Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.18%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.26%
steady accumulation
Rally response
-7.36%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CUBICustomers Bancorp, Inc. | $18M | 6.1% | +38.3% | 9.0 yr |
| AVNWAviat Networks, Inc. | $15M | 5.2% | +17.9% | 0.5 yr |
| ENVAEnova International, Inc | $15M | 5.1% | +40.7% | 7.5 yr |
| LOCOEl Pollo Loco Holdings, | $15M | 4.9% | +34.6% | 1.3 yr |
| UIHCUnited Insurance Holding | $14M | 4.8% | — | 4.5 yr |
| — | $13M | 4.4% | — | 2.3 yr |
| NPKINPK International Inc. | $12M | 4.1% | +149.4% | 10.5 yr |
| EGYVAALCO Energy, Inc. | $12M | 4.0% | +79.6% | 9.0 yr |
| NBBKNB Bancorp, Inc. Common | $12M | 3.9% | +17.9% | 0.5 yr |
| TCBITexas Capital Bancshares | $11M | 3.7% | +27.0% | 4.0 yr |
| GEOSGeospace Technologies Co | $11M | 3.7% | +69.2% | 9.0 yr |
| CLMBClimb Global Solutions, | $11M | 3.6% | -82.0% | 2.8 yr |
| VPGVishay Precision Group, | $10M | 3.5% | +80.2% | 2.5 yr |
| RMRegional Management Corp | $10M | 3.5% | +10.9% | 9.0 yr |
| CMTCore Molding Technologie | $10M | 3.5% | +47.4% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional15.3%+11.7pp$46M
Financial - Credit Services11.6%+7.7pp$35M
Oil & Gas Equipment & Services7.8%+5.2pp$23M
Staffing & Employment Services7.1%+2.5pp$21M
Oil & Gas Exploration & Production6.0%$18M
Biotechnology5.9%-0.3pp$18M
Unknown5.8%-46.4pp$17M
Communication Equipment5.2%$15M
Restaurants4.9%+2.5pp$15M
Insurance - Property & Casualty4.8%-1.5pp$14M
Country
US94.2%+46.4pp
Unknown5.8%-46.4pp
Top 5: 26.1% · Top 10: 46.2% · Top 25: 91.4%
Top buys this quarter · 15
| AVNW Aviat Networks, Inc. | +$14M |
| CLMB Climb Global Solutions, Inc. | +$11M |
| VPG Vishay Precision Group, Inc. | +$8M |
| RGP Resources Connection, Inc. | +$8M |
| SM SM Energy Companynew | +$6M |
| RM Regional Management Corp. | +$4M |
| MGPI MGP Ingredients, Inc. | +$3M |
| LOCO El Pollo Loco Holdings, Inc. | +$3M |
| DHX DHI Group, Inc. | +$3M |
| EGY VAALCO Energy, Inc. | +$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $299M | 35 | +36.51% | +17.59% | +18.91% | -0.01B |
| 2025-12-31 | $292M | 35 | +14.35% | +17.72% | -3.37% | -0.01B |
| 2025-09-30 | $288M | 33 | +13.76% | +17.52% | -3.76% | -0.00B |
| 2025-06-30 | $256M | 34 | +10.18% | +14.94% | -4.76% | +0.02B |
| 2025-03-31 | $219M | 34 | -4.57% | +8.30% | -12.87% | -0.00B |
| 2024-12-31 | $249M | 40 | +7.70% | +24.89% | -17.19% | +0.05B |
| 2024-09-30 | $193M | 40 | +22.81% | +36.04% | -13.23% | -0.00B |
| 2024-06-30 | $180M | 39 | +13.41% | +24.49% | -11.08% | +0.00B |
| 2024-03-31 | $191M | 38 | +20.16% | +29.62% | -9.46% | +0.01B |
| 2023-12-31 | $178M | 37 | +12.44% | +26.18% | -13.74% | -0.01B |
| 2023-09-30 | $159M | 33 | -4.35% | +21.57% | -25.91% | +0.00B |
| 2023-06-30 | $156M | 31 | -1.40% | +19.42% | -20.83% | +0.02B |
| 2023-03-31 | $140M | 31 | -26.49% | -7.82% | -18.67% | -0.00B |
| 2022-12-31 | $151M | 32 | +0.07% | +7.56% | -7.49% | +0.01B |
| 2022-09-30 | $142M | 32 | +4.28% | -4.93% | +9.21% | -0.01B |
| 2022-06-30 | $144M | 32 | -25.57% | -16.11% | -9.46% | +0.01B |