Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.78%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.19%
steady accumulation
Rally response
+2.61%
adds into rallies
when a holding rises +10%+
Top positions · 22
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JEPIJPMorgan Equity Premium | $23M | 11.1% | — | 2.5 yr |
| TRINTrinity Capital Inc. | $19M | 9.2% | +11.2% | 2.5 yr |
| PFFAVirtus InfraCap U.S. Pre | $16M | 7.6% | — | 1.0 yr |
| GAINIGladstone Investment Cor | $15M | 7.4% | — | 2.3 yr |
| ARCCAres Capital Corporation | $15M | 7.1% | -10.7% | 2.5 yr |
| BCSFBain Capital Specialty F | $14M | 7.0% | -14.3% | 2.5 yr |
| — | $14M | 6.8% | — | 2.3 yr |
| OBDCBlue Owl Capital Corpora | $13M | 6.5% | -17.8% | 2.3 yr |
| YBTCRoundhill Investments - | $13M | 6.1% | — | 1.0 yr |
| HTGCHercules Capital, Inc. | $12M | 5.7% | -14.2% | 2.5 yr |
| CSWCCapital Southwest Corpor | $11M | 5.5% | +11.4% | 2.5 yr |
| TSLXSixth Street Specialty L | $11M | 5.4% | -10.0% | 2.5 yr |
| OHIOmega Healthcare Investo | $11M | 5.2% | +23.0% | 2.3 yr |
| ABRArbor Realty Trust, Inc. | $7M | 3.6% | -25.9% | 2.5 yr |
| SACHSachem Capital Corp. | $3M | 1.4% | +3.0% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management61.3%+9.4pp$127M
Asset Management - Income11.8%-6.5pp$24M
REIT - Mortgage7.9%-2.2pp$16M
Unknown6.8%-0.2pp$14M
Financial - Credit Services6.5%-1.1pp$13M
REIT - Healthcare Facilities5.2%+0.5pp$11M
Oil & Gas Integrated0.3%+0.1pp$1M
Oil & Gas Midstream0.2%-0.0pp$0M
Country
US93.0%-0.1pp
Unknown6.8%-0.2pp
CA0.2%
Top 5: 42.4% · Top 10: 74.5% · Top 25: 100.0%
Top buys this quarter · 13
| PFFA Virtus InfraCap U.S. Preferred | +$16M |
| JEPI JPMorgan Equity Premium Income | +$0M |
| JEPQ JPMorgan Nasdaq Equity Premium | +$0M |
| RITM-PD Rithm Capital Corp. | +$2M |
| — | +$14M |
| YBTC Roundhill Investments - Bitcoi | +$0M |
| TRIN Trinity Capital Inc. | +$2M |
| LFT Lument Finance Trust, Inc. | +$0M |
| BCSF Bain Capital Specialty Finance | +$14M |
| OBDC Blue Owl Capital Corporation | +$13M |
Top sells this quarter · 8
| GAINI Gladstone Investment Corporati | −$0M |
| IBIT iShares Bitcoin Trust ETFexit | −$0M |
| OHI Omega Healthcare Investors, In | −$0M |
| ABR Arbor Realty Trust, Inc. | −$0M |
| TSLX Sixth Street Specialty Lending | −$0M |
| SACH Sachem Capital Corp. | −$0M |
| HTGC Hercules Capital, Inc. | −$0M |
| LOAN Manhattan Bridge Capital, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $207M | 22 | -6.81% | +17.59% | -24.40% | +0.00B |
| 2025-12-31 | $216M | 23 | -0.02% | +17.72% | -17.74% | -0.01B |
| 2025-09-30 | $228M | 23 | +2.86% | +17.52% | -14.66% | +0.01B |
| 2025-06-30 | $209M | 21 | +3.09% | +14.94% | -11.85% | +0.02B |
| 2025-03-31 | $194M | 19 | +6.32% | +8.30% | -1.99% | +0.00B |
| 2024-12-31 | $192M | 19 | +8.23% | +24.89% | -16.66% | -0.00B |
| 2024-09-30 | $193M | 20 | +2.90% | +5.75% | -2.86% | +0.00B |
| 2024-06-30 | $183M | 18 | +2.05% | +4.38% | -2.33% | +0.00B |
| 2024-03-31 | $178M | 18 | +2.82% | +10.39% | -7.57% | -0.02B |
| 2023-12-31 | $190M | 16 | — | — | — | — |