Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.33%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.10%
baseline attrition
Rally response
-2.29%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| XOMExxon Mobil Corporation | $34M | 21.7% | +47.6% | 6.8 yr |
| JOEThe St. Joe Company | $17M | 10.9% | +35.3% | 10.0 yr |
| DKSDICK'S Sporting Goods, I | $8M | 5.2% | +0.1% | 10.3 yr |
| WMTWalmart Inc. | $8M | 4.9% | +42.8% | 10.5 yr |
| NTRNutrien Ltd. | $7M | 4.6% | +56.2% | 6.8 yr |
| FASTFastenal Company | $7M | 4.5% | +22.1% | 10.5 yr |
| GDDYGoDaddy Inc. | $7M | 4.2% | -54.1% | 5.8 yr |
| CALMCal-Maine Foods, Inc. | $6M | 3.8% | -5.4% | 9.5 yr |
| MLRMiller Industries, Inc. | $5M | 3.1% | +9.6% | 6.5 yr |
| DISThe Walt Disney Company | $4M | 2.7% | -1.3% | 6.0 yr |
| BLDRBuilders FirstSource, In | $4M | 2.5% | -34.1% | 0.3 yr |
| UHAL-BU-Haul Holding Company | $4M | 2.4% | — | 3.5 yr |
| PYPLPayPal Holdings, Inc. | $4M | 2.3% | -30.3% | 3.8 yr |
| DLBDolby Laboratories, Inc. | $4M | 2.3% | -23.7% | 10.5 yr |
| DVDoubleVerify Holdings, I | $3M | 2.1% | -28.9% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Integrated21.9%+4.9pp$34M
Real Estate - Diversified10.9%+2.0pp$17M
Software - Infrastructure6.3%-6.5pp$10M
Specialty Retail5.9%-0.3pp$9M
Asset Management5.1%+0.6pp$8M
Discount Stores4.9%+1.0pp$8M
Agricultural Inputs4.6%+1.4pp$7M
Industrial - Distribution4.5%+0.3pp$7M
Agricultural Farm Products3.8%-3.9pp$6M
Entertainment3.1%-2.8pp$5M
Country
US92.9%-0.5pp
CA4.6%+1.4pp
CH1.8%-0.1pp
JE0.7%-0.8pp
Top 5: 47.4% · Top 10: 65.6% · Top 25: 90.0%
Top buys this quarter · 15
| BLDR Builders FirstSource, Inc.new | +$4M |
| DV DoubleVerify Holdings, Inc.new | +$3M |
| ATKR Atkore Inc.new | +$1M |
| PUBM PubMatic, Inc. | +$0M |
| PYPL PayPal Holdings, Inc. | +$4M |
| DKS DICK'S Sporting Goods, Inc. | +$0M |
| FORA Forian Inc.new | +$0M |
| GLXZ Galaxy Gaming, Inc. | +$0M |
| MSFT Microsoft Corporation | +$3M |
| JOUT Johnson Outdoors Inc. | +$0M |
Top sells this quarter · 15
| WBD Warner Bros. Discovery, Inc. | −$10M |
| XOM Exxon Mobil Corporation | −$26M |
| GDDY GoDaddy Inc. | −$0M |
| FAST Fastenal Company | −$6M |
| JOE The St. Joe Company | −$16M |
| LAKE Lakeland Industries, Inc. | −$0M |
| CVX Chevron Corporation | −$0M |
| ODC Oil-Dri Corporation of America | −$2M |
| AAPL Apple Inc. | −$0M |
| DIS The Walt Disney Company | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $157M | 55 | +14.48% | +17.59% | -3.11% | -0.00B |
| 2025-12-31 | $153M | 50 | +3.97% | +17.72% | -13.75% | -0.00B |
| 2025-09-30 | $153M | 51 | +8.26% | +17.52% | -9.26% | +0.00B |
| 2025-06-30 | $148M | 50 | +13.06% | +14.94% | -1.88% | -0.01B |
| 2025-03-31 | $147M | 52 | +7.92% | +8.30% | -0.39% | +0.00B |
| 2024-12-31 | $153M | 50 | +24.01% | +24.89% | -0.87% | -0.01B |
| 2024-09-30 | $152M | 49 | +30.18% | +36.04% | -5.86% | -0.00B |
| 2024-06-30 | $143M | 49 | +22.56% | +24.49% | -1.93% | -0.00B |
| 2024-03-31 | $149M | 49 | +20.84% | +29.62% | -8.79% | -0.00B |
| 2023-12-31 | $136M | 46 | +21.35% | +26.18% | -4.83% | -0.01B |
| 2023-09-30 | $132M | 47 | +19.33% | +21.57% | -2.24% | -0.00B |
| 2023-06-30 | $135M | 49 | +16.15% | +19.42% | -3.27% | -0.00B |
| 2023-03-31 | $141M | 49 | -0.30% | -7.82% | +7.52% | -0.00B |
| 2022-12-31 | $129M | 46 | -14.01% | -18.17% | +4.17% | -0.00B |
| 2022-09-30 | $121M | 45 | -12.39% | -15.51% | +3.11% | +0.00B |
| 2022-06-30 | $122M | 42 | -10.25% | -10.62% | +0.37% | -0.00B |