Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
—
—
when a holding falls −10%+
Middle response
+1.09%
steady accumulation
Rally response
—
—
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $11M | 2.8% | — | 0.3 yr |
| — | $11M | 2.6% | — | 0.3 yr |
| — | $10M | 2.3% | — | 0.5 yr |
| EVOXEvolution Global Acquisi | $8M | 1.9% | — | 0.5 yr |
| — | $8M | 1.8% | — | 0.5 yr |
| XSLLUXsolla SPAC 1 Units | $7M | 1.8% | — | 0.3 yr |
| — | $7M | 1.7% | — | 0.3 yr |
| SBXESilverBox Corp V | $6M | 1.4% | — | 0.3 yr |
| — | $6M | 1.4% | — | 0.3 yr |
| ANSCAgriculture & Natural So | $6M | 1.4% | — | 0.5 yr |
| SVIVUSpring Valley Acquisitio | $5M | 1.3% | — | 0.3 yr |
| CCXIUChurchill Capital Corp X | $5M | 1.3% | — | 0.5 yr |
| FGIIUFG Imperii Acquisition C | $5M | 1.2% | — | 0.3 yr |
| VACIViking Acquisition Corp. | $5M | 1.2% | — | 0.5 yr |
| TACOBerto Acquisition Corp. | $5M | 1.2% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Unknown45.0%$184M
Shell Companies30.9%$126M
Financial - Conglomerates15.3%$62M
Asset Management7.0%$29M
Banks1.0%$4M
Financial - Credit Services0.6%$2M
Uranium0.3%$1M
Asset Management - Cryptocurrency0.0%$0M
Country
Unknown45.0%
US44.8%
KY5.8%
FR0.8%
TW0.7%
GB0.6%
KR0.6%
AE0.5%
Top 5: 11.5% · Top 10: 19.1% · Top 25: 36.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| NWAX New America Acquisition I Corpnew | +$4M |
| SVAQ Silicon Valley Acquisition Cornew | +$4M |
| ALUB Alussa Energy Acquisition Corpnew | +$4M |
| CRAN Crane Harbor Acquisition Corp.new | +$3M |
| ITHA ITHAX Acquisition Corp III Clanew | +$3M |
| DSAC Daedalus Special Acquisition Cnew | +$2M |
| IRAB Iris Acquisition Corp IInew | +$2M |
| MEVO M Evo Global Acquisition Corp new | +$2M |
| MMTX Miluna Acquisition Corp Class | +$2M |
| BLRK Bluerock Acquisition Corp. Clanew | +$1M |
Top sells this quarter · 15
| CGCT Cartesian Growth Corporation Iexit | −$2M |
| CCIX Churchill Capital Corp IX Ordiexit | −$0M |
| NAMM Namib Minerals Ordinary Sharesexit | −$0M |
| BRR ProCap Financial, Inc.exit | −$0M |
| GTEN Gores Holdings X, Inc. | −$0M |
| HVMC Highview Merger Corp. Class A | −$4M |
| NWAX-UN New America Acquisition I Corp | −$0M |
| — | −$9M |
| — | −$0M |
| — | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $409M | 271 | +0.58% | -4.37% | +4.95% | +0.14B |
| 2025-12-31 | $266M | 175 | — | — | — | — |