Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.92%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.84%
baseline attrition
Rally response
-19.66%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CICigna Corporation | $114M | 7.3% | -17.2% | 7.5 yr |
| ICLRICON Public Limited Comp | $83M | 5.3% | -36.8% | 1.0 yr |
| AXTAAxalta Coating Systems L | $80M | 5.2% | -16.5% | 5.5 yr |
| GPIGroup 1 Automotive, Inc. | $70M | 4.5% | -13.0% | 7.3 yr |
| ALLYAlly Financial Inc. | $65M | 4.2% | +11.1% | 9.0 yr |
| SSNCSS&C Technologies Holdin | $64M | 4.1% | -18.0% | 2.0 yr |
| SHCSotera Health Company | $59M | 3.8% | +23.0% | 2.3 yr |
| VTRSViatris Inc. | $50M | 3.2% | +62.4% | 0.5 yr |
| — | $46M | 2.9% | — | 0.8 yr |
| BCBrunswick Corporation | $43M | 2.7% | +38.7% | 8.3 yr |
| METAMeta Platforms, Inc. | $41M | 2.6% | -0.4% | 7.3 yr |
| TFSLTFS Financial Corporatio | $40M | 2.6% | +23.2% | 1.3 yr |
| IQVIQVIA Holdings Inc. | $40M | 2.5% | -3.3% | 1.0 yr |
| FAFFirst American Financial | $39M | 2.5% | -4.9% | 6.3 yr |
| ARWArrow Electronics, Inc. | $37M | 2.4% | +38.1% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Medical - Diagnostics & Research12.4%+7.6pp$193M
Medical - Healthcare Plans9.4%-9.5pp$147M
Financial - Credit Services8.2%+4.5pp$128M
Auto - Dealerships6.2%-0.2pp$97M
Software - Infrastructure5.6%+5.3pp$86M
Software - Application5.2%-1.1pp$81M
Unknown5.2%-1.0pp$81M
Chemicals - Specialty5.2%+2.5pp$80M
Internet Content & Information4.0%-0.3pp$63M
Drug Manufacturers - Specialty & Generic3.2%$50M
Country
US85.7%-0.9pp
IE5.3%
Unknown5.2%-1.0pp
CN1.7%+0.5pp
KR1.3%
IL0.8%-0.3pp
Top 5: 26.5% · Top 10: 43.2% · Top 25: 75.3%
Top buys this quarter · 15
| ICLR ICON Public Limited Company | +$46M |
| MSFT Microsoft Corporationnew | +$36M |
| GPI Group 1 Automotive, Inc. | +$34M |
| VTRS Viatris Inc. | +$27M |
| AXTA Axalta Coating Systems Ltd. | +$27M |
| ALLY Ally Financial Inc. | +$24M |
| CDW CDW Corporation | +$23M |
| CPNG Coupang, Inc.new | +$20M |
| SPGI S&P Global Inc.new | +$19M |
| IQV IQVIA Holdings Inc. | +$13M |
Top sells this quarter · 15
| C Citigroup Inc. | −$40M |
| ARW Arrow Electronics, Inc. | −$38M |
| GLNG Golar LNG Limitedexit | −$24M |
| KOF Coca-Cola FEMSA, S.A.B. de C.Vexit | −$18M |
| MCY Mercury General Corporationexit | −$14M |
| BC Brunswick Corporation | −$14M |
| FAF First American Financial Corpo | −$13M |
| CRL Charles River Laboratories Int | −$12M |
| SIG Signet Jewelers Limitedexit | −$10M |
| KMPR Kemper Corporation | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.56B | 62 | +2.94% | +17.59% | -14.65% | +0.23B |
| 2025-12-31 | $1.44B | 53 | +6.84% | +17.72% | -10.88% | +0.11B |
| 2025-09-30 | $1.32B | 50 | +3.73% | +17.52% | -13.79% | -0.05B |
| 2025-06-30 | $1.31B | 47 | +9.63% | +14.94% | -5.31% | +0.13B |
| 2025-03-31 | $1.12B | 44 | -2.03% | +8.30% | -10.33% | +0.10B |
| 2024-12-31 | $1.07B | 41 | +13.94% | +24.89% | -10.94% | -0.14B |
| 2024-09-30 | $1.23B | 44 | +33.87% | +36.04% | -2.16% | -0.06B |
| 2024-06-30 | $1.16B | 42 | +24.21% | +24.49% | -0.29% | +0.08B |
| 2024-03-31 | $1.14B | 38 | +45.91% | +29.62% | +16.29% | -0.08B |
| 2023-12-31 | $1.10B | 38 | +44.51% | +26.18% | +18.33% | -0.16B |
| 2023-09-30 | $1.10B | 37 | +40.64% | +21.57% | +19.08% | -0.09B |
| 2023-06-30 | $1.16B | 34 | +25.57% | +19.42% | +6.14% | -0.20B |
| 2023-03-31 | $1.22B | 34 | +0.80% | -7.82% | +8.61% | -0.02B |
| 2022-12-31 | $1.12B | 32 | -10.71% | -18.17% | +7.47% | -0.19B |
| 2022-09-30 | $1.17B | 37 | +52.36% | -15.51% | +67.87% | -0.28B |
| 2022-06-30 | $1.59B | 41 | -10.78% | -16.11% | +5.33% | -0.13B |