Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.27%
trims when stocks drop
when a holding falls −10%+
Middle response
-17.11%
baseline attrition
Rally response
-5.21%
trims into rallies
when a holding rises +10%+
Top positions · 22
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $20M | 31.0% | — | 1.0 yr |
| CCBCoastal Financial Corpor | $11M | 16.6% | +71.4% | 4.3 yr |
| FFBBFFB Bancorp | $10M | 15.9% | +12.7% | 4.8 yr |
| EGBNEagle Bancorp, Inc. | $5M | 7.1% | -9.7% | 0.5 yr |
| NTBThe Bank of N.T. Butterf | $4M | 6.4% | +82.2% | 3.0 yr |
| COFCapital One Financial Co | $4M | 5.7% | +43.8% | 0.5 yr |
| EWBCEast West Bancorp, Inc. | $3M | 4.3% | +57.4% | 3.0 yr |
| GDOTGreen Dot Corporation | $2M | 3.6% | +13.3% | 0.5 yr |
| OSBCOld Second Bancorp, Inc. | $1M | 2.3% | +34.8% | 0.8 yr |
| BPOPPopular, Inc. | $1M | 2.1% | +73.7% | 4.0 yr |
| CHYMChime Financial, Inc. Cl | $1M | 1.5% | — | 0.8 yr |
| FIGRFigure Technology Soluti | $1M | 1.2% | — | 0.3 yr |
| — | $1M | 1.2% | — | 1.0 yr |
| FNBF.N.B. Corporation | $1M | 0.8% | +30.5% | 0.5 yr |
| HYZDWisdomTree Interest Rate | $0M | 0.1% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional46.3%-31.9pp$30M
Asset Management31.1%+21.7pp$20M
Banks - Diversified10.7%+2.2pp$7M
Financial - Credit Services9.3%$6M
Financial - Capital Markets1.2%$1M
Unknown1.2%$1M
Asset Management - Bonds0.1%$0M
Software - Infrastructure0.0%-3.8pp$0M
Financial - Mortgages0.0%$0M
Country
US92.5%-7.5pp
BM6.4%
Unknown1.2%
Top 5: 77.0% · Top 10: 95.1% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| FOUR | $1M | -0.00B | -41.2% |
Top buys this quarter · 11
| EGBN Eagle Bancorp, Inc. | +$3M |
| GDOT Green Dot Corporation | +$2M |
| COF Capital One Financial Corporat | +$1M |
| CCB Coastal Financial Corporation | +$11M |
| FIGR Figure Technology Solutions, Inew | +$1M |
| CHYM Chime Financial, Inc. Class A | +$1M |
| TCBX Third Coast Bancshares, Inc.new | +$0M |
| WSFS WSFS Financial Corporationnew | +$0M |
| PFFA Virtus InfraCap U.S. Preferrednew | +$0M |
| KRE State Street SPDR S&P Regional | +$0M |
Top sells this quarter · 13
| BPOP Popular, Inc. | −$2M |
| GBFH GBank Financial Holdings Inc.exit | −$2M |
| EWBC East West Bancorp, Inc. | −$1M |
| UWMC UWM Holdings Corporation | −$1M |
| FOUR Shift4 Payments, Inc. | −$0M |
| FNB F.N.B. Corporation | −$0M |
| FFBB FFB Bancorp | −$10M |
| NTB The Bank of N.T. Butterfield & | −$4M |
| WAL Western Alliance Bancorporatioexit | −$0M |
| COLB Columbia Banking System, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $64M | 22 | +50.69% | +17.59% | +33.10% | +0.00B |
| 2025-12-31 | $72M | 18 | +96.28% | +37.28% | +59.01% | +0.01B |
| 2025-09-30 | $56M | 17 | +97.66% | +29.41% | +68.25% | -0.00B |
| 2025-06-30 | $51M | 17 | +66.18% | +30.07% | +36.11% | +0.00B |
| 2023-12-31 | $33M | 13 | +1.41% | +26.18% | -24.77% | -0.02B |
| 2023-09-30 | $49M | 22 | -9.78% | +21.57% | -31.35% | -0.01B |
| 2023-06-30 | $53M | 29 | -15.27% | +19.42% | -34.69% | -0.00B |
| 2023-03-31 | $61M | 33 | -21.14% | -7.82% | -13.32% | -0.00B |
| 2022-12-31 | $74M | 50 | +2.44% | +7.56% | -5.12% | -0.00B |
| 2022-09-30 | $72M | 52 | +1.98% | -4.93% | +6.91% | -0.01B |
| 2022-06-30 | $85M | 59 | -13.70% | -16.11% | +2.41% | -0.00B |
| 2022-03-31 | $102M | 53 | — | — | — | -0.00B |
| 2021-12-31 | $102M | 48 | — | — | — | +0.00B |
| 2021-09-30 | $101M | 48 | — | — | — | -0.01B |
| 2021-06-30 | $107M | 50 | — | — | — | +0.01B |
| 2021-03-31 | $97M | 44 | — | — | — | +0.01B |