Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+23.16%
adds when stocks drop
when a holding falls −10%+
Middle response
-20.20%
baseline attrition
Rally response
-22.43%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| WULFTeraWulf Inc. | $23M | 17.9% | — | 0.5 yr |
| CLSKCleanSpark, Inc. | $13M | 10.4% | — | 0.3 yr |
| CORZCore Scientific, Inc. | $13M | 10.0% | — | 0.5 yr |
| SATSEchoStar Corporation | $9M | 7.4% | — | 0.5 yr |
| YNDXYandex N.V. | $9M | 7.4% | — | 0.5 yr |
| HUT.TOHut 8 Mining Corp. | $8M | 6.7% | — | 0.5 yr |
| NVRIEnviri Corporation | $8M | 6.5% | — | 0.5 yr |
| COMMCommScope Holding Compan | $7M | 5.7% | — | 0.5 yr |
| CIFRCipher Mining Inc. | $5M | 4.1% | — | 0.3 yr |
| PRCHPorch Group, Inc. | $5M | 3.7% | — | 0.5 yr |
| NRGVEnergy Vault Holdings, I | $5M | 3.6% | — | 0.5 yr |
| ATEXAnterix Inc. | $4M | 3.0% | — | 0.5 yr |
| TDSTelephone and Data Syste | $3M | 2.5% | — | 0.5 yr |
| CBNAChain Bridge Bancorp, In | $3M | 2.1% | — | 0.5 yr |
| RYAMRayonier Advanced Materi | $2M | 1.7% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Financial - Capital Markets29.4%$37M
Communication Equipment13.8%$17M
Software - Infrastructure11.5%$15M
Asset Management - Cryptocurrency10.4%$13M
Internet Content & Information7.4%$9M
Waste Management6.5%$8M
Telecommunications Services5.5%$7M
Software - Application4.2%$5M
Renewable Utilities3.6%$5M
Banks - Regional2.1%$3M
Country
US82.8%
RU7.4%
CA7.0%
Unknown1.6%
GB1.2%
Top 5: 53.1% · Top 10: 79.8% · Top 25: 99.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 9
| CLSK CleanSpark, Inc.new | +$13M |
| CIFR Cipher Mining Inc.new | +$5M |
| NRGV Energy Vault Holdings, Inc. | +$3M |
| RYAM Rayonier Advanced Materials Innew | +$2M |
| PRCH Porch Group, Inc. | +$1M |
| GLXY Galaxy Digitalnew | +$1M |
| CORZ Core Scientific, Inc. | +$1M |
| LE Lands' End, Inc.new | +$1M |
| ONL Orion Properties Inc.new | +$0M |
Top sells this quarter · 15
| SATS EchoStar Corporation | −$8M |
| WULF TeraWulf Inc. | −$6M |
| HUT.TO Hut 8 Mining Corp. | −$5M |
| SEM Select Medical Holdings Corporexit | −$3M |
| KW Kennedy-Wilson Holdings, Inc.exit | −$3M |
| CENX Century Aluminum Companyexit | −$3M |
| ATEX Anterix Inc. | −$3M |
| TALK Talkspace, Inc.exit | −$2M |
| AFBI Affinity Bancshares, Inc.exit | −$1M |
| TRS TriMas Corporationexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $127M | 30 | +6.56% | -4.37% | +10.93% | -0.01B |
| 2025-12-31 | $128M | 39 | — | — | — | — |