Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+15.06%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.84%
baseline attrition
Rally response
+1.12%
adds into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMRAlpha Metallurgical Reso | $57M | 38.6% | +63.9% | 2.3 yr |
| IBKRInteractive Brokers Grou | $34M | 22.5% | +62.8% | 0.8 yr |
| UBSUBS Group AG | $25M | 16.4% | +31.6% | 2.0 yr |
| CRESYCresud Sociedad Anónima | $14M | 9.4% | — | 1.5 yr |
| NTRANatera, Inc. | $10M | 6.7% | +41.4% | 0.5 yr |
| LOMALoma Negra CompañÃa In | $3M | 1.9% | +0.9% | 1.5 yr |
| GGALGrupo Financiero Galicia | $2M | 1.4% | -11.7% | 1.5 yr |
| — | $2M | 1.3% | — | 1.8 yr |
| GPNGlobal Payments Inc. | $1M | 0.9% | -30.4% | 0.5 yr |
| BNTXBioNTech SE | $1M | 0.6% | -2.4% | 3.5 yr |
| TSLATesla, Inc. | $0M | 0.3% | +43.4% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Coal38.6%$57M
Investment - Banking & Investment Services22.5%$34M
Banks - Diversified16.4%-8.7pp$25M
Conglomerates9.4%+6.7pp$14M
Medical - Diagnostics & Research6.7%$10M
Construction Materials1.9%+1.7pp$3M
Banks - Regional1.4%-1.3pp$2M
Unknown1.3%-54.7pp$2M
Financial - Credit Services0.9%$1M
Biotechnology0.6%-0.7pp$1M
Country
US69.0%+62.2pp
CH16.4%-8.7pp
AR12.7%+4.9pp
Unknown1.3%-54.7pp
DE0.6%-0.7pp
Top 5: 93.6% · Top 10: 99.7% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $149M | 11 | +43.63% | +17.59% | +26.04% | -0.01B |
| 2025-12-31 | $164M | 15 | +49.53% | +17.72% | +31.81% | +0.03B |
| 2025-09-30 | $135M | 12 | +49.93% | +17.52% | +32.41% | +0.02B |
| 2025-06-30 | $88M | 13 | +5.81% | +14.94% | -9.13% | +0.01B |
| 2025-03-31 | $72M | 13 | -18.13% | +8.30% | -26.43% | +0.01B |
| 2024-12-31 | $59M | 13 | -20.46% | +24.89% | -45.35% | +0.01B |
| 2024-09-30 | $48M | 7 | -7.94% | +36.04% | -43.97% | -0.01B |
| 2024-06-30 | $58M | 5 | +30.45% | +24.49% | +5.96% | -0.01B |
| 2024-03-31 | $83M | 4 | +63.57% | +29.62% | +33.95% | -0.03B |
| 2023-12-31 | $111M | 6 | +68.99% | +26.18% | +42.81% | -0.02B |
| 2023-09-30 | $116M | 6 | +32.77% | -3.22% | +35.99% | +0.01B |
| 2023-06-30 | $82M | 8 | +7.24% | +8.68% | -1.45% | -0.10B |
| 2023-03-31 | $168M | 10 | +1.47% | +7.46% | -5.99% | +0.05B |
| 2022-12-31 | $116M | 9 | — | — | — | — |