Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.53%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.96%
baseline attrition
Rally response
-23.50%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLDSPDR Gold Shares | $13M | 10.9% | — | 0.5 yr |
| MURMurphy Oil Corporation | $8M | 6.2% | — | 0.5 yr |
| XIFRXPLR Infrastructure, LP | $6M | 5.0% | — | 0.5 yr |
| EICEagle Point Income Compa | $6M | 4.6% | — | 0.5 yr |
| DRVNDriven Brands Holdings I | $5M | 4.4% | — | 0.5 yr |
| EWZiShares MSCI Brazil ETF | $5M | 4.2% | — | 0.5 yr |
| BCEBCE Inc. | $5M | 4.0% | — | 0.5 yr |
| RGLDRoyal Gold, Inc. | $5M | 3.8% | — | 0.5 yr |
| NEMNewmont Corporation | $5M | 3.6% | — | 0.5 yr |
| BBarrick Mining Corporati | $4M | 3.5% | — | 0.5 yr |
| COLDAmericold Realty Trust, | $4M | 3.3% | — | 0.5 yr |
| NXRTNexPoint Residential Tru | $4M | 3.3% | — | 0.3 yr |
| GPRKGeoPark Limited | $3M | 2.7% | — | 0.3 yr |
| ANGIVAngi Inc. Class A Common | $3M | 2.7% | — | 0.5 yr |
| KSPIJoint Stock Company Kasp | $3M | 2.4% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management17.5%$22M
Gold10.9%$14M
Oil & Gas Exploration & Production10.4%$13M
Asset Management - Income8.9%$11M
Biotechnology8.0%$10M
Independent Power Producers5.0%$6M
Auto - Dealerships4.4%$5M
Internet Content & Information4.3%$5M
Telecommunications Services4.0%$5M
REIT - Industrial3.3%$4M
Country
US76.6%
CA9.1%
CO2.7%
KZ2.4%
FR2.3%
Unknown2.3%
NL2.0%
GB1.5%
Top 5: 31.0% · Top 10: 50.1% · Top 25: 84.1%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| NXRT NexPoint Residential Trust, Innew | +$4M |
| GPRK GeoPark Limitednew | +$3M |
| DRVN Driven Brands Holdings Inc. | +$3M |
| EIC Eagle Point Income Company Inc | +$1M |
| B Barrick Mining Corporation | +$1M |
| NOMD Nomad Foods Limitednew | +$1M |
| NEM Newmont Corporation | +$1M |
| XOM Exxon Mobil Corporation | +$0M |
| RGLD Royal Gold, Inc. | +$0M |
| IMSR Terrestrial Energy Inc.new | +$0M |
Top sells this quarter · 15
| LYB LyondellBasell Industries N.V. | −$6M |
| UPS United Parcel Service, Inc.exit | −$3M |
| UNH UnitedHealth Group Incorporateexit | −$3M |
| GPN Global Payments Inc. | −$3M |
| VET Vermilion Energy Inc. | −$2M |
| IAC IAC InterActive Corp. | −$2M |
| MUR Murphy Oil Corporation | −$7M |
| JD JD.com, Inc. | −$1M |
| GPCR Structure Therapeutics Inc. | −$1M |
| GEL Genesis Energy, L.P. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $124M | 62 | +2.02% | -4.37% | +6.39% | -0.01B |
| 2025-12-31 | $135M | 51 | — | — | — | — |