Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.00%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.71%
baseline attrition
Rally response
-5.42%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SMBCSouthern Missouri Bancor | $14M | 12.4% | +25.0% | 10.5 yr |
| LCTXLineage Cell Therapeutic | $8M | 7.4% | +249.9% | 5.3 yr |
| EBCEastern Bankshares, Inc. | $8M | 6.7% | +22.9% | 5.5 yr |
| CBKCommercial Bancgroup, In | $6M | 5.6% | — | 0.5 yr |
| PROVProvident Financial Hold | $6M | 5.5% | +14.6% | 10.5 yr |
| IEIvanhoe Electric Inc. | $6M | 5.5% | +103.4% | 3.0 yr |
| OFGOFG Bancorp | $6M | 4.9% | +3.3% | 3.5 yr |
| GLBKVGCI Liberty, Inc. Series | $5M | 4.7% | — | 0.5 yr |
| — | $5M | 4.3% | — | 2.0 yr |
| AFBIAffinity Bancshares, Inc | $4M | 3.8% | +25.3% | 5.3 yr |
| VMDViemed Healthcare, Inc. | $4M | 3.3% | +26.5% | 6.8 yr |
| COSOCoastalSouth Bancshares, | $3M | 2.6% | +16.0% | 0.8 yr |
| ASLEAerSale Corporation | $3M | 2.5% | -17.0% | 2.0 yr |
| GLLProShares - UltraShort G | $3M | 2.3% | — | 0.5 yr |
| MSOSAdvisorShares Pure US Ca | $2M | 2.0% | — | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional44.2%-6.4pp$51M
Biotechnology7.4%+4.2pp$8M
Unknown5.7%-3.7pp$7M
Banks5.6%$6M
Copper5.5%-2.2pp$6M
Telecommunications Services4.7%$5M
Asset Management - Leveraged4.6%$5M
Medical - Devices3.3%-0.3pp$4M
Asset Management3.0%-2.1pp$3M
Airlines, Airports & Air Services2.5%-1.7pp$3M
Country
US85.8%+7.1pp
CA6.0%-3.4pp
Unknown5.7%-3.7pp
IL1.5%
JP1.0%-1.5pp
Top 5: 37.5% · Top 10: 60.7% · Top 25: 88.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| IE | $6M | +0.01B | 103.4% |
| LCTX | $3M | +0.01B | 249.9% |
| SMBC | $12M | +0.00B | 25.0% |
| EBC | $6M | +0.00B | 22.9% |
| AFBI | $4M | +0.00B | 25.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ASLE | $3M | -0.00B | -17.0% |
Top buys this quarter · 10
| OFG OFG Bancorp | +$1M |
| PERI Perion Network Ltd. | +$1M |
| EBC Eastern Bankshares, Inc. | +$1M |
| TIPT Tiptree Inc. | +$0M |
| AP Ampco-Pittsburgh Corporationnew | +$0M |
| HHS Harte Hanks, Inc. | +$0M |
| MSOS AdvisorShares Pure US Cannabis | +$0M |
| TMF Direxion Daily 20+ Year Treasunew | +$0M |
| JETS U.S. Global Jets ETFnew | +$0M |
| GLBKV GCI Liberty, Inc. Series C GCI | +$0M |
Top sells this quarter · 15
| FBP First BanCorp. | −$2M |
| PKST Peakstone Realty Trustexit | −$2M |
| NXE NexGen Energy Ltd. | −$1M |
| IE Ivanhoe Electric Inc. | −$0M |
| ALTO Alto Ingredients, Inc.exit | −$0M |
| ESOA Energy Services of America Cor | −$2M |
| NBBK NB Bancorp, Inc. Common Stock | −$0M |
| SMBC Southern Missouri Bancorp, Inc | −$13M |
| ASLE AerSale Corporation | −$0M |
| CBK Commercial Bancgroup, Inc. Com | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $115M | 49 | +38.95% | +17.59% | +21.35% | -0.02B |
| 2025-12-31 | $133M | 54 | +26.58% | +17.72% | +8.86% | +0.02B |
| 2025-09-30 | $107M | 49 | +14.96% | +17.52% | -2.55% | -0.00B |
| 2025-06-30 | $96M | 48 | +10.95% | +14.94% | -3.99% | +0.00B |
| 2025-03-31 | $82M | 43 | -3.38% | +8.30% | -11.68% | -0.00B |
| 2024-12-31 | $93M | 49 | +2.89% | +24.89% | -22.00% | -0.00B |
| 2024-09-30 | $97M | 48 | +23.74% | +36.04% | -12.30% | -0.00B |
| 2024-06-30 | $89M | 52 | +13.19% | +24.49% | -11.30% | +0.00B |
| 2024-03-31 | $86M | 51 | +15.15% | +29.62% | -14.47% | +0.01B |
| 2023-12-31 | $79M | 47 | +5.27% | +26.18% | -20.91% | -0.01B |
| 2023-09-30 | $75M | 46 | -11.84% | +21.57% | -33.41% | +0.00B |
| 2023-06-30 | $74M | 45 | -11.10% | +19.42% | -30.53% | +0.00B |
| 2023-03-31 | $73M | 46 | -18.61% | -7.82% | -10.80% | -0.00B |
| 2022-12-31 | $85M | 47 | -3.55% | +7.56% | -11.11% | -0.00B |
| 2022-09-30 | $94M | 50 | +2.05% | -4.93% | +6.98% | +0.00B |
| 2022-06-30 | $92M | 48 | -8.77% | -16.11% | +7.34% | +0.00B |