Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.32%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.73%
baseline attrition
Rally response
-11.17%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HLFHerbalife Nutrition Ltd. | $24M | 9.7% | +70.6% | 5.3 yr |
| ACVAACV Auctions Inc. | $22M | 8.9% | -69.9% | 5.3 yr |
| HGVHilton Grand Vacations I | $19M | 7.7% | +4.6% | 5.3 yr |
| POSTPost Holdings, Inc. | $18M | 7.3% | -15.0% | 9.8 yr |
| LADLithia Motors, Inc. | $16M | 6.6% | -14.3% | 5.5 yr |
| PGENPrecigen, Inc. | $14M | 5.6% | +159.7% | 6.3 yr |
| TNLTravel + Leisure Co. | $14M | 5.5% | +55.0% | 5.3 yr |
| AXSMAxsome Therapeutics, Inc | $11M | 4.6% | +44.9% | 7.3 yr |
| ESIElement Solutions Inc | $8M | 3.3% | +52.8% | 5.5 yr |
| BILLBill.com Holdings, Inc. | $8M | 3.1% | -16.5% | 3.3 yr |
| — | $6M | 2.6% | — | 2.8 yr |
| ANTMElevance Health Inc. | $6M | 2.6% | — | 8.0 yr |
| RTORentokil Initial plc | $6M | 2.4% | +39.3% | 3.5 yr |
| LPLALPL Financial Holdings I | $6M | 2.4% | -7.7% | 5.3 yr |
| ONON Semiconductor Corpora | $5M | 2.2% | +52.2% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Packaged Foods18.4%+4.6pp$45M
Auto - Dealerships15.6%+1.2pp$38M
Biotechnology14.5%+7.0pp$36M
Gambling, Resorts & Casinos7.7%+2.0pp$19M
Travel Services5.5%-1.4pp$14M
Oil & Gas Equipment & Services4.4%+1.6pp$11M
Software - Application3.5%+0.6pp$9M
Chemicals - Specialty3.3%+1.4pp$8M
Medical - Healthcare Plans3.0%-4.1pp$7M
Unknown2.9%+0.3pp$7M
Country
US89.9%+3.3pp
GB4.2%-3.1pp
Unknown2.9%+0.3pp
SG1.9%+0.9pp
CA1.0%-1.4pp
Top 5: 40.2% · Top 10: 62.4% · Top 25: 91.0%
Top buys this quarter · 15
| ACVA ACV Auctions Inc. | +$22M |
| LAD Lithia Motors, Inc. | +$5M |
| BRBR BellRing Brands, Inc. | +$3M |
| ENR Energizer Holdings, Inc. | +$2M |
| NKTR Nektar Therapeutics | +$2M |
| LPLA LPL Financial Holdings Inc. | +$2M |
| KKR KKR & Co. Inc. | +$1M |
| POST Post Holdings, Inc. | +$1M |
| HGV Hilton Grand Vacations Inc. | +$19M |
| CLVT Clarivate Plc | +$5M |
Top sells this quarter · 15
| RTO Rentokil Initial plc | −$4M |
| HLF Herbalife Nutrition Ltd. | −$24M |
| CRL Charles River Laboratories Int | −$3M |
| GTLS Chart Industries, Inc.exit | −$1M |
| CCK Crown Holdings, Inc. | −$1M |
| YOU Clear Secure, Inc. | −$1M |
| AXSM Axsome Therapeutics, Inc. | −$1M |
| ESI Element Solutions Inc | −$7M |
| TNL Travel + Leisure Co. | −$1M |
| BKR Baker Hughes Company | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $247M | 42 | +16.27% | +17.59% | -1.33% | -0.00B |
| 2025-12-31 | $272M | 43 | +20.87% | +17.72% | +3.15% | -0.01B |
| 2025-09-30 | $254M | 43 | +15.05% | +17.52% | -2.47% | -0.05B |
| 2025-06-30 | $289M | 42 | +15.51% | +14.94% | +0.57% | -0.05B |
| 2025-03-31 | $319M | 45 | +5.88% | +8.30% | -2.42% | -0.04B |
| 2024-12-31 | $376M | 48 | +18.87% | +24.89% | -6.02% | -0.12B |
| 2024-09-30 | $467M | 53 | +20.94% | +36.04% | -15.10% | -0.00B |
| 2024-06-30 | $443M | 51 | +11.46% | +24.49% | -13.04% | -0.06B |
| 2024-03-31 | $510M | 55 | +31.81% | +29.62% | +2.18% | -0.08B |
| 2023-12-31 | $551M | 52 | +20.48% | +26.18% | -5.69% | +0.02B |
| 2023-09-30 | $494M | 50 | +22.99% | +21.57% | +1.43% | -0.56B |
| 2023-06-30 | $1.07B | 50 | +18.10% | +19.42% | -1.32% | -0.34B |
| 2023-03-31 | $1.22B | 47 | -25.43% | -7.82% | -17.61% | +0.20B |
| 2022-12-31 | $1.04B | 52 | +10.84% | +7.56% | +3.27% | -0.08B |
| 2022-09-30 | $1.01B | 54 | -5.97% | -4.93% | -1.04% | -0.14B |
| 2022-06-30 | $1.22B | 53 | -26.93% | -16.11% | -10.82% | +0.25B |