Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.43%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
-4.33%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $136M | 36.0% | — | 3.0 yr |
| RJETRepublic Airways Holding | $121M | 32.0% | — | 0.5 yr |
| JOBYJoby Aviation, Inc. | $121M | 31.9% | +37.2% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Airlines, Airports & Air Services64.0%+44.0pp$242M
Unknown36.0%-44.0pp$136M
Country
US64.0%+44.0pp
Unknown36.0%-44.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| JOBY | $66M | +0.02B | 37.2% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 1
| JOBY Joby Aviation, Inc. | +$121M |
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $378M | 3 | +72.30% | +17.59% | +54.70% | +0.03B |
| 2025-12-31 | $443M | 3 | +62.36% | +17.72% | +44.64% | -0.10B |
| 2025-09-30 | $663M | 2 | +122.61% | +17.52% | +105.09% | +0.05B |
| 2025-06-30 | $398M | 2 | +126.50% | +14.94% | +111.56% | -0.18B |
| 2025-03-31 | $332M | 2 | +16.48% | +8.30% | +8.18% | -0.06B |
| 2024-12-31 | $524M | 2 | +53.14% | +24.89% | +28.26% | -0.41B |
| 2024-09-30 | $837M | 5 | +49.71% | +36.04% | +13.67% | -0.27B |
| 2024-06-30 | $711M | 5 | -28.05% | +24.49% | -52.54% | -0.18B |
| 2024-03-31 | $994M | 5 | -5.42% | +29.62% | -35.04% | -0.13B |
| 2023-12-31 | $1.15B | 5 | -2.15% | +26.18% | -28.32% | +0.75B |
| 2023-09-30 | $366M | 5 | +2.85% | +21.57% | -18.72% | +0.13B |
| 2023-06-30 | $313M | 5 | +57.00% | +19.42% | +37.58% | -0.04B |
| 2023-03-31 | $299M | 5 | -1.92% | -7.82% | +5.89% | -0.02B |
| 2022-12-31 | $319M | 5 | +15.22% | +7.56% | +7.66% | +0.03B |
| 2022-09-30 | $255M | 4 | +14.20% | -4.93% | +19.13% | -0.06B |
| 2022-06-30 | $274M | 4 | -26.00% | -16.11% | -9.89% | -0.02B |