Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.94%
adds when stocks drop
when a holding falls −10%+
Middle response
-8.54%
baseline attrition
Rally response
+2.83%
adds into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| KOSKosmos Energy Ltd. | $57M | 23.4% | +21.9% | 4.3 yr |
| GTE.TOGran Tierra Energy Inc. | $57M | 23.3% | +78.1% | 2.0 yr |
| NEWPNew Pacific Metals Corp. | $28M | 11.3% | +273.0% | 0.8 yr |
| GAUGaliano Gold Inc. | $23M | 9.5% | +102.4% | 6.0 yr |
| VISTVista Energy, S.A.B. de | $23M | 9.3% | +62.1% | 0.5 yr |
| YPFYPF Sociedad Anónima | $22M | 8.8% | +31.9% | 0.3 yr |
| PSLVSprott Physical Silver T | $9M | 3.8% | — | 1.5 yr |
| — | $7M | 3.0% | — | 2.0 yr |
| — | $7M | 2.7% | — | 3.0 yr |
| PDSPrecision Drilling Corpo | $6M | 2.6% | +111.1% | 0.5 yr |
| — | $5M | 2.2% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production56.0%+19.0pp$137M
Other Precious Metals11.3%$28M
Gold9.5%-27.0pp$23M
Oil & Gas Integrated8.8%$22M
Unknown7.9%-8.1pp$19M
Asset Management3.8%-6.7pp$9M
Oil & Gas Drilling2.6%$6M
Country
CA50.6%-7.7pp
US23.4%-2.4pp
MX9.3%
AR8.8%
Unknown7.9%-8.1pp
Top 5: 76.9% · Top 10: 97.8% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $245M | 11 | +86.23% | +17.59% | +68.63% | -0.07B |
| 2025-12-31 | $191M | 12 | -5.93% | +17.72% | -23.65% | +0.01B |
| 2025-09-30 | $185M | 9 | -14.12% | +17.52% | -31.63% | -0.04B |
| 2025-06-30 | $176M | 9 | -42.44% | +14.94% | -57.38% | +0.03B |
| 2025-03-31 | $163M | 8 | -28.49% | +8.30% | -36.79% | +0.04B |
| 2024-12-31 | $147M | 9 | -8.26% | +24.89% | -33.15% | +0.01B |
| 2024-09-30 | $146M | 9 | +12.59% | +36.04% | -23.45% | +0.01B |
| 2024-06-30 | $155M | 9 | +25.92% | +24.49% | +1.43% | +0.02B |
| 2024-03-31 | $123M | 8 | +3.18% | +29.62% | -26.44% | -0.02B |
| 2023-12-31 | $139M | 11 | +11.15% | +26.18% | -15.03% | -0.01B |
| 2023-09-30 | $136M | 12 | +21.53% | +21.57% | -0.04% | +0.03B |
| 2023-06-30 | $109M | 13 | +14.92% | +19.42% | -4.51% | -0.00B |
| 2023-03-31 | $124M | 13 | -10.78% | -7.82% | -2.96% | -0.05B |
| 2022-12-31 | $153M | 10 | +22.18% | +7.56% | +14.62% | +0.00B |
| 2022-09-30 | $124M | 11 | -9.14% | -4.93% | -4.21% | -0.00B |
| 2022-06-30 | $140M | 12 | -29.54% | -16.11% | -13.43% | +0.02B |