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
-5.71%
baseline attrition
Rally response
-25.15%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PPLCPPL Corporation Corporat | $78M | 13.6% | — | 0.3 yr |
| SOMNThe Southern Company | $69M | 12.0% | — | 0.5 yr |
| — | $67M | 11.7% | — | 1.3 yr |
| — | $51M | 8.9% | — | 0.5 yr |
| — | $39M | 6.8% | — | 1.3 yr |
| NEENextEra Energy, Inc. | $36M | 6.2% | +34.9% | 0.5 yr |
| — | $29M | 5.0% | — | 0.3 yr |
| — | $23M | 4.0% | — | 1.5 yr |
| — | $16M | 2.9% | — | 0.8 yr |
| ALBAlbemarle Corporation | $16M | 2.7% | +153.7% | 0.8 yr |
| GLDSPDR Gold Shares | $15M | 2.7% | — | 0.3 yr |
| — | $14M | 2.5% | — | 1.5 yr |
| WWayfair Inc. | $14M | 2.4% | +134.8% | 3.0 yr |
| — | $11M | 2.0% | — | 1.3 yr |
| ORCLOracle Corporation | $10M | 1.7% | +5.9% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Unknown46.7%-27.8pp$269M
Regulated Electric33.5%$193M
Asset Management3.4%-2.5pp$19M
Chemicals - Specialty2.7%$16M
Specialty Retail2.4%+0.6pp$14M
Software - Infrastructure2.0%+1.6pp$11M
Internet Content & Information1.9%+1.5pp$11M
Engineering & Construction1.6%+1.1pp$9M
Semiconductors1.4%+0.2pp$8M
Financial - Capital Markets1.0%$6M
Country
US51.3%+27.9pp
Unknown46.7%-27.8pp
AU1.0%+1.0pp
RU0.6%
CN0.4%
Top 5: 53.0% · Top 10: 73.8% · Top 25: 95.1%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| PPLC PPL Corporation Corporate Unitnew | +$77M |
| W Wayfair Inc. | +$12M |
| ORCL Oracle Corporationnew | +$10M |
| RDDT Reddit, Inc.new | +$7M |
| IREN IREN Limitednew | +$6M |
| ALNY Alnylam Pharmaceuticals, Inc. | +$5M |
| ALB Albemarle Corporation | +$4M |
| ON ON Semiconductor Corporation | +$4M |
| PCG PG&E Corporation | +$3M |
| SYNA Synaptics Incorporated | +$1M |
Top sells this quarter · 15
| SOMN The Southern Company | −$23M |
| KKR KKR & Co. Inc.exit | −$11M |
| BA The Boeing Companyexit | −$5M |
| O Realty Income Corporation | −$5M |
| BL BlackLine, Inc.exit | −$2M |
| TTEK Tetra Tech, Inc. | −$2M |
| MCHP Microchip Technology Incorporaexit | −$2M |
| SOFI SoFi Technologies, Inc. | −$1M |
| HPE Hewlett Packard Enterprise Com | −$1M |
| COIN Coinbase Global, Inc.exit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $576M | 39 | +44.33% | +17.59% | +26.74% | +0.22B |
| 2025-12-31 | $351M | 34 | +36.58% | +17.72% | +18.86% | -0.32B |
| 2025-09-30 | $644M | 27 | +25.52% | +17.52% | +8.00% | -0.10B |
| 2025-06-30 | $629M | 36 | +6.96% | +14.94% | -7.98% | -0.00B |
| 2025-03-31 | $549M | 52 | -9.48% | +8.30% | -17.78% | +0.19B |
| 2024-12-31 | $373M | 57 | +0.51% | +24.89% | -24.38% | +0.20B |
| 2024-09-30 | $178M | 75 | +16.75% | +36.04% | -19.29% | +0.05B |
| 2024-06-30 | $128M | 86 | +6.49% | +24.49% | -18.00% | +0.03B |
| 2024-03-31 | $97M | 83 | +14.20% | +29.62% | -15.42% | -0.12B |
| 2023-12-31 | $201M | 117 | +11.54% | +26.18% | -14.64% | -0.23B |
| 2023-09-30 | $386M | 142 | -7.88% | -3.22% | -4.66% | +0.10B |
| 2023-06-30 | $308M | 133 | +4.28% | +8.68% | -4.40% | +0.03B |
| 2023-03-31 | $267M | 104 | +4.84% | +7.46% | -2.62% | +0.07B |
| 2022-12-31 | $184M | 107 | — | — | — | — |