Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.56%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.91%
baseline attrition
Rally response
-12.20%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CRSCarpenter Technology Cor | $94M | 4.6% | +118.3% | 2.3 yr |
| PRCHPorch Group, Inc. | $91M | 4.4% | -1.6% | 5.5 yr |
| — | $83M | 4.0% | — | 1.5 yr |
| MODModine Manufacturing Com | $82M | 4.0% | +182.4% | 6.5 yr |
| VCTRVictory Capital Holdings | $71M | 3.4% | +16.6% | 8.3 yr |
| INDIindie Semiconductor, Inc | $65M | 3.2% | +57.8% | 3.8 yr |
| FPSForgent Power Solutions, | $61M | 2.9% | — | 0.3 yr |
| — | $55M | 2.6% | — | 2.0 yr |
| NXTNextpower Inc. | $51M | 2.5% | +186.1% | 2.0 yr |
| KRUSKura Sushi USA, Inc. | $42M | 2.1% | +36.3% | 2.0 yr |
| ONTOOnto Innovation Inc. | $41M | 2.0% | +69.0% | 6.5 yr |
| AXONAxon Enterprise, Inc. | $39M | 1.9% | -19.3% | 9.3 yr |
| FIXComfort Systems USA, Inc | $36M | 1.7% | +329.0% | 1.5 yr |
| KRNTKornit Digital Ltd. | $34M | 1.6% | -23.2% | 10.5 yr |
| LTHLife Time Group Holdings | $32M | 1.6% | -10.8% | 4.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors11.2%+5.4pp$232M
Unknown8.9%-0.8pp$184M
Software - Application8.8%-7.7pp$182M
Biotechnology6.3%+1.8pp$130M
Manufacturing - Metal Fabrication4.9%+2.5pp$101M
Auto - Parts4.0%+3.1pp$82M
Asset Management3.9%-0.4pp$82M
Restaurants3.9%+0.1pp$80M
Electrical Equipment & Parts3.3%+2.5pp$69M
Engineering & Construction3.2%+1.8pp$66M
Country
US82.7%+4.8pp
Unknown8.9%-0.8pp
IL4.0%+1.0pp
CH1.4%-1.0pp
GB1.2%-2.8pp
HK1.1%
CA0.5%-2.0pp
KY0.3%
Top 5: 20.4% · Top 10: 33.7% · Top 25: 55.6%
Top buys this quarter · 15
| FPS Forgent Power Solutions, Inc.new | +$61M |
| YSS York Space Systems, Inc.new | +$21M |
| QXO QXO, Inc. | +$14M |
| ARLO Arlo Technologies, Inc. | +$12M |
| MOD Modine Manufacturing Company | +$11M |
| SIBN SI-BONE, Inc. | +$11M |
| LASR nLIGHT, Inc.new | +$11M |
| INDI indie Semiconductor, Inc. | +$10M |
| IRTC iRhythm Technologies, Inc. | +$10M |
| FIGR Figure Technology Solutions, I | +$9M |
Top sells this quarter · 15
| ZETA Zeta Global Holdings Corp. | −$25M |
| LITE Lumentum Holdings Inc.exit | −$20M |
| GLBE Global-e Online Ltd. | −$20M |
| CLBT Cellebrite DI Ltd. | −$18M |
| STKL SunOpta Inc.exit | −$17M |
| TOST Toast, Inc. | −$17M |
| TRNS Transcat, Inc. | −$14M |
| WLTH Wealthfront Corporationexit | −$13M |
| KRUS Kura Sushi USA, Inc. | −$41M |
| LTH Life Time Group Holdings, Inc. | −$12M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.07B | 148 | +13.76% | +17.59% | -3.83% | -0.10B |
| 2025-12-31 | $2.33B | 156 | +6.73% | +17.72% | -10.99% | +0.01B |
| 2025-09-30 | $2.44B | 145 | +16.94% | +17.52% | -0.58% | -0.17B |
| 2025-06-30 | $2.45B | 152 | +20.32% | +14.94% | +5.38% | +0.04B |
| 2025-03-31 | $1.99B | 158 | -6.35% | +8.30% | -14.65% | -0.08B |
| 2024-12-31 | $2.38B | 179 | -3.82% | +24.89% | -28.71% | -0.26B |
| 2024-09-30 | $2.52B | 185 | -12.69% | +36.04% | -48.73% | -0.20B |
| 2024-06-30 | $2.48B | 178 | -14.36% | +24.49% | -38.85% | -0.19B |
| 2024-03-31 | $2.84B | 179 | -0.28% | +29.62% | -29.90% | +0.14B |
| 2023-12-31 | $3.02B | 178 | +10.52% | +26.18% | -15.66% | +0.37B |
| 2023-09-30 | $2.79B | 181 | +16.80% | +21.57% | -4.77% | -0.69B |
| 2023-06-30 | $3.23B | 173 | +16.17% | +19.42% | -3.25% | -0.34B |
| 2023-03-31 | $3.27B | 163 | -25.08% | -7.82% | -17.26% | +0.05B |
| 2022-12-31 | $3.26B | 168 | +0.30% | +7.56% | -7.26% | +0.20B |
| 2022-09-30 | $3.05B | 175 | +7.13% | -4.93% | +12.06% | -0.07B |
| 2022-06-30 | $2.92B | 171 | -29.60% | -16.11% | -13.48% | +0.09B |