Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.95%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.79%
baseline attrition
Rally response
-13.53%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTVanguard Total World Sto | $15M | 7.0% | — | 4.5 yr |
| AROCArchrock, Inc. | $9M | 4.2% | +36.9% | 1.8 yr |
| MPMP Materials Corp. | $8M | 4.0% | +97.7% | 4.3 yr |
| VSHVishay Intertechnology, | $8M | 4.0% | +16.1% | 1.8 yr |
| CVBFCVB Financial Corp. | $8M | 3.9% | +8.4% | 0.3 yr |
| JNJJohnson & Johnson | $7M | 3.6% | +51.5% | 10.5 yr |
| AMTAmerican Tower Corporati | $7M | 3.5% | -17.9% | 2.0 yr |
| BDXBecton, Dickinson and Co | $7M | 3.5% | +14.0% | 3.3 yr |
| SLGNSilgan Holdings Inc. | $7M | 3.5% | -22.7% | 2.8 yr |
| JJSFJ&J Snack Foods Corp. | $7M | 3.3% | -37.8% | 2.0 yr |
| BNDVanguard Total Bond Mark | $7M | 3.3% | — | 6.8 yr |
| KRGKite Realty Group Trust | $7M | 3.2% | +14.8% | 1.5 yr |
| ENOVEnovis Corporation | $7M | 3.2% | -40.5% | 3.0 yr |
| CMCOColumbus McKinnon Corpor | $7M | 3.2% | -12.7% | 1.5 yr |
| GVAGranite Construction Inc | $7M | 3.1% | +59.6% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Packaged Foods8.4%-1.2pp$18M
Asset Management7.1%+5.6pp$15M
REIT - Specialty6.4%-1.3pp$13M
REIT - Retail6.0%+0.3pp$12M
Oil & Gas Equipment & Services4.2%+4.0pp$9M
Industrial Materials4.0%-0.9pp$8M
Semiconductors4.0%+1.0pp$8M
Banks - Regional3.9%$8M
Drug Manufacturers - General3.6%+0.7pp$7M
Medical - Instruments & Supplies3.5%+1.2pp$7M
Country
US98.5%-1.3pp
Unknown1.4%+1.2pp
CA0.1%
Top 5: 23.1% · Top 10: 40.4% · Top 25: 85.1%
Top buys this quarter · 15
| CVBF CVB Financial Corp.new | +$8M |
| RYN Rayonier Inc.new | +$6M |
| BDX Becton, Dickinson and Company | +$3M |
| ENOV Enovis Corporation | +$2M |
| AMT American Tower Corporation | +$2M |
| NFG National Fuel Gas Company | +$1M |
| JBI Janus International Group, Inc | +$6M |
| LW Lamb Weston Holdings, Inc. | +$1M |
| VNOM Viper Energy, Inc. | +$1M |
| MP MP Materials Corp. | +$1M |
Top sells this quarter · 15
| GDEN Golden Entertainment, Inc.exit | −$7M |
| VSH Vishay Intertechnology, Inc. | −$8M |
| AROC Archrock, Inc. | −$8M |
| CMCO Columbus McKinnon Corporation | −$1M |
| CHRD Chord Energy Corporationexit | −$1M |
| HLMN Hillman Solutions Corp. | −$1M |
| SLGN Silgan Holdings Inc. | −$1M |
| JNJ Johnson & Johnson | −$7M |
| GVA Granite Construction Incorpora | −$1M |
| KRG Kite Realty Group Trust | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $209M | 38 | +5.66% | +17.59% | -11.93% | -0.00B |
| 2025-12-31 | $210M | 39 | +8.92% | +17.72% | -8.80% | +0.01B |
| 2025-09-30 | $212M | 32 | +10.23% | +17.52% | -7.29% | -0.01B |
| 2025-06-30 | $196M | 33 | +10.43% | +14.94% | -4.51% | -0.01B |
| 2025-03-31 | $203M | 38 | +2.28% | +8.30% | -6.02% | -0.00B |
| 2024-12-31 | $202M | 42 | +5.11% | +24.89% | -19.78% | -0.02B |
| 2024-09-30 | $232M | 35 | +19.40% | +36.04% | -16.63% | -0.01B |
| 2024-06-30 | $217M | 37 | +3.85% | +24.49% | -20.64% | -0.02B |
| 2024-03-31 | $253M | 37 | +16.29% | +29.62% | -13.34% | -0.02B |
| 2023-12-31 | $256M | 42 | +11.34% | +26.18% | -14.84% | -0.06B |
| 2023-09-30 | $290M | 46 | +14.50% | +21.57% | -7.07% | -0.16B |
| 2023-06-30 | $463M | 50 | +5.37% | +19.42% | -14.06% | -0.05B |
| 2023-03-31 | $484M | 51 | -16.28% | -7.82% | -8.47% | -0.30B |
| 2022-12-31 | $773M | 50 | +11.64% | +7.56% | +4.08% | -0.16B |
| 2022-09-30 | $838M | 59 | -10.84% | -4.93% | -5.91% | +0.03B |
| 2022-06-30 | $905M | 50 | -16.54% | -16.11% | -0.43% | -0.01B |