Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.49%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.29%
baseline attrition
Rally response
-4.88%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GPGIGPGI, Inc. | $145M | 21.5% | +57.3% | 3.3 yr |
| VRTVertiv Holdings Co | $145M | 21.5% | +247.5% | 6.3 yr |
| LAURLaureate Education, Inc. | $64M | 9.5% | +70.4% | 5.8 yr |
| RHLDResolute Holdings Manage | $42M | 6.3% | +417.9% | 1.3 yr |
| APGAPi Group Corporation | $29M | 4.3% | +70.0% | 5.8 yr |
| SPYState Street SPDR S&P 50 | $25M | 3.7% | +17.6% | 10.3 yr |
| LMBLimbach Holdings, Inc. | $24M | 3.6% | +4.8% | 2.3 yr |
| SPXCSPX Technologies, Inc. | $20M | 2.9% | +55.3% | 2.5 yr |
| MIRMirion Technologies, Inc | $18M | 2.7% | +28.2% | 4.5 yr |
| AONAon plc | $13M | 1.9% | -18.4% | 5.8 yr |
| GOOGLAlphabet Inc. | $11M | 1.7% | — | 1.0 yr |
| BRK-BBerkshire Hathaway Inc. | $10M | 1.5% | — | 10.3 yr |
| MSFTMicrosoft Corporation | $9M | 1.3% | -0.6% | 7.5 yr |
| QQQInvesco QQQ Trust, Serie | $8M | 1.1% | — | 3.0 yr |
| IRENIREN Limited | $4M | 0.7% | +462.9% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Manufacturing - Metal Fabrication21.5%+16.4pp$145M
Electrical Equipment & Parts21.5%+10.1pp$145M
Education & Training Services9.5%-0.6pp$64M
Engineering & Construction7.9%-2.8pp$53M
Specialty Business Services6.4%+5.1pp$43M
Asset Management6.1%-5.6pp$41M
Industrial - Machinery5.9%-9.4pp$40M
Internet Content & Information2.1%-0.1pp$14M
Insurance - Brokers1.9%-2.2pp$13M
Software - Infrastructure1.8%-9.7pp$12M
Country
US94.9%+2.2pp
IE2.1%-2.4pp
Unknown0.8%-0.8pp
AU0.7%+0.5pp
BM0.3%+0.2pp
RU0.3%+0.1pp
CA0.3%+0.2pp
GR0.2%+0.1pp
Top 5: 63.0% · Top 10: 77.9% · Top 25: 88.0%
Top buys this quarter · 15
| GPGI GPGI, Inc. | +$73M |
| RHLD Resolute Holdings Management, | +$42M |
| VVX V2X, Inc.new | +$1M |
| WLFC Willis Lease Finance Corporati | +$1M |
| CNVS Cineverse Corp. | +$1M |
| PUMP ProPetro Holding Corp.new | +$1M |
| AAOI Applied Optoelectronics, Inc.new | +$1M |
| GLNG Golar LNG Limited | +$1M |
| RDDT Reddit, Inc.new | +$1M |
| HALO Halozyme Therapeutics, Inc.new | +$1M |
Top sells this quarter · 15
| GDDY GoDaddy Inc. | −$7M |
| VLO Valero Energy Corporation | −$7M |
| ALIT Alight, Inc. | −$5M |
| VRT Vertiv Holdings Co | −$96M |
| SATS EchoStar Corporation | −$3M |
| NVRI Enviri Corporationexit | −$1M |
| PSIX Power Solutions International, | −$1M |
| PBI Pitney Bowes Inc. | −$1M |
| LAUR Laureate Education, Inc. | −$62M |
| OWL Blue Owl Capital Inc.exit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $673M | 150 | +56.95% | +17.59% | +39.35% | +0.06B |
| 2025-12-31 | $604M | 149 | +38.32% | +17.72% | +20.61% | +0.01B |
| 2025-09-30 | $563M | 163 | +47.42% | +17.52% | +29.90% | -0.02B |
| 2025-06-30 | $522M | 150 | +44.70% | +14.94% | +29.76% | +0.01B |
| 2025-03-31 | $388M | 117 | +9.90% | +8.30% | +1.59% | -0.03B |
| 2024-12-31 | $465M | 118 | +42.52% | +24.89% | +17.64% | -0.01B |
| 2024-09-30 | $422M | 117 | +48.35% | +36.04% | +12.32% | +0.07B |
| 2024-06-30 | $318M | 93 | +34.47% | +24.49% | +9.98% | -0.04B |
| 2024-03-31 | $356M | 99 | +45.86% | +29.62% | +16.24% | -0.00B |
| 2023-12-31 | $311M | 80 | +37.94% | +26.18% | +11.77% | -0.03B |
| 2023-09-30 | $291M | 98 | +29.71% | +21.57% | +8.14% | -0.00B |
| 2023-06-30 | $293M | 102 | +15.30% | +19.42% | -4.12% | +0.01B |
| 2023-03-31 | $263M | 89 | -23.46% | -7.82% | -15.64% | -0.03B |
| 2022-12-31 | $265M | 93 | -33.15% | -18.17% | -14.97% | +0.02B |
| 2022-09-30 | $223M | 99 | -32.04% | -15.51% | -16.53% | -0.02B |
| 2022-06-30 | $280M | 100 | -22.87% | -10.62% | -12.25% | -0.01B |