Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.45%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.98%
baseline attrition
Rally response
-8.38%
trims into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| JHGJanus Henderson Group pl | $1.64B | 42.4% | +46.4% | 4.8 yr |
| GEGE Aerospace | $1.14B | 29.6% | +42.5% | 4.8 yr |
| SOLVSolventum Corporation | $538M | 13.9% | -14.1% | 2.0 yr |
| — | $253M | 6.6% | — | 5.3 yr |
| WENThe Wendy's Company | $212M | 5.5% | -49.5% | 10.0 yr |
| IVZInvesco Ltd. | $72M | 1.9% | +66.7% | 6.0 yr |
| MICCThe Magnum Ice Cream Com | $4M | 0.1% | — | 0.3 yr |
| GEHCGE HealthCare Technologi | $0M | 0.0% | -11.7% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management44.3%+4.0pp$1.71B
Aerospace & Defense29.6%+8.0pp$1.14B
Medical - Care Facilities13.9%-3.3pp$538M
Unknown6.6%+0.5pp$253M
Restaurants5.5%-6.4pp$212M
Packaged Foods0.1%$4M
Medical - Healthcare Information Services0.0%-0.0pp$0M
Country
US50.9%-12.1pp
GB42.4%+11.6pp
Unknown6.6%+0.5pp
NL0.1%
Top 5: 98.0% · Top 10: 100.0% · Top 25: 100.0%
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.86B | 8 | +21.98% | +17.59% | +4.39% | +0.02B |
| 2025-12-31 | $3.98B | 7 | +24.38% | +17.72% | +6.66% | -0.36B |
| 2025-09-30 | $4.11B | 7 | +17.73% | +17.52% | +0.21% | -0.11B |
| 2025-06-30 | $3.79B | 10 | +21.58% | +14.94% | +6.64% | -0.22B |
| 2025-03-31 | $3.74B | 10 | +0.34% | +8.30% | -7.96% | -0.08B |
| 2024-12-31 | $3.88B | 10 | +25.49% | +24.89% | +0.60% | -0.02B |
| 2024-09-30 | $3.89B | 10 | +40.86% | +36.04% | +4.83% | -0.82B |
| 2024-06-30 | $4.10B | 12 | +14.52% | +24.49% | -9.97% | -3.02B |
| 2024-03-31 | $8.02B | 9 | +30.68% | +29.62% | +1.06% | -0.60B |
| 2023-12-31 | $7.01B | 9 | +14.87% | +26.18% | -11.31% | -0.39B |
| 2023-09-30 | $6.57B | 9 | +20.02% | +21.57% | -1.55% | +2.95B |
| 2023-06-30 | $3.88B | 8 | +13.76% | +19.42% | -5.66% | +0.08B |
| 2023-03-31 | $3.75B | 8 | -9.70% | -7.82% | -1.88% | -1.52B |
| 2022-12-31 | $4.87B | 8 | +17.51% | +7.56% | +9.95% | +0.41B |
| 2022-09-30 | $3.80B | 8 | -11.54% | -4.93% | -6.61% | -0.23B |
| 2022-06-30 | $4.55B | 8 | -19.66% | -16.11% | -3.55% | -0.25B |