Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+15.68%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.19%
baseline attrition
Rally response
-13.19%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ATKRAtkore Inc. | $158M | 5.5% | +0.2% | 3.8 yr |
| DARDarling Ingredients Inc. | $146M | 5.0% | +98.0% | 5.5 yr |
| TICTIC Solutions, Inc. | $144M | 5.0% | -40.8% | 1.3 yr |
| CARRCarrier Global Corporati | $140M | 4.8% | -9.9% | 6.0 yr |
| SPGIS&P Global Inc. | $139M | 4.8% | -15.6% | 10.0 yr |
| RTORentokil Initial plc | $137M | 4.7% | +39.3% | 3.5 yr |
| NVSTEnvista Holdings Corp | $136M | 4.7% | +47.0% | 5.5 yr |
| — | $135M | 4.7% | — | 1.0 yr |
| FTVFortive Corporation | $116M | 4.0% | +0.7% | 7.5 yr |
| CRH.LCRH plc | $115M | 4.0% | — | 2.8 yr |
| DVADaVita Inc. | $111M | 3.8% | +0.5% | 10.5 yr |
| GTXGarrett Motion Inc. | $108M | 3.7% | +121.3% | 2.0 yr |
| ESIElement Solutions Inc | $104M | 3.6% | +52.8% | 7.3 yr |
| VLTOVeralto Corporation | $95M | 3.3% | -9.0% | 2.5 yr |
| GLPIGaming and Leisure Prope | $91M | 3.2% | -6.7% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery16.0%-5.6pp$463M
Specialty Business Services9.7%+2.6pp$281M
Entertainment7.1%+4.3pp$205M
REIT - Specialty6.2%+0.2pp$180M
Electrical Equipment & Parts5.5%-0.6pp$158M
Packaged Foods5.0%-6.0pp$146M
Engineering & Construction4.9%+0.4pp$142M
Financial - Data & Stock Exchanges4.8%+0.3pp$139M
Medical - Equipment & Services4.7%+1.9pp$136M
Unknown4.7%$135M
Country
US80.2%-4.2pp
GB7.4%-1.3pp
Unknown4.7%
IE4.0%-0.7pp
CH3.7%+2.0pp
Top 5: 25.1% · Top 10: 47.1% · Top 25: 90.8%
Top buys this quarter · 13
| KBR KBR, Inc.new | +$77M |
| AOS A. O. Smith Corporationnew | +$72M |
| SIRI Sirius XM Holdings Inc.new | +$63M |
| TIC TIC Solutions, Inc. | +$144M |
| VLTO Veralto Corporation | +$25M |
| SPGI S&P Global Inc. | +$139M |
| AWI Armstrong World Industries, In | +$12M |
| MBC MasterBrand, Inc. | +$86M |
| GTX Garrett Motion Inc. | +$8M |
| Q Qnity Electronics, Inc. | +$2M |
Top sells this quarter · 15
| DAR Darling Ingredients Inc. | −$147M |
| DVA DaVita Inc. | −$70M |
| WH Wyndham Hotels & Resorts, Inc.exit | −$61M |
| ESI Element Solutions Inc | −$51M |
| CARR Carrier Global Corporation | −$41M |
| RAL Ralliant Corp. | −$36M |
| NEOG Neogen Corporation | −$20M |
| FTV Fortive Corporation | −$19M |
| NVST Envista Holdings Corp | −$126M |
| APG APi Group Corporation | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.90B | 31 | +13.35% | +17.59% | -4.24% | -0.09B |
| 2025-12-31 | $2.87B | 28 | +1.77% | +17.72% | -15.95% | -0.39B |
| 2025-09-30 | $3.23B | 29 | -2.38% | +17.52% | -19.90% | -0.15B |
| 2025-06-30 | $3.31B | 29 | +2.95% | +14.94% | -11.99% | -0.10B |
| 2025-03-31 | $3.22B | 29 | -9.68% | +8.30% | -17.98% | +0.05B |
| 2024-12-31 | $3.40B | 30 | +5.62% | +24.89% | -19.26% | -0.01B |
| 2024-09-30 | $3.52B | 27 | +19.22% | +36.04% | -16.82% | -0.04B |
| 2024-06-30 | $3.32B | 30 | +5.65% | +24.49% | -18.84% | +0.15B |
| 2024-03-31 | $3.40B | 31 | +23.23% | +29.62% | -6.39% | +0.11B |
| 2023-12-31 | $3.02B | 29 | +22.93% | +26.18% | -3.25% | -0.35B |
| 2023-09-30 | $3.09B | 27 | +23.77% | +21.57% | +2.20% | +0.12B |
| 2023-06-30 | $3.11B | 28 | +24.40% | +19.42% | +4.98% | +0.06B |
| 2023-03-31 | $2.81B | 23 | -5.68% | -7.82% | +2.14% | +0.05B |
| 2022-12-31 | $2.54B | 23 | +10.00% | +7.56% | +2.44% | -0.00B |
| 2022-09-30 | $2.31B | 22 | -4.17% | -4.93% | +0.75% | -0.07B |
| 2022-06-30 | $2.48B | 22 | -17.77% | -16.11% | -1.66% | -0.01B |