Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+11.43%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.53%
baseline attrition
Rally response
-10.66%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DARDarling Ingredients Inc. | $48M | 7.0% | +98.0% | 10.5 yr |
| MUSAMurphy USA Inc. | $42M | 6.1% | +5.8% | 10.5 yr |
| BOOTBoot Barn Holdings, Inc. | $40M | 5.8% | +36.2% | 3.5 yr |
| LPXLouisiana-Pacific Corpor | $35M | 5.1% | -19.9% | 3.3 yr |
| EXTRExtreme Networks, Inc. | $35M | 5.0% | +14.0% | 1.3 yr |
| LOBLive Oak Bancshares, Inc | $34M | 5.0% | +24.5% | 3.5 yr |
| USPHU.S. Physical Therapy, I | $33M | 4.8% | +6.1% | 3.8 yr |
| BCOThe Brink's Company | $33M | 4.8% | +21.5% | 10.5 yr |
| CXTCrane NXT, Co. | $32M | 4.6% | -20.0% | 1.8 yr |
| BDCBelden Inc. | $30M | 4.3% | +14.7% | 8.0 yr |
| AGCOAGCO Corporation | $29M | 4.2% | +26.5% | 10.5 yr |
| MSAMSA Safety Incorporated | $28M | 4.1% | +13.2% | 1.0 yr |
| AWIArmstrong World Industri | $28M | 4.0% | +17.8% | 5.5 yr |
| DORMDorman Products, Inc. | $26M | 3.7% | -13.4% | 6.3 yr |
| EPACEnerpac Tool Group Corp. | $24M | 3.5% | -18.6% | 6.3 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery15.3%+9.9pp$106M
Communication Equipment9.3%+1.8pp$64M
Security & Protection Services8.8%+1.7pp$61M
Auto - Parts7.2%+0.7pp$50M
Packaged Foods7.0%+0.5pp$48M
Specialty Retail6.1%+1.6pp$42M
Apparel - Retail5.8%+0.4pp$40M
Chemicals - Specialty5.3%-1.2pp$37M
Paper, Lumber & Forest Products5.1%-1.0pp$35M
Banks - Regional5.0%+1.6pp$34M
Country
US100.0%+0.0pp
Top 5: 29.0% · Top 10: 52.4% · Top 25: 94.9%
Top buys this quarter · 15
| BOOT Boot Barn Holdings, Inc. | +$12M |
| DORM Dorman Products, Inc. | +$6M |
| EXTR Extreme Networks, Inc. | +$5M |
| CXT Crane NXT, Co. | +$5M |
| EPAC Enerpac Tool Group Corp. | +$2M |
| LPX Louisiana-Pacific Corporation | +$35M |
| OSK Oshkosh Corporation | +$2M |
| FND Floor & Decor Holdings, Inc. | +$4M |
| AWI Armstrong World Industries, In | +$28M |
| LOB Live Oak Bancshares, Inc. | +$34M |
Top sells this quarter · 15
| MOD Modine Manufacturing Company | −$30M |
| AEIS Advanced Energy Industries, In | −$25M |
| DAR Darling Ingredients Inc. | −$41M |
| BCO The Brink's Company | −$10M |
| MUSA Murphy USA Inc. | −$37M |
| USPH U.S. Physical Therapy, Inc. | −$3M |
| AGCO AGCO Corporation | −$28M |
| BDC Belden Inc. | −$3M |
| MSA MSA Safety Incorporated | −$2M |
| NGVT Ingevity Corporation | −$16M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $690M | 31 | +27.97% | +17.59% | +10.38% | -0.08B |
| 2025-12-31 | $716M | 32 | +6.50% | +17.72% | -11.22% | -0.03B |
| 2025-09-30 | $772M | 31 | +2.36% | +17.52% | -15.15% | -0.02B |
| 2025-06-30 | $712M | 31 | +2.77% | +14.94% | -12.17% | -0.06B |
| 2025-03-31 | $691M | 30 | -10.62% | +8.30% | -18.92% | -0.02B |
| 2024-12-31 | $803M | 30 | +8.04% | +24.89% | -16.85% | +0.02B |
| 2024-09-30 | $844M | 29 | +26.43% | +36.04% | -9.61% | -0.08B |
| 2024-06-30 | $829M | 27 | +5.39% | +24.49% | -19.10% | -0.04B |
| 2024-03-31 | $898M | 27 | +16.65% | +29.62% | -12.97% | -0.03B |
| 2023-12-31 | $867M | 29 | +12.88% | +26.18% | -13.30% | -0.06B |
| 2023-09-30 | $854M | 27 | +12.83% | +21.57% | -8.74% | -0.02B |
| 2023-06-30 | $948M | 26 | +21.92% | +19.42% | +2.50% | +0.01B |
| 2023-03-31 | $876M | 28 | +5.09% | -7.82% | +12.91% | -0.04B |
| 2022-12-31 | $878M | 29 | +9.19% | +7.56% | +1.63% | -0.01B |
| 2022-09-30 | $810M | 28 | +0.02% | -4.93% | +4.95% | +0.00B |
| 2022-06-30 | $807M | 27 | -7.51% | -16.11% | +8.60% | -0.05B |