Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.34%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.03%
baseline attrition
Rally response
-7.32%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $38M | 4.2% | +60.9% | 1.8 yr |
| AAPLApple Inc. | $30M | 3.3% | +14.7% | 3.3 yr |
| GOOGAlphabet Inc. | $26M | 2.9% | +84.3% | 1.8 yr |
| MSFTMicrosoft Corporation | $26M | 2.9% | -0.6% | 2.8 yr |
| AMZNAmazon.com, Inc. | $17M | 1.9% | +9.5% | 1.8 yr |
| METAMeta Platforms, Inc. | $14M | 1.5% | -0.4% | 2.8 yr |
| AVGOBroadcom Inc. | $13M | 1.4% | +86.0% | 1.8 yr |
| WMTWalmart Inc. | $10M | 1.1% | +42.8% | 6.8 yr |
| TAT&T Inc. | $10M | 1.1% | +5.9% | 4.5 yr |
| NFLXNetflix, Inc. | $10M | 1.1% | +3.1% | 1.8 yr |
| IMKTAIngles Markets, Incorpor | $9M | 1.0% | — | 9.0 yr |
| COSTCostco Wholesale Corpora | $9M | 1.0% | +5.9% | 1.8 yr |
| LLYEli Lilly and Company | $9M | 0.9% | +12.2% | 1.8 yr |
| MBINMerchants Bancorp | $8M | 0.9% | +17.3% | 7.5 yr |
| NOGNorthern Oil and Gas, In | $8M | 0.9% | +1.9% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional8.5%+1.0pp$77M
Semiconductors6.8%+1.2pp$61M
Asset Management6.3%-4.9pp$57M
Software - Infrastructure5.7%-0.6pp$51M
Internet Content & Information4.6%+0.3pp$42M
Consumer Electronics3.3%-0.7pp$30M
Residential Construction2.8%+0.8pp$25M
Oil & Gas Exploration & Production2.7%-0.3pp$24M
Specialty Retail2.7%-0.8pp$24M
Financial - Credit Services2.2%-1.3pp$19M
Country
US88.8%-2.6pp
CA2.3%+0.7pp
Unknown1.8%+0.7pp
BM1.5%-0.3pp
MC1.1%+0.1pp
GB0.9%+0.3pp
IE0.5%+0.4pp
SE0.5%+0.1pp
Top 5: 15.3% · Top 10: 21.6% · Top 25: 35.3%
Top buys this quarter · 15
| GBX The Greenbrier Companies, Inc. | +$6M |
| WS Worthington Steel, Inc. | +$4M |
| PRIM Primoris Services Corporation | +$3M |
| MCY Mercury General Corporation | +$3M |
| CVX Chevron Corporation | +$3M |
| MGRC McGrath RentCorp | +$3M |
| LLY Eli Lilly and Company | +$2M |
| FTI TechnipFMC plc | +$2M |
| TTAM Titan America S.A.new | +$2M |
| CBT Cabot Corporation | +$2M |
Top sells this quarter · 15
| PLAB Photronics, Inc. | −$7M |
| HPK HighPeak Energy, Inc.exit | −$4M |
| LNG Cheniere Energy, Inc. | −$4M |
| PFBC Preferred Bank | −$4M |
| CEG Constellation Energy Corporatiexit | −$4M |
| VAL Valaris Limitedexit | −$3M |
| SM SM Energy Company | −$6M |
| WSFS WSFS Financial Corporationexit | −$3M |
| DNOW Dnow Inc.exit | −$3M |
| AMP Ameriprise Financial, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $900M | 307 | +20.08% | +17.59% | +2.49% | -0.00B |
| 2025-12-31 | $901M | 321 | +13.10% | +17.72% | -4.62% | +0.02B |
| 2025-09-30 | $885M | 297 | +15.01% | +17.52% | -2.50% | -0.16B |
| 2025-06-30 | $960M | 288 | +13.65% | +14.94% | -1.29% | -0.02B |
| 2025-03-31 | $879M | 274 | -2.47% | +8.30% | -10.78% | -0.02B |
| 2024-12-31 | $954M | 271 | +8.41% | +24.89% | -16.48% | +0.01B |
| 2024-09-30 | $931M | 271 | +26.48% | +36.04% | -9.56% | +0.54B |
| 2024-06-30 | $365M | 175 | +17.57% | +24.49% | -6.92% | +0.04B |
| 2024-03-31 | $340M | 450 | +32.12% | +29.62% | +2.49% | -0.00B |
| 2023-12-31 | $327M | 451 | +28.59% | +26.18% | +2.41% | -0.01B |
| 2023-09-30 | $285M | 468 | +22.10% | +21.57% | +0.53% | -0.00B |
| 2023-06-30 | $285M | 469 | +13.28% | +19.42% | -6.15% | +0.03B |
| 2023-03-31 | $240M | 436 | -5.81% | -7.82% | +2.01% | -0.00B |
| 2022-12-31 | $239M | 415 | +11.83% | +7.56% | +4.27% | +0.00B |
| 2022-09-30 | $211M | 353 | -7.14% | -4.93% | -2.21% | -0.00B |
| 2022-06-30 | $229M | 376 | -10.93% | -16.11% | +5.18% | -0.00B |