Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.86%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.82%
baseline attrition
Rally response
-0.90%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QUALiShares MSCI USA Quality | $70M | 12.8% | — | 0.3 yr |
| QQQInvesco QQQ Trust, Serie | $54M | 9.9% | — | 4.8 yr |
| VFFVillage Farms Internatio | $17M | 3.1% | +369.5% | 6.5 yr |
| IWOiShares Russell 2000 Gro | $16M | 3.0% | — | 0.5 yr |
| IVLUiShares MSCI Intl Value | $16M | 2.9% | — | 0.5 yr |
| IMTMiShares MSCI Intl Moment | $16M | 2.9% | — | 0.5 yr |
| EEMAiShares MSCI Emerging Ma | $16M | 2.9% | — | 0.3 yr |
| MSOSAdvisorShares Pure US Ca | $15M | 2.7% | — | 4.5 yr |
| FIXComfort Systems USA, Inc | $10M | 1.8% | +329.0% | 1.3 yr |
| CASYCasey's General Stores, | $9M | 1.6% | +68.4% | 3.3 yr |
| ALSNAllison Transmission Hol | $8M | 1.5% | +23.8% | 3.3 yr |
| BOXXAlpha Architect 1-3 Mont | $8M | 1.5% | — | 0.3 yr |
| IESCIES Holdings, Inc. | $8M | 1.4% | +188.6% | 1.5 yr |
| MCKMcKesson Corporation | $7M | 1.3% | +29.1% | 1.8 yr |
| AWKAmerican Water Works Com | $7M | 1.3% | -5.4% | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management43.0%+0.4pp$236M
Engineering & Construction3.7%+2.4pp$20M
Medical - Distribution3.6%+0.6pp$20M
Financial - Data & Stock Exchanges3.3%-1.2pp$18M
Medical - Devices3.3%+0.3pp$18M
Agricultural Farm Products3.1%+2.7pp$17M
Unknown2.8%+0.9pp$15M
Software - Application2.6%-1.6pp$14M
Information Technology Services2.3%-2.4pp$13M
Biotechnology2.3%+1.0pp$12M
Country
US83.5%-4.6pp
CA4.5%+3.0pp
Unknown2.8%+0.9pp
GB1.3%+0.2pp
ZA0.9%+0.6pp
IE0.7%+0.1pp
BR0.7%+0.4pp
CN0.5%-0.6pp
Top 5: 31.7% · Top 10: 43.6% · Top 25: 62.3%
Top buys this quarter · 15
| DFTX Definium Therapeutics, Inc.new | +$2M |
| ESLT Elbit Systems Ltd. | +$1M |
| GSK GSK plcnew | +$1M |
| AER AerCap Holdings N.V.new | +$1M |
| VLRS Controladora Vuela CompañÃa new | +$1M |
| FLNG FLEX LNG Ltd.new | +$1M |
| NVS Novartis AG | +$1M |
| MRVL Marvell Technology, Inc.new | +$1M |
| STIM Neuronetics, Inc. | +$1M |
| CNX CNX Resources Corporationnew | +$1M |
Top sells this quarter · 15
| HSY The Hershey Company | −$6M |
| ATAI Atai Beckley N.Vexit | −$2M |
| FIX Comfort Systems USA, Inc. | −$8M |
| CASY Casey's General Stores, Inc. | −$7M |
| JAZZ Jazz Pharmaceuticals plcexit | −$1M |
| TIGR UP Fintech Holding Ltd. Sponsoexit | −$1M |
| CRDL Cardiol Therapeutics Inc.exit | −$1M |
| BR Broadridge Financial Solutions | −$1M |
| SONY Sony Group Corporationexit | −$1M |
| IESC IES Holdings, Inc. | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $549M | 276 | +13.97% | +17.59% | -3.62% | -0.03B |
| 2025-12-31 | $599M | 289 | +16.29% | +17.72% | -1.42% | -0.03B |
| 2025-09-30 | $612M | 288 | +13.01% | +17.52% | -4.50% | +0.03B |
| 2025-06-30 | $555M | 292 | +18.52% | +14.94% | +3.58% | +0.00B |
| 2025-03-31 | $511M | 267 | +8.54% | +8.30% | +0.24% | +0.00B |
| 2024-12-31 | $518M | 260 | +21.53% | +24.89% | -3.36% | -0.01B |
| 2024-09-30 | $522M | 265 | +34.32% | +36.04% | -1.72% | -0.11B |
| 2024-06-30 | $574M | 271 | +25.15% | +24.49% | +0.66% | -0.02B |
| 2024-03-31 | $593M | 273 | +11.17% | +29.62% | -18.45% | +0.12B |
| 2023-12-31 | $427M | 271 | -3.77% | +26.18% | -29.95% | +0.01B |
| 2023-09-30 | $375M | 237 | -15.65% | +21.57% | -37.22% | +0.01B |
| 2023-06-30 | $349M | 253 | -41.32% | +19.42% | -60.75% | +0.07B |
| 2023-03-31 | $321M | 278 | -68.94% | -7.82% | -61.12% | -0.02B |
| 2022-12-31 | $355M | 306 | -2.69% | +7.56% | -10.25% | -0.01B |
| 2022-09-30 | $370M | 312 | -28.19% | -4.93% | -23.26% | +0.11B |
| 2022-06-30 | $359M | 230 | -53.26% | -16.11% | -37.15% | +0.08B |