Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.31%
adds when stocks drop
when a holding falls −10%+
Middle response
-52.73%
baseline attrition
Rally response
-14.57%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DJTTrump Media & Technology | $68M | 45.9% | — | 1.0 yr |
| SVCService Properties Trust | $28M | 19.3% | — | 0.3 yr |
| TVATexas Ventures Acquisiti | $11M | 7.4% | — | 0.3 yr |
| AUREAurelion Inc. | $5M | 3.6% | — | 0.3 yr |
| STEXStreamex Corp. | $4M | 2.9% | — | 0.3 yr |
| ALTIAlTi Global, Inc. | $3M | 1.9% | — | 0.8 yr |
| — | $3M | 1.8% | — | 0.3 yr |
| — | $3M | 1.7% | — | 0.3 yr |
| GTXGarrett Motion Inc. | $2M | 1.5% | — | 0.8 yr |
| — | $2M | 1.4% | — | 0.8 yr |
| JBGSJBG SMITH Properties | $2M | 1.4% | — | 0.3 yr |
| NAKANakamoto Inc. | $2M | 1.4% | — | 0.8 yr |
| OSUROraSure Technologies, In | $2M | 1.3% | — | 0.3 yr |
| HSDTSolana Company | $2M | 1.3% | — | 0.3 yr |
| UMACUnusual Machines, Inc. | $2M | 1.2% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information45.9%$68M
REIT - Hotel & Motel19.3%$28M
Shell Companies8.6%$13M
Unknown5.9%$9M
Asset Management3.9%$6M
Investment - Banking & Investment Services3.6%$5M
Asset Management - Global1.9%$3M
Medical - Devices1.9%$3M
Auto - Parts1.5%$2M
REIT - Office1.4%$2M
Country
US87.7%
Unknown6.1%
HK3.6%
CH1.5%
IL0.6%
AE0.4%
GR0.0%
Top 5: 79.1% · Top 10: 87.5% · Top 25: 99.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| SVC Service Properties Trustnew | +$28M |
| TVA Texas Ventures Acquisition IIInew | +$11M |
| DJT Trump Media & Technology Group | +$68M |
| STEX Streamex Corp.new | +$4M |
| JBGS JBG SMITH Propertiesnew | +$2M |
| OSUR OraSure Technologies, Inc.new | +$2M |
| HSDT Solana Companynew | +$2M |
| UMAC Unusual Machines, Inc.new | +$2M |
| IMSR Terrestrial Energy Inc.new | +$1M |
| KYIV Kyivstar Group Ltd. Common Shanew | +$1M |
Top sells this quarter · 15
| GTX Garrett Motion Inc. | −$7M |
| TGT Target Corporationexit | −$5M |
| INV Innventure, Inc.exit | −$5M |
| ACHR Archer Aviation Inc.exit | −$2M |
| NOMD Nomad Foods Limitedexit | −$1M |
| SQNS Sequans Communications S.A.exit | −$0M |
| NRSN NeuroSense Therapeutics Ltd. | −$0M |
| ILLR Triller Group Inc.exit | −$0M |
| JUNS Jupiter Neurosciences, Inc. | −$0M |
| — | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $147M | 38 | -29.95% | -4.37% | -25.58% | +0.04B |
| 2025-12-31 | $150M | 28 | -54.74% | +2.66% | -57.41% | +0.03B |
| 2025-09-30 | $254M | 30 | -86.20% | +8.12% | -94.33% | +0.23B |
| 2025-06-30 | $195M | 19 | — | — | — | — |