Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+82.86%
adds when stocks drop
when a holding falls −10%+
Middle response
+9.43%
steady accumulation
Rally response
-45.78%
trims into rallies
when a holding rises +10%+
Top positions · 29
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $47M | 27.5% | — | 0.5 yr |
| SGMLSigma Lithium Corporatio | $19M | 10.9% | — | 0.5 yr |
| HNRGHallador Energy Company | $11M | 6.2% | — | 0.5 yr |
| HUT.TOHut 8 Mining Corp. | $10M | 6.0% | — | 0.5 yr |
| FLRFluor Corporation | $8M | 4.9% | — | 0.3 yr |
| ATRAptarGroup, Inc. | $7M | 4.3% | — | 0.3 yr |
| NGVTIngevity Corporation | $6M | 3.6% | — | 0.5 yr |
| ECVTEcovyst Inc. | $6M | 3.5% | — | 0.3 yr |
| QQnity Electronics, Inc. | $6M | 3.4% | — | 0.5 yr |
| CCThe Chemours Company | $6M | 3.3% | — | 0.3 yr |
| ASHAshland Inc. | $6M | 3.2% | — | 0.3 yr |
| OIO-I Glass, Inc. | $4M | 2.5% | — | 0.3 yr |
| — | $4M | 2.4% | — | 0.3 yr |
| CLFCleveland-Cliffs Inc. | $4M | 2.4% | — | 0.3 yr |
| DARDarling Ingredients Inc. | $3M | 2.0% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Unknown31.1%$53M
Chemicals - Specialty14.5%$25M
Industrial Materials10.9%$19M
Coal7.2%$12M
Financial - Capital Markets6.0%$10M
Engineering & Construction4.9%$8M
Steel4.7%$8M
Packaging & Containers4.4%$8M
Medical - Instruments & Supplies4.3%$7M
Semiconductors3.4%$6M
Country
US50.5%
Unknown31.1%
BR11.0%
CA7.4%
Top 5: 55.4% · Top 10: 73.5% · Top 25: 98.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| HNRG Hallador Energy Company | +$9M |
| FLR Fluor Corporationnew | +$8M |
| ATR AptarGroup, Inc.new | +$7M |
| ECVT Ecovyst Inc.new | +$6M |
| CC The Chemours Companynew | +$6M |
| ASH Ashland Inc.new | +$6M |
| OI O-I Glass, Inc.new | +$4M |
| CLF Cleveland-Cliffs Inc.new | +$4M |
| PKG Packaging Corporation of Amerinew | +$3M |
| SGML Sigma Lithium Corporation | +$3M |
Top sells this quarter · 15
| CNR Core Natural Resources, Inc.exit | −$9M |
| MEOH Methanex Corporation | −$7M |
| SOLS Solstice Advanced Materials Inexit | −$6M |
| MOS The Mosaic Companyexit | −$6M |
| FCX Freeport-McMoRan Inc.exit | −$5M |
| DD DuPont de Nemours, Inc. | −$5M |
| SLVM Sylvamo Corporationexit | −$3M |
| BA The Boeing Companyexit | −$3M |
| TE T1 Energy Incexit | −$3M |
| Q Qnity Electronics, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $171M | 29 | +7.66% | -4.37% | +12.03% | +0.01B |
| 2025-12-31 | $149M | 33 | — | — | — | — |