Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+27.45%
adds when stocks drop
when a holding falls −10%+
Middle response
+24.07%
steady accumulation
Rally response
+24.89%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTIPVanguard Short-Term Infl | $7M | 4.9% | — | 0.5 yr |
| EWWiShares MSCI Mexico ETF | $7M | 4.8% | — | 0.5 yr |
| EMLCVanEck J.P. Morgan EM Lo | $7M | 4.5% | — | 0.3 yr |
| GLDSPDR Gold Shares | $7M | 4.5% | — | 0.5 yr |
| GDXVanEck Gold Miners ETF | $7M | 4.3% | — | 0.5 yr |
| ICLNiShares Global Clean Ene | $6M | 4.0% | — | 0.5 yr |
| BWXSPDR Bloomberg Internati | $6M | 3.8% | — | 0.5 yr |
| XARState Street SPDR S&P Ae | $5M | 3.5% | — | 0.5 yr |
| EWYiShares MSCI South Korea | $5M | 3.0% | — | 0.5 yr |
| MLPAGlobal X - MLP ETF | $4M | 2.5% | — | 0.5 yr |
| GREKGlobal X - MSCI Greece E | $4M | 2.5% | — | 0.5 yr |
| BNDXVanguard Total Internati | $3M | 2.0% | — | 0.5 yr |
| FIXComfort Systems USA, Inc | $3M | 1.8% | — | 0.5 yr |
| GFIGold Fields Limited | $2M | 1.5% | — | 0.5 yr |
| — | $2M | 1.4% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management29.1%$44M
Asset Management - Global8.9%$14M
Asset Management - Bonds5.8%$9M
Asset Management - Leveraged4.9%$7M
Unknown4.9%$7M
Semiconductors4.2%$6M
Gold3.2%$5M
Oil & Gas Exploration & Production2.6%$4M
Banks - Regional2.4%$4M
Telecommunications Services2.4%$4M
Country
US69.6%
BR5.4%
Unknown4.9%
ZA2.5%
GB1.9%
KR1.5%
BM1.5%
NL1.3%
Top 5: 23.0% · Top 10: 39.8% · Top 25: 60.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| APA APA Corporationnew | +$2M |
| PAX Patria Investments Limitednew | +$1M |
| FTI TechnipFMC plcnew | +$1M |
| PSX Phillips 66new | +$1M |
| NE Noble Corporation Plcnew | +$1M |
| SGHC Super Group (SGHC) Limitednew | +$1M |
| PAGS PagSeguro Digital Ltd.new | +$1M |
| DVA DaVita Inc.new | +$1M |
| ITUB Itaú Unibanco Holding S.A.new | +$1M |
| FMX Fomento Económico Mexicano, Snew | +$1M |
Top sells this quarter · 15
| TIGO Millicom International Cellulaexit | −$1M |
| MPWR Monolithic Power Systems, Inc.exit | −$1M |
| CVE Cenovus Energy Inc.exit | −$1M |
| DHT DHT Holdings, Inc.exit | −$1M |
| PSTL Postal Realty Trust, Inc.exit | −$1M |
| BPOP Popular, Inc.exit | −$1M |
| NEM Newmont Corporationexit | −$1M |
| DINO HF Sinclair Corporationexit | −$1M |
| IFS Intercorp Financial Services Iexit | −$1M |
| SD SandRidge Energy, Inc.exit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $152M | 80 | +5.57% | -4.37% | +9.94% | +0.05B |
| 2025-12-31 | $100M | 100 | — | — | — | — |