Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.04%
trims when stocks drop
when a holding falls −10%+
Middle response
+4.95%
steady accumulation
Rally response
-10.22%
trims into rallies
when a holding rises +10%+
Top positions · 17
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BBDBanco Bradesco S.A. | $589M | 43.1% | — | 0.8 yr |
| YPFYPF Sociedad Anónima | $417M | 30.6% | — | 0.8 yr |
| GGALGrupo Financiero Galicia | $111M | 8.1% | — | 0.8 yr |
| GGBGerdau S.A. | $60M | 4.4% | — | 0.8 yr |
| BSBRBanco Santander (Brasil) | $58M | 4.3% | — | 0.8 yr |
| BMABanco Macro S.A. | $41M | 3.0% | — | 0.8 yr |
| SCOProShares - UltraShort B | $28M | 2.1% | — | 0.3 yr |
| BBARBanco BBVA Argentina S.A | $20M | 1.5% | — | 0.8 yr |
| NUNu Holdings Ltd. | $14M | 1.1% | — | 0.3 yr |
| CSANCosan S.A. | $9M | 0.6% | — | 0.8 yr |
| ORMPOramed Pharmaceuticals I | $7M | 0.5% | — | 0.8 yr |
| DRTSAlpha Tau Medical Ltd. | $5M | 0.4% | — | 0.3 yr |
| INVZInnoviz Technologies Ltd | $3M | 0.2% | — | 0.5 yr |
| — | $1M | 0.1% | — | 0.3 yr |
| TGSTransportadora de Gas de | $1M | 0.1% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional59.9%$819M
Oil & Gas Integrated30.6%$418M
Steel4.4%$60M
Asset Management - Leveraged2.1%$28M
Banks - Diversified1.1%$14M
Biotechnology0.9%$12M
Oil & Gas Refining & Marketing0.6%$9M
Auto - Parts0.2%$3M
Unknown0.1%$1M
Regulated Electric0.0%$0M
Country
BR53.5%
AR43.2%
US2.6%
IL0.6%
Unknown0.1%
Top 5: 90.4% · Top 10: 98.7% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 10
| SCO ProShares - UltraShort Bloombenew | +$0M |
| — new | +$0M |
| BBD Banco Bradesco S.A. | +$30M |
| NU Nu Holdings Ltd.new | +$14M |
| GGAL Grupo Financiero Galicia S.A. | +$111M |
| DRTS Alpha Tau Medical Ltd.new | +$5M |
| INVZ Innoviz Technologies Ltd. | +$3M |
| BBAR Banco BBVA Argentina S.A. | +$20M |
| ORMP Oramed Pharmaceuticals Inc. | +$0M |
| BSBR Banco Santander (Brasil) S.A. | +$58M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.37B | 17 | +10.15% | -4.37% | +14.52% | +0.01B |
| 2025-12-31 | $1.23B | 13 | +26.02% | +2.66% | +23.36% | -0.00B |
| 2025-09-30 | $975M | 11 | — | — | — | — |