Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.86%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.98%
baseline attrition
Rally response
+12.35%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLDMSPDR Gold MiniShares Tru | $14M | 9.4% | — | 0.5 yr |
| RGLDRoyal Gold, Inc. | $12M | 7.8% | — | 0.5 yr |
| SLViShares Silver Trust | $10M | 6.3% | — | 0.5 yr |
| COPConocoPhillips | $6M | 4.2% | — | 0.5 yr |
| RRCRange Resources Corporat | $6M | 4.2% | — | 0.5 yr |
| AEMAgnico Eagle Mines Limit | $6M | 4.1% | — | 0.5 yr |
| FNVFranco-Nevada Corporatio | $6M | 3.7% | — | 0.5 yr |
| GLDSPDR Gold Shares | $5M | 3.3% | — | 0.5 yr |
| TFPM.TOTriple Flag Precious Met | $5M | 3.2% | — | 0.5 yr |
| AGIAlamos Gold Inc. | $4M | 2.9% | — | 0.5 yr |
| WPMWheaton Precious Metals | $4M | 2.6% | — | 0.5 yr |
| BBarrick Mining Corporati | $4M | 2.5% | — | 0.5 yr |
| CVXChevron Corporation | $4M | 2.5% | — | 0.5 yr |
| EQTEQT Corporation | $4M | 2.4% | — | 0.5 yr |
| SILJAmplify Junior Silver Mi | $4M | 2.4% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Gold31.8%$48M
Asset Management23.8%$36M
Oil & Gas Exploration & Production18.9%$29M
Other Precious Metals6.1%$9M
Oil & Gas Integrated4.7%$7M
Oil & Gas Midstream3.9%$6M
Agricultural Inputs2.2%$3M
Silver2.0%$3M
Software - Infrastructure1.8%$3M
Copper1.4%$2M
Country
US64.8%
CA32.9%
AU1.7%
GB0.5%
Unknown0.1%
Top 5: 32.0% · Top 10: 49.2% · Top 25: 83.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| ORCL Oracle Corporationnew | +$12M |
| IAUX i-80 Gold Corp.new | +$4M |
| RRC Range Resources Corporation | +$2M |
| COP ConocoPhillips | +$2M |
| REPX Riley Exploration Permian, Inc | +$2M |
| EQT EQT Corporation | +$2M |
| XOM Exxon Mobil Corporation | +$2M |
| CNQ Canadian Natural Resources Limnew | +$1M |
| CVX Chevron Corporation | +$1M |
| CRGY Crescent Energy Company | +$1M |
Top sells this quarter · 15
| DVN Devon Energy Corporationexit | −$2M |
| TFPM.TO Triple Flag Precious Metals Co | −$2M |
| AEM Agnico Eagle Mines Limited | −$1M |
| BTG B2Gold Corp. | −$1M |
| WPM Wheaton Precious Metals Corp. | −$0M |
| NEM Newmont Corporation | −$0M |
| PAAS Pan American Silver Corp. | −$0M |
| MTA Metalla Royalty & Streaming Lt | −$0M |
| CLIP Global X - 1-3 Month T-Bill ET | −$0M |
| IAU iShares Gold Trust | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $151M | 43 | +13.07% | -4.37% | +17.44% | +0.00B |
| 2025-12-31 | $131M | 40 | — | — | — | — |