Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.47%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.33%
baseline attrition
Rally response
+0.93%
adds into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NMMNavios Maritime Partners | $313M | 40.5% | +72.8% | 2.5 yr |
| SOCSable Offshore Corp. | $301M | 38.9% | -34.9% | 2.3 yr |
| RIGTransocean Ltd. | $159M | 20.5% | +109.1% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Drilling59.5%-0.3pp$459M
Marine Shipping40.5%+5.3pp$313M
Country
MC40.5%+5.3pp
US38.9%-15.1pp
CH20.5%+9.8pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SOC | $260M | -0.09B | -34.9% |
Top buys this quarter · 0
No buys this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $772M | 3 | +34.60% | +17.59% | +17.01% | -0.05B |
| 2025-12-31 | $540M | 3 | -14.07% | +17.72% | -31.79% | +0.04B |
| 2025-09-30 | $515M | 4 | -27.77% | +17.52% | -45.28% | +0.04B |
| 2025-06-30 | $473M | 4 | -17.56% | +14.94% | -32.50% | -0.01B |
| 2025-03-31 | $530M | 4 | +6.94% | +8.30% | -1.36% | -0.01B |
| 2024-12-31 | $547M | 4 | +53.54% | +24.89% | +28.65% | +0.02B |
| 2024-09-30 | $653M | 5 | +14.82% | +5.75% | +9.06% | +0.07B |
| 2024-06-30 | $507M | 5 | +17.52% | +4.38% | +13.14% | -0.03B |
| 2024-03-31 | $454M | 5 | +40.28% | +10.39% | +29.89% | +0.10B |
| 2023-12-31 | $255M | 3 | — | — | — | — |