Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.39%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.37%
baseline attrition
Rally response
-29.32%
trims into rallies
when a holding rises +10%+
Top positions · 6
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BLDRBuilders FirstSource, In | $13M | 32.2% | -34.1% | 10.0 yr |
| BCBrunswick Corporation | $10M | 23.9% | +38.7% | 2.0 yr |
| DKSDICK'S Sporting Goods, I | $7M | 17.2% | +0.1% | 1.0 yr |
| LCIILCI Industries | $5M | 12.6% | +46.9% | 1.8 yr |
| SNBRSleep Number Corporation | $5M | 11.6% | -71.6% | 4.5 yr |
| GTLBGitLab Inc. | $1M | 2.4% | -54.0% | 4.0 yr |
Portfolio composition (YoY)
Industry mix
Auto - Recreational Vehicles36.6%+7.8pp$15M
Construction32.2%+6.2pp$13M
Specialty Retail17.2%+14.1pp$7M
Furnishings, Fixtures & Appliances11.6%-3.6pp$5M
Software - Application2.4%+0.3pp$1M
Country
US100.0%+0.0pp
Top 5: 97.6% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $41M | 6 | -17.67% | +17.59% | -35.26% | -0.02B |
| 2025-12-31 | $86M | 6 | -18.62% | +17.72% | -36.34% | -0.01B |
| 2025-09-30 | $94M | 7 | -31.61% | +17.52% | -49.12% | -0.02B |
| 2025-06-30 | $109M | 7 | -16.11% | +14.94% | -31.05% | +0.00B |
| 2025-03-31 | $109M | 9 | -35.10% | +8.30% | -43.41% | +0.02B |
| 2024-12-31 | $118M | 10 | -1.26% | +24.89% | -26.14% | +0.00B |
| 2024-09-30 | $133M | 11 | +13.59% | +36.04% | -22.44% | +0.01B |
| 2024-06-30 | $91M | 9 | -18.49% | +24.49% | -42.98% | -0.01B |
| 2024-03-31 | $126M | 9 | +24.31% | +29.62% | -5.31% | -0.01B |
| 2023-12-31 | $119M | 8 | +18.32% | +26.18% | -7.85% | -0.00B |
| 2023-09-30 | $121M | 10 | +16.35% | +21.57% | -5.22% | +0.01B |
| 2023-06-30 | $117M | 14 | +9.41% | +19.42% | -10.02% | -0.05B |
| 2023-03-31 | $147M | 10 | -38.01% | -7.82% | -30.19% | -0.01B |
| 2022-12-31 | $147M | 11 | -0.85% | +7.56% | -8.41% | -0.02B |
| 2022-09-30 | $168M | 11 | -11.11% | -4.93% | -6.18% | +0.00B |
| 2022-06-30 | $184M | 10 | -34.19% | -16.11% | -18.08% | +0.05B |