- MDD
- -8.60%
- Sharpe
- 1.42
- Win rate
- 54.1%
- Vol 30D
- $6.66M
- Age
- 675d
- Skin in game
- 15%
- Perf fee
- 10%
- Lockup
- 3d
- Depositors
- 10
- Leader
- Description
- Time-series trend on US index ETFs. Dual moving-average with a volatility budget. Flat in chop.
- Stay long high-quality momentum only when realized vol is inside the budget.
- Process
- Weekly signal, daily execution. 10% vol target. 8% trailing stop on the sleeve.
- Custody
- Capital enters a MAIN illustration account, subscription moves to STRATEGY, exits return to MAIN then redeem. Segregation is illustrative.
| Market | Side | Size | Entry | Mark | uPnL (ROE) | Liq. price | Margin |
|---|---|---|---|---|---|---|---|
| QQQ | short | $82,574 | 471.32 | 478.00 | -$1,169.84 -11.81% | 603.29 | $9,909 |
| SPY | short | $148,356 | 561.64 | 562.00 | -$94.20 -0.53% | 718.90 | $17,803 |
Community & manager updates
The manager's market reads, rebalance records and monthly letters, alongside depositors' discussion. All simulated.
Discussion
8 posts · 6 replies · 7 participants · Last activity 5 Sept 2026
- 7 Sept 2026via iPhone
Signal check: QQQ / SPY Trend Overlay is long and in trend. The stop and the sizing rule are on the factsheet and have not moved. Flat stretches are part of the design; do not read them as a broken product.
QQQ / SPY Trend Overlay did exactly what the factsheet said last month. Staying, and the lockup is fine.
Checked this against the fills. Consistent with the letter.
- 5 Sept 2026via iPhone
How would you size QQQ / SPY Trend Overlay inside a book that already holds $Orbit Liquidity Provider (OLP)$ as ballast?
As a satellite: single-digit percent of NAV for an R3. OLP is the ballast; this is not, however good the 30D looks.
- 5 Sept 2026via Web
Scheduled rebalance, largest moves listed.
Market Side Fill Weight QQQ short 481.15 42.0%→50.0% SPY long 564.79 11.0%→22.0% Rebalanced 5 Sept 2026 - 3 Sept 2026via iPhone
How does the 10% performance fee interact with a drawdown, is there a high-water mark?
High-water mark, yes. The performance fee only accrues on new highs, and it is netted before your NAV prints, so what you see is what you keep.
- 31 Aug 2026via Web
August letter for QQQ / SPY Trend Overlay: +6.2% for the month, intramonth drawdown inside budget, no rule changes. Fees and lockup unchanged: 10% performance, 3-day lockup. Full attribution is on the factsheet.
Attribution before excuses. Thank you.
- Willow AMDepositor · 2026-0429 Aug 2026via Web
Redeemed 20% last month for a tax bill and it paid T+1 after the 3-day lockup, exactly as written. Re-depositing next week.
This is the comment every new depositor should read before the factsheet.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.
CIO, Northshore Quant. Builds trend and residual-momentum sleeves on US and HK listings.
- Official posts
- 4
- Replies
- 2
- Last post
- 7 Sept 2026
Signal check: QQQ / SPY Trend Overlay is long and in trend. The stop and the sizing rule are on the factsheet and have not moved. Flat stretches are part of the design; do not read them as a broken product.All vaults by this manager
Latest rebalances
Fills and weight changes the manager published
| Market | Side | Fill | Weight |
|---|---|---|---|
| QQQ | short | 481.15 | 42.0%→50.0% |
| SPY | long | 564.79 | 11.0%→22.0% |
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.