Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-26.70%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.55%
baseline attrition
Rally response
-40.55%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SWKHSWK Holdings Corporation | $144M | 57.1% | +67.4% | 6.3 yr |
| — | $5M | 2.0% | — | 0.3 yr |
| HBANHuntington Bancshares In | $4M | 1.8% | +8.2% | 2.8 yr |
| CFRCullen/Frost Bankers, In | $4M | 1.6% | +12.9% | 2.3 yr |
| WFCWells Fargo & Company | $4M | 1.4% | +13.3% | 6.0 yr |
| SEESealed Air Corporation | $3M | 1.3% | +48.7% | 0.8 yr |
| HDThe Home Depot, Inc. | $3M | 1.2% | -8.0% | 1.3 yr |
| EAElectronic Arts Inc. | $3M | 1.1% | +41.7% | 1.0 yr |
| WBSWebster Financial Corpor | $3M | 1.1% | +38.5% | 0.5 yr |
| WBDWarner Bros. Discovery, | $3M | 1.0% | +155.9% | 0.5 yr |
| CVXChevron Corporation | $3M | 1.0% | +29.2% | 3.3 yr |
| EXEExpand Energy Corporatio | $3M | 1.0% | +1.7% | 1.0 yr |
| NSCNorfolk Southern Corpora | $2M | 1.0% | +23.6% | 5.0 yr |
| BACBank of America Corporat | $2M | 0.9% | +19.4% | 6.3 yr |
| SLBSLB N.V. | $2M | 0.9% | +26.7% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management58.3%-24.7pp$148M
Banks - Regional7.7%+5.8pp$20M
Banks - Diversified3.1%+2.2pp$8M
Unknown3.0%+2.8pp$7M
Oil & Gas Exploration & Production2.7%+0.1pp$7M
Oil & Gas Equipment & Services2.6%+1.5pp$7M
Home Improvement2.0%+1.8pp$5M
Financial - Data & Stock Exchanges1.5%$4M
Household & Personal Products1.4%$4M
Packaging & Containers1.3%$3M
Country
US96.3%-3.6pp
Unknown3.0%+2.8pp
GB0.6%
IE0.1%
Top 5: 63.9% · Top 10: 69.6% · Top 25: 82.5%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ACI | $1M | -0.00B | -20.1% |
Top buys this quarter · 15
| HBAN Huntington Bancshares Incorpor | +$3M |
| HD The Home Depot, Inc. | +$2M |
| CFR Cullen/Frost Bankers, Inc. | +$2M |
| EXE Expand Energy Corporation | +$2M |
| WFC Wells Fargo & Company | +$2M |
| COLB Columbia Banking System, Inc.new | +$2M |
| BAC Bank of America Corporation | +$2M |
| CBRE CBRE Group, Inc.new | +$2M |
| PSX Phillips 66 | +$2M |
| WBD Warner Bros. Discovery, Inc. | +$2M |
Top sells this quarter · 15
| DKS DICK'S Sporting Goods, Inc. | −$47M |
| SLAB Silicon Laboratories Inc. | −$32M |
| PG The Procter & Gamble Company | −$18M |
| NDAQ Nasdaq, Inc. | −$17M |
| KBR KBR, Inc. | −$9M |
| TPH Tri Pointe Homes, Inc. | −$7M |
| WBS Webster Financial Corporation | −$7M |
| ICE Intercontinental Exchange, Inc | −$6M |
| WHD Cactus, Inc. | −$4M |
| BRBR BellRing Brands, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $253M | 66 | +106.77% | +17.59% | +89.17% | +0.05B |
| 2025-12-31 | $207M | 62 | +127.04% | +17.72% | +109.32% | +0.00B |
| 2025-09-30 | $176M | 55 | +107.93% | +17.52% | +90.41% | -0.06B |
| 2025-06-30 | $176M | 57 | +58.69% | +14.94% | +43.74% | -0.06B |
| 2025-03-31 | $179M | 35 | +13.81% | +8.30% | +5.51% | -0.01B |
| 2024-12-31 | $170M | 32 | +11.46% | +24.89% | -13.43% | -0.01B |
| 2024-09-30 | $166M | 4 | +18.57% | +36.04% | -17.47% | -0.49B |
| 2024-06-30 | $638M | 91 | +10.87% | +24.49% | -13.62% | -0.54B |
| 2024-03-31 | $1.23B | 109 | +17.75% | +29.62% | -11.87% | -0.10B |
| 2023-12-31 | $1.25B | 117 | +11.56% | +26.18% | -14.62% | -0.18B |
| 2023-09-30 | $1.28B | 131 | +3.92% | +21.57% | -17.64% | +0.15B |
| 2023-06-30 | $1.17B | 116 | +3.13% | +19.42% | -16.29% | +0.09B |
| 2023-03-31 | $1.06B | 108 | -7.42% | -7.82% | +0.40% | -0.26B |
| 2022-12-31 | $1.30B | 113 | +4.33% | +7.56% | -3.23% | -0.07B |
| 2022-09-30 | $1.32B | 115 | -3.90% | -4.93% | +1.03% | -0.07B |
| 2022-06-30 | $1.45B | 118 | -8.70% | -16.11% | +7.41% | +0.11B |