FSI

Flow State Investments Portfolio holdings

AUM $226M
1-Year Est. Return 4.82%
This Quarter Est. Return
1 Year Est. Return
+4.82%
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$226M
AUM Growth
-$89.6M
Cap. Flow
Cap. Flow %
Top 10 Hldgs %
Holding
226
New
Increased
Reduced
Closed

Top Buys

1
+$9.08M
2
+$8.13M
3
+$8.05M
4
SWN
Southwestern Energy Company
SWN
+$7.04M
5
ULS icon
UL Solutions
ULS
+$2.18M

Top Sells

1
+$7.35M
2
+$7.01M
3
+$5.67M
4
TRTL
TortoiseEcofin Acquisition Corp. III
TRTL
+$5.35M
5
SVII icon
Spring Valley Acquisition Corp II
SVII
+$3.9M

Sector Composition

1 Energy 22.83%
2 Consumer Discretionary 5.14%
3 Consumer Staples 3.71%
4 Utilities 3.56%
5 Industrials 2.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RUMBW
126
Rumble Inc Warrant
RUMBW
$762M
– –
-20,117
SABA
127
Saba Capital Income & Opportunities Fund II
SABA
$244M
– –
-81,669
SPKL
128
Spark I Acquisition Corp
SPKL
$99.7M
– –
-123,699
SPKLW
129
Spark I Acquisition Corp Warrant
SPKLW
$2.54M
– –
-198,619
STEW
130
SRH Total Return Fund
STEW
$1.72B
– –
-51,716
SVIIR icon
131
Spring Valley Acquisition Corp II Rights
SVIIR
– –
-275,000
SVII icon
132
Spring Valley Acquisition Corp II
SVII
$125M
– –
-350,403
SVIIW icon
133
Spring Valley Acquisition Corp II Warrant
SVIIW
$19.1M
– –
-115,000
TBLD
134
Thornburg Income Builder Opportunities Trust
TBLD
$647M
– –
-10,632
TSI
135
TCW Strategic Income Fund
TSI
$237M
– –
-22,365
TYG
136
Tortoise Energy Infrastructure Corp
TYG
$726M
– –
-8,191
V icon
137
Visa
V
$668B
– –
-1,883
VSTEW
138
DELISTED
Vast Renewables Limited Warrants
VSTEW
– –
-109,999
WMB icon
139
Williams Companies
WMB
$77B
– –
-5,000
WMT icon
140
Walmart
WMT
$853B
– –
-10,000
X
141
DELISTED
US Steel
X
– –
-30,625
XLP icon
142
Consumers Staples Select Sector SPDR Fund
XLP
$15.6B
– –
0
ZTR
143
Virtus Total Return Fund
ZTR
$363M
– –
-186,928
BTSGU icon
144
BrightSpring Health Services Unit
BTSGU
$823M
– –
-70,200
PBMWW
145
Psyence Biomedical Warrant
PBMWW
$391K
– –
-55,000
LOTWW
146
Lotus Technology Inc Warrants
LOTWW
$54.1M
– –
-128,800
ZEOWW
147
Zeo Energy Corp Warrants
ZEOWW
$310K
– –
-60,724
AIRJW
148
AirJoule Technologies Warrant
AIRJW
$76.1M
– –
-40,485
BNAIW
149
Brand Engagement Network Warrant
BNAIW
$1.29M
– –
-150,000
GCTS.WS
150
GCT Semiconductor Holding Warrants
GCTS.WS
$7.61M
– –
-175,000
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6
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