Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+10.64%
adds when stocks drop
when a holding falls −10%+
Middle response
-26.14%
baseline attrition
Rally response
-23.17%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| WULFTeraWulf Inc. | $10M | 6.6% | — | 0.5 yr |
| SBLKStar Bulk Carriers Corp. | $10M | 6.6% | — | 0.5 yr |
| CNRCore Natural Resources, | $8M | 5.2% | — | 0.5 yr |
| TRMDTORM plc | $7M | 4.6% | — | 0.5 yr |
| JBGSJBG SMITH Properties | $7M | 4.4% | — | 0.5 yr |
| HCCWarrior Met Coal, Inc. | $5M | 3.5% | — | 0.5 yr |
| FCNCAFirst Citizens BancShare | $5M | 3.1% | — | 0.5 yr |
| TDWTidewater Inc. | $5M | 3.1% | — | 0.5 yr |
| ASCArdmore Shipping Corpora | $5M | 3.0% | — | 0.5 yr |
| TLNTalen Energy Corporation | $4M | 2.8% | — | 0.5 yr |
| DEIDouglas Emmett, Inc. | $4M | 2.7% | — | 0.3 yr |
| NMMNavios Maritime Partners | $4M | 2.6% | — | 0.5 yr |
| ALXAlexander's, Inc. | $4M | 2.5% | — | 0.5 yr |
| VNOVornado Realty Trust | $4M | 2.5% | — | 0.5 yr |
| NXRTNexPoint Residential Tru | $3M | 2.3% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Marine Shipping15.5%$23M
Oil & Gas Midstream11.4%$17M
REIT - Office9.6%$14M
Coal9.4%$14M
Financial - Capital Markets8.9%$13M
Unknown5.3%$8M
Oil & Gas Equipment & Services4.2%$6M
Banks - Regional3.1%$5M
Independent Power Producers2.8%$4M
Construction2.6%$4M
Country
US62.7%
GR6.7%
BM6.5%
Unknown5.3%
GB5.3%
MC3.9%
CH3.7%
CA1.9%
Top 5: 27.4% · Top 10: 42.9% · Top 25: 72.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| DEI Douglas Emmett, Inc.new | +$4M |
| VNO Vornado Realty Trust | +$3M |
| CIFR Cipher Mining Inc.new | +$3M |
| TLN Talen Energy Corporation | +$2M |
| CLSK CleanSpark, Inc.new | +$2M |
| COMP Compass, Inc.new | +$2M |
| WULF TeraWulf Inc. | +$2M |
| LEN Lennar Corporationnew | +$2M |
| BLDR Builders FirstSource, Inc.new | +$2M |
| SBLK Star Bulk Carriers Corp. | +$2M |
Top sells this quarter · 15
| INSW International Seaways, Inc. | −$7M |
| GNK Genco Shipping & Trading Limit | −$4M |
| HUT.TO Hut 8 Mining Corp. | −$4M |
| CENX Century Aluminum Company | −$4M |
| TDW Tidewater Inc. | −$5M |
| NMM Navios Maritime Partners L.P. | −$3M |
| HAFN Hafnia Limited | −$2M |
| FRO Frontline Ltd. | −$2M |
| HCC Warrior Met Coal, Inc. | −$2M |
| DHT DHT Holdings, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $150M | 63 | +18.66% | -4.37% | +23.03% | -0.00B |
| 2025-12-31 | $131M | 56 | — | — | — | — |