Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.50%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.84%
baseline attrition
Rally response
-13.63%
trims into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CHWYChewy, Inc. | $4.76B | 80.0% | -16.9% | 1.3 yr |
| GFLGFL Environmental Inc. | $1.19B | 20.0% | -13.5% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Specialty Retail80.0%-3.0pp$4.76B
Waste Management20.0%+3.0pp$1.19B
Country
US80.0%-3.0pp
CA20.0%+3.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $5.96B | 2 | -16.00% | +17.59% | -33.59% | +0.06B |
| 2025-12-31 | $6.99B | 2 | -16.69% | +2.66% | -19.35% | -0.60B |
| 2025-09-30 | $9.10B | 2 | -5.27% | +8.12% | -13.39% | -0.00B |
| 2025-06-30 | $9.61B | 2 | +25.97% | +10.78% | +15.20% | -1.24B |
| 2025-03-31 | $8.61B | 2 | — | — | — | — |