Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.68%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.96%
baseline attrition
Rally response
-8.64%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $18M | 1.6% | — | 7.8 yr |
| AAPLApple Inc. | $15M | 1.4% | +14.7% | 6.0 yr |
| — | $15M | 1.4% | — | 2.8 yr |
| — | $14M | 1.3% | — | 2.8 yr |
| SNEXStoneX Group Inc. | $14M | 1.2% | +5.6% | 5.0 yr |
| — | $13M | 1.2% | — | 2.8 yr |
| VSECVSE Corporation | $11M | 1.0% | +54.1% | 2.3 yr |
| — | $9M | 0.9% | — | 2.8 yr |
| STRLSterling Infrastructure, | $9M | 0.8% | +259.7% | 3.5 yr |
| BGCBGC Group, Inc | $8M | 0.8% | +7.7% | 2.8 yr |
| AMZNAmazon.com, Inc. | $8M | 0.7% | +9.5% | 3.8 yr |
| — | $8M | 0.7% | — | 2.8 yr |
| MSFTMicrosoft Corporation | $8M | 0.7% | -0.6% | 6.0 yr |
| MODModine Manufacturing Com | $8M | 0.7% | +182.4% | 2.8 yr |
| — | $7M | 0.7% | — | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Unknown49.7%+0.3pp$544M
Semiconductors3.7%+1.0pp$40M
Banks - Regional2.5%+0.4pp$27M
Aerospace & Defense2.2%+1.1pp$24M
Financial - Capital Markets2.1%-0.2pp$23M
Biotechnology1.8%+0.0pp$20M
Drug Manufacturers - General1.6%+0.3pp$18M
Software - Application1.6%-1.6pp$18M
Hardware, Equipment & Parts1.5%-0.1pp$16M
Engineering & Construction1.5%+0.7pp$16M
Country
US50.1%-0.0pp
Unknown49.7%+0.3pp
SG0.1%-0.1pp
CA0.1%-0.1pp
AU0.0%
Top 5: 6.9% · Top 10: 11.5% · Top 25: 21.2%
Top buys this quarter · 15
| ODC Oil-Dri Corporation of Americanew | +$5M |
| STRL Sterling Infrastructure, Inc. | +$4M |
| SNEX StoneX Group Inc. | +$4M |
| OMC Omnicom Group Inc. | +$4M |
| MOD Modine Manufacturing Company | +$3M |
| CLMB Climb Global Solutions, Inc. | +$4M |
| IBM International Business Machine | +$2M |
| LINC Lincoln Educational Services C | +$2M |
| BAC Bank of America Corporation | +$2M |
| C Citigroup Inc. | +$2M |
Top sells this quarter · 15
| WFC Wells Fargo & Company | −$3M |
| SHOO Steven Madden, Ltd. | −$3M |
| FSLR First Solar, Inc.exit | −$3M |
| ANF Abercrombie & Fitch Co. | −$2M |
| HUBS HubSpot, Inc.exit | −$2M |
| JNJ Johnson & Johnson | −$2M |
| BE Bloom Energy Corporation | −$2M |
| WMT Walmart Inc.exit | −$2M |
| SYY Sysco Corporation | −$2M |
| WGO Winnebago Industries, Inc.exit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.09B | 724 | +21.70% | +17.59% | +4.11% | -0.07B |
| 2025-12-31 | $1.16B | 750 | +13.01% | +17.72% | -4.71% | +0.21B |
| 2025-09-30 | $918M | 558 | +8.05% | +17.52% | -9.47% | +0.00B |
| 2025-06-30 | $839M | 562 | +8.34% | +14.94% | -6.60% | +0.04B |
| 2025-03-31 | $742M | 563 | +1.56% | +8.30% | -6.75% | +0.03B |
| 2024-12-31 | $764M | 565 | +16.49% | +24.89% | -8.39% | -0.04B |
| 2024-09-30 | $809M | 559 | +30.72% | +36.04% | -5.32% | -0.00B |
| 2024-06-30 | $742M | 559 | +15.88% | +24.49% | -8.61% | -0.09B |
| 2024-03-31 | $829M | 563 | +24.62% | +29.62% | -5.00% | +0.01B |
| 2023-12-31 | $766M | 566 | +24.31% | +26.18% | -1.87% | -0.00B |
| 2023-09-30 | $690M | 553 | +19.37% | +21.57% | -2.20% | -0.03B |
| 2023-06-30 | $739M | 571 | +18.24% | +19.42% | -1.18% | +0.14B |
| 2023-03-31 | $550M | 497 | -1.51% | -7.82% | +6.31% | -0.01B |
| 2022-12-31 | $524M | 502 | +6.83% | +7.56% | -0.73% | +0.11B |
| 2022-09-30 | $386M | 378 | -4.10% | -4.93% | +0.82% | -0.04B |
| 2022-06-30 | $446M | 369 | -9.56% | -16.11% | +6.55% | +0.00B |