Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.63%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.53%
baseline attrition
Rally response
-11.96%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PBFPBF Energy Inc. | $12M | 4.6% | +159.4% | 8.8 yr |
| PUMPProPetro Holding Corp. | $10M | 3.8% | +96.1% | 5.8 yr |
| UNFIUnited Natural Foods, In | $10M | 3.7% | +64.5% | 5.3 yr |
| GOLDGold.com, Inc. | $8M | 3.2% | +62.6% | 0.5 yr |
| DLXDeluxe Corporation | $8M | 3.1% | +85.1% | 0.3 yr |
| ARCBArcBest Corporation | $8M | 3.1% | +40.3% | 3.3 yr |
| AMRAlpha Metallurgical Reso | $8M | 3.0% | +63.9% | 3.3 yr |
| LBRTLiberty Energy Inc. | $8M | 3.0% | +86.0% | 5.3 yr |
| BWABorgWarner Inc. | $7M | 2.9% | +92.1% | 1.0 yr |
| PARRPar Pacific Holdings, In | $7M | 2.8% | +339.3% | 3.0 yr |
| MGAMagna International Inc. | $7M | 2.8% | +71.2% | 3.0 yr |
| — | $7M | 2.7% | — | 2.3 yr |
| HOVHovnanian Enterprises, I | $7M | 2.7% | +5.9% | 1.8 yr |
| LEALear Corporation | $7M | 2.6% | +41.3% | 2.5 yr |
| OSKOshkosh Corporation | $7M | 2.6% | +59.0% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Auto - Parts12.5%-0.2pp$32M
Oil & Gas Equipment & Services9.2%+4.2pp$24M
Oil & Gas Refining & Marketing7.4%-4.5pp$19M
Coal5.6%+4.4pp$14M
Technology Distributors5.0%-0.0pp$13M
Banks - Regional5.0%$13M
Asset Management4.2%$11M
Food Distribution3.7%$10M
Unknown3.3%+1.3pp$8M
Financial - Capital Markets3.2%$8M
Country
US91.9%-0.5pp
Unknown3.3%+1.3pp
CA2.8%-1.4pp
IE2.0%+0.7pp
Top 5: 18.4% · Top 10: 33.2% · Top 25: 70.1%
Top buys this quarter · 15
| DLX Deluxe Corporationnew | +$8M |
| NOV NOV Inc.new | +$6M |
| SCL Stepan Companynew | +$5M |
| NSP Insperity, Inc.new | +$5M |
| COMP Compass, Inc.new | +$5M |
| MOH Molina Healthcare, Inc. | +$4M |
| CFFN Capitol Federal Financial, Incnew | +$3M |
| OSCR Oscar Health, Inc.new | +$3M |
| AVLV Avantis U.S. Large Cap Value Enew | +$0M |
| CGNG Capital Group New Geography Eqnew | +$0M |
Top sells this quarter · 15
| ASIX AdvanSix Inc. | −$18M |
| PARR Par Pacific Holdings, Inc. | −$10M |
| SAH Sonic Automotive, Inc.exit | −$10M |
| AN AutoNation, Inc.exit | −$10M |
| LBRT Liberty Energy Inc. | −$9M |
| SANM Sanmina Corporationexit | −$8M |
| ALLY Ally Financial Inc.exit | −$8M |
| LYFT Lyft, Inc.exit | −$7M |
| PBF PBF Energy Inc. | −$10M |
| TWI Titan International, Inc.exit | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $257M | 54 | +30.49% | +17.59% | +12.90% | -0.16B |
| 2025-12-31 | $378M | 44 | +1.50% | +17.72% | -16.22% | -0.02B |
| 2025-09-30 | $396M | 47 | +1.86% | +17.52% | -15.66% | -0.05B |
| 2025-06-30 | $425M | 56 | -4.78% | +14.94% | -19.73% | -0.08B |
| 2025-03-31 | $458M | 50 | -23.43% | +8.30% | -31.73% | -0.04B |
| 2024-12-31 | $582M | 52 | -6.53% | +24.89% | -31.42% | -0.13B |
| 2024-09-30 | $701M | 52 | +6.64% | +36.04% | -29.40% | -0.06B |
| 2024-06-30 | $763M | 60 | +11.32% | +24.49% | -13.17% | +0.01B |
| 2024-03-31 | $852M | 59 | +30.13% | +29.62% | +0.51% | -0.05B |
| 2023-12-31 | $864M | 61 | +28.67% | +26.18% | +2.50% | +0.01B |
| 2023-09-30 | $733M | 57 | +27.45% | +21.57% | +5.89% | -0.05B |
| 2023-06-30 | $758M | 56 | +13.43% | +19.42% | -5.99% | +0.02B |
| 2023-03-31 | $710M | 61 | -1.21% | -7.82% | +6.61% | -0.06B |
| 2022-12-31 | $748M | 64 | +15.35% | +7.56% | +7.79% | +0.04B |
| 2022-09-30 | $612M | 63 | -7.84% | -4.93% | -2.91% | +0.02B |
| 2022-06-30 | $638M | 69 | -9.96% | -16.11% | +6.15% | -0.07B |