Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.52%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.30%
baseline attrition
Rally response
-6.35%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LFUSLittelfuse, Inc. | $18M | 3.7% | +74.5% | 7.8 yr |
| ADUSAddus HomeCare Corporati | $15M | 3.1% | -5.3% | 4.8 yr |
| CWSTCasella Waste Systems, I | $15M | 3.0% | -28.8% | 1.8 yr |
| — | $15M | 3.0% | — | 2.5 yr |
| — | $13M | 2.8% | — | 2.5 yr |
| — | $13M | 2.7% | — | 0.5 yr |
| — | $13M | 2.7% | — | 2.5 yr |
| — | $13M | 2.7% | — | 2.3 yr |
| — | $13M | 2.6% | — | 2.5 yr |
| — | $12M | 2.5% | — | 2.5 yr |
| — | $12M | 2.4% | — | 2.5 yr |
| BWMNBowman Consulting Group | $12M | 2.4% | +30.3% | 3.3 yr |
| LMATLeMaitre Vascular, Inc. | $12M | 2.4% | +31.3% | 9.3 yr |
| — | $11M | 2.3% | — | 2.5 yr |
| ONTOnterris, Inc. | $11M | 2.3% | — | 5.5 yr |
Portfolio composition (YoY)
Industry mix
Unknown62.2%-2.6pp$303M
Software - Application5.6%-3.7pp$27M
Hardware, Equipment & Parts3.8%+2.2pp$18M
Medical - Care Facilities3.1%+0.1pp$15M
Waste Management3.0%+0.1pp$15M
Medical - Instruments & Supplies2.4%+0.2pp$12M
Engineering & Construction2.4%+1.1pp$12M
Environmental Services2.3%+1.1pp$11M
Discount Stores2.2%-0.8pp$11M
Apparel - Retail2.2%-0.2pp$11M
Country
Unknown62.2%-2.6pp
US35.5%+3.4pp
CA2.3%-0.8pp
IL0.0%-0.0pp
Top 5: 15.6% · Top 10: 28.8% · Top 25: 61.9%
Top buys this quarter · 12
| TRNS Transcat, Inc.new | +$5M |
| FND Floor & Decor Holdings, Inc. | +$5M |
| HNGE Hinge Health, Inc.new | +$2M |
| OLLI Ollie's Bargain Outlet Holding | +$2M |
| AORT Artivion, Inc. | +$2M |
| BWMN Bowman Consulting Group Ltd. | +$12M |
| GMED Globus Medical, Inc.new | +$0M |
| FICO Fair Isaac Corporation | +$0M |
| WST West Pharmaceutical Services, | +$0M |
| — | +$0M |
Top sells this quarter · 15
| CWAN Clearwater Analytics Holdings,exit | −$9M |
| LFUS Littelfuse, Inc. | −$18M |
| PEGA Pegasystems Inc. | −$5M |
| LMAT LeMaitre Vascular, Inc. | −$5M |
| FIVN Five9, Inc.exit | −$3M |
| CWST Casella Waste Systems, Inc. | −$2M |
| DSGX The Descartes Systems Group In | −$2M |
| BOOT Boot Barn Holdings, Inc. | −$2M |
| EXLS ExlService Holdings, Inc. | −$2M |
| ADUS Addus HomeCare Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $487M | 65 | -9.40% | +17.59% | -26.99% | -0.08B |
| 2025-12-31 | $636M | 67 | -7.73% | +17.72% | -25.45% | -0.02B |
| 2025-09-30 | $686M | 69 | +2.87% | +17.52% | -14.64% | -0.03B |
| 2025-06-30 | $719M | 68 | +11.13% | +14.94% | -3.81% | -0.02B |
| 2025-03-31 | $685M | 69 | +7.58% | +8.30% | -0.72% | -0.00B |
| 2024-12-31 | $761M | 69 | +28.43% | +24.89% | +3.54% | -0.03B |
| 2024-09-30 | $736M | 69 | +28.37% | +36.04% | -7.66% | -0.04B |
| 2024-06-30 | $730M | 68 | +9.52% | +24.49% | -14.97% | -0.10B |
| 2024-03-31 | $793M | 68 | +9.24% | +29.62% | -20.39% | -0.01B |
| 2023-12-31 | $747M | 65 | +8.19% | +26.18% | -17.98% | -0.04B |
| 2023-09-30 | $735M | 66 | +0.09% | +21.57% | -21.48% | +0.01B |
| 2023-06-30 | $800M | 71 | +4.95% | +19.42% | -14.47% | -0.00B |
| 2023-03-31 | $768M | 71 | -10.52% | -7.82% | -2.70% | -0.02B |
| 2022-12-31 | $735M | 71 | -1.20% | +7.56% | -8.76% | +0.02B |
| 2022-09-30 | $726M | 69 | -4.32% | -4.93% | +0.61% | -0.02B |
| 2022-06-30 | $785M | 73 | -11.20% | -16.11% | +4.91% | +0.00B |