Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.25%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
+0.30%
adds into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VLRSControladora Vuela Compa | $154M | 57.6% | +38.7% | 5.5 yr |
| ULCCFrontier Group Holdings, | $113M | 42.4% | -18.7% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Airlines, Airports & Air Services100.0%+0.0pp$267M
Country
MX57.6%+13.3pp
US42.4%-13.3pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ULCC | $139M | -0.03B | -18.7% |
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $267M | 2 | +6.77% | +17.59% | -10.82% | -0.00B |
| 2025-12-31 | $340M | 2 | -12.01% | +17.72% | -29.73% | +0.00B |
| 2025-09-30 | $294M | 2 | -3.85% | +17.52% | -21.36% | -0.00B |
| 2025-06-30 | $217M | 2 | -25.88% | +14.94% | -40.82% | -0.00B |
| 2025-03-31 | $250M | 2 | -46.07% | +8.30% | -54.37% | -0.00B |
| 2024-12-31 | $386M | 2 | +13.87% | +24.89% | -11.02% | +0.00B |
| 2024-09-30 | $306M | 2 | +4.51% | +36.04% | -31.53% | -0.00B |
| 2024-06-30 | $293M | 2 | -50.05% | +24.49% | -74.54% | -0.72B |
| 2024-03-31 | $1.61B | 2 | -21.20% | +29.62% | -50.83% | -0.00B |
| 2023-12-31 | $1.18B | 2 | -42.61% | +26.18% | -68.79% | +0.04B |
| 2023-09-30 | $981M | 2 | -47.08% | +21.57% | -68.65% | +0.00B |
| 2023-06-30 | $1.97B | 2 | +6.27% | +19.42% | -13.15% | +0.00B |
| 2023-03-31 | $1.97B | 2 | -15.59% | -7.82% | -7.77% | +0.00B |
| 2022-12-31 | $1.98B | 2 | +6.75% | +7.56% | -0.81% | +0.00B |
| 2022-09-30 | $1.85B | 2 | +0.19% | -4.93% | +5.12% | -0.00B |
| 2022-06-30 | $1.85B | 2 | -20.76% | -16.11% | -4.65% | -0.00B |