Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.38%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
-4.02%
trims into rallies
when a holding rises +10%+
Top positions · 20
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| XRPNArmada Acquisition Corp. | $60M | 67.9% | — | 0.5 yr |
| PURRHyperliquid Strategies I | $6M | 7.1% | — | 0.5 yr |
| — | $3M | 3.4% | — | 0.5 yr |
| UPXIUpexi, Inc. | $3M | 3.1% | — | 0.5 yr |
| BRRProCap Financial, Inc. | $3M | 3.0% | — | 0.5 yr |
| BILState Street SPDR Bloomb | $2M | 2.4% | — | 0.3 yr |
| — | $2M | 2.3% | — | 0.5 yr |
| STSSSharps Technology, Inc. | $2M | 2.0% | — | 0.5 yr |
| EWYiShares MSCI South Korea | $2M | 1.8% | — | 0.3 yr |
| HSDTSolana Company | $1M | 1.3% | — | 0.5 yr |
| BNCCEA Industries Inc. Comm | $1M | 1.1% | — | 0.5 yr |
| TONXTON Strategy Co. | $1M | 1.1% | — | 0.5 yr |
| BREABrera Holdings PLC Class | $1M | 1.0% | — | 0.5 yr |
| DBAInvesco DB Agriculture F | $1M | 0.8% | — | 0.3 yr |
| NAKANakamoto Inc. | $1M | 0.7% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Shell Companies67.9%$60M
Agricultural Inputs7.1%$6M
Asset Management6.4%$6M
Unknown5.9%$5M
Internet Content & Information3.1%$3M
Asset Management - Cryptocurrency3.0%$3M
Medical - Instruments & Supplies2.0%$2M
Medical - Devices1.3%$1M
Engineering & Construction1.1%$1M
Entertainment1.0%$1M
Country
US93.1%
Unknown5.9%
IE1.0%
Top 5: 84.4% · Top 10: 94.2% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 6
| DBA Invesco DB Agriculture Fundnew | +$0M |
| EWY iShares MSCI South Korea ETFnew | +$0M |
| ETHA iShares Ethereum Trust ETFnew | +$0M |
| BIL State Street SPDR Bloomberg 1-new | +$0M |
| GLXY Galaxy Digitalnew | +$0M |
| STSS Sharps Technology, Inc. | +$2M |
Top sells this quarter · 1
| PURR Hyperliquid Strategies Inc Com | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $88M | 20 | -15.36% | -4.37% | -10.99% | +0.01B |
| 2025-12-31 | $91M | 15 | — | — | — | — |