Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.03%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.12%
baseline attrition
Rally response
-1.39%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GDGeneral Dynamics Corpora | $9.29B | 97.1% | +27.8% | 10.5 yr |
| ALGAlamo Group Inc. | $224M | 2.3% | -6.8% | 10.5 yr |
| PCTPureCycle Technologies, | $50M | 0.5% | -25.0% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Aerospace & Defense97.1%+1.0pp$9.29B
Agricultural - Machinery2.3%-0.7pp$224M
Industrial - Pollution & Treatment Controls0.5%-0.3pp$50M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 1
| GD General Dynamics Corporation | −$9.11B |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $9.56B | 3 | +26.19% | +17.59% | +8.60% | +0.00B |
| 2025-12-31 | $9.42B | 3 | +28.45% | +17.72% | +10.73% | -0.12B |
| 2025-09-30 | $9.70B | 3 | +15.21% | +17.52% | -2.30% | -0.30B |
| 2025-06-30 | $8.61B | 3 | +4.22% | +14.94% | -10.72% | -0.07B |
| 2025-03-31 | $7.97B | 3 | -2.20% | +8.30% | -10.51% | -0.04B |
| 2024-12-31 | $7.76B | 3 | +3.56% | +24.89% | -21.33% | -0.04B |
| 2024-09-30 | $8.83B | 3 | +38.85% | +36.04% | +2.82% | -0.04B |
| 2024-06-30 | $8.45B | 3 | +36.08% | +24.49% | +11.58% | +0.02B |
| 2024-03-31 | $8.25B | 2 | +26.61% | +29.62% | -3.01% | -0.09B |
| 2023-12-31 | $7.63B | 2 | +8.30% | +26.18% | -17.87% | -0.05B |
| 2023-09-30 | $6.49B | 2 | +7.57% | +21.57% | -14.00% | -0.04B |
| 2023-06-30 | $6.34B | 2 | +0.42% | +19.42% | -19.00% | -0.04B |
| 2023-03-31 | $6.71B | 2 | -2.33% | -7.82% | +5.49% | -0.04B |
| 2022-12-31 | $7.21B | 2 | +17.55% | +7.56% | +9.99% | -0.48B |
| 2022-09-30 | $6.54B | 2 | -3.88% | -4.93% | +1.05% | -0.00B |
| 2022-06-30 | $6.81B | 2 | -7.57% | -16.11% | +8.54% | -0.07B |