Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.36%
trims when stocks drop
when a holding falls −10%+
Middle response
-13.54%
baseline attrition
Rally response
-18.18%
trims into rallies
when a holding rises +10%+
Top positions · 1
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BROSDutch Bros Inc. | $115M | 100.0% | -17.9% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Restaurants100.0%+0.0pp$115M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $115M | 1 | -17.95% | +17.59% | -35.54% | +0.00B |
| 2025-12-31 | $140M | 1 | +16.88% | +17.72% | -0.84% | -0.00B |
| 2025-09-30 | $119M | 1 | +63.41% | +17.52% | +45.89% | -0.00B |
| 2025-06-30 | $160M | 1 | +65.14% | +14.94% | +50.20% | -0.00B |
| 2025-03-31 | $145M | 1 | +87.09% | +8.30% | +78.79% | -0.07B |
| 2024-12-31 | $184M | 1 | +66.23% | +24.89% | +41.35% | -0.68B |
| 2024-09-30 | $526M | 2 | +38.18% | +36.04% | +2.15% | +0.02B |
| 2024-06-30 | $655M | 2 | +47.35% | +24.49% | +22.86% | -1.33B |
| 2024-03-31 | $1.58B | 2 | +6.27% | +29.62% | -23.35% | -0.63B |
| 2023-12-31 | $2.12B | 3 | +12.89% | +26.18% | -13.28% | -0.51B |
| 2023-09-30 | $1.93B | 3 | -22.76% | +21.57% | -44.33% | -0.04B |
| 2023-06-30 | $2.40B | 3 | -8.03% | +19.42% | -27.45% | -0.18B |
| 2023-03-31 | $2.85B | 3 | -40.55% | -7.82% | -32.73% | -0.33B |
| 2022-12-31 | $2.87B | 4 | -7.00% | +7.56% | -14.56% | +0.22B |
| 2022-09-30 | $2.85B | 4 | -1.76% | -4.93% | +3.17% | -0.73B |
| 2022-06-30 | $3.64B | 4 | -41.51% | -16.11% | -25.40% | +0.77B |