Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.31%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.76%
baseline attrition
Rally response
-21.81%
trims into rallies
when a holding rises +10%+
Top positions · 7
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CAICaris Life Sciences, Inc | $257M | 36.2% | — | 1.0 yr |
| PCGPG&E Corporation | $239M | 33.6% | +2.9% | 6.3 yr |
| — | $66M | 9.3% | — | 0.5 yr |
| TSLXSixth Street Specialty L | $50M | 7.0% | -10.0% | 6.0 yr |
| MBCMasterBrand, Inc. | $41M | 5.7% | -36.4% | 1.5 yr |
| CXMSprinklr, Inc. | $34M | 4.8% | -28.1% | 3.0 yr |
| ESNTEssent Group Ltd. | $23M | 3.3% | +3.4% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology36.2%$257M
Regulated Electric33.6%+0.1pp$239M
Unknown9.3%$66M
Asset Management7.0%-1.0pp$50M
Furnishings, Fixtures & Appliances5.7%+3.3pp$41M
Software - Application4.8%-7.0pp$34M
Insurance - Specialty3.3%+0.2pp$23M
Country
US87.4%+22.6pp
Unknown9.3%
BM3.3%-31.0pp
Top 5: 91.9% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| — | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $711M | 7 | -23.76% | +17.59% | -41.35% | -0.07B |
| 2025-12-31 | $974M | 7 | -12.26% | +17.72% | -29.98% | -0.12B |
| 2025-09-30 | $1.16B | 7 | -5.12% | +17.52% | -22.64% | -0.22B |
| 2025-06-30 | $1.26B | 8 | -8.05% | +14.94% | -22.99% | +0.56B |
| 2025-03-31 | $759M | 19 | +2.48% | +8.30% | -5.82% | +0.05B |
| 2024-12-31 | $774M | 18 | +8.68% | +24.89% | -16.21% | +0.03B |
| 2024-09-30 | $739M | 15 | +17.75% | +36.04% | -18.28% | -0.05B |
| 2024-06-30 | $738M | 14 | +11.21% | +24.49% | -13.29% | -0.15B |
| 2024-03-31 | $861M | 14 | +19.50% | +29.62% | -10.12% | -0.11B |
| 2023-12-31 | $996M | 16 | +25.71% | +26.18% | -0.47% | +0.11B |
| 2023-09-30 | $810M | 15 | +28.57% | +21.57% | +7.00% | -0.26B |
| 2023-06-30 | $1.06B | 15 | +43.81% | +19.42% | +24.39% | +0.07B |
| 2023-03-31 | $899M | 11 | +8.27% | -7.82% | +16.09% | +0.00B |
| 2022-12-31 | $871M | 9 | +12.21% | +7.56% | +4.64% | -0.21B |
| 2022-09-30 | $960M | 9 | +12.79% | -4.93% | +17.72% | -0.28B |
| 2022-06-30 | $1.10B | 10 | -16.80% | -16.11% | -0.69% | +0.06B |