Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.67%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.21%
steady accumulation
Rally response
-2.88%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AFOSARS Focused Opportunity | $204M | 10.6% | — | 1.0 yr |
| NEMNewmont Corporation | $86M | 4.5% | +127.1% | 4.3 yr |
| AAPLApple Inc. | $85M | 4.4% | +14.7% | 9.5 yr |
| LRCXLam Research Corporation | $82M | 4.3% | +196.1% | 1.5 yr |
| GOOGLAlphabet Inc. | $79M | 4.1% | — | 10.3 yr |
| MUMicron Technology, Inc. | $78M | 4.0% | +289.6% | 9.5 yr |
| ACEPARS Core Equity Portfoli | $73M | 3.8% | — | 0.5 yr |
| FCXFreeport-McMoRan Inc. | $63M | 3.3% | +57.4% | 5.0 yr |
| GEVGE Vernova Inc. | $55M | 2.9% | +186.8% | 2.0 yr |
| NVDANVIDIA Corporation | $52M | 2.7% | +60.9% | 7.0 yr |
| WDCWestern Digital Corporat | $52M | 2.7% | +571.9% | 3.5 yr |
| — | $48M | 2.5% | — | 6.5 yr |
| CRH.LCRH plc | $46M | 2.4% | — | 2.5 yr |
| RTXRTX Corporation | $45M | 2.4% | +48.1% | 6.0 yr |
| BXBlackstone Inc. | $44M | 2.3% | -14.9% | 6.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management22.5%+13.0pp$432M
Semiconductors13.9%-0.4pp$266M
Aerospace & Defense6.9%-2.1pp$133M
Internet Content & Information4.5%-1.1pp$87M
Gold4.5%$86M
Consumer Electronics4.4%-4.2pp$85M
Computer Hardware4.3%+3.1pp$83M
Copper3.3%+0.4pp$63M
Unknown3.3%-4.0pp$63M
Renewable Utilities2.9%-0.4pp$55M
Country
US90.0%+3.4pp
IE3.8%-0.4pp
Unknown3.3%-4.0pp
SG1.2%+0.6pp
BM0.9%+0.0pp
CA0.5%+0.2pp
DK0.3%
GB0.0%-0.0pp
Top 5: 27.8% · Top 10: 44.6% · Top 25: 75.6%
Top buys this quarter · 15
| BX Blackstone Inc. | +$16M |
| MPC Marathon Petroleum Corporation | +$16M |
| VST Vistra Corp. | +$14M |
| NVDA NVIDIA Corporation | +$14M |
| AVAV AeroVironment, Inc. | +$11M |
| ETN Eaton Corporation plc | +$11M |
| NEM Newmont Corporation | +$11M |
| MS Morgan Stanley | +$10M |
| PAAS Pan American Silver Corp.new | +$9M |
| FCX Freeport-McMoRan Inc. | +$9M |
Top sells this quarter · 15
| LNG Cheniere Energy, Inc.exit | −$24M |
| GM General Motors Company | −$23M |
| WDC Western Digital Corporation | −$45M |
| STX Seagate Technology Holdings pl | −$17M |
| MU Micron Technology, Inc. | −$77M |
| LRCX Lam Research Corporation | −$75M |
| AQN Algonquin Power & Utilities Coexit | −$5M |
| KTOS Kratos Defense & Security Solu | −$2M |
| AVGO Broadcom Inc. | −$2M |
| GLNG Golar LNG Limited | −$12M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.92B | 182 | +72.70% | +17.59% | +55.11% | +0.06B |
| 2025-12-31 | $1.71B | 196 | +51.35% | +17.72% | +33.63% | +0.05B |
| 2025-09-30 | $1.51B | 203 | +38.17% | +17.52% | +20.65% | -0.14B |
| 2025-06-30 | $1.37B | 184 | +20.45% | +14.94% | +5.51% | +0.05B |
| 2025-03-31 | $1.10B | 173 | +2.68% | +8.30% | -5.62% | +0.04B |
| 2024-12-31 | $1.11B | 174 | +14.39% | +24.89% | -10.50% | -0.01B |
| 2024-09-30 | $1.11B | 168 | +25.27% | +36.04% | -10.76% | +0.02B |
| 2024-06-30 | $1.04B | 161 | +13.19% | +24.49% | -11.30% | +0.03B |
| 2024-03-31 | $993M | 159 | +12.84% | +29.62% | -16.79% | +0.04B |
| 2023-12-31 | $893M | 156 | +18.66% | +26.18% | -7.51% | +0.02B |
| 2023-09-30 | $796M | 151 | +18.46% | +21.57% | -3.11% | -0.01B |
| 2023-06-30 | $845M | 156 | +16.70% | +19.42% | -2.72% | +0.01B |
| 2023-03-31 | $821M | 158 | -12.74% | -7.82% | -4.92% | -0.01B |
| 2022-12-31 | $741M | 147 | -25.69% | -18.17% | -7.52% | -0.05B |
| 2022-09-30 | $718M | 176 | -24.92% | -15.51% | -9.41% | +0.04B |
| 2022-06-30 | $723M | 150 | -19.22% | -10.62% | -8.60% | -0.06B |