Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-33.69%
trims when stocks drop
when a holding falls −10%+
Middle response
+24.89%
steady accumulation
Rally response
+3.32%
adds into rallies
when a holding rises +10%+
Top positions · 26
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLNGGolar LNG Limited | $65M | 10.7% | — | 0.5 yr |
| CTRICenturi Holdings, Inc. | $52M | 8.5% | — | 0.5 yr |
| GFLGFL Environmental Inc. | $51M | 8.3% | — | 0.5 yr |
| OROR Royalties Inc. | $49M | 8.1% | — | 0.5 yr |
| — | $43M | 7.0% | — | 0.5 yr |
| JBLJabil Inc. | $43M | 7.0% | — | 0.5 yr |
| AGIAlamos Gold Inc. | $41M | 6.7% | — | 0.5 yr |
| DNOWDnow Inc. | $39M | 6.4% | — | 0.5 yr |
| AEPAmerican Electric Power | $39M | 6.4% | — | 0.5 yr |
| ETREntergy Corporation | $29M | 4.7% | — | 0.5 yr |
| PPLPPL Corporation | $28M | 4.6% | — | 0.5 yr |
| SAROStandardAero, Inc. | $23M | 3.8% | — | 0.5 yr |
| CMSCMS Energy Corporation | $17M | 2.8% | — | 0.5 yr |
| SWXSouthwest Gas Holdings, | $14M | 2.4% | — | 0.5 yr |
| — | $13M | 2.1% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Regulated Electric20.5%$125M
Gold14.8%$90M
Unknown12.1%$74M
Regulated Gas10.8%$66M
Oil & Gas Midstream10.7%$65M
Waste Management8.3%$51M
Oil & Gas Equipment & Services7.5%$46M
Hardware, Equipment & Parts7.0%$43M
Aerospace & Defense3.8%$23M
Shell Companies2.5%$15M
Country
US53.6%
CA23.0%
Unknown11.6%
BM10.7%
KY1.0%
Top 5: 42.5% · Top 10: 73.8% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| OR OR Royalties Inc. | +$23M |
| SARO StandardAero, Inc. | +$18M |
| GFL GFL Environmental Inc. | +$16M |
| AGI Alamos Gold Inc. | +$13M |
| CTRI Centuri Holdings, Inc. | +$12M |
| GLNG Golar LNG Limited | +$10M |
| AEP American Electric Power Compan | +$9M |
| KGS Kodiak Gas Services, Inc.new | +$7M |
| IEAG Infinite Eagle Acquisition Cornew | +$6M |
| SWX Southwest Gas Holdings, Inc. | +$4M |
Top sells this quarter · 12
| CVE Cenovus Energy Inc.exit | −$64M |
| RGLD Royal Gold, Inc.exit | −$29M |
| CGAU Centerra Gold Inc.exit | −$29M |
| EVRG Evergy, Inc. | −$18M |
| FIS Fidelity National Information | −$18M |
| PEG Public Service Enterprise Grouexit | −$17M |
| CMS CMS Energy Corporation | −$5M |
| DNOW Dnow Inc. | −$5M |
| PPL PPL Corporation | −$27M |
| CCXIU Churchill Capital Corp XI Unitexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $611M | 26 | +9.76% | -4.37% | +14.13% | -0.03B |
| 2025-12-31 | $581M | 26 | — | — | — | — |