Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.93%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.57%
baseline attrition
Rally response
-27.20%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GEOThe GEO Group, Inc. | $89M | 4.3% | -42.5% | 2.5 yr |
| AAPAdvance Auto Parts, Inc. | $76M | 3.6% | +37.1% | 1.5 yr |
| OIO-I Glass, Inc. | $74M | 3.5% | -8.4% | 3.8 yr |
| ALI1.DEAlmonty Industries Inc. | $69M | 3.3% | — | 0.5 yr |
| BKVBKV Corporation | $60M | 2.9% | +35.8% | 1.0 yr |
| GSMFerroglobe PLC | $57M | 2.7% | +12.0% | 6.0 yr |
| CXWCoreCivic, Inc. | $54M | 2.6% | -6.8% | 3.0 yr |
| KDKyndryl Holdings, Inc. | $51M | 2.5% | -58.2% | 2.3 yr |
| — | $48M | 2.3% | — | 0.3 yr |
| RVLVRevolve Group, Inc. | $47M | 2.2% | +5.2% | 0.8 yr |
| DOCNDigitalOcean Holdings, I | $46M | 2.2% | +156.9% | 0.3 yr |
| — | $44M | 2.1% | — | 0.3 yr |
| GXOGXO Logistics, Inc. | $44M | 2.1% | +32.7% | 2.0 yr |
| PUMPProPetro Holding Corp. | $43M | 2.1% | +96.1% | 1.8 yr |
| NXENexGen Energy Ltd. | $41M | 2.0% | +158.4% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure7.5%+4.0pp$155M
Specialty Retail6.8%-1.1pp$141M
Industrial Materials6.0%+4.2pp$126M
Unknown5.9%+4.5pp$124M
Software - Application5.5%-3.4pp$115M
Packaging & Containers5.4%-2.3pp$111M
Security & Protection Services4.3%+0.6pp$89M
Oil & Gas Equipment & Services4.2%+3.8pp$87M
Gambling, Resorts & Casinos4.1%+2.8pp$85M
Information Technology Services3.9%+3.1pp$81M
Country
US75.5%+1.5pp
CA6.3%
Unknown5.9%+4.5pp
GB3.9%-4.8pp
BM2.9%-4.5pp
GR1.7%
IL0.9%-0.1pp
FR0.9%+0.7pp
Top 5: 17.7% · Top 10: 30.0% · Top 25: 57.8%
Top buys this quarter · 15
| DOCN DigitalOcean Holdings, Inc.new | +$46M |
| KD Kyndryl Holdings, Inc. | +$43M |
| TEX Terex Corporationnew | +$39M |
| PUMP ProPetro Holding Corp. | +$38M |
| CORZ Core Scientific, Inc.new | +$37M |
| SHOO Steven Madden, Ltd.new | +$34M |
| PRMB Primo Brands Corporationnew | +$34M |
| UCTT Ultra Clean Holdings, Inc. | +$33M |
| ALI1.DE Almonty Industries Inc. | +$32M |
| OI O-I Glass, Inc. | +$31M |
Top sells this quarter · 15
| CAVA CAVA Group, Inc.exit | −$93M |
| CZR Caesars Entertainment, Inc. | −$61M |
| UNF UniFirst Corporation | −$59M |
| CXW CoreCivic, Inc. | −$58M |
| GXO GXO Logistics, Inc. | −$45M |
| CC The Chemours Company | −$42M |
| CTRI Centuri Holdings, Inc.exit | −$39M |
| CRK Comstock Resources, Inc.exit | −$39M |
| STNG Scorpio Tankers Inc. | −$38M |
| JCI Johnson Controls International | −$37M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.08B | 93 | +19.97% | +17.59% | +2.38% | -0.17B |
| 2025-12-31 | $2.11B | 84 | -0.44% | +17.72% | -18.16% | -0.56B |
| 2025-09-30 | $2.67B | 88 | +5.67% | +17.52% | -11.85% | -0.49B |
| 2025-06-30 | $3.01B | 94 | +4.28% | +14.94% | -10.66% | -0.31B |
| 2025-03-31 | $3.08B | 86 | -6.95% | +8.30% | -15.25% | +0.23B |
| 2024-12-31 | $3.23B | 87 | +11.23% | +24.89% | -13.66% | -0.05B |
| 2024-09-30 | $3.10B | 90 | +24.33% | +36.04% | -11.70% | +0.25B |
| 2024-06-30 | $2.74B | 97 | +19.11% | +24.49% | -5.38% | +0.38B |
| 2024-03-31 | $2.46B | 104 | +29.07% | +29.62% | -0.56% | +0.45B |
| 2023-12-31 | $1.91B | 86 | +35.46% | +26.18% | +9.28% | -0.04B |
| 2023-09-30 | $1.64B | 91 | +24.56% | +21.57% | +2.99% | +0.18B |
| 2023-06-30 | $1.47B | 95 | +21.16% | +19.42% | +1.74% | -0.00B |
| 2023-03-31 | $1.41B | 96 | -0.10% | -7.82% | +7.71% | +0.08B |
| 2022-12-31 | $1.21B | 108 | +8.87% | +7.56% | +1.31% | +0.17B |
| 2022-09-30 | $953M | 105 | -3.30% | -4.93% | +1.62% | +0.15B |
| 2022-06-30 | $827M | 101 | -14.29% | -16.11% | +1.82% | +0.01B |