Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.26%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.20%
baseline attrition
Rally response
-6.58%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MPWRMonolithic Power Systems | $38M | 5.7% | +89.6% | 9.0 yr |
| REZIResideo Technologies, In | $38M | 5.7% | +90.5% | 1.8 yr |
| MODModine Manufacturing Com | $36M | 5.5% | +182.4% | 0.8 yr |
| GMEDGlobus Medical, Inc. | $35M | 5.4% | +17.7% | 8.0 yr |
| CNMCore & Main, Inc. | $35M | 5.3% | +2.3% | 3.0 yr |
| FSSFederal Signal Corporati | $31M | 4.7% | +47.8% | 2.5 yr |
| PEverpure, Inc. | $27M | 4.1% | +33.4% | 6.3 yr |
| SITESiteOne Landscape Supply | $26M | 4.0% | +9.6% | 8.8 yr |
| MDAMDA Space Ltd | $25M | 3.8% | — | 0.3 yr |
| IBPInstalled Building Produ | $20M | 3.0% | +56.7% | 9.5 yr |
| TECHBio-Techne Corporation | $19M | 3.0% | -10.4% | 5.8 yr |
| WSOWatsco, Inc. | $19M | 2.9% | -26.4% | 6.3 yr |
| IMAXIMAX Corporation | $19M | 2.8% | +44.3% | 5.8 yr |
| HGTYHagerty, Inc. | $18M | 2.8% | +16.5% | 1.5 yr |
| LPXLouisiana-Pacific Corpor | $16M | 2.5% | -19.9% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Distribution12.3%+1.4pp$81M
Auto - Parts6.9%+3.8pp$45M
Semiconductors6.0%+2.3pp$39M
Security & Protection Services5.7%+3.7pp$38M
Medical - Devices5.4%-2.1pp$35M
Asset Management5.4%+0.2pp$35M
Software - Application5.1%-9.1pp$33M
Industrial - Pollution & Treatment Controls4.7%+1.4pp$31M
Industrial - Machinery4.1%+0.5pp$27M
Hardware, Equipment & Parts3.8%$25M
Country
US81.8%-1.8pp
CA12.2%+5.5pp
Unknown2.4%+1.6pp
GB1.7%+1.0pp
IL1.3%-4.0pp
IT0.3%-2.5pp
NL0.1%
CH0.1%
Top 5: 27.6% · Top 10: 47.3% · Top 25: 78.4%
Top buys this quarter · 15
| MDA MDA Space Ltdnew | +$25M |
| ENPH Enphase Energy, Inc. | +$10M |
| SAIA Saia, Inc.new | +$9M |
| VSEC VSE Corporationnew | +$9M |
| LPX Louisiana-Pacific Corporation | +$6M |
| OBE Obsidian Energy Ltd.new | +$6M |
| PNTG The Pennant Group, Inc.new | +$4M |
| AIR AAR Corp.new | +$4M |
| TSAT Telesat Corporationnew | +$3M |
| BOBS Bob's Discount Furniture, Inc.new | +$2M |
Top sells this quarter · 15
| MANH Manhattan Associates, Inc.exit | −$22M |
| MPWR Monolithic Power Systems, Inc. | −$20M |
| STVN Stevanato Group S.p.A. | −$15M |
| IBP Installed Building Products, I | −$15M |
| WK Workiva Inc. | −$15M |
| GMED Globus Medical, Inc. | −$14M |
| AX Axos Financial, Inc. | −$12M |
| QTWO Q2 Holdings, Inc. | −$12M |
| REZI Resideo Technologies, Inc. | −$11M |
| BWMN Bowman Consulting Group Ltd. | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $656M | 96 | +7.93% | +17.59% | -9.66% | -0.21B |
| 2025-12-31 | $926M | 91 | +2.80% | +17.72% | -14.92% | +0.01B |
| 2025-09-30 | $956M | 88 | +10.56% | +17.52% | -6.96% | +0.07B |
| 2025-06-30 | $795M | 77 | +5.68% | +14.94% | -9.26% | +0.08B |
| 2025-03-31 | $662M | 58 | -5.50% | +8.30% | -13.81% | -0.03B |
| 2024-12-31 | $775M | 59 | +17.18% | +24.89% | -7.70% | -0.01B |
| 2024-09-30 | $766M | 57 | +31.51% | +36.04% | -4.53% | -0.02B |
| 2024-06-30 | $735M | 61 | +13.45% | +24.49% | -11.04% | -0.09B |
| 2024-03-31 | $850M | 61 | +25.06% | +29.62% | -4.56% | -0.04B |
| 2023-12-31 | $805M | 62 | +19.77% | +26.18% | -6.41% | -0.04B |
| 2023-09-30 | $732M | 58 | +11.10% | +21.57% | -10.46% | -0.12B |
| 2023-06-30 | $928M | 63 | +14.14% | +19.42% | -5.29% | -0.05B |
| 2023-03-31 | $914M | 63 | -9.61% | -7.82% | -1.79% | -0.07B |
| 2022-12-31 | $935M | 66 | +6.81% | +7.56% | -0.76% | -0.03B |
| 2022-09-30 | $901M | 66 | -5.22% | -4.93% | -0.29% | -0.02B |
| 2022-06-30 | $967M | 64 | -15.61% | -16.11% | +0.50% | -0.04B |