Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.32%
adds when stocks drop
when a holding falls −10%+
Middle response
+10.45%
steady accumulation
Rally response
-8.72%
trims into rallies
when a holding rises +10%+
Top positions · 15
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SATSEchoStar Corporation | $97M | 49.3% | +357.7% | 1.8 yr |
| TDAYUSA TODAY Co., Inc. | $21M | 10.7% | +143.9% | 0.5 yr |
| MANManpowerGroup Inc. | $16M | 8.1% | -46.9% | 0.5 yr |
| MBCMasterBrand, Inc. | $12M | 6.1% | -36.4% | 1.0 yr |
| HOLXHologic, Inc. | $12M | 5.9% | +22.4% | 0.3 yr |
| RHIRobert Half Internationa | $10M | 5.2% | -49.8% | 0.5 yr |
| CDZICadiz Inc. | $10M | 4.8% | +67.6% | 0.5 yr |
| AMWDAmerican Woodmark Corpor | $8M | 4.3% | -32.3% | 1.0 yr |
| WREElme Communities | $4M | 2.1% | — | 0.8 yr |
| MOMOHello Group Inc. | $4M | 1.8% | -7.8% | 0.3 yr |
| DDIDoubleDown Interactive C | $2M | 0.8% | -14.6% | 1.0 yr |
| — | $1M | 0.5% | — | 5.0 yr |
| NFENew Fortress Energy Inc. | $0M | 0.2% | -92.9% | 0.8 yr |
| SVCService Properties Trust | $0M | 0.1% | -47.1% | 0.3 yr |
| SEATVivid Seats Inc. | $0M | 0.1% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Communication Equipment49.3%+41.8pp$97M
Staffing & Employment Services13.3%$26M
Publishing10.7%$21M
Furnishings, Fixtures & Appliances10.4%$21M
Medical - Instruments & Supplies5.9%$12M
Regulated Water4.8%$10M
REIT - Office2.1%+0.5pp$4M
Internet Content & Information1.9%-28.3pp$4M
Electronic Gaming & Multimedia0.8%$2M
Unknown0.5%+0.0pp$1M
Country
US96.9%+27.6pp
CN1.8%
KR0.8%
Unknown0.5%+0.0pp
Top 5: 80.1% · Top 10: 98.3% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SATS | $24M | +0.09B | 357.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 9
| HOLX Hologic, Inc.new | +$12M |
| TDAY USA TODAY Co., Inc. | +$11M |
| CDZI Cadiz Inc. | +$8M |
| MAN ManpowerGroup Inc. | +$7M |
| MOMO Hello Group Inc.new | +$3M |
| RHI Robert Half International Inc. | +$2M |
| NFE New Fortress Energy Inc. | +$0M |
| SVC Service Properties Trustnew | +$0M |
| WRE Elme Communities | +$4M |
Top sells this quarter · 12
| JOYY JOYY, Inc. Sponsored ADR Classexit | −$64M |
| SABR Sabre Corporationexit | −$7M |
| XNET Xunlei Limitedexit | −$5M |
| MBC MasterBrand, Inc. | −$3M |
| SG Sweetgreen, Inc.exit | −$2M |
| AMWD American Woodmark Corporation | −$1M |
| ACH Accendra Health, Inc.exit | −$1M |
| SEAT Vivid Seats Inc. | −$0M |
| NOTE FiscalNote Holdings, Inc.exit | −$0M |
| LBRDA Liberty Broadband Corporationexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $197M | 15 | +76.82% | +17.59% | +59.22% | -0.11B |
| 2025-12-31 | $312M | 21 | +88.93% | +17.72% | +71.21% | +0.03B |
| 2025-09-30 | $255M | 14 | +73.02% | +17.52% | +55.51% | -0.05B |
| 2025-06-30 | $222M | 13 | +33.78% | +14.94% | +18.83% | -0.15B |
| 2025-03-31 | $317M | 11 | +18.35% | +8.30% | +10.04% | +0.09B |
| 2024-12-31 | $216M | 9 | -5.82% | +24.89% | -30.71% | +0.05B |
| 2024-09-30 | $167M | 11 | -24.10% | +36.04% | -60.13% | +0.02B |
| 2024-06-30 | $134M | 10 | -39.03% | +24.49% | -63.52% | +0.09B |
| 2024-03-31 | $45M | 6 | -41.37% | +29.62% | -70.99% | +0.00B |
| 2023-12-31 | $50M | 8 | -24.48% | +26.18% | -50.65% | +0.02B |
| 2023-09-30 | $34M | 7 | -11.93% | +21.57% | -33.50% | -0.02B |
| 2023-06-30 | $62M | 8 | -14.25% | +19.42% | -33.68% | -0.00B |
| 2023-03-31 | $65M | 9 | -17.98% | -7.82% | -10.17% | -0.02B |
| 2022-12-31 | $76M | 10 | -4.75% | +7.56% | -12.31% | +0.00B |
| 2022-09-30 | $75M | 9 | -15.63% | -4.93% | -10.70% | -0.01B |
| 2022-06-30 | $99M | 10 | -5.44% | -16.11% | +10.67% | -0.06B |