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
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FLGFlagstar Financial, Inc. | $988M | 67.8% | +13.7% | 1.5 yr |
| — | $360M | 24.7% | — | 1.0 yr |
| SATLSatellogic Inc. | $109M | 7.5% | +52.4% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional67.8%-9.6pp$988M
Unknown24.7%+18.4pp$360M
Hardware, Equipment & Parts7.5%$109M
Country
US75.3%-18.4pp
Unknown24.7%+18.4pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| FLG | $871M | +0.12B | 13.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 1
| — exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.46B | 3 | +16.20% | +17.59% | -1.39% | -0.05B |
| 2025-12-31 | $1.35B | 4 | +29.57% | +17.72% | +11.85% | +0.06B |
| 2025-09-30 | $1.22B | 4 | +7.44% | +8.12% | -0.68% | +0.02B |
| 2025-06-30 | $1.11B | 4 | -8.24% | +10.78% | -19.02% | +0.08B |
| 2025-03-31 | $1.13B | 4 | +24.65% | -4.27% | +28.92% | -0.04B |
| 2024-12-31 | $932M | 4 | — | — | — | — |