Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.86%
baseline attrition
Rally response
-0.48%
trims into rallies
when a holding rises +10%+
Top positions · 7
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BOBSBob's Discount Furniture | $1.12B | 34.3% | — | 0.3 yr |
| SGRYSurgery Partners, Inc. | $595M | 18.2% | -49.8% | 8.8 yr |
| AVAHAveanna Healthcare Holdi | $526M | 16.1% | +18.8% | 5.0 yr |
| KMTSKestra Medical Technolog | $502M | 15.3% | -20.0% | 1.3 yr |
| WAYWaystar Holding Corp. | $319M | 9.8% | -35.5% | 2.0 yr |
| NTNXNutanix, Inc. | $204M | 6.2% | -45.6% | 1.8 yr |
| — | $2M | 0.1% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Medical - Care Facilities34.3%-7.6pp$1.12B
Specialty Retail34.3%$1.12B
Medical - Instruments & Supplies15.3%-2.0pp$502M
Information Technology Services9.8%-11.2pp$319M
Software - Infrastructure6.2%-13.5pp$204M
Unknown0.1%$2M
Country
US99.9%-0.1pp
Unknown0.1%
Top 5: 93.7% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 2
| BOBS Bob's Discount Furniture, Inc.new | +$1.12B |
| — new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.27B | 7 | -3.80% | +17.59% | -21.39% | -0.98B |
| 2025-12-31 | $4.62B | 7 | +15.54% | +17.72% | -2.18% | +1.37B |
| 2025-09-30 | $3.35B | 6 | +8.69% | +17.52% | -8.83% | -0.18B |
| 2025-06-30 | $3.14B | 6 | +28.07% | +14.94% | +13.13% | -0.58B |
| 2025-03-31 | $3.88B | 6 | +11.67% | +8.30% | +3.37% | +0.03B |
| 2024-12-31 | $3.50B | 5 | -5.43% | +24.89% | -30.31% | +0.00B |
| 2024-09-30 | $3.82B | 5 | +19.61% | +36.04% | -16.43% | -2.43B |
| 2024-06-30 | $4.71B | 5 | -41.07% | +24.49% | -65.56% | +0.97B |
| 2024-03-31 | $4.48B | 4 | -6.85% | +29.62% | -36.48% | +0.18B |
| 2023-12-31 | $4.61B | 4 | +23.64% | +26.18% | -2.54% | +1.00B |
| 2023-09-30 | $3.12B | 4 | +20.28% | +21.57% | -1.29% | -1.24B |
| 2023-06-30 | $6.67B | 5 | +45.40% | +19.42% | +25.97% | -0.58B |
| 2023-03-31 | $5.49B | 5 | -40.61% | -7.82% | -32.80% | -0.22B |
| 2022-12-31 | $4.61B | 5 | +12.53% | +7.56% | +4.97% | -0.05B |
| 2022-09-30 | $4.14B | 5 | -20.92% | -4.93% | -15.99% | +0.36B |
| 2022-06-30 | $4.78B | 5 | -46.15% | -16.11% | -30.04% | +1.06B |