Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-34.45%
trims when stocks drop
when a holding falls −10%+
Middle response
-22.03%
baseline attrition
Rally response
+13.62%
adds into rallies
when a holding rises +10%+
Top positions · 19
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CRGYCrescent Energy Company | $40M | 86.0% | +26.2% | 1.5 yr |
| SOCSable Offshore Corp. | $1M | 2.8% | -34.9% | 2.0 yr |
| TGSTransportadora de Gas de | $1M | 1.2% | +35.4% | 0.3 yr |
| XOPState Street SPDR S&P Oi | $1M | 1.2% | — | 0.5 yr |
| SMSM Energy Company | $0M | 1.0% | +8.9% | 0.3 yr |
| YPFYPF Sociedad Anónima | $0M | 1.0% | +31.9% | 0.3 yr |
| GUSHDirexion Daily S&P Oil & | $0M | 0.9% | — | 1.5 yr |
| VISTVista Energy, S.A.B. de | $0M | 0.8% | +62.1% | 0.3 yr |
| EXEExpand Energy Corporatio | $0M | 0.7% | +1.7% | 1.3 yr |
| PRPermian Resources Corpor | $0M | 0.7% | +60.4% | 2.8 yr |
| XLEState Street Energy Sele | $0M | 0.7% | — | 0.3 yr |
| EQTEQT Corporation | $0M | 0.6% | +20.5% | 2.3 yr |
| DVNDevon Energy Corporation | $0M | 0.5% | +38.1% | 0.3 yr |
| ARAntero Resources Corpora | $0M | 0.5% | +4.9% | 0.8 yr |
| MURMurphy Oil Corporation | $0M | 0.4% | +52.7% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production91.8%+51.8pp$43M
Oil & Gas Drilling3.0%-8.1pp$1M
Oil & Gas Integrated2.2%$1M
Asset Management1.8%$1M
Asset Management - Leveraged0.9%$0M
Chemicals - Specialty0.2%$0M
Country
US96.8%+10.4pp
AR2.2%
MX0.8%
CA0.2%
Top 5: 92.1% · Top 10: 96.2% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| EQT | $1M | +0.00B | 20.5% |
| FANG | $1M | +0.00B | 27.1% |
| CRGY | $0M | +0.00B | 26.2% |
| EXE | $1M | +0.00B | 1.7% |
| SOC | $1M | -0.00B | -34.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SOC | $1M | -0.00B | -34.9% |
Top buys this quarter · 12
| GUSH Direxion Daily S&P Oil & Gas E | +$0M |
| XLE State Street Energy Select Secnew | +$0M |
| CRGY Crescent Energy Company | +$11M |
| TGS Transportadora de Gas del Sur new | +$1M |
| SM SM Energy Companynew | +$0M |
| YPF YPF Sociedad Anónimanew | +$0M |
| VIST Vista Energy, S.A.B. de C.V.new | +$0M |
| DVN Devon Energy Corporationnew | +$0M |
| WLK Westlake Corporationnew | +$0M |
| PTEN Patterson-UTI Energy, Inc.new | +$0M |
Top sells this quarter · 9
| XOP State Street SPDR S&P Oil & Ga | −$0M |
| EQT EQT Corporation | −$1M |
| EXE Expand Energy Corporation | −$0M |
| FANG Diamondback Energy, Inc. | −$0M |
| AR Antero Resources Corporation | −$0M |
| CEG Constellation Energy Corporatiexit | −$0M |
| CRK Comstock Resources, Inc.exit | −$0M |
| VST Vistra Corp.exit | −$0M |
| MUR Murphy Oil Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $47M | 19 | +50.00% | +17.59% | +32.40% | +0.01B |
| 2025-12-31 | $26M | 10 | -9.44% | +17.72% | -27.16% | +0.02B |
| 2025-09-30 | $5M | 9 | +6.55% | +17.52% | -10.97% | +0.00B |
| 2025-06-30 | $4M | 7 | +0.31% | +14.94% | -14.63% | -0.00B |
| 2025-03-31 | $7M | 13 | -23.52% | +8.30% | -31.83% | +0.00B |
| 2024-12-31 | $7M | 20 | -23.04% | +24.89% | -47.93% | +0.00B |
| 2024-09-30 | $5M | 19 | -34.17% | +36.04% | -70.20% | -0.08B |
| 2024-06-30 | $91M | 28 | -17.49% | +24.49% | -41.98% | +0.08B |
| 2024-03-31 | $9M | 26 | -6.10% | +10.39% | -16.49% | +0.00B |
| 2023-12-31 | $5M | 14 | -4.66% | +11.64% | -16.30% | -0.00B |
| 2023-09-30 | $8M | 9 | +14.39% | -3.22% | +17.62% | +0.00B |
| 2023-06-30 | $6M | 10 | — | — | — | — |