Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.27%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.43%
baseline attrition
Rally response
-6.33%
trims into rallies
when a holding rises +10%+
Top positions · 19
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SBACSBA Communications Corpo | $99M | 33.6% | -20.0% | 8.5 yr |
| PBIPitney Bowes Inc. | $39M | 13.1% | +26.1% | 4.3 yr |
| EXPEExpedia Group, Inc. | $18M | 6.0% | +38.5% | 5.3 yr |
| SATSEchoStar Corporation | $12M | 4.2% | +357.7% | 2.3 yr |
| WDCWestern Digital Corporat | $11M | 3.8% | +571.9% | 8.0 yr |
| HPQHP Inc. | $11M | 3.7% | -27.1% | 3.0 yr |
| MTCHMatch Group, Inc. | $11M | 3.7% | +0.1% | 2.0 yr |
| FTDRFrontdoor, Inc. | $10M | 3.5% | +37.6% | 2.0 yr |
| GOOGAlphabet Inc. | $10M | 3.4% | +84.3% | 10.3 yr |
| RRCRange Resources Corporat | $9M | 3.2% | +14.2% | 4.8 yr |
| CVSCVS Health Corporation | $9M | 3.1% | +10.0% | 6.3 yr |
| MTGMGIC Investment Corporat | $9M | 3.0% | +8.2% | 10.0 yr |
| IDCCInterDigital, Inc. | $9M | 3.0% | +47.2% | 10.5 yr |
| METAMeta Platforms, Inc. | $9M | 2.9% | -0.4% | 4.3 yr |
| OTEXOpen Text Corporation | $8M | 2.7% | -8.7% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
REIT - Specialty33.6%-11.4pp$99M
Integrated Freight & Logistics13.1%+5.4pp$39M
Internet Content & Information9.9%+1.2pp$29M
Computer Hardware7.5%+3.7pp$22M
Travel Services6.0%+1.7pp$18M
Software - Application5.7%-2.0pp$17M
Communication Equipment4.2%+3.2pp$12M
Personal Products & Services3.5%+0.4pp$10M
Oil & Gas Exploration & Production3.2%-0.0pp$9M
Medical - Healthcare Plans3.1%+0.0pp$9M
Country
US95.0%-0.9pp
CA2.7%+0.2pp
BM2.3%+0.7pp
Top 5: 60.8% · Top 10: 78.3% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $294M | 19 | +13.22% | +17.59% | -4.37% | -0.01B |
| 2025-12-31 | $321M | 19 | +22.24% | +17.72% | +4.53% | -0.01B |
| 2025-09-30 | $319M | 20 | +12.08% | +17.52% | -5.44% | -0.00B |
| 2025-06-30 | $309M | 20 | +28.75% | +14.94% | +13.81% | -0.01B |
| 2025-03-31 | $282M | 20 | +15.80% | +8.30% | +7.50% | -0.01B |
| 2024-12-31 | $290M | 31 | +7.65% | +24.89% | -17.23% | -0.02B |
| 2024-09-30 | $325M | 31 | +42.84% | +36.04% | +6.81% | +0.01B |
| 2024-06-30 | $266M | 30 | +10.21% | +24.49% | -14.28% | +0.11B |
| 2024-03-31 | $157M | 26 | +6.06% | +29.62% | -23.56% | -0.12B |
| 2023-12-31 | $291M | 26 | +11.29% | +26.18% | -14.89% | +0.01B |
| 2023-09-30 | $227M | 24 | -10.55% | +21.57% | -32.11% | -0.02B |
| 2023-06-30 | $269M | 25 | -12.62% | +19.42% | -32.05% | +0.01B |
| 2023-03-31 | $268M | 23 | -18.42% | -7.82% | -10.60% | -0.02B |
| 2022-12-31 | $289M | 26 | +0.85% | +7.56% | -6.71% | -0.01B |
| 2022-09-30 | $294M | 27 | -10.02% | -4.93% | -5.09% | -0.00B |
| 2022-06-30 | $329M | 28 | -9.75% | -16.11% | +6.36% | -0.01B |