Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.48%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.29%
baseline attrition
Rally response
-0.72%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGAlphabet Inc. | $6M | 4.1% | +84.3% | 6.3 yr |
| KLACKLA Corporation | $5M | 3.3% | +118.2% | 4.8 yr |
| LRCXLam Research Corporation | $4M | 2.8% | +196.1% | 1.8 yr |
| NVSNovartis AG | $4M | 2.5% | +39.7% | 10.5 yr |
| SNASnap-on Incorporated | $3M | 2.1% | +10.7% | 9.3 yr |
| LINLinde plc | $3M | 2.1% | +7.9% | 3.3 yr |
| PHParker-Hannifin Corporat | $3M | 2.0% | +48.6% | 10.5 yr |
| PACGrupo Aeroportuario del | $3M | 1.9% | +37.5% | 10.5 yr |
| ITTITT Inc. | $3M | 1.9% | +48.7% | 10.0 yr |
| TIH.TOToromont Industries Ltd. | $3M | 1.8% | +75.3% | 1.3 yr |
| TSMTaiwan Semiconductor Man | $3M | 1.7% | +105.6% | 3.3 yr |
| HUBBHubbell Incorporated | $3M | 1.7% | +50.1% | 10.5 yr |
| — | $3M | 1.6% | — | 10.5 yr |
| GWWW.W. Grainger, Inc. | $2M | 1.6% | +11.4% | 10.5 yr |
| KMIKinder Morgan, Inc. | $2M | 1.6% | +22.6% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors9.6%+4.7pp$15M
Industrial - Machinery8.7%-1.3pp$13M
Unknown8.3%-2.9pp$13M
Oil & Gas Midstream7.1%+0.1pp$11M
Internet Content & Information5.5%+1.4pp$8M
Chemicals - Specialty4.9%-0.0pp$8M
Oil & Gas Exploration & Production4.4%+1.1pp$7M
Industrial - Distribution4.2%+0.6pp$7M
Banks - Regional3.7%+1.0pp$6M
Drug Manufacturers - General3.6%+0.9pp$6M
Country
US68.4%-2.9pp
Unknown8.3%-2.9pp
CA7.8%+4.0pp
CH4.2%+0.3pp
GB2.7%-0.4pp
MX1.9%+0.2pp
TW1.7%+0.9pp
FR1.7%+0.6pp
Top 5: 14.9% · Top 10: 24.5% · Top 25: 46.4%
Top buys this quarter · 15
| TET.L Treatt plcnew | +$14M |
| DOL.TO Dollarama Inc.new | +$3M |
| PMZ-UN.TO Primaris Real Estate Investmen | +$2M |
| CLMB Climb Global Solutions, Inc. | +$1M |
| PAYX Paychex, Inc. | +$1M |
| AGYS Agilysys, Inc. | +$1M |
| ZTS Zoetis Inc.new | +$1M |
| HPE Hewlett Packard Enterprise Comnew | +$0M |
| MSFT Microsoft Corporation | +$0M |
| KMI Kinder Morgan, Inc. | +$0M |
Top sells this quarter · 15
| LIF.TO Labrador Iron Ore Royalty Corp | −$4M |
| AVY Avery Dennison Corporationexit | −$2M |
| META Meta Platforms, Inc. | −$1M |
| NGG National Grid plcexit | −$1M |
| SFL SFL Corporation Ltd.exit | −$1M |
| FAST Fastenal Company | −$1M |
| GS The Goldman Sachs Group, Inc.exit | −$1M |
| HON Honeywell International Inc. | −$1M |
| EMR Emerson Electric Co. | −$1M |
| CMI Cummins Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $154M | 128 | +21.96% | +17.59% | +4.37% | -0.01B |
| 2025-12-31 | $152M | 138 | +18.06% | +17.72% | +0.34% | +0.00B |
| 2025-09-30 | $154M | 142 | +29.05% | +17.52% | +11.54% | -0.00B |
| 2025-06-30 | $138M | 142 | +17.28% | +14.94% | +2.34% | -0.01B |
| 2025-03-31 | $147M | 143 | +16.79% | +8.30% | +8.48% | -0.01B |
| 2024-12-31 | $150M | 144 | +16.28% | +24.89% | -8.60% | -0.02B |
| 2024-09-30 | $156M | 145 | +25.34% | +36.04% | -10.69% | +0.00B |
| 2024-06-30 | $148M | 145 | +14.85% | +24.49% | -9.64% | -0.02B |
| 2024-03-31 | $162M | 154 | +12.86% | +29.62% | -16.76% | +0.00B |
| 2023-12-31 | $151M | 155 | +4.94% | +26.18% | -21.24% | -0.01B |
| 2023-09-30 | $138M | 153 | +0.50% | +21.57% | -21.07% | +0.00B |
| 2023-06-30 | $146M | 154 | -2.40% | +19.42% | -21.83% | +0.00B |
| 2023-03-31 | $144M | 152 | -4.94% | -7.82% | +2.88% | +0.01B |
| 2022-12-31 | $140M | 151 | +9.04% | +7.56% | +1.48% | +0.00B |
| 2022-09-30 | $125M | 147 | -8.30% | -4.93% | -3.38% | +0.00B |
| 2022-06-30 | $135M | 148 | -2.52% | -16.11% | +13.60% | -0.02B |