Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.22%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.66%
steady accumulation
Rally response
-3.28%
trims into rallies
when a holding rises +10%+
Top positions · 13
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NRGNRG Energy, Inc. | $22M | 13.3% | +55.0% | 2.0 yr |
| APPAppLovin Corporation | $16M | 9.6% | +50.2% | 3.0 yr |
| BKDBrookdale Senior Living | $15M | 9.2% | +118.5% | 0.3 yr |
| TSMTaiwan Semiconductor Man | $15M | 9.0% | +105.6% | 1.3 yr |
| LGNLegence Corp. Class A Co | $14M | 8.3% | — | 0.5 yr |
| ARAntero Resources Corpora | $14M | 8.3% | +4.9% | 1.8 yr |
| EXEExpand Energy Corporatio | $13M | 7.9% | +1.7% | 0.8 yr |
| EQTEQT Corporation | $13M | 7.7% | +20.5% | 1.5 yr |
| VSTVistra Corp. | $12M | 7.2% | +28.7% | 0.8 yr |
| SNEXStoneX Group Inc. | $11M | 6.5% | +5.6% | 1.3 yr |
| NVDANVIDIA Corporation | $9M | 5.3% | +60.9% | 0.5 yr |
| SYYSysco Corporation | $9M | 5.2% | -3.0% | 0.3 yr |
| EEExcelerate Energy, Inc. | $4M | 2.5% | +17.8% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production23.9%+20.5pp$40M
Independent Power Producers20.5%+11.9pp$34M
Semiconductors14.3%-3.9pp$24M
Software - Application9.6%+0.6pp$16M
Medical - Care Facilities9.2%$15M
Engineering & Construction8.3%+1.1pp$14M
Financial - Capital Markets6.5%-0.8pp$11M
Food Distribution5.2%$9M
Renewable Utilities2.5%$4M
Country
US91.0%+25.7pp
TW9.0%+2.4pp
Top 5: 49.4% · Top 10: 87.1% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| TSM | $7M | +0.01B | 105.6% |
| APP | $10M | +0.00B | 50.2% |
| NRG | $7M | +0.00B | 55.0% |
| VST | $3M | +0.00B | 28.7% |
| EQT | $4M | +0.00B | 20.5% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 10
| BKD Brookdale Senior Living Inc.new | +$15M |
| AR Antero Resources Corporation | +$11M |
| NRG NRG Energy, Inc. | +$9M |
| SYY Sysco Corporationnew | +$8M |
| EQT EQT Corporation | +$8M |
| EXE Expand Energy Corporation | +$7M |
| LGN Legence Corp. Class A Common s | +$5M |
| EE Excelerate Energy, Inc.new | +$4M |
| SNEX StoneX Group Inc. | +$4M |
| VST Vistra Corp. | +$12M |
Top sells this quarter · 13
| FIX Comfort Systems USA, Inc.exit | −$29M |
| KGS Kodiak Gas Services, Inc.exit | −$17M |
| SEI Solaris Energy Infrastructure,exit | −$17M |
| DKS DICK'S Sporting Goods, Inc.exit | −$12M |
| FSLR First Solar, Inc.exit | −$12M |
| FDX FedEx Corporationexit | −$12M |
| APO Apollo Global Management, Inc.exit | −$8M |
| AVGO Broadcom Inc.exit | −$6M |
| APP AppLovin Corporation | −$15M |
| FCNCA First Citizens BancShares, Incexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $166M | 13 | +69.86% | +17.59% | +52.27% | -0.04B |
| 2025-12-31 | $192M | 17 | +52.63% | +17.72% | +34.91% | -0.00B |
| 2025-09-30 | $184M | 17 | +104.19% | +17.52% | +86.68% | -0.01B |
| 2025-06-30 | $159M | 17 | +86.38% | +14.94% | +71.44% | +0.02B |
| 2025-03-31 | $111M | 20 | +55.68% | +8.30% | +47.37% | -0.02B |
| 2024-12-31 | $136M | 21 | +103.01% | +24.89% | +78.13% | +0.00B |
| 2024-09-30 | $97M | 22 | +58.49% | +36.04% | +22.46% | +0.01B |
| 2024-06-30 | $83M | 21 | +45.08% | +24.49% | +20.59% | -0.01B |
| 2024-03-31 | $87M | 20 | +41.78% | +29.62% | +12.16% | +0.00B |
| 2023-12-31 | $68M | 17 | +19.76% | +26.18% | -6.42% | -0.01B |
| 2023-09-30 | $68M | 26 | +19.92% | +21.57% | -1.65% | -0.01B |
| 2023-06-30 | $74M | 25 | +10.56% | +19.42% | -8.86% | +0.00B |
| 2023-03-31 | $70M | 27 | -7.51% | -7.82% | +0.31% | -0.01B |
| 2022-12-31 | $74M | 27 | +9.09% | +7.56% | +1.53% | +0.01B |
| 2022-09-30 | $62M | 31 | -6.54% | -4.93% | -1.61% | +0.00B |
| 2022-06-30 | $63M | 34 | -13.11% | -16.11% | +3.01% | +0.02B |