Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-11.16%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.29%
baseline attrition
Rally response
-6.48%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GEVGE Vernova Inc. | $30M | 3.7% | +186.8% | 2.0 yr |
| NEMNewmont Corporation | $26M | 3.2% | +127.1% | 2.0 yr |
| NVDANVIDIA Corporation | $25M | 3.2% | +60.9% | 8.0 yr |
| APHAmphenol Corporation | $25M | 3.1% | +93.6% | 4.3 yr |
| CAHCardinal Health, Inc. | $24M | 3.0% | +54.9% | 1.8 yr |
| CRSCarpenter Technology Cor | $24M | 2.9% | +118.3% | 0.8 yr |
| FIXComfort Systems USA, Inc | $22M | 2.7% | +329.0% | 0.8 yr |
| FTITechnipFMC plc | $19M | 2.4% | +119.3% | 0.5 yr |
| PLTRPalantir Technologies In | $19M | 2.3% | +73.3% | 1.3 yr |
| CWCurtiss-Wright Corporati | $18M | 2.2% | +115.0% | 3.5 yr |
| HWMHowmet Aerospace Inc. | $17M | 2.1% | +78.1% | 1.8 yr |
| AVGOBroadcom Inc. | $16M | 2.0% | +86.0% | 5.0 yr |
| ROIVRoivant Sciences Ltd. | $16M | 2.0% | +174.5% | 0.5 yr |
| BKThe Bank of New York Mel | $16M | 1.9% | +44.4% | 1.5 yr |
| EMEEMCOR Group, Inc. | $15M | 1.9% | +100.2% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management12.9%+3.3pp$104M
Engineering & Construction6.2%+3.2pp$50M
Aerospace & Defense5.9%+0.5pp$48M
Semiconductors5.7%+1.0pp$46M
Gold4.7%+3.7pp$38M
Hardware, Equipment & Parts4.5%+3.4pp$36M
Renewable Utilities4.2%+0.3pp$34M
Biotechnology3.7%+2.5pp$30M
Medical - Distribution3.3%$26M
Medical - Care Facilities3.1%$25M
Country
US83.2%+10.5pp
GB5.3%+2.2pp
ZA1.3%+0.3pp
SG1.3%+0.1pp
KY1.1%
BR1.0%-0.2pp
Unknown0.8%-0.2pp
JP0.8%-0.8pp
Top 5: 16.2% · Top 10: 28.7% · Top 25: 53.6%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GEV | $7M | +0.01B | 186.8% |
| NVDA | $12M | +0.01B | 60.9% |
| PLTR | $8M | +0.01B | 73.3% |
| CW | $4M | +0.00B | 115.0% |
| EME | $4M | +0.00B | 100.2% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| CAH Cardinal Health, Inc. | +$18M |
| GEV GE Vernova Inc. | +$16M |
| TPR Tapestry, Inc. | +$13M |
| HWM Howmet Aerospace Inc. | +$13M |
| ELAN Elanco Animal Health Incorporanew | +$11M |
| FTI TechnipFMC plc | +$11M |
| FIX Comfort Systems USA, Inc. | +$10M |
| NVDA NVIDIA Corporation | +$10M |
| NEM Newmont Corporation | +$10M |
| ALB Albemarle Corporation | +$9M |
Top sells this quarter · 15
| CIEN Ciena Corporation | −$19M |
| TT Trane Technologies plcexit | −$8M |
| VST Vistra Corp.exit | −$7M |
| RCL Royal Caribbean Cruises Ltd.exit | −$6M |
| AER AerCap Holdings N.V. | −$6M |
| MPC Marathon Petroleum Corporation | −$6M |
| NRG NRG Energy, Inc. | −$5M |
| CEG Constellation Energy Corporatiexit | −$5M |
| MA Mastercard Incorporatedexit | −$4M |
| HLI Houlihan Lokey, Inc.exit | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $807M | 158 | +45.36% | +17.59% | +27.77% | +0.32B |
| 2025-12-31 | $459M | 119 | +37.62% | +17.72% | +19.91% | -0.01B |
| 2025-09-30 | $447M | 133 | +43.96% | +17.52% | +26.44% | -0.01B |
| 2025-06-30 | $421M | 132 | +46.94% | +14.94% | +32.00% | -0.05B |
| 2025-03-31 | $393M | 127 | +24.35% | +8.30% | +16.04% | -0.03B |
| 2024-12-31 | $419M | 128 | +45.25% | +24.89% | +20.36% | -0.05B |
| 2024-09-30 | $423M | 125 | +47.65% | +36.04% | +11.61% | -0.01B |
| 2024-06-30 | $385M | 123 | +34.49% | +24.49% | +10.00% | -0.00B |
| 2024-03-31 | $383M | 124 | +41.82% | +29.62% | +12.19% | -0.00B |
| 2023-12-31 | $329M | 133 | +23.22% | +26.18% | -2.96% | -0.03B |
| 2023-09-30 | $322M | 283 | +20.56% | +21.57% | -1.01% | -0.01B |
| 2023-06-30 | $332M | 281 | +3.75% | +5.38% | -1.63% | -0.02B |
| 2023-03-31 | $330M | 285 | -5.15% | -7.51% | +2.36% | -0.02B |
| 2022-12-31 | $343M | 285 | +57.46% | -4.41% | +61.87% | -0.03B |
| 2022-06-30 | $342M | 266 | -12.81% | -16.11% | +3.30% | -0.03B |
| 2022-03-31 | $430M | 281 | -2.31% | -4.62% | +2.31% | -0.04B |