Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.81%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.71%
steady accumulation
Rally response
-0.85%
trims into rallies
when a holding rises +10%+
Top positions · 27
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HIIHuntington Ingalls Indus | $44M | 11.8% | +89.7% | 5.5 yr |
| UBERUber Technologies, Inc. | $36M | 9.6% | -1.3% | 5.5 yr |
| MOHMolina Healthcare, Inc. | $31M | 8.4% | -59.5% | 0.8 yr |
| BSMBlack Stone Minerals, L. | $29M | 7.8% | +8.9% | 5.3 yr |
| BTIBritish American Tobacco | $26M | 7.1% | +47.5% | 5.5 yr |
| LBRDKLiberty Broadband Corpor | $24M | 6.4% | — | 3.5 yr |
| TFINTriumph Financial, Inc. | $21M | 5.7% | +3.2% | 3.0 yr |
| EPDEnterprise Products Part | $20M | 5.5% | +18.7% | 5.5 yr |
| PMPhilip Morris Internatio | $20M | 5.4% | +7.9% | 5.5 yr |
| CNQCanadian Natural Resourc | $18M | 4.8% | +66.0% | 2.5 yr |
| NUNu Holdings Ltd. | $15M | 4.2% | +40.3% | 0.8 yr |
| INVXInnovex International, I | $15M | 4.2% | +35.8% | 1.3 yr |
| PHGKoninklijke Philips N.V. | $14M | 3.8% | +11.8% | 1.0 yr |
| BAXBaxter International Inc | $13M | 3.5% | -50.2% | 0.3 yr |
| QCOMQUALCOMM Incorporated | $13M | 3.5% | -14.2% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production12.6%-1.1pp$46M
Tobacco12.5%-5.6pp$46M
Aerospace & Defense11.8%+2.4pp$44M
Software - Application9.6%-2.9pp$36M
Medical - Healthcare Plans8.4%$31M
Telecommunications Services6.4%-5.6pp$24M
Banks - Regional5.7%+3.0pp$21M
Oil & Gas Midstream5.5%-1.9pp$20M
Banks - Diversified4.2%$15M
Oil & Gas Equipment & Services4.2%+1.3pp$15M
Country
US79.8%-6.1pp
GB7.1%-2.9pp
CA5.0%+0.9pp
BR4.2%
NL3.8%
Unknown0.0%
Top 5: 44.8% · Top 10: 72.6% · Top 25: 100.0%
Top buys this quarter · 15
| BAX Baxter International Inc.new | +$13M |
| UBER Uber Technologies, Inc. | +$36M |
| QCOM QUALCOMM Incorporated | +$3M |
| NU Nu Holdings Ltd. | +$15M |
| MOH Molina Healthcare, Inc. | +$31M |
| TFIN Triumph Financial, Inc. | +$21M |
| SPRY ARS Pharmaceuticals, Inc. | +$3M |
| EPD Enterprise Products Partners L | +$0M |
| PHG Koninklijke Philips N.V. | +$0M |
| AMZN Amazon.com, Inc.new | +$0M |
Top sells this quarter · 14
| SOLV Solventum Corporation | −$4M |
| CACI CACI International Inc | −$3M |
| AAPL Apple Inc.exit | −$1M |
| SII Sprott Inc. | −$1M |
| TMO Thermo Fisher Scientific Inc.exit | −$0M |
| BTI British American Tobacco p.l.c | −$26M |
| NVDA NVIDIA Corporation | −$0M |
| PM Philip Morris International In | −$19M |
| HII Huntington Ingalls Industries, | −$39M |
| MCK McKesson Corporation | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $369M | 27 | +16.45% | +17.59% | -1.14% | +0.01B |
| 2025-12-31 | $358M | 26 | +23.00% | +17.72% | +5.29% | +0.01B |
| 2025-09-30 | $336M | 27 | +15.28% | +17.52% | -2.24% | +0.03B |
| 2025-06-30 | $297M | 26 | +15.34% | +14.94% | +0.40% | +0.03B |
| 2025-03-31 | $244M | 23 | +5.59% | +8.30% | -2.72% | +0.00B |
| 2024-12-31 | $229M | 26 | +8.99% | +24.89% | -15.90% | -0.02B |
| 2024-09-30 | $253M | 33 | +27.71% | +36.04% | -8.33% | -0.05B |
| 2024-06-30 | $291M | 33 | +18.02% | +24.49% | -6.47% | +0.01B |
| 2024-03-31 | $289M | 34 | +28.30% | +29.62% | -1.33% | +0.01B |
| 2023-12-31 | $259M | 34 | +16.92% | +26.18% | -9.26% | -0.01B |
| 2023-09-30 | $240M | 33 | +12.03% | +21.57% | -9.54% | -0.02B |
| 2023-06-30 | $275M | 38 | +13.24% | +19.42% | -6.18% | +0.02B |
| 2023-03-31 | $243M | 38 | -1.95% | -7.82% | +5.86% | +0.00B |
| 2022-12-31 | $239M | 42 | +9.34% | +7.56% | +1.77% | +0.01B |
| 2022-09-30 | $213M | 43 | -3.30% | -4.93% | +1.63% | -0.01B |
| 2022-06-30 | $232M | 40 | -7.36% | -16.11% | +8.75% | +0.02B |