Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.45%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.03%
baseline attrition
Rally response
-2.27%
trims into rallies
when a holding rises +10%+
Top positions · 15
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PRPermian Resources Corpor | $161M | 68.1% | +60.4% | 2.5 yr |
| TLNTalen Energy Corporation | $15M | 6.2% | +59.9% | 1.8 yr |
| OXY-WTOccidental Petroleum Cor | $10M | 4.4% | — | 3.5 yr |
| CORZCore Scientific, Inc. | $9M | 3.8% | +106.6% | 1.0 yr |
| CHRDChord Energy Corporation | $7M | 2.9% | +32.8% | 3.5 yr |
| EQTEQT Corporation | $6M | 2.4% | +20.5% | 0.3 yr |
| PPTAPerpetua Resources Corp. | $5M | 2.0% | +163.0% | 0.3 yr |
| PSIXPower Solutions Internat | $5M | 2.0% | +140.8% | 0.3 yr |
| EXEExpand Energy Corporatio | $4M | 1.6% | +1.7% | 2.5 yr |
| LBRTLiberty Energy Inc. | $3M | 1.3% | +86.0% | 0.3 yr |
| RIOTRiot Platforms, Inc. | $3M | 1.2% | +73.6% | 0.8 yr |
| MTDRMatador Resources Compan | $3M | 1.2% | +27.6% | 0.3 yr |
| APAAPA Corporation | $3M | 1.1% | +112.3% | 0.3 yr |
| TALOTalos Energy Inc. | $2M | 1.0% | +62.1% | 0.3 yr |
| PUMPProPetro Holding Corp. | $2M | 0.9% | +96.1% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production82.6%+9.9pp$195M
Independent Power Producers6.2%-11.9pp$15M
Software - Infrastructure3.8%$9M
Oil & Gas Equipment & Services2.2%$5M
Other Precious Metals2.0%$5M
Industrial - Machinery2.0%$5M
Financial - Capital Markets1.2%$3M
Country
US100.0%+2.1pp
Top 5: 85.3% · Top 10: 94.7% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 10
| CORZ Core Scientific, Inc. | +$6M |
| EQT EQT Corporationnew | +$6M |
| PPTA Perpetua Resources Corp.new | +$5M |
| PSIX Power Solutions International,new | +$5M |
| LBRT Liberty Energy Inc.new | +$3M |
| MTDR Matador Resources Companynew | +$3M |
| APA APA Corporationnew | +$3M |
| TALO Talos Energy Inc.new | +$2M |
| PUMP ProPetro Holding Corp.new | +$2M |
| OXY-WT Occidental Petroleum Corporati | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $236M | 15 | +63.81% | +17.59% | +46.22% | -0.01B |
| 2025-12-31 | $178M | 7 | +17.28% | +17.72% | -0.44% | -0.01B |
| 2025-09-30 | $186M | 8 | +24.50% | +17.52% | +6.98% | -0.02B |
| 2025-06-30 | $189M | 7 | +6.40% | +14.94% | -8.54% | -0.01B |
| 2025-03-31 | $183M | 9 | -9.59% | +8.30% | -17.90% | -0.02B |
| 2024-12-31 | $212M | 14 | +19.95% | +24.89% | -4.94% | +0.01B |
| 2024-09-30 | $186M | 11 | +8.56% | +36.04% | -27.48% | +0.02B |
| 2024-06-30 | $184M | 10 | +25.97% | +24.49% | +1.48% | +0.01B |
| 2024-03-31 | $187M | 8 | +54.29% | +29.62% | +24.67% | -0.00B |
| 2023-12-31 | $149M | 8 | +14.34% | +26.18% | -11.84% | -0.01B |
| 2023-09-30 | $157M | 9 | +6.74% | -3.22% | +9.96% | +0.03B |
| 2023-06-30 | $123M | 9 | +14.45% | +8.68% | +5.77% | -0.00B |
| 2023-03-31 | $110M | 10 | -4.48% | +7.46% | -11.93% | -0.00B |
| 2022-12-31 | $118M | 8 | — | — | — | — |