Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-14.05%
trims when stocks drop
when a holding falls −10%+
Middle response
-13.44%
baseline attrition
Rally response
-9.88%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MODModine Manufacturing Com | $89M | 4.8% | +182.4% | 3.5 yr |
| TTMITTM Technologies, Inc. | $71M | 3.8% | +375.0% | 2.3 yr |
| CLSCelestica Inc. | $56M | 3.0% | +257.4% | 2.0 yr |
| VIRTVirtu Financial, Inc. | $53M | 2.8% | +18.2% | 1.5 yr |
| AKAMAkamai Technologies, Inc | $49M | 2.6% | +42.7% | 2.3 yr |
| VPGVishay Precision Group, | $44M | 2.4% | +80.2% | 1.5 yr |
| PARRPar Pacific Holdings, In | $43M | 2.3% | +339.3% | 1.0 yr |
| POWLPowell Industries, Inc. | $41M | 2.2% | +6.3% | 1.5 yr |
| BIDUBaidu, Inc. | $41M | 2.2% | +21.1% | 3.3 yr |
| PBFPBF Energy Inc. | $38M | 2.0% | +159.4% | 2.8 yr |
| UTHRUnited Therapeutics Corp | $38M | 2.0% | +92.4% | 6.5 yr |
| REAXThe Real Brokerage Inc. | $36M | 1.9% | -38.4% | 1.3 yr |
| GOOSCanada Goose Holdings In | $35M | 1.9% | +38.0% | 1.3 yr |
| CRGYCrescent Energy Company | $35M | 1.9% | +26.2% | 0.5 yr |
| CSTLCastle Biosciences, Inc. | $33M | 1.8% | +22.6% | 5.8 yr |
Portfolio composition (YoY)
Industry mix
Hardware, Equipment & Parts16.0%+8.8pp$301M
Software - Infrastructure7.7%+0.1pp$144M
Auto - Parts5.1%+2.2pp$95M
Oil & Gas Refining & Marketing4.3%$82M
Financial - Capital Markets4.2%+3.1pp$79M
Semiconductors4.1%+4.0pp$78M
Internet Content & Information3.2%-3.9pp$61M
Unknown3.1%+2.6pp$57M
Biotechnology3.0%+0.5pp$57M
Software - Application2.8%-2.3pp$53M
Country
US75.6%-9.3pp
CA7.0%+4.3pp
Unknown3.1%+2.6pp
CN3.0%+2.0pp
SG2.3%+1.6pp
IL2.1%+0.5pp
DE1.6%+0.1pp
KY1.5%
Top 5: 16.9% · Top 10: 28.0% · Top 25: 52.1%
Top buys this quarter · 15
| VIRT Virtu Financial, Inc. | +$37M |
| CRGY Crescent Energy Company | +$35M |
| PBF PBF Energy Inc. | +$31M |
| PARR Par Pacific Holdings, Inc. | +$28M |
| MUSA Murphy USA Inc.new | +$24M |
| FN Fabrinet | +$23M |
| CRCL Circle Internet Groupnew | +$20M |
| QLYS Qualys, Inc. | +$16M |
| UTHR United Therapeutics Corporatio | +$16M |
| HAFN Hafnia Limitednew | +$15M |
Top sells this quarter · 15
| TTMI TTM Technologies, Inc. | −$41M |
| MOD Modine Manufacturing Company | −$72M |
| CENX Century Aluminum Company | −$23M |
| LASR nLIGHT, Inc. | −$21M |
| SPHR Sphere Entertainment Co.exit | −$21M |
| TSEM Tower Semiconductor Ltd. | −$20M |
| FAF First American Financial Corpoexit | −$19M |
| FCX Freeport-McMoRan Inc.exit | −$17M |
| AAOI Applied Optoelectronics, Inc. | −$17M |
| FSLR First Solar, Inc.exit | −$16M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.88B | 144 | +45.23% | +17.59% | +27.64% | +0.01B |
| 2025-12-31 | $1.87B | 155 | +25.76% | +17.72% | +8.04% | +0.01B |
| 2025-09-30 | $1.85B | 119 | +34.15% | +17.52% | +16.64% | -0.11B |
| 2025-06-30 | $1.59B | 118 | +23.13% | +14.94% | +8.18% | +0.05B |
| 2025-03-31 | $1.32B | 109 | +3.96% | +8.30% | -4.34% | +0.02B |
| 2024-12-31 | $1.49B | 131 | +36.40% | +24.89% | +11.51% | +0.01B |
| 2024-09-30 | $1.38B | 129 | +33.52% | +36.04% | -2.52% | +0.01B |
| 2024-06-30 | $1.21B | 117 | +27.26% | +24.49% | +2.77% | -0.08B |
| 2024-03-31 | $1.31B | 115 | +40.98% | +29.62% | +11.35% | +0.00B |
| 2023-12-31 | $1.14B | 127 | +34.45% | +26.18% | +8.27% | +0.02B |
| 2023-09-30 | $1.07B | 123 | +33.70% | +21.57% | +12.14% | -0.14B |
| 2023-06-30 | $1.13B | 120 | +20.23% | +19.42% | +0.81% | -0.02B |
| 2023-03-31 | $1.05B | 139 | -13.34% | -7.82% | -5.53% | -0.05B |
| 2022-12-31 | $1.01B | 131 | +4.29% | +7.56% | -3.27% | +0.02B |
| 2022-09-30 | $946M | 128 | -3.49% | -4.93% | +1.44% | -0.01B |
| 2022-06-30 | $993M | 123 | -20.76% | -16.11% | -4.65% | -0.00B |