Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
—
—
when a holding falls −10%+
Middle response
—
—
Rally response
-78.05%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IWMiShares Russell 2000 ETF | $21M | 20.9% | — | 0.5 yr |
| SPYState Street SPDR S&P 50 | $15M | 14.5% | — | 0.3 yr |
| — | $10M | 10.1% | — | 0.3 yr |
| SNDASonida Senior Living, In | $8M | 8.3% | — | 0.3 yr |
| KFIIUK&F Growth Acquisition C | $8M | 8.0% | — | 0.5 yr |
| — | $4M | 4.3% | — | 0.5 yr |
| FTWPresidio Production Comp | $3M | 2.7% | — | 0.3 yr |
| SAROStandardAero, Inc. | $2M | 2.4% | — | 0.3 yr |
| NRGNRG Energy, Inc. | $2M | 2.2% | — | 0.3 yr |
| — | $2M | 1.7% | — | 0.3 yr |
| XOPState Street SPDR S&P Oi | $1M | 1.4% | — | 0.3 yr |
| — | $1M | 1.3% | — | 0.5 yr |
| VZVerizon Communications I | $1M | 1.2% | — | 0.3 yr |
| EEMiShares MSCI Emerging Ma | $1M | 1.1% | — | 0.3 yr |
| CELHCelsius Holdings, Inc. | $1M | 1.1% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management39.3%$40M
Unknown23.0%$23M
Shell Companies10.7%$11M
Medical - Care Facilities8.3%$8M
Aerospace & Defense3.0%$3M
Beverages - Non-Alcoholic2.6%$3M
Independent Power Producers2.2%$2M
Telecommunications Services1.2%$1M
Gambling, Resorts & Casinos1.0%$1M
Oil & Gas Exploration & Production1.0%$1M
Country
US76.1%
Unknown23.0%
CA0.8%
Top 5: 61.7% · Top 10: 75.1% · Top 25: 90.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF new | +$15M |
| SNDA Sonida Senior Living, Inc.new | +$8M |
| SARO StandardAero, Inc.new | +$2M |
| NRG NRG Energy, Inc.new | +$2M |
| VZ Verizon Communications Inc.new | +$1M |
| CELH Celsius Holdings, Inc.new | +$1M |
| CZR Caesars Entertainment, Inc.new | +$1M |
| YOU Clear Secure, Inc.new | +$1M |
| BANC Banc of California, Inc.new | +$1M |
| NVDA NVIDIA Corporationnew | +$1M |
Top sells this quarter · 15
| AAPL Apple Inc.exit | −$4M |
| TXO TXO Partners, L.P. | −$3M |
| BA The Boeing Companyexit | −$3M |
| TPR Tapestry, Inc.exit | −$3M |
| FLY Firefly Aerospace Inc. | −$2M |
| ARES Ares Management Corporationexit | −$2M |
| WMT Walmart Inc.exit | −$2M |
| SATL Satellogic Inc.exit | −$2M |
| KKR KKR & Co. Inc.exit | −$2M |
| KO The Coca-Cola Companyexit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $101M | 48 | +0.31% | -4.37% | +4.68% | +0.03B |
| 2025-12-31 | $68M | 41 | — | — | — | — |