Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+15.84%
adds when stocks drop
when a holding falls −10%+
Middle response
-7.30%
baseline attrition
Rally response
-53.52%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $202M | 6.9% | — | 1.3 yr |
| — | $175M | 6.0% | — | 1.0 yr |
| — | $132M | 4.5% | — | 2.0 yr |
| — | $118M | 4.0% | — | 5.0 yr |
| — | $117M | 4.0% | — | 1.5 yr |
| PPLCPPL Corporation Corporat | $91M | 3.1% | — | 0.3 yr |
| — | $89M | 3.0% | — | 1.8 yr |
| — | $88M | 3.0% | — | 2.3 yr |
| BAC-PLBank of America Corporat | $86M | 2.9% | — | 10.5 yr |
| — | $78M | 2.7% | — | 1.3 yr |
| — | $77M | 2.6% | — | 3.3 yr |
| — | $75M | 2.6% | — | 0.3 yr |
| — | $69M | 2.4% | — | 2.0 yr |
| — | $67M | 2.3% | — | 2.3 yr |
| — | $67M | 2.3% | — | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Unknown90.0%-9.9pp$2.63B
Regulated Electric4.1%+4.1pp$119M
Banks - Diversified3.0%+2.9pp$87M
Oil & Gas Midstream2.1%+2.1pp$61M
REIT - Specialty0.6%+0.6pp$18M
Aerospace & Defense0.3%$8M
Country
Unknown90.0%-9.9pp
US10.0%+9.9pp
Top 5: 25.4% · Top 10: 40.2% · Top 25: 71.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.93B | 65 | +3.91% | -4.37% | +8.28% | -1.18B |
| 2025-12-31 | $3.95B | 72 | -19.56% | +2.66% | -22.23% | +0.30B |
| 2025-09-30 | $4.53B | 83 | — | — | — | +0.26B |
| 2025-06-30 | $4.27B | 96 | — | — | — | -501.81B |
| 2025-03-31 | $506.08B | 82 | — | — | — | +502.39B |
| 2024-12-31 | $3.69B | 86 | — | — | — | -0.06B |
| 2024-09-30 | $3.74B | 95 | +39.30% | +36.04% | +3.27% | -400.67B |
| 2024-06-30 | $367.38B | 89 | +11.51% | +4.38% | +7.14% | +134.01B |
| 2024-03-31 | $209.27B | 84 | +6.17% | +10.39% | -4.22% | -238.32B |
| 2023-12-31 | $421.56B | 97 | +6.88% | +11.64% | -4.76% | -271.17B |
| 2023-09-30 | $648.14B | 89 | — | — | — | +131.75B |
| 2023-06-30 | $516.38B | 87 | — | — | — | +274.06B |
| 2023-03-31 | $242.32B | 91 | -12.91% | -7.82% | -5.09% | -211.59B |
| 2022-12-31 | $464.82B | 103 | +4.54% | +7.56% | -3.02% | +461.71B |
| 2022-09-30 | $2.98B | 109 | -1.51% | -4.93% | +3.42% | -0.21B |
| 2022-06-30 | $3.24B | 111 | -13.38% | -16.11% | +2.73% | +0.33B |