Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.92%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.22%
baseline attrition
Rally response
-18.97%
trims into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| KRMNKarman Holdings Inc. | $78M | 62.6% | +139.5% | 0.8 yr |
| OBDCBlue Owl Capital Corpora | $47M | 37.4% | -17.8% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Aerospace & Defense62.6%$78M
Financial - Credit Services37.4%+24.5pp$47M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
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 | $125M | 2 | +1.55% | +17.59% | -16.04% | -0.00B |
| 2025-12-31 | $124M | 2 | +15.79% | +17.72% | -1.93% | +0.00B |
| 2025-09-30 | $124M | 2 | +7.86% | +17.52% | -9.66% | -0.00B |
| 2025-06-30 | $113M | 2 | +8.48% | +14.94% | -6.46% | -0.34B |
| 2025-03-31 | $480M | 2 | +8.06% | +8.30% | -0.24% | -1.04B |
| 2024-12-31 | $1.32B | 2 | -4.18% | +24.89% | -29.07% | -0.18B |
| 2024-09-30 | $1.66B | 2 | +7.63% | +36.04% | -28.40% | -0.10B |
| 2024-06-30 | $1.58B | 2 | -8.02% | +24.49% | -32.51% | -0.01B |
| 2024-03-31 | $1.71B | 2 | +5.69% | +29.62% | -23.94% | -0.09B |
| 2023-12-31 | $1.76B | 2 | -7.82% | +26.18% | -34.00% | -0.05B |
| 2023-09-30 | $1.78B | 4 | -1.42% | +21.57% | -22.99% | -0.19B |
| 2023-06-30 | $2.07B | 4 | -3.93% | +19.42% | -23.36% | -0.06B |
| 2023-03-31 | $1.99B | 6 | -9.97% | -7.82% | -2.15% | -0.01B |
| 2022-12-31 | $2.25B | 5 | +8.74% | +7.56% | +1.18% | -0.04B |
| 2022-09-30 | $2.11B | 5 | -7.39% | -4.93% | -2.46% | -0.04B |
| 2022-06-30 | $2.32B | 5 | +0.64% | -16.11% | +16.75% | -0.03B |