Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+12.72%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.26%
baseline attrition
Rally response
-17.81%
trims into rallies
when a holding rises +10%+
Top positions · 13
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SONOSonos, Inc. | $242M | 19.8% | +25.6% | 4.3 yr |
| BLDRBuilders FirstSource, In | $172M | 14.1% | -34.1% | 3.5 yr |
| HRIHerc Holdings Inc. | $165M | 13.6% | -24.3% | 1.8 yr |
| UTIUniversal Technical Inst | $143M | 11.8% | +40.6% | 7.5 yr |
| WSCWillScot Holdings Corpor | $108M | 8.9% | -36.8% | 2.0 yr |
| MBCMasterBrand, Inc. | $105M | 8.6% | -36.4% | 1.3 yr |
| MCFTMasterCraft Boat Holding | $76M | 6.2% | +19.1% | 4.5 yr |
| NATLNCR Atleos Corporation | $66M | 5.4% | +65.2% | 1.3 yr |
| ATKRAtkore Inc. | $56M | 4.6% | +0.2% | 0.5 yr |
| PRPLPurple Innovation, Inc. | $31M | 2.5% | -12.9% | 8.3 yr |
| ACHAccendra Health, Inc. | $30M | 2.4% | -74.8% | 1.8 yr |
| PRMBPrimo Brands Corporation | $15M | 1.3% | -45.9% | 0.5 yr |
| INNVInnovAge Holding Corp. | $9M | 0.7% | +169.1% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Rental & Leasing Services22.4%+3.9pp$273M
Consumer Electronics19.8%+9.4pp$242M
Construction14.1%-12.7pp$172M
Education & Training Services11.8%+0.7pp$143M
Furnishings, Fixtures & Appliances11.2%+4.8pp$136M
Auto - Recreational Vehicles6.2%+1.1pp$76M
Software - Application5.4%+3.4pp$66M
Electrical Equipment & Parts4.6%$56M
Medical - Distribution2.4%-5.6pp$30M
Beverages - Non-Alcoholic1.3%$15M
Country
US100.0%+6.6pp
Top 5: 68.1% · Top 10: 95.6% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.22B | 13 | -3.58% | +17.59% | -21.17% | +0.13B |
| 2025-12-31 | $1.22B | 13 | -11.06% | +17.72% | -28.78% | +0.21B |
| 2025-09-30 | $1.02B | 11 | +18.98% | +17.52% | +1.46% | -0.42B |
| 2025-06-30 | $1.39B | 17 | +21.26% | +14.94% | +6.32% | +0.13B |
| 2025-03-31 | $1.20B | 17 | +6.35% | +8.30% | -1.95% | +0.20B |
| 2024-12-31 | $1.21B | 14 | +39.85% | +24.89% | +14.97% | -0.15B |
| 2024-09-30 | $1.03B | 14 | +21.70% | +36.04% | -14.34% | -0.15B |
| 2024-06-30 | $1.12B | 14 | -8.28% | +24.49% | -32.78% | +0.12B |
| 2024-03-31 | $1.08B | 11 | -9.35% | +29.62% | -38.97% | -0.26B |
| 2023-12-31 | $1.25B | 11 | -11.34% | +26.18% | -37.52% | +0.14B |
| 2023-09-30 | $959M | 11 | -14.35% | +21.57% | -35.92% | +0.07B |
| 2023-06-30 | $1.11B | 12 | +17.05% | +19.42% | -2.38% | -0.10B |
| 2023-03-31 | $1.32B | 12 | -9.53% | -7.82% | -1.71% | -0.10B |
| 2022-12-31 | $1.34B | 13 | +11.03% | +7.56% | +3.47% | -0.02B |
| 2022-09-30 | $1.23B | 13 | +8.99% | -4.93% | +13.92% | -0.01B |
| 2022-06-30 | $1.13B | 14 | -29.35% | -16.11% | -13.24% | +0.19B |