Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+13.99%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.04%
baseline attrition
Rally response
-29.33%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PTENPatterson-UTI Energy, In | $50M | 15.9% | +39.4% | 1.8 yr |
| SLViShares Silver Trust | $25M | 8.0% | — | 0.5 yr |
| TDOCTeladoc Health, Inc. | $22M | 7.0% | -31.5% | 2.0 yr |
| DEODiageo plc | $19M | 5.9% | -27.1% | 0.5 yr |
| VTRSViatris Inc. | $17M | 5.4% | +62.4% | 4.5 yr |
| CSANCosan S.A. | $14M | 4.4% | -21.1% | 0.8 yr |
| KOSKosmos Energy Ltd. | $11M | 3.6% | +21.9% | 0.3 yr |
| — | $10M | 3.2% | — | 0.8 yr |
| — | $10M | 3.2% | — | 1.3 yr |
| MRVIMaravai LifeSciences Hol | $10M | 3.1% | +28.1% | 2.5 yr |
| QCOMQUALCOMM Incorporated | $10M | 3.1% | -14.2% | 0.3 yr |
| CPRICapri Holdings Limited | $9M | 2.9% | -10.7% | 2.0 yr |
| BF-BBrown-Forman Corporation | $7M | 2.4% | -19.5% | 0.5 yr |
| RCKTRocket Pharmaceuticals, | $7M | 2.3% | -46.3% | 1.0 yr |
| STLAStellantis N.V. | $7M | 2.3% | -31.0% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Drilling15.9%+13.4pp$50M
Biotechnology12.2%-3.0pp$38M
Asset Management8.8%+0.1pp$28M
Beverages - Wineries & Distilleries8.2%$26M
Medical - Healthcare Information Services7.1%+4.3pp$22M
Unknown6.9%-10.5pp$22M
Drug Manufacturers - Specialty & Generic5.4%-7.3pp$17M
Oil & Gas Refining & Marketing4.4%$14M
Oil & Gas Exploration & Production4.0%$13M
Specialty Retail3.3%+2.3pp$10M
Country
US68.8%+18.5pp
GB9.0%+6.6pp
Unknown6.9%-10.5pp
CN4.9%-7.3pp
BR4.4%+3.8pp
NL2.6%+1.9pp
CA2.1%-7.9pp
AR0.6%+0.4pp
Top 5: 42.1% · Top 10: 59.5% · Top 25: 88.0%
Top buys this quarter · 15
| TDOC Teladoc Health, Inc. | +$11M |
| KOS Kosmos Energy Ltd.new | +$11M |
| QCOM QUALCOMM Incorporatednew | +$10M |
| DEO Diageo plc | +$6M |
| HPE Hewlett Packard Enterprise Comnew | +$5M |
| BF-B Brown-Forman Corporation | +$3M |
| STLA Stellantis N.V. | +$3M |
| CPRI Capri Holdings Limited | +$3M |
| BMRN BioMarin Pharmaceutical Inc.new | +$2M |
| VNOM Viper Energy, Inc.new | +$1M |
Top sells this quarter · 15
| PTEN Patterson-UTI Energy, Inc. | −$41M |
| BABA Alibaba Group Holding Limited | −$16M |
| CC The Chemours Companyexit | −$15M |
| HON Honeywell International Inc.exit | −$15M |
| VTRS Viatris Inc. | −$15M |
| SAM The Boston Beer Company, Inc. | −$12M |
| IAUX i-80 Gold Corp.exit | −$9M |
| GFS GLOBALFOUNDRIES Inc.exit | −$9M |
| ARE Alexandria Real Estate Equitieexit | −$6M |
| BIDU Baidu, Inc. | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $315M | 57 | +53.47% | +17.59% | +35.88% | -0.06B |
| 2025-12-31 | $337M | 67 | +30.75% | +17.72% | +13.03% | +0.04B |
| 2025-09-30 | $269M | 70 | +8.13% | +17.52% | -9.39% | -0.06B |
| 2025-06-30 | $264M | 76 | -2.17% | +14.94% | -17.11% | +0.06B |
| 2025-03-31 | $198M | 66 | -1.91% | +8.30% | -10.21% | -0.01B |
| 2024-12-31 | $225M | 67 | +13.07% | +24.89% | -11.82% | +0.01B |
| 2024-09-30 | $239M | 58 | +42.04% | +36.04% | +6.00% | +0.02B |
| 2024-06-30 | $200M | 54 | +19.21% | +24.49% | -5.28% | -0.03B |
| 2024-03-31 | $226M | 49 | +18.54% | +29.62% | -11.08% | -0.06B |
| 2023-12-31 | $260M | 70 | +12.03% | +26.18% | -14.15% | +0.03B |
| 2023-09-30 | $200M | 59 | +24.14% | +21.57% | +2.57% | +0.03B |
| 2023-06-30 | $186M | 53 | +31.74% | +19.42% | +12.32% | -0.04B |
| 2023-03-31 | $223M | 54 | +14.62% | -7.82% | +22.44% | -0.07B |
| 2022-12-31 | $280M | 68 | +26.19% | +7.56% | +18.63% | -0.00B |
| 2022-09-30 | $222M | 65 | -0.42% | -4.93% | +4.51% | +0.01B |
| 2022-06-30 | $217M | 66 | -11.36% | -16.11% | +4.75% | +0.05B |