Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+10.05%
adds when stocks drop
when a holding falls −10%+
Middle response
-15.08%
baseline attrition
Rally response
-0.31%
trims into rallies
when a holding rises +10%+
Top positions · 27
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TGTXTG Therapeutics, Inc. | $19M | 12.1% | — | 0.8 yr |
| PGENPrecigen, Inc. | $17M | 10.4% | — | 0.8 yr |
| — | $16M | 10.1% | — | 0.8 yr |
| NESRNational Energy Services | $14M | 9.1% | — | 0.8 yr |
| FOURShift4 Payments, Inc. | $10M | 6.0% | — | 0.8 yr |
| SANMSanmina Corporation | $8M | 5.0% | — | 0.5 yr |
| NXTNextpower Inc. | $7M | 4.6% | — | 0.8 yr |
| LYFTLyft, Inc. | $7M | 4.2% | — | 0.8 yr |
| GELGenesis Energy, L.P. | $6M | 3.7% | — | 0.8 yr |
| AXSMAxsome Therapeutics, Inc | $6M | 3.7% | — | 0.8 yr |
| BMNRBitmine Immersion Techno | $6M | 3.6% | — | 0.8 yr |
| CCOClear Channel Outdoor Ho | $5M | 3.5% | — | 0.8 yr |
| TWLOTwilio Inc. | $5M | 3.4% | — | 0.8 yr |
| FIPFTAI Infrastructure Inc. | $5M | 3.4% | — | 0.8 yr |
| HGVHilton Grand Vacations I | $4M | 2.6% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology30.8%$49M
Unknown10.5%$17M
Software - Infrastructure9.5%$15M
Oil & Gas Equipment & Services9.1%$14M
Hardware, Equipment & Parts5.1%$8M
Consumer Electronics4.6%$7M
Software - Application4.2%$7M
Oil & Gas Midstream3.7%$6M
Financial - Capital Markets3.6%$6M
Advertising Agencies3.5%$5M
Country
US88.6%
Unknown10.5%
IE0.7%
SG0.1%
Top 5: 47.8% · Top 10: 69.0% · Top 25: 99.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| TGTX TG Therapeutics, Inc. | +$6M |
| FOUR Shift4 Payments, Inc. | +$5M |
| SANM Sanmina Corporation | +$5M |
| FIP FTAI Infrastructure Inc. | +$4M |
| WLK Westlake Corporationnew | +$3M |
| PGEN Precigen, Inc. | +$3M |
| BLDR Builders FirstSource, Inc. | +$2M |
| EVER EverQuote, Inc.new | +$1M |
| DOCS Doximity, Inc.new | +$1M |
| NXT Nextpower Inc. | +$1M |
Top sells this quarter · 11
| NESR National Energy Services Reuni | −$8M |
| TALK Talkspace, Inc. | −$5M |
| CCO Clear Channel Outdoor Holdings | −$3M |
| ORBS Eightco Holdings Inc.exit | −$2M |
| TOL Toll Brothers, Inc.exit | −$1M |
| GEL Genesis Energy, L.P. | −$5M |
| AXSM Axsome Therapeutics, Inc. | −$0M |
| SLQT SelectQuote, Inc. | −$0M |
| — | −$13M |
| PWFL PowerFleet, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $158M | 27 | +0.45% | -4.37% | +4.82% | +0.02B |
| 2025-12-31 | $139M | 26 | -9.25% | +2.66% | -11.91% | +0.01B |
| 2025-09-30 | $147M | 25 | — | — | — | — |