Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.26%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.62%
baseline attrition
Rally response
-8.39%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $4M | 2.1% | — | 0.5 yr |
| — | $4M | 2.0% | — | 0.5 yr |
| INTUIntuit Inc. | $3M | 1.8% | -29.3% | 1.5 yr |
| — | $3M | 1.8% | — | 0.5 yr |
| — | $3M | 1.6% | — | 0.5 yr |
| — | $3M | 1.6% | — | 0.5 yr |
| — | $3M | 1.5% | — | 0.5 yr |
| SOThe Southern Company | $3M | 1.5% | +8.4% | 1.3 yr |
| QCOMQUALCOMM Incorporated | $3M | 1.5% | -14.2% | 6.0 yr |
| — | $3M | 1.5% | — | 0.5 yr |
| DORMDorman Products, Inc. | $3M | 1.5% | -13.4% | 1.3 yr |
| — | $3M | 1.5% | — | 0.5 yr |
| NDAQNasdaq, Inc. | $3M | 1.5% | +13.3% | 0.3 yr |
| — | $3M | 1.4% | — | 0.3 yr |
| — | $3M | 1.4% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Unknown57.6%+50.2pp$104M
Financial - Data & Stock Exchanges3.4%$6M
Software - Application2.8%-1.8pp$5M
Insurance - Property & Casualty2.4%-0.6pp$4M
Medical - Instruments & Supplies2.2%+1.1pp$4M
Semiconductors2.0%+0.6pp$4M
Software - Infrastructure2.0%-2.3pp$4M
Biotechnology1.9%-3.1pp$3M
Auto - Parts1.7%-0.2pp$3M
Regulated Electric1.5%-0.5pp$3M
Country
Unknown57.6%+50.2pp
US40.1%-43.3pp
CN1.0%-2.2pp
DK0.9%
IL0.4%-0.6pp
Top 5: 9.3% · Top 10: 16.8% · Top 25: 37.1%
Top buys this quarter · 15
| NDAQ Nasdaq, Inc.new | +$3M |
| INTU Intuit Inc. | +$2M |
| URBN Urban Outfitters, Inc.new | +$2M |
| PRMB Primo Brands Corporationnew | +$2M |
| BLBD Blue Bird Corporationnew | +$2M |
| VEEV Veeva Systems Inc.new | +$2M |
| ADUS Addus HomeCare Corporationnew | +$2M |
| DORM Dorman Products, Inc. | +$1M |
| FDS FactSet Research Systems Inc. | +$2M |
| WAY Waystar Holding Corp. | +$2M |
Top sells this quarter · 15
| GRC The Gorman-Rupp Companyexit | −$4M |
| ORA Ormat Technologies, Inc.exit | −$3M |
| CF CF Industries Holdings, Inc.exit | −$2M |
| USFD US Foods Holding Corp.exit | −$1M |
| CROX Crocs, Inc.exit | −$1M |
| HRB H&R Block, Inc.exit | −$1M |
| SYY Sysco Corporation | −$1M |
| DCI Donaldson Company, Inc. | −$1M |
| EAT Brinker International, Inc.exit | −$1M |
| BRC Brady Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $180M | 106 | -3.11% | +17.59% | -20.70% | +0.01B |
| 2025-12-31 | $190M | 106 | +6.10% | +17.72% | -11.62% | -0.00B |
| 2025-09-30 | $191M | 106 | +6.13% | +17.52% | -11.39% | -0.00B |
| 2025-06-30 | $190M | 107 | +12.52% | +14.94% | -2.43% | +0.00B |
| 2025-03-31 | $180M | 110 | +3.66% | +8.30% | -4.64% | +0.00B |
| 2024-12-31 | $183M | 114 | +11.58% | +24.89% | -13.31% | -0.00B |
| 2024-09-30 | $185M | 113 | +20.18% | +36.04% | -15.86% | -0.00B |
| 2024-06-30 | $170M | 107 | +6.57% | +24.49% | -17.92% | +0.00B |
| 2024-03-31 | $174M | 106 | +14.20% | +29.62% | -15.43% | +0.01B |
| 2023-12-31 | $154M | 112 | +14.56% | +26.18% | -11.62% | -0.01B |
| 2023-09-30 | $151M | 113 | +17.48% | +21.57% | -4.09% | +0.00B |
| 2023-06-30 | $156M | 117 | +16.50% | +19.42% | -2.93% | -0.00B |
| 2023-03-31 | $153M | 111 | +0.16% | -7.82% | +7.98% | -0.00B |
| 2022-12-31 | $145M | 112 | +11.37% | +7.56% | +3.80% | -0.00B |
| 2022-09-30 | $132M | 113 | -4.00% | -4.93% | +0.93% | -0.02B |
| 2022-06-30 | $157M | 138 | -11.63% | -16.11% | +4.48% | +0.02B |