Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
—
—
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $6M | 5.0% | — | 0.5 yr |
| — | $6M | 5.0% | — | 0.5 yr |
| — | $4M | 2.9% | — | 0.5 yr |
| BLRKBluerock Acquisition Cor | $3M | 2.8% | — | 0.3 yr |
| — | $3M | 2.6% | — | 0.5 yr |
| — | $3M | 2.4% | — | 0.3 yr |
| NMPAUNMP Acquisition Corp. Un | $3M | 2.3% | — | 0.5 yr |
| — | $3M | 2.3% | — | 0.5 yr |
| SVCCStellar V Capital Corp. | $3M | 2.3% | — | 0.5 yr |
| — | $3M | 2.2% | — | 0.3 yr |
| — | $3M | 2.1% | — | 0.5 yr |
| — | $3M | 2.0% | — | 0.3 yr |
| — | $2M | 2.0% | — | 0.3 yr |
| DBCAD. Boral Acquisition I C | $2M | 2.0% | — | 0.3 yr |
| — | $2M | 1.9% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Unknown61.5%$76M
Shell Companies23.2%$29M
Financial - Conglomerates9.6%$12M
Asset Management4.0%$5M
Asset Management - Leveraged1.6%$2M
Entertainment0.1%$0M
Financial - Capital Markets0.0%$0M
Medical - Healthcare Information Services0.0%$0M
Medical - Devices0.0%$0M
Country
Unknown61.5%
US29.6%
KY5.7%
HK0.8%
CN0.8%
MX0.8%
CA0.4%
GB0.3%
Top 5: 18.3% · Top 10: 29.9% · Top 25: 56.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| BLRK Bluerock Acquisition Corp. Clanew | +$3M |
| DBCA D. Boral Acquisition I Corp. Cnew | +$2M |
| SORN Soren Acquisition Corp. Class new | +$1M |
| LPCV Launchpad Cadenza Acquisition new | +$1M |
| IRHO Iron Horse Acquisitions II Cornew | +$1M |
| SCII SC II Acquisition Corp. Class new | +$1M |
| CRAN Crane Harbor Acquisition Corp.new | +$1M |
| ITHA ITHAX Acquisition Corp III Clanew | +$0M |
| MESH Meshflow Acquisition Corp.new | +$0M |
| DSAC Daedalus Special Acquisition Cnew | +$0M |
Top sells this quarter · 15
| NVDA NVIDIA Corporationexit | −$23M |
| YCY AA Mission Acquisition Corp. Iexit | −$5M |
| CISS C3is Inc.exit | −$4M |
| EGO Eldorado Gold Corporationexit | −$1M |
| COLA Columbus Acquisition Corpexit | −$1M |
| CHEC Chenghe Acquisition III Co. Clexit | −$1M |
| LASE Laser Photonics Corporationexit | −$0M |
| GDX VanEck Gold Miners ETF | −$0M |
| — | −$0M |
| ARKK ARK Innovation ETFexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $124M | 112 | -1.58% | -4.37% | +2.79% | -0.03B |
| 2025-12-31 | $153M | 94 | — | — | — | — |