Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.04%
adds when stocks drop
when a holding falls −10%+
Middle response
-8.02%
baseline attrition
Rally response
-4.42%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VCTRVictory Capital Holdings | $268M | 78.7% | +16.6% | 4.5 yr |
| WTTRSelect Water Solutions, | $60M | 17.5% | +50.0% | 9.0 yr |
| CWHCamping World Holdings, | $13M | 3.8% | -56.6% | 9.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management78.7%-7.3pp$268M
Regulated Water17.5%+9.5pp$60M
Auto - Dealerships3.8%-2.2pp$13M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CWH | $31M | -0.02B | -56.6% |
Top buys this quarter · 1
| VCTR Victory Capital Holdings, Inc. | +$0M |
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $341M | 3 | +14.76% | +17.59% | -2.83% | -0.00B |
| 2025-12-31 | $318M | 3 | -7.04% | +17.72% | -24.76% | -0.00B |
| 2025-09-30 | $339M | 3 | +14.38% | +17.52% | -3.14% | -0.23B |
| 2025-06-30 | $552M | 3 | +29.94% | +14.94% | +14.99% | -0.00B |
| 2025-03-31 | $513M | 3 | +30.69% | +8.30% | +22.38% | -0.00B |
| 2024-12-31 | $590M | 3 | +82.84% | +24.89% | +57.96% | -0.27B |
| 2024-09-30 | $733M | 3 | +64.78% | +36.04% | +28.74% | -0.01B |
| 2024-06-30 | $630M | 3 | +44.68% | +24.49% | +20.19% | -0.00B |
| 2024-03-31 | $582M | 3 | +47.61% | +29.62% | +17.99% | -0.00B |
| 2023-12-31 | $480M | 3 | +30.13% | +26.18% | +3.96% | -0.24B |
| 2023-09-30 | $679M | 3 | +42.16% | +21.57% | +20.59% | -0.01B |
| 2023-06-30 | $665M | 3 | +36.65% | +19.42% | +17.22% | -0.14B |
| 2023-03-31 | $722M | 3 | +2.90% | -7.82% | +10.72% | -0.11B |
| 2022-12-31 | $768M | 3 | +15.16% | +7.56% | +7.60% | -0.07B |
| 2022-09-30 | $730M | 3 | -1.06% | -4.93% | +3.87% | -0.01B |
| 2022-06-30 | $744M | 3 | -16.22% | -16.11% | -0.11% | -0.01B |