Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.72%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.19%
baseline attrition
Rally response
-21.68%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CORTCorcept Therapeutics Inc | $5M | 1.1% | -64.7% | 7.0 yr |
| UNFIUnited Natural Foods, In | $5M | 1.0% | +64.5% | 8.3 yr |
| CPBCampbell Soup Company | $5M | 1.0% | -42.4% | 7.5 yr |
| APAAPA Corporation | $4M | 1.0% | +112.3% | 2.8 yr |
| ETSYEtsy, Inc. | $4M | 0.9% | +5.9% | 5.0 yr |
| ANIPANI Pharmaceuticals, Inc | $4M | 0.9% | +14.9% | 4.3 yr |
| CNXCConcentrix Corporation | $4M | 0.9% | -49.4% | 1.8 yr |
| SEZLSezzle Inc. | $4M | 0.9% | +81.4% | 1.0 yr |
| ULTAUlta Beauty, Inc. | $4M | 0.8% | +42.6% | 6.8 yr |
| PSIXPower Solutions Internat | $4M | 0.8% | +140.8% | 0.5 yr |
| DGDollar General Corporati | $4M | 0.8% | +37.3% | 3.8 yr |
| ACADACADIA Pharmaceuticals I | $4M | 0.8% | +34.0% | 2.3 yr |
| QLYSQualys, Inc. | $4M | 0.8% | -30.2% | 4.0 yr |
| PGNYProgyny, Inc. | $4M | 0.8% | -24.0% | 1.5 yr |
| AEOAmerican Eagle Outfitter | $4M | 0.8% | +48.1% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology9.5%-3.2pp$44M
Software - Infrastructure4.9%+2.0pp$23M
Software - Application4.1%+3.3pp$19M
Specialty Retail3.9%+2.0pp$18M
Unknown3.0%-3.0pp$14M
Packaged Foods2.9%-2.6pp$14M
Information Technology Services2.8%+0.8pp$13M
Solar2.6%+1.8pp$12M
Apparel - Retail2.5%+0.8pp$12M
Agricultural Farm Products2.5%+0.1pp$12M
Country
US84.4%+0.2pp
Unknown3.0%-3.0pp
CA2.9%-1.5pp
BM1.9%
IE1.6%+0.5pp
IL1.5%+1.2pp
GB0.9%+0.9pp
BR0.9%
Top 5: 5.0% · Top 10: 9.3% · Top 25: 20.5%
Top buys this quarter · 15
| CORT Corcept Therapeutics Incorpora | +$4M |
| QSR Restaurant Brands Internationanew | +$3M |
| BIP Brookfield Infrastructure Partnew | +$3M |
| WTRG Essential Utilities, Inc.new | +$3M |
| SEPN Septerna, Inc.new | +$3M |
| DG Dollar General Corporation | +$2M |
| COLL Collegium Pharmaceutical, Inc. | +$2M |
| SVV Savers Value Village, Inc.new | +$2M |
| PATH UiPath Inc.new | +$2M |
| CPB Campbell Soup Company | +$2M |
Top sells this quarter · 15
| VC Visteon Corporation | −$6M |
| CHTR Charter Communications, Inc.exit | −$4M |
| ALKS Alkermes plcexit | −$4M |
| AKAM Akamai Technologies, Inc. | −$4M |
| QCOM QUALCOMM Incorporatedexit | −$4M |
| UI Ubiquiti Inc. | −$3M |
| JAZZ Jazz Pharmaceuticals plc | −$3M |
| G Genpact Limitedexit | −$3M |
| FSLY Fastly, Inc. | −$2M |
| PCRX Pacira BioSciences, Inc.exit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $463M | 268 | +30.49% | +17.59% | +12.90% | +0.04B |
| 2025-12-31 | $414M | 252 | +25.63% | +17.72% | +7.91% | -0.06B |
| 2025-09-30 | $462M | 270 | +24.35% | +17.52% | +6.83% | -0.04B |
| 2025-06-30 | $438M | 210 | +15.81% | +14.94% | +0.87% | -0.00B |
| 2025-03-31 | $413M | 232 | +6.93% | +8.30% | -1.37% | +0.08B |
| 2024-12-31 | $338M | 233 | +14.96% | +24.89% | -9.92% | -0.08B |
| 2024-09-30 | $407M | 216 | +24.76% | +36.04% | -11.28% | +0.02B |
| 2024-06-30 | $363M | 232 | +13.16% | +24.49% | -11.33% | -0.06B |
| 2024-03-31 | $430M | 216 | +16.71% | +29.62% | -12.91% | -0.04B |
| 2023-12-31 | $440M | 222 | +14.76% | +26.18% | -11.42% | -0.14B |
| 2023-09-30 | $524M | 296 | +14.03% | +21.57% | -7.54% | -0.01B |
| 2023-06-30 | $543M | 294 | +11.67% | +19.42% | -7.76% | -0.11B |
| 2023-03-31 | $637M | 330 | -5.56% | -7.82% | +2.25% | -0.01B |
| 2022-12-31 | $614M | 311 | +9.88% | +7.56% | +2.32% | -0.02B |
| 2022-09-30 | $579M | 308 | -4.61% | -4.93% | +0.32% | +0.03B |
| 2022-06-30 | $580M | 325 | -13.92% | -16.11% | +2.19% | +0.14B |