Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.69%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.54%
baseline attrition
Rally response
-10.30%
trims into rallies
when a holding rises +10%+
Top positions · 15
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SATSEchoStar Corporation | $49M | 24.8% | +357.7% | 2.5 yr |
| AMZNAmazon.com, Inc. | $25M | 12.7% | +9.5% | 2.5 yr |
| MSFTMicrosoft Corporation | $25M | 12.6% | -0.6% | 2.5 yr |
| ASMLASML Holding N.V. | $16M | 8.0% | +100.9% | 2.3 yr |
| QXOQXO, Inc. | $15M | 7.8% | +43.4% | 1.0 yr |
| VMIValmont Industries, Inc. | $13M | 6.6% | +40.8% | 0.5 yr |
| FLSFlowserve Corporation | $9M | 4.6% | +52.2% | 0.3 yr |
| ARAntero Resources Corpora | $9M | 4.6% | +4.9% | 2.5 yr |
| EXEExpand Energy Corporatio | $8M | 3.8% | +1.7% | 1.5 yr |
| TDGTransDigm Group Incorpor | $7M | 3.6% | -10.5% | 2.3 yr |
| GNRCGenerac Holdings Inc. | $6M | 3.1% | +54.2% | 0.3 yr |
| GOOGLAlphabet Inc. | $6M | 2.9% | — | 2.5 yr |
| AIRJAirJoule Technologies Co | $5M | 2.8% | -45.6% | 0.3 yr |
| VRTVertiv Holdings Co | $3M | 1.4% | +247.5% | 1.3 yr |
| — | $1M | 0.7% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Communication Equipment24.8%-1.9pp$49M
Specialty Retail12.7%+0.3pp$25M
Software - Infrastructure12.6%+0.8pp$25M
Industrial - Machinery10.5%$21M
Oil & Gas Exploration & Production8.4%-6.0pp$17M
Semiconductors8.0%-0.6pp$16M
Industrial - Distribution7.8%$15M
Conglomerates6.6%$13M
Aerospace & Defense3.6%-3.5pp$7M
Internet Content & Information2.9%-2.3pp$6M
Country
US91.3%+5.9pp
NL8.0%-0.6pp
Unknown0.7%-5.3pp
Top 5: 65.9% · Top 10: 89.1% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $199M | 15 | +102.64% | +17.59% | +85.05% | +0.01B |
| 2025-12-31 | $189M | 13 | +101.28% | +17.72% | +83.56% | +0.00B |
| 2025-09-30 | $159M | 12 | +70.93% | +17.52% | +53.41% | -0.03B |
| 2025-06-30 | $130M | 12 | +32.75% | +14.94% | +17.81% | -0.02B |
| 2025-03-31 | $129M | 11 | +24.50% | +8.30% | +16.20% | -0.00B |
| 2024-12-31 | $130M | 10 | +31.07% | +24.89% | +6.18% | -0.00B |
| 2024-09-30 | $135M | 9 | +11.77% | +5.75% | +6.02% | -0.02B |
| 2024-06-30 | $137M | 9 | +10.57% | +4.38% | +6.19% | -0.01B |
| 2024-03-31 | $133M | 10 | +6.21% | +10.39% | -4.18% | +0.02B |
| 2023-12-31 | $105M | 7 | — | — | — | — |