Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+12.33%
adds when stocks drop
when a holding falls −10%+
Middle response
-16.24%
baseline attrition
Rally response
-11.28%
trims into rallies
when a holding rises +10%+
Top positions · 9
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MAGNMagnera Corp. | $23M | 21.9% | -47.6% | 1.5 yr |
| ASTLAlgoma Steel Group Inc. | $14M | 13.5% | -23.2% | 4.5 yr |
| AVAHAveanna Healthcare Holdi | $14M | 13.4% | +18.8% | 5.0 yr |
| BLDRBuilders FirstSource, In | $14M | 13.3% | -34.1% | 0.8 yr |
| FWRDForward Air Corporation | $12M | 11.6% | -16.8% | 1.0 yr |
| LPXLouisiana-Pacific Corpor | $12M | 11.1% | -19.9% | 0.3 yr |
| TTANServiceTitan, Inc. | $9M | 8.6% | -33.3% | 0.5 yr |
| ALVOAlvotech | $5M | 4.3% | -64.5% | 3.3 yr |
| SRGSeritage Growth Properti | $2M | 2.4% | -13.0% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Manufacturing - Textiles21.9%+3.4pp$23M
Steel13.5%+7.3pp$14M
Medical - Care Facilities13.4%-7.9pp$14M
Construction13.3%$14M
Integrated Freight & Logistics11.6%$12M
Paper, Lumber & Forest Products11.1%$12M
Software - Application8.6%+4.0pp$9M
Drug Manufacturers - Specialty & Generic4.3%-2.4pp$5M
REIT - Retail2.4%-9.1pp$2M
Country
US82.2%+24.6pp
CA13.5%+7.3pp
IS4.3%-2.4pp
Top 5: 73.7% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| LPX Louisiana-Pacific Corporationnew | +$12M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $106M | 9 | -23.17% | +17.59% | -40.76% | -0.03B |
| 2025-12-31 | $192M | 9 | -0.80% | +17.72% | -18.52% | -0.01B |
| 2025-09-30 | $198M | 9 | +1.37% | +17.52% | -16.15% | -0.03B |
| 2025-06-30 | $210M | 10 | +6.21% | +14.94% | -8.73% | +0.03B |
| 2025-03-31 | $192M | 11 | +1.57% | +8.30% | -6.73% | +0.01B |
| 2024-12-31 | $196M | 10 | -30.08% | +24.89% | -54.96% | -0.00B |
| 2024-09-30 | $197M | 11 | -21.80% | +36.04% | -57.84% | -0.03B |
| 2024-06-30 | $194M | 13 | -36.34% | +24.49% | -60.84% | +0.06B |
| 2024-03-31 | $146M | 11 | -32.15% | +29.62% | -61.78% | +0.06B |
| 2023-12-31 | $136M | 11 | +27.97% | +26.18% | +1.80% | +0.01B |
| 2023-09-30 | $111M | 13 | +16.82% | +21.57% | -4.75% | -0.02B |
| 2023-06-30 | $138M | 16 | -12.52% | +19.42% | -31.94% | -0.02B |
| 2023-03-31 | $162M | 19 | -40.61% | -7.82% | -32.80% | -0.04B |
| 2022-12-31 | $163M | 19 | +3.87% | +7.56% | -3.69% | -0.03B |
| 2022-09-30 | $185M | 21 | -29.48% | -4.93% | -24.56% | -0.00B |
| 2022-06-30 | $266M | 82 | -33.15% | -16.11% | -17.04% | +0.02B |