Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.24%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.57%
baseline attrition
Rally response
-9.21%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SNDKSandisk Corporation | $73M | 1.1% | +1234.5% | 1.0 yr |
| AAPLApple Inc. | $45M | 0.7% | +14.7% | 7.3 yr |
| NXTNextpower Inc. | $41M | 0.6% | +186.1% | 2.5 yr |
| ENSEnerSys | $39M | 0.6% | +91.3% | 2.8 yr |
| NVDANVIDIA Corporation | $39M | 0.6% | +60.9% | 5.5 yr |
| MTZMasTec, Inc. | $38M | 0.6% | +175.7% | 5.5 yr |
| PRIMPrimoris Services Corpor | $37M | 0.6% | +149.7% | 5.3 yr |
| MATXMatson, Inc. | $37M | 0.6% | +29.5% | 5.5 yr |
| WWDWoodward, Inc. | $35M | 0.5% | +97.0% | 3.5 yr |
| PORPortland General Electri | $34M | 0.5% | +22.6% | 5.8 yr |
| WTSWatts Water Technologies | $34M | 0.5% | +43.4% | 5.5 yr |
| TMHCTaylor Morrison Home Cor | $33M | 0.5% | -3.0% | 5.0 yr |
| MSFTMicrosoft Corporation | $32M | 0.5% | -0.6% | 6.8 yr |
| BCPCBalchem Corporation | $32M | 0.5% | +2.7% | 3.8 yr |
| APGAPi Group Corporation | $31M | 0.5% | +70.0% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology6.8%+1.9pp$454M
Banks - Regional4.9%-1.8pp$327M
Semiconductors4.0%+1.2pp$267M
Software - Application3.7%-0.3pp$244M
Engineering & Construction3.7%+1.3pp$243M
Aerospace & Defense3.2%+1.3pp$213M
Unknown2.5%+0.8pp$163M
Oil & Gas Exploration & Production2.3%+0.4pp$154M
Hardware, Equipment & Parts2.2%+0.1pp$147M
Financial - Capital Markets2.1%+0.7pp$140M
Country
US92.7%-2.5pp
Unknown2.5%+0.8pp
GB1.1%-0.1pp
CA0.7%+0.3pp
BM0.5%+0.2pp
CH0.4%+0.4pp
KY0.4%+0.1pp
SG0.4%+0.2pp
Top 5: 3.6% · Top 10: 6.3% · Top 25: 13.1%
Top buys this quarter · 15
| DT Dynatrace, Inc. | +$25M |
| SOLS Solstice Advanced Materials Innew | +$24M |
| LEA Lear Corporation | +$23M |
| DOCU DocuSign, Inc. | +$19M |
| CNX CNX Resources Corporation | +$18M |
| VVX V2X, Inc. | +$17M |
| PCVX Vaxcyte, Inc. | +$17M |
| KRP Kimbell Royalty Partners, LP | +$17M |
| FNB F.N.B. Corporation | +$16M |
| STRA Strategic Education, Inc. | +$16M |
Top sells this quarter · 15
| FTI TechnipFMC plc | −$39M |
| SM SM Energy Company | −$31M |
| BWXT BWX Technologies, Inc. | −$27M |
| CASY Casey's General Stores, Inc.exit | −$26M |
| FSLY Fastly, Inc. | −$18M |
| LITE Lumentum Holdings Inc. | −$26M |
| COHR Coherent, Inc.exit | −$21M |
| MLI Mueller Industries, Inc. | −$18M |
| OVV Ovintiv Inc. | −$18M |
| MIRM Mirum Pharmaceuticals, Inc.exit | −$16M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6.63B | 1131 | +25.43% | +17.59% | +7.84% | +0.08B |
| 2025-12-31 | $6.40B | 1118 | +12.81% | +17.72% | -4.91% | +0.27B |
| 2025-09-30 | $5.94B | 1109 | +11.16% | +17.52% | -6.36% | +0.73B |
| 2025-06-30 | $4.76B | 1163 | +10.98% | +14.94% | -3.96% | +0.39B |
| 2025-03-31 | $4.04B | 1155 | +0.59% | +8.30% | -7.71% | +0.13B |
| 2024-12-31 | $4.24B | 1149 | +16.32% | +24.89% | -8.57% | +0.47B |
| 2024-09-30 | $3.70B | 1147 | +30.18% | +36.04% | -5.86% | +0.45B |
| 2024-06-30 | $2.98B | 1475 | +17.21% | +24.49% | -7.28% | +0.49B |
| 2024-03-31 | $2.54B | 1046 | +25.64% | +29.62% | -3.98% | -0.10B |
| 2023-12-31 | $2.47B | 1105 | +21.99% | +26.18% | -4.19% | +0.06B |
| 2023-09-30 | $2.12B | 1080 | +14.03% | +21.57% | -7.54% | -0.14B |
| 2023-06-30 | $2.29B | 1061 | +10.00% | +19.42% | -9.42% | +0.07B |
| 2023-03-31 | $2.11B | 1112 | -13.29% | -7.82% | -5.47% | +0.25B |
| 2022-12-31 | $1.80B | 1113 | +6.37% | +7.56% | -1.19% | +0.04B |
| 2022-09-30 | $1.65B | 1151 | -5.04% | -4.93% | -0.11% | +0.39B |
| 2022-06-30 | $1.32B | 1172 | -17.02% | -16.11% | -0.91% | +0.06B |