Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.18%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
-16.61%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FIGRFigure Technology Soluti | $52M | 33.2% | — | 0.8 yr |
| BTGOBitGo Holdings, Inc. | $27M | 17.3% | — | 0.3 yr |
| BMNRBitmine Immersion Techno | $23M | 14.4% | — | 0.8 yr |
| ETHMDynamix Corporation Clas | $17M | 10.6% | — | 0.8 yr |
| PURRHyperliquid Strategies I | $14M | 8.7% | — | 0.5 yr |
| ORBSEightco Holdings Inc. | $10M | 6.6% | — | 0.8 yr |
| HSDTSolana Company | $7M | 4.3% | — | 0.8 yr |
| XXITwenty One Capital Inc | $2M | 1.4% | — | 0.5 yr |
| STSSSharps Technology, Inc. | $2M | 1.2% | — | 0.8 yr |
| — | $1M | 0.8% | — | 0.5 yr |
| SBETSharplink, Inc. | $1M | 0.7% | — | 0.3 yr |
| FWDIForward Industries, Inc. | $1M | 0.6% | — | 0.3 yr |
| AMBRAmber International Hold | $0M | 0.1% | -80.3% | 0.8 yr |
| — | $0M | 0.1% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Financial - Capital Markets65.6%$104M
Financial - Conglomerates12.0%$19M
Agricultural Inputs8.7%$14M
Technology Distributors6.6%$10M
Medical - Devices4.3%$7M
Medical - Instruments & Supplies1.2%$2M
Unknown0.9%$1M
Apparel - Footwear & Accessories0.6%$1M
Real Estate - Development0.1%$0M
Country
US99.0%-1.0pp
Unknown0.9%
SG0.1%
Top 5: 84.2% · Top 10: 98.5% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 4
| BTGO BitGo Holdings, Inc.new | +$27M |
| SBET Sharplink, Inc.new | +$1M |
| FWDI Forward Industries, Inc.new | +$1M |
| ETHM Dynamix Corporation Class A Or | +$0M |
Top sells this quarter · 14
| CEPO Cantor Equity Partners I, Inc.exit | −$16M |
| XRPN Armada Acquisition Corp. IIexit | −$10M |
| MLAC Mountain Lake Acquisition Corpexit | −$8M |
| PURR Hyperliquid Strategies Inc Com | −$7M |
| BMNR Bitmine Immersion Technologies | −$6M |
| ZONE CleanCore Solutions, Inc.exit | −$3M |
| ORBS Eightco Holdings Inc. | −$0M |
| GEMI Gemini Space Station, Inc. Claexit | −$0M |
| TONX TON Strategy Co.exit | −$0M |
| — | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $158M | 14 | -15.64% | -4.37% | -11.27% | -0.04B |
| 2025-12-31 | $229M | 20 | -48.11% | +2.66% | -50.77% | -0.18B |
| 2025-09-30 | $786M | 22 | +2.36% | +8.12% | -5.76% | +0.46B |
| 2025-06-30 | $314M | 6 | — | — | — | +0.17B |
| 2025-03-31 | $148M | 2 | — | — | — | -0.18B |
| 2024-12-31 | $325M | 2 | — | — | — | — |