Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+14.12%
adds when stocks drop
when a holding falls −10%+
Middle response
+7.21%
steady accumulation
Rally response
+17.09%
adds into rallies
when a holding rises +10%+
Top positions · 6
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SHELShell plc | $395M | 39.5% | +32.0% | 1.3 yr |
| AERAerCap Holdings N.V. | $338M | 33.9% | +35.6% | 1.3 yr |
| CHKPCheck Point Software Tec | $180M | 18.0% | -37.3% | 1.3 yr |
| — | $50M | 5.0% | — | 1.3 yr |
| — | $35M | 3.5% | — | 0.8 yr |
| SUNBSunbelt Rentals Holdings | $1M | 0.1% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Integrated39.5%+23.1pp$395M
Rental & Leasing Services33.9%+27.4pp$338M
Software - Infrastructure18.0%+1.0pp$180M
Unknown8.5%-44.9pp$85M
Financial - Credit Services0.1%$1M
Country
GB39.5%+23.1pp
IE33.9%+20.7pp
IL18.0%+1.0pp
Unknown8.5%-44.9pp
US0.1%
Top 5: 99.9% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CHKP | $242M | -0.09B | -37.3% |
Top buys this quarter · 2
| SUNB Sunbelt Rentals Holdings Incnew | +$1M |
| — | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1000M | 6 | +2.27% | +17.59% | -15.32% | -0.30B |
| 2025-12-31 | $1.34B | 6 | +4.63% | +2.66% | +1.97% | -1.47B |
| 2025-09-30 | $2.68B | 8 | +3.05% | +8.12% | -5.07% | +0.68B |
| 2025-06-30 | $1.94B | 6 | -2.50% | +10.78% | -13.28% | +0.55B |
| 2025-03-31 | $1.42B | 6 | — | — | — | — |