M |
| TSLA Tesla, Inc.exit | −$5M |
| MA Mastercard Incorporatedexit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $239M | 46 | +55.73% | +17.59% | +38.13% | +0.01B |
| 2025-12-31 | $222M | 40 | +52.37% | +17.72% | +34.66% | -0.06B |
| 2025-09-30 | $271M | 53 | +52.01% | +17.52% | +34.49% | -0.01B |
| 2025-06-30 | $239M | 47 | +32.56% | +14.94% | +17.62% | +0.05B |
| 2025-03-31 | $155M | 29 | +14.60% | +8.30% | +6.30% | -0.05B |
| 2024-12-31 | $203M | 37 | +36.38% | +24.89% | +11.49% | -0.05B |
| 2024-09-30 | $236M | 40 | +49.06% | +36.04% | +13.03% | -0.00B |
| 2024-06-30 | $233M | 39 | +44.80% | +24.49% | +20.31% | +0.00B |
| 2024-03-31 | $215M | 41 | +46.47% | +29.62% | +16.85% | +0.01B |
| 2023-12-31 | $175M | 47 | +36.72% | +26.18% | +10.54% | +0.01B |
| 2023-09-30 | $147M | 49 | +28.51% | +21.57% | +6.94% | -0.00B |
| 2023-06-30 | $151M | 42 | +32.95% | +19.42% | +13.53% | +0.01B |
| 2023-03-31 | $135M | 43 | +11.33% | +7.46% | +3.87% | +0.07B |
| 2022-12-31 | $55M | 26 | +8.20% | +7.56% | +0.64% | -0.02B |
| 2022-09-30 | $71M | 20 | +2.65% | -4.93% | +7.57% | -0.05B |
| 2022-06-30 | $117M | 41 | — | — | — | -0.02B |