Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.35%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.12%
steady accumulation
Rally response
-2.41%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LASRnLIGHT, Inc. | $110M | 5.6% | +633.8% | 7.0 yr |
| VICRVicor Corporation | $84M | 4.3% | +244.2% | 10.5 yr |
| VRTVertiv Holdings Co | $71M | 3.7% | +247.5% | 4.5 yr |
| PDFSPDF Solutions, Inc. | $66M | 3.4% | +71.2% | 10.5 yr |
| AIPArteris, Inc. | $65M | 3.3% | +137.9% | 3.3 yr |
| FORMFormFactor, Inc. | $59M | 3.0% | +242.8% | 10.5 yr |
| VSHVishay Intertechnology, | $53M | 2.7% | +16.1% | 10.5 yr |
| LINCLincoln Educational Serv | $52M | 2.7% | +156.3% | 2.0 yr |
| ODCOil-Dri Corporation of A | $44M | 2.3% | +43.6% | 10.5 yr |
| NVMINova Ltd. | $40M | 2.0% | +135.6% | 10.5 yr |
| UTIUniversal Technical Inst | $37M | 1.9% | +40.6% | 2.0 yr |
| SMCISuper Micro Computer, In | $37M | 1.9% | -33.5% | 1.5 yr |
| THRThermon Group Holdings, | $32M | 1.6% | +81.0% | 4.5 yr |
| TDUPThredUp Inc. | $30M | 1.6% | +36.1% | 4.8 yr |
| VECOVeeco Instruments Inc. | $30M | 1.5% | +68.6% | 6.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors24.9%+5.8pp$487M
Hardware, Equipment & Parts10.4%-1.3pp$203M
Software - Application5.6%-2.9pp$109M
Industrial - Machinery5.1%+0.8pp$100M
Electrical Equipment & Parts4.6%+1.9pp$90M
Education & Training Services4.6%+2.8pp$89M
Chemicals - Specialty4.3%+0.3pp$84M
Engineering & Construction3.9%+1.2pp$76M
Aerospace & Defense3.2%+1.0pp$63M
Computer Hardware2.2%-2.5pp$44M
Country
US92.8%+1.6pp
IL2.6%-0.2pp
GB2.1%-1.2pp
Unknown1.2%+0.2pp
IE0.6%-0.1pp
NL0.4%+0.1pp
CA0.3%-0.2pp
Top 5: 20.3% · Top 10: 32.9% · Top 25: 54.2%
Top buys this quarter · 15
| TNC Tennant Company | +$11M |
| TDUP ThredUp Inc. | +$30M |
| VSH Vishay Intertechnology, Inc. | +$10M |
| AIP Arteris, Inc. | +$9M |
| TTI TETRA Technologies, Inc. | +$9M |
| UTI Universal Technical Institute, | +$8M |
| GNRC Generac Holdings Inc. | +$7M |
| CRAI CRA International, Inc. | +$7M |
| VITL Vital Farms, Inc. | +$16M |
| MTZ MasTec, Inc.new | +$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.95B | 175 | +66.46% | +17.59% | +48.87% | +0.12B |
| 2025-12-31 | $1.58B | 161 | +23.09% | +17.72% | +5.37% | +0.08B |
| 2025-09-30 | $1.43B | 160 | +14.32% | +17.52% | -3.20% | +0.04B |
| 2025-06-30 | $1.25B | 149 | +4.20% | +14.94% | -10.74% | -0.06B |
| 2025-03-31 | $1.07B | 149 | -12.07% | +8.30% | -20.37% | -0.05B |
| 2024-12-31 | $1.29B | 149 | +12.01% | +24.89% | -12.87% | +0.03B |
| 2024-09-30 | $1.30B | 145 | +33.61% | +36.04% | -2.43% | +0.07B |
| 2024-06-30 | $1.22B | 140 | +18.66% | +24.49% | -5.83% | +0.10B |
| 2024-03-31 | $1.07B | 130 | +26.44% | +29.62% | -3.18% | +0.21B |
| 2023-12-31 | $789M | 129 | +23.32% | +26.18% | -2.85% | +0.11B |
| 2023-09-30 | $586M | 119 | +11.09% | +21.57% | -10.48% | +0.04B |
| 2023-06-30 | $606M | 119 | +15.87% | +19.42% | -3.55% | -0.03B |
| 2023-03-31 | $578M | 120 | -19.59% | -7.82% | -11.77% | -0.01B |
| 2022-12-31 | $551M | 116 | +4.43% | +7.56% | -3.13% | +0.02B |
| 2022-09-30 | $509M | 117 | -6.01% | -4.93% | -1.08% | +0.01B |
| 2022-06-30 | $533M | 120 | -23.24% | -16.11% | -7.13% | +0.00B |