Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.99%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.25%
baseline attrition
Rally response
-1.01%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SGOViShares 0-3 Month Treasu | $55M | 27.6% | — | 0.5 yr |
| EQTEQT Corporation | $34M | 16.9% | +20.5% | 5.5 yr |
| CRTOCriteo S.A. | $19M | 9.4% | -49.4% | 1.5 yr |
| LYFTLyft, Inc. | $17M | 8.6% | +12.0% | 1.0 yr |
| KBRKBR, Inc. | $14M | 7.1% | -24.9% | 5.5 yr |
| RVSBRiverview Bancorp, Inc. | $11M | 5.6% | -1.3% | 2.0 yr |
| CARTInstacart (Maplebear Inc | $11M | 5.4% | -6.1% | 0.3 yr |
| RKTRocket Companies, Inc. | $6M | 3.0% | +18.1% | 0.5 yr |
| GDOTGreen Dot Corporation | $4M | 1.9% | +32.9% | 1.3 yr |
| BKDBrookdale Senior Living | $3M | 1.7% | +118.5% | 2.5 yr |
| DHCDiversified Healthcare T | $3M | 1.5% | +180.2% | 5.0 yr |
| FIVNFive9, Inc. | $2M | 1.0% | -44.1% | 0.3 yr |
| GLREGreenlight Capital Re, L | $2M | 0.9% | +27.6% | 0.5 yr |
| CNXCConcentrix Corporation | $2M | 0.9% | -49.4% | 3.0 yr |
| FCNFTI Consulting, Inc. | $2M | 0.9% | +7.7% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management - Bonds27.6%$55M
Oil & Gas Exploration & Production17.8%-1.0pp$36M
Software - Application9.6%$19M
Advertising Agencies9.4%+3.9pp$19M
Engineering & Construction7.2%+4.3pp$15M
Banks - Regional6.3%-0.3pp$13M
Specialty Retail5.5%+5.4pp$11M
Financial - Mortgages3.0%-20.5pp$6M
Medical - Care Facilities2.4%+0.9pp$5M
Financial - Credit Services2.0%+1.6pp$4M
Country
US89.1%-2.3pp
FR9.4%+3.9pp
KY0.9%
Unknown0.6%-2.4pp
Top 5: 69.6% · Top 10: 87.3% · Top 25: 98.1%
Top buys this quarter · 15
| KBR KBR, Inc. | +$12M |
| CART Instacart (Maplebear Inc.)new | +$11M |
| LYFT Lyft, Inc. | +$6M |
| CRTO Criteo S.A. | +$3M |
| FIVN Five9, Inc.new | +$2M |
| CCRN Cross Country Healthcare, Inc.new | +$1M |
| GLRE Greenlight Capital Re, Ltd. | +$1M |
| OCFC OceanFirst Financial Corp.new | +$1M |
| FORR Forrester Research, Inc. | +$1M |
| TNDM Tandem Diabetes Care, Inc. | +$1M |
Top sells this quarter · 11
| SGOV iShares 0-3 Month Treasury Bon | −$0M |
| GIFI Gulf Island Fabrication, Inc.exit | −$0M |
| RKT Rocket Companies, Inc. | −$13M |
| ECVT Ecovyst Inc.exit | −$3M |
| BKD Brookdale Senior Living Inc. | −$2M |
| VRT Vertiv Holdings Coexit | −$2M |
| SEB Seaboard Corporationexit | −$2M |
| OIS Oil States International, Inc. | −$1M |
| BFH Bread Financial Holdings, Inc. | −$1M |
| EB Eventbrite, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $201M | 44 | -0.46% | +17.59% | -18.05% | +0.01B |
| 2025-12-31 | $198M | 43 | +1.53% | +17.72% | -16.19% | +0.02B |
| 2025-09-30 | $181M | 40 | +14.26% | +17.52% | -3.26% | +0.01B |
| 2025-06-30 | $171M | 39 | +22.44% | +14.94% | +7.50% | -0.01B |
| 2025-03-31 | $171M | 47 | +16.67% | +8.30% | +8.37% | +0.01B |
| 2024-12-31 | $171M | 46 | +19.83% | +24.89% | -5.06% | -0.01B |
| 2024-09-30 | $167M | 47 | +15.33% | +36.04% | -20.70% | -0.02B |
| 2024-06-30 | $171M | 45 | +11.45% | +24.49% | -13.04% | -0.00B |
| 2024-03-31 | $171M | 35 | +23.29% | +29.62% | -6.34% | +0.01B |
| 2023-12-31 | $158M | 37 | +1.65% | +26.18% | -24.53% | +0.01B |
| 2023-09-30 | $139M | 33 | +7.89% | +21.57% | -13.68% | -0.01B |
| 2023-06-30 | $146M | 32 | +4.25% | +19.42% | -15.18% | -0.00B |
| 2023-03-31 | $133M | 36 | -22.86% | -7.82% | -15.04% | +0.02B |
| 2022-12-31 | $133M | 37 | +12.82% | +7.56% | +5.26% | -0.00B |
| 2022-09-30 | $120M | 40 | +0.15% | -4.93% | +5.08% | -0.00B |
| 2022-06-30 | $120M | 40 | -16.82% | -16.11% | -0.71% | +0.00B |