Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.32%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.60%
baseline attrition
Rally response
-4.09%
trims into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LOARLoar Holdings Inc. | $1.84B | 39.6% | -18.9% | 2.0 yr |
| LADLithia Motors, Inc. | $622M | 13.4% | -14.3% | 8.0 yr |
| GOOGLAlphabet Inc. | $537M | 11.6% | — | 8.0 yr |
| SGISomnigroup International | $429M | 9.2% | +24.4% | 4.8 yr |
| ABGAsbury Automotive Group, | $421M | 9.1% | -11.5% | 8.8 yr |
| CPNGCoupang, Inc. | $246M | 5.3% | -13.9% | 4.8 yr |
| WTWWillis Towers Watson Pub | $210M | 4.5% | -13.2% | 9.5 yr |
| METAMeta Platforms, Inc. | $186M | 4.0% | -0.4% | 7.5 yr |
| UHAL-BU-Haul Holding Company | $145M | 3.1% | — | 3.5 yr |
| NUVBNuvation Bio Inc. | $5M | 0.1% | +143.8% | 5.3 yr |
| UHALU-Haul Holding Company | $2M | 0.0% | -26.9% | 9.5 yr |
Portfolio composition (YoY)
Industry mix
Aerospace & Defense39.6%-7.3pp$1.84B
Auto - Dealerships22.5%+1.5pp$1.04B
Internet Content & Information15.6%+5.7pp$723M
Household & Personal Products9.2%+3.0pp$429M
Specialty Retail5.3%+0.2pp$246M
Insurance - Brokers4.5%+0.2pp$210M
Rental & Leasing Services3.2%-0.3pp$147M
Biotechnology0.1%-0.0pp$5M
Country
US90.2%-0.4pp
KR5.3%+0.2pp
GB4.5%+0.2pp
Top 5: 82.9% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.64B | 11 | -12.06% | +17.59% | -29.66% | -0.07B |
| 2025-12-31 | $5.67B | 12 | -0.05% | +17.72% | -17.77% | +0.05B |
| 2025-09-30 | $6.17B | 13 | +12.49% | +17.52% | -5.02% | +0.16B |
| 2025-06-30 | $6.11B | 13 | +44.41% | +14.94% | +29.47% | -0.55B |
| 2025-03-31 | $5.64B | 13 | +14.66% | +8.30% | +6.36% | -0.22B |
| 2024-12-31 | $6.22B | 13 | +29.87% | +24.89% | +4.98% | -0.18B |
| 2024-09-30 | $6.23B | 14 | +37.40% | +36.04% | +1.37% | -0.23B |
| 2024-06-30 | $5.11B | 14 | +6.54% | +24.49% | -17.95% | +2.11B |
| 2024-03-31 | $3.20B | 13 | +36.52% | +29.62% | +6.90% | -0.23B |
| 2023-12-31 | $3.22B | 15 | +49.58% | +26.18% | +23.40% | -0.07B |
| 2023-09-30 | $3.03B | 15 | +47.73% | +21.57% | +26.17% | -0.38B |
| 2023-06-30 | $3.48B | 17 | +45.39% | +19.42% | +25.96% | -0.33B |
| 2023-03-31 | $3.16B | 16 | +4.56% | -7.82% | +12.38% | -0.12B |
| 2022-12-31 | $2.80B | 16 | +7.29% | +7.56% | -0.27% | -0.92B |
| 2022-09-30 | $3.47B | 18 | -3.73% | -4.93% | +1.20% | -0.11B |
| 2022-06-30 | $3.72B | 18 | -13.43% | -16.11% | +2.68% | +0.01B |