Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.87%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.94%
baseline attrition
Rally response
-4.41%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ESEESCO Technologies Inc. | $40M | 3.8% | +77.1% | 2.3 yr |
| NPOEnPro Industries, Inc. | $31M | 3.0% | +55.8% | 4.3 yr |
| VIAVViavi Solutions Inc. | $27M | 2.7% | +197.4% | 3.0 yr |
| MCMoelis & Company | $27M | 2.6% | +1.8% | 6.5 yr |
| AEISAdvanced Energy Industri | $26M | 2.5% | +239.4% | 4.3 yr |
| SBCFSeacoast Banking Corpora | $25M | 2.4% | +20.7% | 5.0 yr |
| NOGNorthern Oil and Gas, In | $24M | 2.4% | +1.9% | 4.0 yr |
| DIODDiodes Incorporated | $23M | 2.3% | +58.1% | 6.0 yr |
| AUBAtlantic Union Bankshare | $23M | 2.2% | +19.9% | 7.0 yr |
| IDAIDACORP, Inc. | $23M | 2.2% | +26.5% | 10.5 yr |
| BHEBenchmark Electronics, I | $22M | 2.2% | +49.3% | 8.0 yr |
| KALUKaiser Aluminum Corporat | $21M | 2.1% | +106.0% | 6.3 yr |
| COHUCohu, Inc. | $21M | 2.0% | +108.2% | 2.0 yr |
| MMIMarcus & Millichap, Inc. | $20M | 2.0% | -21.4% | 9.0 yr |
| BCPCBalchem Corporation | $20M | 1.9% | +2.7% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional8.7%+1.1pp$89M
Hardware, Equipment & Parts8.0%+2.6pp$82M
Semiconductors6.6%+1.6pp$68M
Industrial - Machinery5.8%+0.2pp$60M
Electrical Equipment & Parts5.3%+1.9pp$55M
Oil & Gas Exploration & Production3.6%-0.3pp$37M
Insurance - Property & Casualty3.5%-1.1pp$36M
Medical - Devices3.3%-2.6pp$35M
Financial - Capital Markets2.8%+0.5pp$29M
Staffing & Employment Services2.7%-1.3pp$28M
Country
US99.7%-0.1pp
Unknown0.1%+0.1pp
GB0.1%+0.0pp
IE0.1%-0.0pp
CH0.1%+0.0pp
Top 5: 14.7% · Top 10: 26.1% · Top 25: 52.8%
Top buys this quarter · 15
| FBK FB Financial Corporationnew | +$14M |
| GPOR Gulfport Energy Corporationnew | +$11M |
| PLPC Preformed Line Products Compannew | +$11M |
| FTDR Frontdoor, Inc.new | +$9M |
| QLYS Qualys, Inc. | +$9M |
| MC Moelis & Company | +$6M |
| AMN AMN Healthcare Services, Inc. | +$4M |
| MMI Marcus & Millichap, Inc. | +$4M |
| EXLS ExlService Holdings, Inc. | +$17M |
| DORM Dorman Products, Inc. | +$4M |
Top sells this quarter · 15
| AEIS Advanced Energy Industries, In | −$19M |
| UMBF UMB Financial Corporation | −$14M |
| CTS CTS Corporationexit | −$13M |
| CTRE CareTrust REIT, Inc.exit | −$10M |
| UTZ Utz Brands, Inc.exit | −$7M |
| VIAV Viavi Solutions Inc. | −$18M |
| KALU Kaiser Aluminum Corporation | −$7M |
| WD Walker & Dunlop, Inc.exit | −$7M |
| ITGR Integer Holdings Corporation | −$6M |
| GOLF Acushnet Holdings Corp. | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.03B | 164 | +13.46% | +17.59% | -4.13% | -0.04B |
| 2025-12-31 | $1.02B | 167 | -1.41% | +17.72% | -19.12% | -0.08B |
| 2025-09-30 | $1.11B | 166 | -1.78% | +17.52% | -19.30% | -0.07B |
| 2025-06-30 | $1.13B | 164 | +3.65% | +14.94% | -11.29% | -0.06B |
| 2025-03-31 | $1.14B | 164 | -2.63% | +8.30% | -10.93% | -0.04B |
| 2024-12-31 | $1.29B | 210 | +10.84% | +24.89% | -14.05% | +0.02B |
| 2024-09-30 | $1.29B | 210 | +26.21% | +36.04% | -9.83% | -0.04B |
| 2024-06-30 | $1.21B | 213 | +9.25% | +24.49% | -15.24% | +0.01B |
| 2024-03-31 | $1.22B | 211 | +17.28% | +29.62% | -12.34% | -0.02B |
| 2023-12-31 | $1.19B | 162 | +17.98% | +26.18% | -8.20% | -0.00B |
| 2023-09-30 | $1.06B | 161 | +14.12% | +21.57% | -7.45% | -0.01B |
| 2023-06-30 | $1.12B | 169 | +14.06% | +19.42% | -5.36% | -0.02B |
| 2023-03-31 | $1.08B | 164 | -3.73% | -7.82% | +4.08% | +0.03B |
| 2022-12-31 | $1.00B | 161 | +8.94% | +7.56% | +1.38% | -0.04B |
| 2022-09-30 | $953M | 161 | -4.89% | -4.93% | +0.03% | -0.00B |
| 2022-06-30 | $1.01B | 161 | -11.31% | -16.11% | +4.80% | -0.12B |