Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.02%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.11%
baseline attrition
Rally response
+8.62%
adds into rallies
when a holding rises +10%+
Top positions · 13
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FAFirst Advantage Corporat | $1.05B | 28.6% | -16.5% | 5.0 yr |
| EVCMEverCommerce Inc. | $767M | 20.8% | +13.4% | 4.8 yr |
| UUnity Software Inc. | $762M | 20.7% | +12.0% | 5.5 yr |
| MSGSMadison Square Garden Sp | $611M | 16.6% | +65.1% | 8.5 yr |
| NABLN-able, Inc. | $287M | 7.8% | -34.1% | 4.8 yr |
| — | $189M | 5.1% | — | 0.8 yr |
| GDRXGoodRx Holdings, Inc. | $7M | 0.2% | -55.6% | 5.8 yr |
| SNOWSnowflake Inc. | $1M | 0.0% | +3.2% | 5.8 yr |
| DELLDell Technologies Inc. | $0M | 0.0% | +83.4% | 4.3 yr |
| SPGSimon Property Group, In | $0M | 0.0% | +17.9% | 2.0 yr |
| ORealty Income Corporatio | $0M | 0.0% | +11.5% | 0.8 yr |
| DOCHealthpeak Properties, I | $0M | 0.0% | -12.8% | 0.3 yr |
| AMPLAmplitude, Inc. | $0M | 0.0% | -33.1% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Specialty Business Services28.6%+5.8pp$1.05B
Software - Infrastructure20.8%-28.7pp$767M
Software - Application20.8%+8.4pp$764M
Entertainment16.6%+9.9pp$611M
Information Technology Services7.8%-0.1pp$287M
Unknown5.1%+4.7pp$189M
Medical - Healthcare Information Services0.2%-0.1pp$7M
Computer Hardware0.0%+0.0pp$0M
REIT - Retail0.0%+0.0pp$0M
REIT - Healthcare Facilities0.0%$0M
Country
US94.9%+12.1pp
Unknown5.1%+4.7pp
Top 5: 94.6% · Top 10: 100.0% · Top 25: 100.0%
Top sells this quarter · 1
| — exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.68B | 13 | +1.08% | +17.59% | -16.51% | -0.13B |
| 2025-12-31 | $5.03B | 11 | +9.01% | +17.72% | -8.71% | -0.28B |
| 2025-09-30 | $5.13B | 13 | +2.10% | +17.52% | -15.42% | -0.53B |
| 2025-06-30 | $5.03B | 12 | +0.16% | +14.94% | -14.78% | -1.31B |
| 2025-03-31 | $5.53B | 15 | -15.42% | +8.30% | -23.73% | -1.71B |
| 2024-12-31 | $8.87B | 15 | -10.78% | +24.89% | -35.67% | +0.24B |
| 2024-09-30 | $8.91B | 17 | +7.62% | +36.04% | -28.42% | -0.12B |
| 2024-06-30 | $8.17B | 16 | -15.47% | +24.49% | -39.96% | +0.19B |
| 2024-03-31 | $8.23B | 14 | +1.60% | +29.62% | -28.03% | +0.61B |
| 2023-12-31 | $8.86B | 16 | +39.58% | +26.18% | +13.40% | -8.30B |
| 2023-09-30 | $14.68B | 17 | +9.56% | +21.57% | -12.01% | +1.83B |
| 2023-06-30 | $14.81B | 16 | +25.91% | +19.42% | +6.48% | -1.25B |
| 2023-03-31 | $13.80B | 17 | -40.87% | -7.82% | -33.05% | -1.16B |
| 2022-12-31 | $12.65B | 19 | -8.27% | +7.56% | -15.83% | +2.60B |
| 2022-09-30 | $10.95B | 21 | -0.29% | -4.93% | +4.64% | -1.82B |
| 2022-06-30 | $12.81B | 23 | -45.33% | -16.11% | -29.22% | +2.87B |