Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-61.86%
trims when stocks drop
when a holding falls −10%+
Middle response
-31.76%
baseline attrition
Rally response
-26.11%
trims into rallies
when a holding rises +10%+
Top positions · 23
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PSLVSprott Physical Silver T | $12M | 28.6% | — | 0.3 yr |
| IWMiShares Russell 2000 ETF | $8M | 17.5% | — | 0.5 yr |
| SPYState Street SPDR S&P 50 | $7M | 15.3% | +17.6% | 2.5 yr |
| AACIArmada Acquisition Corp. | $5M | 12.2% | — | 0.3 yr |
| UNOVInnovator U.S. Equity Ul | $2M | 5.7% | — | 1.0 yr |
| EAElectronic Arts Inc. | $1M | 3.4% | +41.7% | 0.3 yr |
| ACLXArcellx, Inc. | $1M | 3.1% | — | 0.3 yr |
| CCitigroup Inc. | $1M | 2.0% | +63.9% | 0.3 yr |
| BRRProCap Financial, Inc. | $1M | 1.7% | — | 0.5 yr |
| IBMInternational Business M | $1M | 1.6% | -0.1% | 0.5 yr |
| ZIMZIM Integrated Shipping | $1M | 1.4% | +98.9% | 0.3 yr |
| ETEnergy Transfer LP | $1M | 1.3% | +12.1% | 1.3 yr |
| NAPRInnovator Growth-100 Pow | $1M | 1.3% | — | 0.3 yr |
| UPSUnited Parcel Service, I | $1M | 1.3% | -4.4% | 0.3 yr |
| BITOProShares - Bitcoin ETF | $0M | 1.0% | — | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management68.4%+36.0pp$30M
Financial - Conglomerates12.2%$5M
Electronic Gaming & Multimedia3.4%$1M
Biotechnology3.1%$1M
Asset Management - Cryptocurrency2.7%-0.3pp$1M
Banks - Diversified2.0%$1M
Information Technology Services1.6%$1M
Marine Shipping1.4%$1M
Oil & Gas Midstream1.3%+0.4pp$1M
Integrated Freight & Logistics1.3%$1M
Country
US69.0%-31.0pp
CA29.2%
IL1.4%
Unknown0.4%
Top 5: 79.3% · Top 10: 91.1% · Top 25: 100.0%
Top buys this quarter · 15
| AACI Armada Acquisition Corp. IIInew | +$5M |
| EA Electronic Arts Inc.new | +$1M |
| C Citigroup Inc.new | +$1M |
| ZIM ZIM Integrated Shipping Servicnew | +$1M |
| UPS United Parcel Service, Inc.new | +$1M |
| ET Energy Transfer LP | +$0M |
| B Barrick Mining Corporationnew | +$0M |
| PAYO Payoneer Global Inc.new | +$0M |
| IBM International Business Machine | +$0M |
| FUSE Fusemachines Inc.new | +$0M |
Top sells this quarter · 15
| NVDA NVIDIA Corporationexit | −$776M |
| AMZN Amazon.com, Inc.exit | −$182M |
| TSLA Tesla, Inc.exit | −$170M |
| AVGO Broadcom Inc.exit | −$88M |
| AMD Advanced Micro Devices, Inc.exit | −$73M |
| NFLX Netflix, Inc.exit | −$62M |
| PLTR Palantir Technologies Inc.exit | −$51M |
| UNH UnitedHealth Group Incorporateexit | −$50M |
| NAKA Nakamoto Inc. | −$7M |
| MRVL Marvell Technology, Inc.exit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $44M | 23 | -91.73% | +17.59% | -109.32% | -1.48B |
| 2025-12-31 | $1.61B | 20 | -92.24% | +17.72% | -109.96% | +1.56B |
| 2025-09-30 | $65M | 15 | -90.42% | +17.52% | -107.94% | +0.06B |
| 2025-06-30 | $82M | 16 | +15.22% | +14.94% | +0.28% | -0.04B |
| 2025-03-31 | $105M | 11 | +1.47% | +8.30% | -6.84% | -0.96B |
| 2024-12-31 | $1.20B | 10 | +16.49% | +24.89% | -8.40% | +1.10B |
| 2024-09-30 | $98M | 11 | +5.97% | +5.75% | +0.22% | -0.00B |
| 2024-06-30 | $96M | 18 | +4.12% | +4.38% | -0.26% | +0.01B |
| 2024-03-31 | $82M | 5 | +1.95% | +10.39% | -8.44% | -0.14B |
| 2023-12-31 | $214M | 27 | — | — | — | — |