Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.92%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.29%
steady accumulation
Rally response
-8.49%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SATSEchoStar Corporation | $23M | 20.3% | +575.1% | 2.5 yr |
| ATEXAnterix Inc. | $7M | 5.8% | +20.5% | 0.5 yr |
| DSPViant Technology Inc. | $6M | 5.2% | +143.0% | 2.5 yr |
| LSAKLesaka Technologies, Inc | $6M | 4.9% | +33.6% | 2.8 yr |
| CNXXCONX Corp. | $5M | 4.8% | — | 1.5 yr |
| INSEInspired Entertainment, | $4M | 3.8% | -51.5% | 2.8 yr |
| KVHIKVH Industries, Inc. | $4M | 3.6% | -2.0% | 2.8 yr |
| — | $3M | 3.0% | — | 0.5 yr |
| PESIPerma-Fix Environmental | $3M | 2.8% | -2.6% | 2.8 yr |
| CLARClarus Corporation | $3M | 2.7% | -68.5% | 1.8 yr |
| PWFLPowerFleet, Inc. | $3M | 2.5% | — | 2.8 yr |
| ALLTAllot Ltd. | $2M | 2.2% | +110.8% | 2.5 yr |
| DUOTDuos Technologies Group, | $2M | 1.9% | +15.5% | 0.5 yr |
| — | $2M | 1.8% | — | 0.5 yr |
| GANXGain Therapeutics, Inc. | $2M | 1.7% | -56.7% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Communication Equipment27.4%+13.0pp$31M
Software - Application8.1%+5.8pp$9M
Software - Infrastructure7.9%-4.3pp$9M
Unknown6.7%-1.0pp$8M
Telecommunications Services6.6%+3.3pp$7M
Shell Companies4.8%$5M
Gambling, Resorts & Casinos3.8%-12.5pp$4M
Information Technology Services3.7%+0.7pp$4M
Semiconductors3.4%$4M
Biotechnology3.3%$4M
Country
US82.6%+9.9pp
Unknown6.7%-1.0pp
ZA4.9%-3.1pp
IL3.1%-0.7pp
CN1.2%
LU0.9%-0.3pp
KR0.6%
Top 5: 41.0% · Top 10: 57.0% · Top 25: 81.4%
Top buys this quarter · 15
| CODI Compass Diversifiednew | +$2M |
| GSIT GSI Technology, Inc.new | +$2M |
| HCKT The Hackett Group, Inc.new | +$2M |
| ARLO Arlo Technologies, Inc.new | +$1M |
| DSP Viant Technology Inc. | +$1M |
| FENC Fennec Pharmaceuticals Inc. | +$1M |
| FEAM 5E Advanced Materials Inc. | +$1M |
| LSAK Lesaka Technologies, Inc. | +$1M |
| CSGP CoStar Group, Inc.new | +$0M |
| ATEX Anterix Inc. | +$0M |
Top sells this quarter · 15
| SATS EchoStar Corporation | −$6M |
| EFX.TO Enerflex Ltd.exit | −$4M |
| CNDT Conduent Incorporatedexit | −$2M |
| DHC Diversified Healthcare Trust | −$1M |
| LULU Lululemon Athletica Inc.exit | −$1M |
| ASPS Altisource Portfolio Solutionsexit | −$1M |
| CMTL Comtech Telecommunications Corexit | −$1M |
| PESI Perma-Fix Environmental Servic | −$0M |
| ARLP Alliance Resource Partners, L.exit | −$0M |
| SSTI SoundThinking, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $114M | 63 | +31.09% | +6.07% | +25.01% | +0.00B |
| 2025-12-31 | $119M | 65 | +36.92% | +20.55% | +16.37% | +0.01B |
| 2023-12-31 | $70M | 51 | -8.49% | +26.18% | -34.67% | -0.00B |
| 2023-09-30 | $78M | 49 | +9.73% | +21.57% | -11.84% | +0.01B |
| 2023-06-30 | $72M | 54 | +6.33% | +19.42% | -13.09% | -0.01B |
| 2023-03-31 | $82M | 54 | -16.90% | -7.82% | -9.08% | +0.00B |
| 2022-12-31 | $72M | 50 | +10.58% | +7.56% | +3.01% | -0.01B |
| 2022-09-30 | $72M | 57 | -11.83% | -4.93% | -6.90% | +0.00B |
| 2022-06-30 | $80M | 60 | -22.01% | -16.11% | -5.90% | -0.00B |
| 2022-03-31 | $104M | 66 | — | — | — | -0.00B |
| 2021-12-31 | $104M | 68 | — | — | — | — |