Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-15.64%
trims when stocks drop
when a holding falls −10%+
Middle response
-24.93%
baseline attrition
Rally response
-46.05%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HOLXHologic, Inc. | $16M | 38.0% | +22.4% | 0.5 yr |
| ZIMZIM Integrated Shipping | $10M | 22.2% | +98.9% | 0.3 yr |
| TERNTerns Pharmaceuticals, I | $5M | 12.2% | — | 0.3 yr |
| ACLXArcellx, Inc. | $4M | 8.9% | — | 0.3 yr |
| TPHTri Pointe Homes, Inc. | $1M | 3.3% | +46.4% | 0.3 yr |
| PENPenumbra, Inc. | $1M | 2.1% | +22.8% | 0.3 yr |
| YEXTYext, Inc. | $1M | 2.0% | -37.7% | 0.3 yr |
| AESThe AES Corporation | $1M | 2.0% | +19.9% | 0.5 yr |
| BHFBrighthouse Financial, I | $1M | 1.9% | +3.3% | 0.5 yr |
| BSXBoston Scientific Corpor | $1M | 1.6% | -37.8% | 0.3 yr |
| WESWestern Midstream Partne | $1M | 1.4% | +10.3% | 0.8 yr |
| WBDWarner Bros. Discovery, | $0M | 1.0% | +155.9% | 0.5 yr |
| JHGJanus Henderson Group pl | $0M | 0.9% | +46.4% | 0.3 yr |
| PSKYParamount Skydance Corpo | $0M | 0.7% | — | 0.8 yr |
| GLDDGreat Lakes Dredge & Doc | $0M | 0.6% | +95.4% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Medical - Instruments & Supplies38.0%$16M
Marine Shipping22.2%$10M
Biotechnology21.2%+20.9pp$9M
Medical - Devices3.9%$2M
Residential Construction3.3%$1M
Software - Application2.0%+2.0pp$1M
Independent Power Producers2.0%$1M
Insurance - Life1.9%$1M
Entertainment1.7%+1.7pp$1M
Oil & Gas Midstream1.4%$1M
Country
US76.5%-21.8pp
IL22.2%+22.2pp
GB0.9%
Unknown0.4%-1.2pp
CA0.0%-0.1pp
CN0.0%-0.0pp
AE0.0%-0.0pp
Top 5: 84.6% · Top 10: 94.3% · Top 25: 99.9%
Top buys this quarter · 15
| HOLX Hologic, Inc. | +$12M |
| ZIM ZIM Integrated Shipping Servicnew | +$10M |
| TPH Tri Pointe Homes, Inc.new | +$1M |
| PEN Penumbra, Inc.new | +$1M |
| YEXT Yext, Inc.new | +$1M |
| AES The AES Corporation | +$1M |
| BHF Brighthouse Financial, Inc. | +$1M |
| BSX Boston Scientific Corporationnew | +$1M |
| JHG Janus Henderson Group plcnew | +$0M |
| GLDD Great Lakes Dredge & Dock Corpnew | +$0M |
Top sells this quarter · 15
| EA Electronic Arts Inc.exit | −$2M |
| KBDC Kayne Anderson BDC, Inc.exit | −$2M |
| PSKY Paramount Skydance Corporation | −$1M |
| WBD Warner Bros. Discovery, Inc. | −$1M |
| GME GameStop Corp. | −$0M |
| KROS Keros Therapeutics, Inc.exit | −$0M |
| COMP Compass, Inc.exit | −$0M |
| WES Western Midstream Partners, LP | −$0M |
| HRI Herc Holdings Inc.exit | −$0M |
| SIRI Sirius XM Holdings Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $43M | 47 | +17.05% | +17.59% | -0.54% | +0.02B |
| 2025-12-31 | $21M | 47 | -12.82% | +17.72% | -30.54% | +0.00B |
| 2025-09-30 | $17M | 45 | -13.76% | +17.52% | -31.28% | -0.01B |
| 2025-06-30 | $25M | 42 | -19.25% | +14.94% | -34.19% | -0.01B |
| 2025-03-31 | $35M | 40 | -22.83% | +8.30% | -31.13% | +0.02B |
| 2024-12-31 | $15M | 40 | -9.34% | +24.89% | -34.23% | +0.00B |
| 2024-09-30 | $11M | 43 | -26.72% | +36.04% | -62.76% | -0.00B |
| 2024-06-30 | $13M | 49 | -34.92% | +24.49% | -59.41% | -0.05B |
| 2024-03-31 | $57M | 71 | -2.45% | +29.62% | -32.08% | -0.02B |
| 2023-12-31 | $92M | 76 | +13.03% | +26.18% | -13.15% | +0.02B |
| 2023-09-30 | $99M | 88 | +34.86% | +21.57% | +13.30% | -0.03B |
| 2023-06-30 | $141M | 71 | +24.70% | +19.42% | +5.27% | -0.03B |
| 2023-03-31 | $106M | 115 | -45.09% | -7.82% | -37.28% | -0.07B |
| 2022-12-31 | $171M | 152 | -8.60% | +7.56% | -16.16% | -0.04B |
| 2022-09-30 | $226M | 172 | -13.71% | -4.93% | -8.78% | +0.04B |
| 2022-06-30 | $213M | 193 | -30.69% | -16.11% | -14.58% | +0.07B |