Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.89%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.85%
baseline attrition
Rally response
-9.76%
trims into rallies
when a holding rises +10%+
Top positions · 6
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MCWMister Car Wash, Inc. | $1.53B | 55.2% | -11.7% | 4.8 yr |
| LTHLife Time Group Holdings | $671M | 24.2% | -10.8% | 4.5 yr |
| CLVTClarivate Plc | $295M | 10.7% | -35.6% | 5.5 yr |
| WSMWilliams-Sonoma, Inc. | $182M | 6.6% | +17.1% | 2.8 yr |
| ELYCallaway Golf Company | $79M | 2.8% | — | 2.0 yr |
| — | $13M | 0.5% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Personal Products & Services55.2%+12.6pp$1.53B
Leisure27.1%-5.3pp$750M
Information Technology Services10.7%-0.6pp$295M
Specialty Retail6.6%-6.0pp$182M
Unknown0.5%$13M
Country
US88.9%+0.2pp
GB10.7%-0.6pp
Unknown0.5%
Top 5: 99.5% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| — new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.77B | 6 | -2.41% | +17.59% | -20.00% | -0.20B |
| 2025-12-31 | $2.57B | 7 | -8.91% | +17.72% | -26.63% | +0.01B |
| 2025-09-30 | $2.63B | 8 | -8.42% | +17.52% | -25.94% | -0.57B |
| 2025-06-30 | $3.37B | 8 | +5.76% | +14.94% | -9.19% | -0.34B |
| 2025-03-31 | $4.06B | 8 | +9.59% | +8.30% | +1.28% | -0.38B |
| 2024-12-31 | $4.12B | 9 | -3.21% | +24.89% | -28.10% | -0.36B |
| 2024-09-30 | $4.57B | 12 | +26.85% | +36.04% | -9.19% | -0.59B |
| 2024-06-30 | $4.71B | 12 | -17.55% | +24.49% | -42.05% | -0.49B |
| 2024-03-31 | $5.49B | 11 | -3.01% | +29.62% | -32.64% | -0.32B |
| 2023-12-31 | $6.10B | 12 | +10.55% | +26.18% | -15.63% | -0.16B |
| 2023-09-30 | $4.87B | 12 | -10.92% | +21.57% | -32.49% | +0.52B |
| 2023-06-30 | $6.11B | 10 | +2.63% | +19.42% | -16.80% | -0.19B |
| 2023-03-31 | $5.66B | 10 | -26.44% | -7.82% | -18.62% | -0.12B |
| 2022-12-31 | $5.33B | 11 | +3.63% | +7.56% | -3.93% | -0.52B |
| 2022-09-30 | $5.64B | 11 | -17.99% | -4.93% | -13.07% | -0.12B |
| 2022-06-30 | $7.02B | 11 | -20.30% | -16.11% | -4.19% | +0.02B |