Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.52%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.01%
baseline attrition
Rally response
-9.67%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VTRSViatris Inc. | $12M | 7.4% | +62.4% | 5.5 yr |
| WUThe Western Union Compan | $12M | 7.2% | -8.2% | 7.8 yr |
| PFEPfizer Inc. | $11M | 6.7% | +18.8% | 10.5 yr |
| TEVATeva Pharmaceutical Indu | $7M | 4.5% | +96.0% | 10.5 yr |
| FHIFederated Hermes, Inc. | $7M | 4.1% | +43.1% | 10.5 yr |
| TFCTruist Financial Corpora | $6M | 4.0% | +17.1% | 6.5 yr |
| COFCapital One Financial Co | $6M | 3.8% | +3.1% | 10.5 yr |
| UBERUber Technologies, Inc. | $6M | 3.5% | -1.3% | 6.5 yr |
| CCitigroup Inc. | $5M | 3.4% | +63.9% | 7.3 yr |
| SIROSirona Dental Systems, I | $5M | 3.2% | — | 6.0 yr |
| WFCWells Fargo & Company | $5M | 3.1% | +13.3% | 10.5 yr |
| KHCThe Kraft Heinz Company | $5M | 3.1% | -21.4% | 2.8 yr |
| RFRegions Financial Corpor | $5M | 2.8% | +25.3% | 3.0 yr |
| PRGOPerrigo Company plc | $4M | 2.8% | -59.0% | 10.0 yr |
| LVSLas Vegas Sands Corp. | $4M | 2.7% | +42.4% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Drug Manufacturers - Specialty & Generic14.8%+1.7pp$24M
Asset Management13.4%-2.1pp$22M
Drug Manufacturers - General11.8%+0.1pp$19M
Financial - Credit Services11.0%-2.1pp$18M
Banks - Diversified10.4%-2.3pp$17M
Banks - Regional7.9%-1.6pp$13M
Software - Application4.1%-1.7pp$7M
Medical - Care Facilities3.5%+1.7pp$6M
Medical - Equipment & Services3.2%+1.2pp$5M
Packaged Foods3.1%$5M
Country
US88.8%+0.7pp
IL4.5%+0.6pp
IE2.8%-0.2pp
CA1.6%
Unknown1.3%-1.7pp
GB1.1%-0.9pp
Top 5: 30.0% · Top 10: 47.9% · Top 25: 84.9%
Top buys this quarter · 11
| KHC The Kraft Heinz Company | +$4M |
| EQH Equitable Holdings, Inc.new | +$3M |
| BAX Baxter International Inc. | +$2M |
| WU The Western Union Company | +$2M |
| FNF Fidelity National Financial, Inew | +$2M |
| PRGO Perrigo Company plc | +$1M |
| ALIT Alight, Inc. | +$1M |
| COF Capital One Financial Corporat | +$6M |
| RPAY Repay Holdings Corporation | +$2M |
| FI Fiserv, Inc.new | +$0M |
Top sells this quarter · 15
| SHEL Shell plc | −$2M |
| TEVA Teva Pharmaceutical Industries | −$1M |
| TFC Truist Financial Corporation | −$1M |
| BKD Brookdale Senior Living Inc. | −$4M |
| GILD Gilead Sciences, Inc. | −$1M |
| C Citigroup Inc. | −$1M |
| DVA DaVita Inc. | −$1M |
| NTRS Northern Trust Corporation | −$1M |
| FHI Federated Hermes, Inc. | −$7M |
| B Barrick Mining Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $161M | 40 | +25.37% | +17.59% | +7.77% | +0.01B |
| 2025-12-31 | $154M | 36 | +25.81% | +17.72% | +8.10% | -0.01B |
| 2025-09-30 | $148M | 35 | +21.21% | +17.52% | +3.70% | -0.01B |
| 2025-06-30 | $140M | 36 | +18.44% | +14.94% | +3.50% | -0.01B |
| 2025-03-31 | $135M | 33 | +6.67% | +8.30% | -1.63% | +0.01B |
| 2024-12-31 | $132M | 34 | +21.59% | +24.89% | -3.29% | -0.01B |
| 2024-09-30 | $135M | 33 | +33.52% | +36.04% | -2.51% | -0.00B |
| 2024-06-30 | $129M | 35 | +22.62% | +24.49% | -1.87% | +0.01B |
| 2024-03-31 | $126M | 33 | +34.77% | +29.62% | +5.15% | +0.00B |
| 2023-12-31 | $111M | 34 | +20.38% | +26.18% | -5.80% | -0.02B |
| 2023-09-30 | $111M | 37 | +15.71% | +21.57% | -5.86% | -0.00B |
| 2023-06-30 | $113M | 40 | +15.63% | +19.42% | -3.79% | -0.00B |
| 2023-03-31 | $109M | 35 | -5.13% | -7.82% | +2.68% | +0.00B |
| 2022-12-31 | $105M | 38 | +10.69% | +7.56% | +3.13% | -0.01B |
| 2022-09-30 | $107M | 38 | -1.05% | -4.93% | +3.88% | -0.00B |
| 2022-06-30 | $110M | 39 | -12.64% | -16.11% | +3.47% | +0.00B |