Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.54%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.41%
baseline attrition
Rally response
-4.99%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ENSGThe Ensign Group, Inc. | $36M | 8.4% | +55.9% | 8.0 yr |
| CDNACareDx, Inc | $31M | 7.1% | -2.2% | 10.5 yr |
| AMRCAmeresco, Inc. | $21M | 4.9% | +111.1% | 10.5 yr |
| WGSGeneDx Holdings Corp. | $19M | 4.5% | -27.5% | 3.0 yr |
| EPDEnterprise Products Part | $19M | 4.5% | +18.7% | 8.5 yr |
| NVGSNavigator Holdings Ltd. | $17M | 4.0% | +46.8% | 10.3 yr |
| EQIXEquinix, Inc. | $17M | 3.8% | +23.0% | 9.5 yr |
| GNRCGenerac Holdings Inc. | $15M | 3.4% | +54.2% | 10.5 yr |
| ISRGIntuitive Surgical, Inc. | $15M | 3.4% | -6.9% | 8.0 yr |
| PCRXPacira BioSciences, Inc. | $14M | 3.2% | -9.1% | 7.0 yr |
| FRSHFreshworks Inc. | $14M | 3.2% | -43.1% | 4.8 yr |
| KMXCarMax, Inc. | $13M | 3.0% | -46.6% | 10.5 yr |
| PROFProfound Medical Corp. | $13M | 2.9% | +11.3% | 6.3 yr |
| CAKEThe Cheesecake Factory I | $12M | 2.8% | +14.8% | 8.5 yr |
| BLBlackLine, Inc. | $11M | 2.5% | -23.6% | 7.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Application12.8%-0.1pp$55M
Medical - Care Facilities9.3%+2.2pp$40M
Oil & Gas Midstream8.4%+2.3pp$37M
Medical - Devices7.9%-4.3pp$34M
Medical - Diagnostics & Research7.1%-1.1pp$31M
Medical - Instruments & Supplies6.0%+0.8pp$26M
Medical - Healthcare Information Services5.6%-0.0pp$24M
Auto - Dealerships5.1%+0.3pp$22M
Engineering & Construction4.9%+2.4pp$21M
Restaurants4.1%-0.5pp$18M
Country
US91.0%-1.0pp
CA4.2%+1.3pp
GB4.0%+1.5pp
Unknown0.4%-1.4pp
JP0.2%-0.0pp
JE0.1%+0.0pp
TW0.1%-0.0pp
Top 5: 29.3% · Top 10: 47.1% · Top 25: 79.5%
Top buys this quarter · 15
| HNGE Hinge Health, Inc.new | +$5M |
| FRSH Freshworks Inc. | +$14M |
| QDEL QuidelOrtho Corporation | +$4M |
| WGS GeneDx Holdings Corp. | +$19M |
| TMCI Treace Medical Concepts, Inc. | +$7M |
| PCRX Pacira BioSciences, Inc. | +$3M |
| ASPN Aspen Aerogels, Inc. | +$2M |
| AMPL Amplitude, Inc. | +$7M |
| VERX Vertex, Inc. | +$6M |
| DOCU DocuSign, Inc.new | +$1M |
Top sells this quarter · 15
| AL Air Lease Corporationexit | −$32M |
| EXAS Exact Sciences Corporationexit | −$17M |
| TPR Tapestry, Inc.exit | −$3M |
| NVDA NVIDIA Corporation | −$3M |
| HZO MarineMax, Inc. | −$3M |
| XOM Exxon Mobil Corporationexit | −$1M |
| AOSL Alpha and Omega Semiconductor | −$1M |
| WCP.TO Whitecap Resources Inc. | −$4M |
| EPD Enterprise Products Partners L | −$17M |
| KMX CarMax, Inc. | −$12M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $433M | 85 | +10.22% | +17.59% | -7.37% | -0.02B |
| 2025-12-31 | $491M | 86 | +5.93% | +17.72% | -11.79% | -0.02B |
| 2025-09-30 | $499M | 86 | +11.33% | +17.52% | -6.19% | -0.02B |
| 2025-06-30 | $492M | 87 | +19.50% | +14.94% | +4.56% | -0.01B |
| 2025-03-31 | $455M | 98 | +10.05% | +8.30% | +1.75% | +0.01B |
| 2024-12-31 | $496M | 91 | +24.36% | +24.89% | -0.53% | -0.04B |
| 2024-09-30 | $504M | 102 | +19.17% | +36.04% | -16.87% | +0.00B |
| 2024-06-30 | $444M | 97 | -0.39% | +24.49% | -24.88% | +0.01B |
| 2024-03-31 | $423M | 97 | +5.16% | +29.62% | -24.46% | +0.00B |
| 2023-12-31 | $417M | 102 | +6.69% | +26.18% | -19.49% | +0.01B |
| 2023-09-30 | $399M | 97 | -24.14% | +21.57% | -45.71% | -0.05B |
| 2023-06-30 | $481M | 97 | -40.91% | +19.42% | -60.33% | -0.03B |
| 2023-03-31 | $476M | 112 | -78.82% | -7.82% | -71.01% | +0.03B |
| 2022-12-31 | $437M | 99 | -27.21% | +7.56% | -34.77% | +0.11B |
| 2022-09-30 | $455M | 101 | -26.55% | -4.93% | -21.62% | +0.10B |
| 2022-06-30 | $477M | 101 | -61.41% | -16.11% | -45.30% | +0.24B |