Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.21%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.44%
baseline attrition
Rally response
-0.81%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $29M | 8.5% | — | 1.3 yr |
| KEYSKeysight Technologies, I | $29M | 8.3% | +88.5% | 8.5 yr |
| DEDeere & Company | $26M | 7.5% | +21.2% | 10.3 yr |
| TJXThe TJX Companies, Inc. | $22M | 6.2% | +32.7% | 10.0 yr |
| CPRTCopart, Inc. | $21M | 6.1% | -41.3% | 10.0 yr |
| CMICummins Inc. | $20M | 5.9% | +74.8% | 10.3 yr |
| NYTThe New York Times Compa | $17M | 5.0% | +70.5% | 8.5 yr |
| GOOGLAlphabet Inc. | $16M | 4.6% | — | 5.5 yr |
| AGMFederal Agricultural Mor | $15M | 4.4% | -18.1% | 9.8 yr |
| WMBThe Williams Companies, | $15M | 4.2% | +25.8% | 2.3 yr |
| GDGeneral Dynamics Corpora | $14M | 4.1% | +27.8% | 10.3 yr |
| BRK-BBerkshire Hathaway Inc. | $13M | 3.7% | — | 10.0 yr |
| JNJJohnson & Johnson | $12M | 3.6% | +51.5% | 10.3 yr |
| CSCOCisco Systems, Inc. | $12M | 3.4% | +28.1% | 8.3 yr |
| OZKBank OZK | $11M | 3.2% | +9.8% | 7.0 yr |
Portfolio composition (YoY)
Industry mix
Unknown11.5%+8.2pp$40M
Hardware, Equipment & Parts8.3%+2.8pp$29M
Agricultural - Machinery7.5%-0.5pp$26M
Apparel - Retail6.2%+0.2pp$22M
Specialty Business Services6.1%-6.2pp$21M
Industrial - Machinery5.9%+1.4pp$20M
Publishing5.0%+1.3pp$17M
Internet Content & Information4.6%+1.4pp$16M
Financial - Credit Services4.4%-2.7pp$15M
Oil & Gas Midstream4.2%-0.1pp$15M
Country
US82.8%-7.4pp
Unknown11.5%+8.2pp
CH3.2%-0.4pp
CA2.6%-0.3pp
Top 5: 36.6% · Top 10: 60.8% · Top 25: 99.1%
Top buys this quarter · 11
| AMZN Amazon.com, Inc. | +$9M |
| EXP Eagle Materials Inc. | +$1M |
| CPRT Copart, Inc. | +$21M |
| CNI Canadian National Railway Comp | +$1M |
| LH Labcorp Holdings Inc. | +$0M |
| SPY State Street SPDR S&P 500 ETF | +$0M |
| OZK Bank OZK | +$0M |
| TSLA Tesla, Inc. | +$0M |
| CB Chubb Limited | +$0M |
| AAPL Apple Inc. | +$0M |
Top sells this quarter · 15
| CHRW C.H. Robinson Worldwide, Inc. | −$5M |
| EXPD Expeditors International of Wa | −$3M |
| WHR Whirlpool Corporationexit | −$1M |
| CMI Cummins Inc. | −$20M |
| DE Deere & Company | −$22M |
| KEYS Keysight Technologies, Inc. | −$21M |
| TJX The TJX Companies, Inc. | −$21M |
| V Visa Inc.exit | −$0M |
| GD General Dynamics Corporation | −$14M |
| NYT The New York Times Company | −$15M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $347M | 33 | +18.48% | +17.59% | +0.89% | +0.00B |
| 2025-12-31 | $324M | 35 | +10.47% | +17.72% | -7.25% | +0.00B |
| 2025-09-30 | $310M | 35 | +5.67% | +17.52% | -11.84% | +0.01B |
| 2025-06-30 | $291M | 35 | +9.33% | +14.94% | -5.61% | -0.00B |
| 2025-03-31 | $286M | 34 | +6.07% | +8.30% | -2.23% | -0.01B |
| 2024-12-31 | $294M | 51 | +10.67% | +24.89% | -14.22% | -0.00B |
| 2024-09-30 | $295M | 52 | +25.96% | +36.04% | -10.08% | +0.01B |
| 2024-06-30 | $267M | 47 | +7.97% | +24.49% | -16.52% | +0.10B |
| 2024-03-31 | $164M | 25 | +15.76% | +29.62% | -13.86% | -0.13B |
| 2023-12-31 | $282M | 46 | +13.78% | +26.18% | -12.39% | -0.00B |
| 2023-09-30 | $251M | 41 | +14.64% | +21.57% | -6.93% | -0.00B |
| 2023-06-30 | $273M | 45 | +26.14% | +19.42% | +6.71% | -0.01B |
| 2023-03-31 | $265M | 60 | +1.92% | +7.46% | -5.53% | +0.00B |
| 2022-12-31 | $259M | 56 | +14.69% | +7.56% | +7.13% | -0.00B |
| 2022-09-30 | $227M | 53 | +1.60% | -4.93% | +6.53% | +0.02B |
| 2022-06-30 | $202M | 48 | — | — | — | -0.07B |