Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.56%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.78%
steady accumulation
Rally response
-5.24%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPXCSPX Technologies, Inc. | $25M | 9.7% | +55.3% | 2.0 yr |
| KRYSKrystal Biotech, Inc. | $12M | 4.6% | +43.3% | 2.0 yr |
| PKEPark Aerospace Corp. | $11M | 4.5% | +108.9% | 0.8 yr |
| PAYPaymentus Holdings, Inc. | $11M | 4.3% | -2.7% | 1.3 yr |
| IWMiShares Russell 2000 ETF | $8M | 3.3% | — | 0.8 yr |
| LUNRIntuitive Machines, Inc. | $8M | 3.2% | +149.1% | 1.3 yr |
| ENVAEnova International, Inc | $8M | 3.2% | +40.7% | 2.0 yr |
| MEDPMedpace Holdings, Inc. | $8M | 3.1% | +57.6% | 2.0 yr |
| TVTXTravere Therapeutics, In | $8M | 3.0% | +65.8% | 0.5 yr |
| UFPTUFP Technologies, Inc. | $7M | 2.9% | -4.0% | 2.0 yr |
| SKYTSkyWater Technology, Inc | $7M | 2.8% | +286.6% | 0.3 yr |
| ITRIItron, Inc. | $7M | 2.8% | -14.4% | 1.0 yr |
| MWAMueller Water Products, | $7M | 2.8% | +9.3% | 1.5 yr |
| IESCIES Holdings, Inc. | $7M | 2.7% | +188.6% | 0.8 yr |
| AMPXAmprius Technologies, In | $6M | 2.5% | +529.1% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery14.5%+2.9pp$37M
Biotechnology11.4%-4.3pp$29M
Hardware, Equipment & Parts9.4%+4.7pp$24M
Aerospace & Defense8.2%+3.5pp$21M
Software - Infrastructure5.1%+1.8pp$13M
Semiconductors5.0%+1.9pp$13M
Information Technology Services4.3%-6.1pp$11M
Financial - Credit Services4.2%+1.9pp$11M
Engineering & Construction4.1%-2.6pp$11M
Banks - Regional3.6%-0.9pp$9M
Country
US96.2%+4.4pp
IN1.8%-4.5pp
Unknown1.6%
IL0.4%-1.5pp
Top 5: 26.5% · Top 10: 41.8% · Top 25: 76.2%
Top buys this quarter · 15
| SKYT SkyWater Technology, Inc.new | +$7M |
| AMPX Amprius Technologies, Inc.new | +$6M |
| LPTH LightPath Technologies, Inc.new | +$6M |
| PAY Paymentus Holdings, Inc. | +$6M |
| TVTX Travere Therapeutics, Inc. | +$3M |
| PKE Park Aerospace Corp. | +$3M |
| UMAC Unusual Machines, Inc.new | +$2M |
| SPXC SPX Technologies, Inc. | +$2M |
| SF Stifel Financial Corp. | +$4M |
| MPTI M-tron Industries, Inc. | +$1M |
Top sells this quarter · 13
| STRL Sterling Infrastructure, Inc. | −$36M |
| ISSC Innovative Aerosystems, Inc. | −$4M |
| DCTH Delcath Systems, Inc. | −$2M |
| AGX Argan, Inc.exit | −$2M |
| TSSI TSS, Inc.exit | −$0M |
| INOD Innodata Inc.exit | −$0M |
| TGEN Tecogen Inc. | −$0M |
| FOA Finance Of America Companies Iexit | −$0M |
| ARDX Ardelyx, Inc.exit | −$0M |
| FCPT Four Corners Property Trust, I | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $254M | 50 | +35.01% | +17.59% | +17.42% | -0.01B |
| 2025-12-31 | $265M | 51 | +20.19% | +17.72% | +2.47% | +0.01B |
| 2025-09-30 | $255M | 49 | +15.43% | +17.52% | -2.08% | -0.00B |
| 2025-06-30 | $229M | 39 | +9.98% | +14.94% | -4.97% | -0.01B |
| 2025-03-31 | $199M | 40 | -12.86% | -4.27% | -8.59% | -0.01B |
| 2024-12-31 | $237M | 41 | -2.92% | +2.49% | -5.41% | +0.01B |
| 2024-09-30 | $230M | 40 | +7.65% | +5.75% | +1.90% | +0.01B |
| 2024-06-30 | $202M | 40 | — | — | — | — |