Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.54%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.10%
baseline attrition
Rally response
-3.87%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MODModine Manufacturing Com | $315M | 12.1% | +182.4% | 7.8 yr |
| FNFabrinet | $277M | 10.6% | +164.0% | 4.8 yr |
| AVGOBroadcom Inc. | $250M | 9.6% | +86.0% | 4.8 yr |
| ONTOOnto Innovation Inc. | $226M | 8.6% | +69.0% | 6.5 yr |
| JBLJabil Inc. | $146M | 5.6% | +95.5% | 10.5 yr |
| DCODucommun Incorporated | $94M | 3.6% | +110.2% | 10.5 yr |
| EXTRExtreme Networks, Inc. | $79M | 3.0% | +14.0% | 4.8 yr |
| ENSEnerSys | $77M | 2.9% | +91.3% | 4.8 yr |
| VECOVeeco Instruments Inc. | $74M | 2.8% | +68.6% | 6.8 yr |
| GMEDGlobus Medical, Inc. | $71M | 2.7% | +17.7% | 10.5 yr |
| ENSGThe Ensign Group, Inc. | $69M | 2.6% | +55.9% | 4.8 yr |
| NSITInsight Enterprises, Inc | $64M | 2.5% | -55.3% | 10.5 yr |
| ENTGEntegris, Inc. | $61M | 2.3% | +34.6% | 4.8 yr |
| NVRIEnviri Corporation | $44M | 1.7% | +195.0% | 3.8 yr |
| PNTGThe Pennant Group, Inc. | $43M | 1.6% | +21.2% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors27.8%+2.3pp$726M
Hardware, Equipment & Parts17.6%+7.1pp$459M
Auto - Parts12.1%+5.0pp$316M
Medical - Devices8.1%-4.1pp$212M
Medical - Care Facilities4.5%+0.3pp$118M
Aerospace & Defense4.2%+0.4pp$109M
Communication Equipment3.9%-0.1pp$103M
Electrical Equipment & Parts2.9%+0.5pp$77M
Technology Distributors2.9%-2.5pp$76M
Software - Application2.3%-1.4pp$59M
Country
US88.4%-4.9pp
KY10.6%+4.8pp
SG0.4%+0.1pp
Unknown0.4%+0.1pp
CH0.2%-0.1pp
IL0.0%
Top 5: 46.4% · Top 10: 61.5% · Top 25: 84.6%
Top buys this quarter · 15
| ENOV Enovis Corporation | +$17M |
| IART Integra LifeSciences Holdings | +$13M |
| PENG Penguin Solutions, Inc. | +$12M |
| QDEL QuidelOrtho Corporation | +$11M |
| NSIT Insight Enterprises, Inc. | +$64M |
| SIBN SI-BONE, Inc. | +$8M |
| BBWI Bath & Body Works, Inc. | +$5M |
| HELE Helen of Troy Limited | +$5M |
| CALX Calix, Inc. | +$5M |
| MBC MasterBrand, Inc. | +$4M |
Top sells this quarter · 15
| NVRI Enviri Corporation | −$26M |
| TCMD Tactile Systems Technology, In | −$13M |
| GMED Globus Medical, Inc. | −$11M |
| COHU Cohu, Inc. | −$9M |
| VECO Veeco Instruments Inc. | −$69M |
| ONTO Onto Innovation Inc. | −$178M |
| MOD Modine Manufacturing Company | −$197M |
| TBRG TruBridge, Inc. | −$4M |
| ENS EnerSys | −$68M |
| ACLS Axcelis Technologies, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.61B | 112 | +53.11% | +17.59% | +35.52% | +0.00B |
| 2025-12-31 | $2.38B | 116 | +16.58% | +17.72% | -1.13% | -0.03B |
| 2025-09-30 | $2.31B | 126 | +7.78% | +17.52% | -9.74% | -0.07B |
| 2025-06-30 | $2.05B | 122 | -4.61% | +14.94% | -19.55% | -0.02B |
| 2025-03-31 | $1.80B | 127 | -12.45% | +8.30% | -20.75% | -0.01B |
| 2024-12-31 | $2.16B | 128 | +12.56% | +24.89% | -12.33% | -0.02B |
| 2024-09-30 | $2.25B | 129 | +28.59% | +36.04% | -7.45% | -0.00B |
| 2024-06-30 | $2.19B | 129 | +24.71% | +24.49% | +0.22% | -0.01B |
| 2024-03-31 | $2.09B | 131 | +36.44% | +29.62% | +6.82% | +0.02B |
| 2023-12-31 | $1.92B | 131 | +38.97% | +26.18% | +12.80% | -0.00B |
| 2023-09-30 | $1.74B | 138 | +44.69% | +21.57% | +23.12% | +0.00B |
| 2023-06-30 | $1.75B | 139 | +44.18% | +19.42% | +24.76% | +0.01B |
| 2023-03-31 | $1.51B | 141 | -0.14% | -7.82% | +7.67% | -0.15B |
| 2022-12-31 | $1.51B | 144 | +14.87% | +7.56% | +7.31% | -0.09B |
| 2022-09-30 | $1.39B | 145 | -0.76% | -4.93% | +4.17% | -0.07B |
| 2022-06-30 | $1.47B | 148 | -20.11% | -16.11% | -4.00% | -0.00B |