Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.08%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.15%
baseline attrition
Rally response
-2.12%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MGMistras Group, Inc. | $22M | 21.5% | — | 0.5 yr |
| NGSNatural Gas Services Gro | $18M | 18.2% | — | 0.5 yr |
| ANGOAngioDynamics, Inc. | $16M | 15.6% | — | 0.5 yr |
| AOSLAlpha and Omega Semicond | $12M | 12.0% | — | 0.5 yr |
| TLSTelos Corporation | $7M | 7.4% | — | 0.5 yr |
| CRAICRA International, Inc. | $6M | 6.1% | — | 0.5 yr |
| CTLPCantaloupe, Inc. | $6M | 5.7% | — | 0.5 yr |
| AVNWAviat Networks, Inc. | $3M | 3.2% | — | 0.5 yr |
| HCKTThe Hackett Group, Inc. | $3M | 2.9% | — | 0.5 yr |
| IWCiShares Micro-Cap ETF | $3M | 2.9% | — | 0.5 yr |
| ARAYAccuray Incorporated | $2M | 2.0% | — | 0.5 yr |
| HBIOHarvard Bioscience, Inc. | $2M | 1.6% | — | 0.3 yr |
| TMCITreace Medical Concepts, | $1M | 0.8% | — | 0.5 yr |
| IRIXIRIDEX Corporation | $0M | 0.3% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Security & Protection Services21.5%$22M
Oil & Gas Equipment & Services18.2%$18M
Medical - Instruments & Supplies17.2%$17M
Information Technology Services16.0%$16M
Semiconductors12.0%$12M
Consulting Services6.1%$6M
Communication Equipment3.2%$3M
Medical - Devices3.0%$3M
Asset Management2.9%$3M
Country
US100.0%
Top 5: 74.7% · Top 10: 95.4% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 1
| HBIO Harvard Bioscience, Inc.new | +$2M |
Top sells this quarter · 10
| — exit | −$0M |
| NGS Natural Gas Services Group, In | −$17M |
| CTLP Cantaloupe, Inc. | −$0M |
| MG Mistras Group, Inc. | −$19M |
| ANGO AngioDynamics, Inc. | −$0M |
| CRAI CRA International, Inc. | −$0M |
| TLS Telos Corporation | −$0M |
| AOSL Alpha and Omega Semiconductor | −$11M |
| HCKT The Hackett Group, Inc. | −$0M |
| AVNW Aviat Networks, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $100M | 14 | -2.66% | -4.37% | +1.71% | -0.00B |
| 2025-12-31 | $106M | 14 | — | — | — | — |