Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.07%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.18%
baseline attrition
Rally response
-13.69%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SHCSotera Health Company | $274M | 79.8% | +23.0% | 5.5 yr |
| BANCBanc of California, Inc. | $46M | 13.5% | +27.0% | 2.5 yr |
| CWANClearwater Analytics Hol | $23M | 6.7% | -11.8% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Medical - Diagnostics & Research79.8%+14.1pp$274M
Banks - Regional13.5%-3.4pp$46M
Software - Application6.7%-1.2pp$23M
Country
US100.0%+8.0pp
Top 5: 100.0% · 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 | $343M | 3 | +28.30% | +17.59% | +10.70% | -0.50B |
| 2025-12-31 | $984M | 4 | +29.40% | +17.72% | +11.68% | -0.51B |
| 2025-09-30 | $1.35B | 4 | +1.39% | +17.52% | -16.13% | -0.20B |
| 2025-06-30 | $1.18B | 5 | +0.80% | +14.94% | -14.14% | -0.17B |
| 2025-03-31 | $1.31B | 6 | -7.03% | +8.30% | -15.33% | -0.00B |
| 2024-12-31 | $1.52B | 6 | -17.75% | +24.89% | -42.64% | -0.17B |
| 2024-09-30 | $1.95B | 7 | +5.69% | +36.04% | -30.34% | -0.35B |
| 2024-06-30 | $1.75B | 7 | -30.38% | +24.49% | -54.87% | +0.04B |
| 2024-03-31 | $1.81B | 7 | -24.16% | +29.62% | -53.78% | -0.23B |
| 2023-12-31 | $2.68B | 8 | +38.18% | +26.18% | +12.00% | -0.43B |
| 2023-09-30 | $2.77B | 7 | +22.31% | +21.57% | +0.74% | -0.45B |
| 2023-06-30 | $3.73B | 9 | +14.56% | +19.42% | -4.87% | +0.57B |
| 2023-03-31 | $3.07B | 9 | -32.05% | -7.82% | -24.23% | -0.04B |
| 2022-12-31 | $2.24B | 11 | -0.99% | +7.56% | -8.55% | +0.18B |
| 2022-09-30 | $2.08B | 11 | -19.20% | -4.93% | -14.27% | -0.53B |
| 2022-06-30 | $3.23B | 10 | -38.76% | -16.11% | -22.65% | +0.86B |