Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.31%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.72%
steady accumulation
Rally response
+2.57%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QQQInvesco QQQ Trust, Serie | $737M | 22.1% | — | 1.5 yr |
| MPMP Materials Corp. | $717M | 21.5% | +97.7% | 1.5 yr |
| TECKTeck Resources Limited | $533M | 16.0% | +43.3% | 1.5 yr |
| HBMHudbay Minerals Inc. | $333M | 10.0% | +175.7% | 1.0 yr |
| NXENexGen Energy Ltd. | $106M | 3.2% | +158.4% | 1.0 yr |
| SPMDState Street SPDR Portfo | $84M | 2.5% | — | 1.3 yr |
| AMZNAmazon.com, Inc. | $73M | 2.2% | +9.5% | 0.8 yr |
| AIQGlobal X - Artificial In | $70M | 2.1% | — | 1.5 yr |
| METAMeta Platforms, Inc. | $62M | 1.9% | -0.4% | 0.8 yr |
| MSFTMicrosoft Corporation | $59M | 1.8% | -0.6% | 0.8 yr |
| GOOGLAlphabet Inc. | $58M | 1.7% | — | 0.8 yr |
| FOXFox Corporation | $54M | 1.6% | +1.8% | 1.5 yr |
| ARTYiShares Future AI & Tech | $49M | 1.5% | — | 0.8 yr |
| AVGOBroadcom Inc. | $43M | 1.3% | +86.0% | 0.8 yr |
| NVDANVIDIA Corporation | $40M | 1.2% | +60.9% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Industrial Materials37.5%+19.2pp$1.25B
Asset Management29.9%-27.0pp$996M
Copper10.0%$333M
Internet Content & Information3.7%+3.6pp$123M
Uranium3.2%$106M
Aerospace & Defense2.9%$97M
Semiconductors2.5%$83M
Oil & Gas Exploration & Production2.3%+0.1pp$76M
Software - Infrastructure2.3%$75M
Specialty Retail2.2%+2.1pp$73M
Country
US70.8%-0.9pp
CA29.2%+21.7pp
Top 5: 72.9% · Top 10: 83.3% · Top 25: 97.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MP | $338M | +0.33B | 97.7% |
| TECK | $235M | +0.10B | 43.3% |
| EQT | $32M | +0.01B | 20.5% |
| TSLA | $5M | +0.00B | 43.4% |
| AR | $17M | +0.00B | 4.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 8
| HBM Hudbay Minerals Inc. | +$28M |
| RTX RTX Corporationnew | +$25M |
| NOC Northrop Grumman Corporationnew | +$24M |
| LHX L3Harris Technologies, Inc.new | +$24M |
| LMT Lockheed Martin Corporationnew | +$24M |
| NEM Newmont Corporationnew | +$21M |
| CRWD CrowdStrike Holdings, Inc.new | +$16M |
| FOX Fox Corporation | +$14M |
Top sells this quarter · 1
| SQM Sociedad QuÃmica y Minera de exit | −$49M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.33B | 36 | +71.41% | +17.59% | +53.82% | +0.06B |
| 2025-12-31 | $3.25B | 31 | +96.39% | +17.72% | +78.67% | +0.38B |
| 2025-09-30 | $3.07B | 30 | +48.55% | +8.12% | +40.43% | -1.60B |
| 2025-06-30 | $3.14B | 36 | +22.66% | +10.78% | +11.88% | -0.70B |
| 2025-03-31 | $3.13B | 34 | +15.20% | -4.27% | +19.47% | +1.37B |
| 2024-12-31 | $1.53B | 34 | — | — | — | — |