Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.01%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.86%
baseline attrition
Rally response
-7.15%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IDCCInterDigital, Inc. | $34M | 5.8% | +47.2% | 6.5 yr |
| PBIPitney Bowes Inc. | $30M | 5.1% | +26.1% | 7.0 yr |
| GTNGray Media, Inc. | $27M | 4.6% | +7.4% | 3.0 yr |
| AEMAgnico Eagle Mines Limit | $26M | 4.5% | +89.2% | 5.3 yr |
| ACUAcme United Corporation | $22M | 3.8% | +14.7% | 10.5 yr |
| CNXCConcentrix Corporation | $21M | 3.6% | -49.4% | 1.0 yr |
| ACCOACCO Brands Corporation | $21M | 3.6% | -22.1% | 2.5 yr |
| MCMoelis & Company | $20M | 3.5% | +1.8% | 6.3 yr |
| OKEONEOK, Inc. | $19M | 3.2% | -3.8% | 10.5 yr |
| NXSTNexstar Media Group, Inc | $19M | 3.2% | +4.7% | 3.5 yr |
| STSensata Technologies Hol | $17M | 2.9% | +47.4% | 3.0 yr |
| GSThe Goldman Sachs Group, | $17M | 2.9% | +58.1% | 8.3 yr |
| — | $17M | 2.9% | — | 3.0 yr |
| QCOMQUALCOMM Incorporated | $16M | 2.7% | -14.2% | 6.3 yr |
| CRD-ACrawford & Company | $15M | 2.5% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Financial - Capital Markets6.4%+1.9pp$37M
Integrated Freight & Logistics6.1%+1.8pp$36M
Software - Application5.8%+0.7pp$34M
Entertainment5.3%-1.9pp$31M
Financial - Credit Services5.1%-0.5pp$30M
Asset Management4.9%+0.2pp$29M
Broadcasting4.6%-3.0pp$27M
Gold4.5%+1.8pp$26M
Household & Personal Products3.8%-0.1pp$22M
Information Technology Services3.6%$21M
Country
US91.7%+3.1pp
CA4.5%+1.8pp
Unknown2.9%-4.6pp
GB0.9%-0.2pp
Top 5: 23.9% · Top 10: 40.9% · Top 25: 75.1%
Top buys this quarter · 15
| TSQ Townsquare Media, Inc.new | +$14M |
| FDS FactSet Research Systems Inc.new | +$9M |
| CNXC Concentrix Corporation | +$21M |
| ACCO ACCO Brands Corporation | +$4M |
| QCOM QUALCOMM Incorporated | +$16M |
| MC Moelis & Company | +$20M |
| SVC Service Properties Trust | +$11M |
| LFVN LifeVantage Corporation | +$11M |
| HRMY Harmony Biosciences Holdings, | +$9M |
| MHH Mastech Digital, Inc. | +$5M |
Top sells this quarter · 15
| WT WisdomTree, Inc. | −$6M |
| KMI Kinder Morgan, Inc. | −$6M |
| NXST Nexstar Media Group, Inc. | −$4M |
| ST Sensata Technologies Holding p | −$3M |
| OKE ONEOK, Inc. | −$18M |
| PBI Pitney Bowes Inc. | −$3M |
| MO Altria Group, Inc. | −$2M |
| ACU Acme United Corporation | −$22M |
| PFG Principal Financial Group, Inc | −$1M |
| UPS United Parcel Service, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $585M | 71 | +4.18% | +17.59% | -13.41% | -0.00B |
| 2025-12-31 | $610M | 74 | +11.94% | +17.72% | -5.78% | -0.01B |
| 2025-09-30 | $636M | 79 | +13.85% | +17.52% | -3.67% | -0.01B |
| 2025-06-30 | $587M | 80 | +18.29% | +14.94% | +3.35% | +0.01B |
| 2025-03-31 | $577M | 78 | +13.09% | +8.30% | +4.78% | -0.00B |
| 2024-12-31 | $558M | 77 | +15.00% | +24.89% | -9.89% | -0.00B |
| 2024-09-30 | $563M | 79 | +33.44% | +36.04% | -2.60% | -0.01B |
| 2024-06-30 | $499M | 75 | +12.36% | +24.49% | -12.13% | -0.01B |
| 2024-03-31 | $525M | 79 | +20.38% | +29.62% | -9.25% | -0.01B |
| 2023-12-31 | $509M | 71 | +23.79% | +26.18% | -2.39% | -0.00B |
| 2023-09-30 | $443M | 67 | +20.92% | +21.57% | -0.65% | -0.01B |
| 2023-06-30 | $467M | 70 | +14.44% | +19.42% | -4.99% | +0.02B |
| 2023-03-31 | $435M | 69 | -5.02% | -7.82% | +2.80% | -0.01B |
| 2022-12-31 | $407M | 68 | -16.41% | -18.17% | +1.77% | +0.01B |
| 2022-09-30 | $354M | 69 | -17.78% | -15.51% | -2.27% | -0.01B |
| 2022-06-30 | $405M | 71 | -8.88% | -10.62% | +1.74% | +0.00B |