Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.49%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.14%
steady accumulation
Rally response
-9.45%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLNGGolar LNG Limited | $54M | 6.3% | +45.8% | 4.5 yr |
| COMPCompass, Inc. | $50M | 5.8% | -16.3% | 1.3 yr |
| ETEnergy Transfer LP | $44M | 5.1% | +12.1% | 4.5 yr |
| SBLKStar Bulk Carriers Corp. | $43M | 5.0% | +51.7% | 2.8 yr |
| CXWCoreCivic, Inc. | $41M | 4.8% | -6.8% | 1.0 yr |
| VSTVistra Corp. | $37M | 4.3% | +28.7% | 0.5 yr |
| — | $35M | 4.1% | — | 1.8 yr |
| MSFTMicrosoft Corporation | $33M | 3.9% | -0.6% | 0.3 yr |
| PUMPProPetro Holding Corp. | $33M | 3.8% | +96.1% | 1.5 yr |
| ESTCElastic N.V. | $32M | 3.7% | -43.9% | 0.5 yr |
| TDAYUSA TODAY Co., Inc. | $30M | 3.5% | +143.9% | 2.0 yr |
| GEOThe GEO Group, Inc. | $29M | 3.4% | -42.5% | 2.5 yr |
| RKTRocket Companies, Inc. | $29M | 3.3% | +18.1% | 0.8 yr |
| GDSGDS Holdings Limited | $23M | 2.7% | +59.1% | 0.5 yr |
| SOLVSolventum Corporation | $23M | 2.7% | -14.1% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Midstream11.4%-6.9pp$98M
Software - Application9.5%+4.2pp$81M
Unknown9.0%+5.4pp$78M
Independent Power Producers6.8%+1.7pp$59M
Oil & Gas Equipment & Services6.3%+3.5pp$54M
Marine Shipping5.0%+1.9pp$43M
REIT - Specialty4.8%$41M
Software - Infrastructure3.9%-0.4pp$33M
Publishing3.5%+1.3pp$30M
Security & Protection Services3.4%-1.2pp$29M
Country
US71.2%-4.9pp
Unknown9.0%+5.4pp
BM6.3%-5.7pp
GR5.0%+1.9pp
CN2.7%+0.6pp
FI2.3%
AE1.9%
IE1.4%
Top 5: 27.0% · Top 10: 46.7% · Top 25: 86.6%
Top buys this quarter · 15
| MSFT Microsoft Corporationnew | +$33M |
| VST Vistra Corp. | +$22M |
| NINE Nine Energy Service, Inc.new | +$21M |
| NOK Nokia Oyjnew | +$20M |
| BRBR BellRing Brands, Inc.new | +$18M |
| ESTC Elastic N.V. | +$18M |
| KYIV Kyivstar Group Ltd. Common Shanew | +$17M |
| PVH PVH Corp.new | +$15M |
| RKT Rocket Companies, Inc. | +$13M |
| CWH Camping World Holdings, Inc. | +$10M |
Top sells this quarter · 15
| GLNG Golar LNG Limited | −$74M |
| CZR Caesars Entertainment, Inc.exit | −$29M |
| PUMP ProPetro Holding Corp. | −$23M |
| GME GameStop Corp.exit | −$22M |
| RRX Regal Rexnord Corporationexit | −$20M |
| PCG PG&E Corporation | −$16M |
| TDAY USA TODAY Co., Inc. | −$15M |
| BBIO BridgeBio Pharma, Inc.exit | −$15M |
| KRC Kilroy Realty Corporation | −$10M |
| ET Energy Transfer LP | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $858M | 36 | +5.49% | +17.59% | -12.10% | -0.01B |
| 2025-12-31 | $854M | 34 | -5.28% | +17.72% | -22.99% | +0.03B |
| 2025-09-30 | $864M | 38 | +0.52% | +17.52% | -16.99% | +0.01B |
| 2025-06-30 | $794M | 33 | +3.57% | +14.94% | -11.37% | +0.03B |
| 2025-03-31 | $750M | 33 | +4.35% | +8.30% | -3.96% | +0.08B |
| 2024-12-31 | $741M | 30 | +21.25% | +24.89% | -3.64% | +0.01B |
| 2024-09-30 | $722M | 23 | +27.26% | +36.04% | -8.78% | -0.01B |
| 2024-06-30 | $654M | 23 | +21.20% | +24.49% | -3.29% | +0.13B |
| 2024-03-31 | $511M | 24 | +25.97% | +29.62% | -3.65% | -0.01B |
| 2023-12-31 | $495M | 25 | +22.91% | +26.18% | -3.26% | -0.01B |
| 2023-09-30 | $479M | 25 | +24.37% | +21.57% | +2.80% | +0.00B |
| 2023-06-30 | $448M | 24 | +16.53% | +19.42% | -2.89% | -0.06B |
| 2023-03-31 | $479M | 22 | -8.76% | -7.82% | -0.94% | +0.05B |
| 2022-12-31 | $420M | 25 | +7.01% | +7.56% | -0.55% | +0.02B |
| 2022-09-30 | $370M | 23 | -0.56% | -4.93% | +4.37% | +0.02B |
| 2022-06-30 | $348M | 26 | -16.76% | -16.11% | -0.65% | +0.05B |