Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.68%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.37%
baseline attrition
Rally response
-21.11%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PFGCPerformance Food Group C | $291M | 11.0% | +8.9% | 1.0 yr |
| PLNTPlanet Fitness, Inc. | $165M | 6.2% | -23.0% | 5.0 yr |
| TXRHTexas Roadhouse, Inc. | $150M | 5.7% | +0.7% | 3.3 yr |
| SNSharkNinja, Inc. | $130M | 4.9% | +27.0% | 0.3 yr |
| LYVLive Nation Entertainmen | $102M | 3.9% | +16.8% | 1.0 yr |
| CSCOCisco Systems, Inc. | $99M | 3.7% | +28.1% | 0.5 yr |
| NVDANVIDIA Corporation | $85M | 3.2% | +60.9% | 3.0 yr |
| TSMTaiwan Semiconductor Man | $84M | 3.2% | +105.6% | 2.0 yr |
| SPHRSphere Entertainment Co. | $84M | 3.1% | +258.8% | 1.8 yr |
| SGISomnigroup International | $77M | 2.9% | +24.4% | 2.3 yr |
| CMGChipotle Mexican Grill, | $76M | 2.9% | -36.2% | 3.0 yr |
| INTUIntuit Inc. | $76M | 2.9% | -29.3% | 0.5 yr |
| 0HQN.LCboe Global Markets, Inc | $67M | 2.5% | +26.3% | 0.3 yr |
| HDThe Home Depot, Inc. | $67M | 2.5% | -8.0% | 2.8 yr |
| CNKCinemark Holdings, Inc. | $59M | 2.2% | +16.0% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Food Distribution11.8%$314M
Entertainment9.2%+4.8pp$244M
Semiconductors8.9%+6.1pp$236M
Restaurants8.5%-0.8pp$226M
Communication Equipment7.1%$189M
Software - Application7.1%+2.5pp$188M
Furnishings, Fixtures & Appliances6.9%$184M
Leisure6.3%+1.6pp$167M
Home Improvement4.3%$114M
Internet Content & Information3.6%-3.6pp$95M
Country
US90.1%+0.2pp
TW3.2%+1.8pp
CA2.1%+2.0pp
LU1.4%+0.6pp
IN1.3%-1.0pp
KY0.7%
GB0.5%
Unknown0.3%-4.3pp
Top 5: 31.6% · Top 10: 47.7% · Top 25: 79.9%
Top buys this quarter · 15
| PFGC Performance Food Group Company | +$143M |
| SN SharkNinja, Inc.new | +$130M |
| LYV Live Nation Entertainment, Inc | +$81M |
| 0HQN.L Cboe Global Markets, Inc.new | +$67M |
| KNX Knight-Swift Transportation Ho | +$54M |
| CNK Cinemark Holdings, Inc. | +$47M |
| SATS EchoStar Corporation | +$37M |
| PLNT Planet Fitness, Inc. | +$165M |
| KGS Kodiak Gas Services, Inc.new | +$22M |
| FLG Flagstar Financial, Inc. | +$20M |
Top sells this quarter · 15
| AMZN Amazon.com, Inc. | −$307M |
| PLD Prologis, Inc.exit | −$159M |
| WING Wingstop Inc.exit | −$147M |
| TJX The TJX Companies, Inc.exit | −$143M |
| WMT Walmart Inc. | −$140M |
| SPOT Spotify Technology S.A. | −$131M |
| WST West Pharmaceutical Services, exit | −$108M |
| FND Floor & Decor Holdings, Inc. | −$89M |
| CIEN Ciena Corporation | −$88M |
| CMG Chipotle Mexican Grill, Inc. | −$86M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.65B | 67 | +15.86% | +17.59% | -1.73% | -2.76B |
| 2025-12-31 | $5.71B | 132 | +15.72% | +17.72% | -2.00% | +0.17B |
| 2025-09-30 | $5.52B | 106 | +20.05% | +17.52% | +2.53% | -0.19B |
| 2025-06-30 | $5.38B | 73 | +25.41% | +14.94% | +10.47% | +1.34B |
| 2025-03-31 | $3.53B | 53 | +13.69% | +8.30% | +5.39% | -0.94B |
| 2024-12-31 | $4.72B | 56 | +38.18% | +24.89% | +13.29% | +0.24B |
| 2024-09-30 | $4.30B | 54 | +53.46% | +36.04% | +17.42% | -0.37B |
| 2024-06-30 | $4.20B | 51 | +37.19% | +24.49% | +12.70% | -0.37B |
| 2024-03-31 | $4.40B | 55 | +43.08% | +29.62% | +13.46% | -0.26B |
| 2023-12-31 | $4.05B | 48 | +31.23% | +26.18% | +5.05% | -0.26B |
| 2023-09-30 | $3.72B | 47 | +23.74% | +21.57% | +2.17% | -0.00B |
| 2023-06-30 | $3.76B | 50 | +20.61% | +19.42% | +1.18% | +0.15B |
| 2023-03-31 | $3.32B | 44 | -4.86% | -7.82% | +2.96% | +0.26B |
| 2022-12-31 | $2.91B | 31 | +9.11% | +7.56% | +1.55% | -1.06B |
| 2022-09-30 | $3.63B | 34 | -3.25% | -4.93% | +1.68% | -0.62B |
| 2022-06-30 | $4.40B | 38 | -14.53% | -16.11% | +1.58% | +0.34B |