Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+21.03%
adds when stocks drop
when a holding falls −10%+
Middle response
+15.13%
steady accumulation
Rally response
-17.34%
trims into rallies
when a holding rises +10%+
Top positions · 9
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VETVermilion Energy Inc. | $43M | 26.2% | +77.8% | 1.5 yr |
| GTE.TOGran Tierra Energy Inc. | $36M | 21.9% | +78.1% | 1.5 yr |
| LUMNLumen Technologies, Inc. | $34M | 20.8% | +77.3% | 1.5 yr |
| TSATTelesat Corporation | $14M | 8.3% | +92.2% | 1.5 yr |
| GTThe Goodyear Tire & Rubb | $14M | 8.2% | -28.2% | 0.8 yr |
| BDNBrandywine Realty Trust | $10M | 6.1% | -33.8% | 0.5 yr |
| ASTLAlgoma Steel Group Inc. | $7M | 4.4% | -23.2% | 1.3 yr |
| GPKGraphic Packaging Holdin | $4M | 2.2% | -60.6% | 0.3 yr |
| CMTGClaros Mortgage Trust, I | $3M | 2.0% | -36.2% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production48.1%+19.1pp$80M
Telecommunications Services20.8%-18.7pp$34M
Communication Equipment8.3%-1.9pp$14M
Auto - Parts8.2%$14M
REIT - Office6.1%$10M
Steel4.4%-0.7pp$7M
Packaging & Containers2.2%$4M
REIT - Mortgage2.0%$3M
Country
CA60.8%+3.4pp
US39.2%-0.3pp
Top 5: 85.3% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| LUMN | $38M | +0.03B | 77.3% |
| VET | $20M | +0.01B | 77.8% |
| GTE.TO | $8M | +0.01B | 78.1% |
| TSAT | $10M | +0.01B | 92.2% |
| ASTL | $5M | -0.00B | -23.2% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ASTL | $5M | -0.00B | -23.2% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $166M | 9 | +94.24% | +17.59% | +76.64% | +0.00B |
| 2025-12-31 | $125M | 10 | +24.46% | +17.72% | +6.74% | -0.02B |
| 2025-09-30 | $126M | 9 | +17.55% | +8.12% | +9.43% | -0.00B |
| 2025-06-30 | $108M | 10 | +8.23% | +10.78% | -2.55% | +0.00B |
| 2025-03-31 | $97M | 9 | -16.14% | -4.27% | -11.88% | +0.01B |
| 2024-12-31 | $106M | 9 | — | — | — | — |