Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.66%
adds when stocks drop
when a holding falls −10%+
Middle response
-8.94%
baseline attrition
Rally response
-22.74%
trims into rallies
when a holding rises +10%+
Top positions · 23
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| QRVOQorvo, Inc. | $581M | 12.7% | +6.9% | 1.3 yr |
| KVUEKenvue Inc. | $471M | 10.3% | -25.0% | 1.5 yr |
| IJHiShares Core S&P Mid-Cap | $394M | 8.6% | — | 1.5 yr |
| AQNAlgonquin Power & Utilit | $351M | 7.7% | +23.8% | 3.0 yr |
| MTCHMatch Group, Inc. | $350M | 7.7% | +0.1% | 1.8 yr |
| ACTGAcacia Research Corporat | $294M | 6.4% | +50.3% | 3.5 yr |
| BILLBill.com Holdings, Inc. | $269M | 5.9% | -16.5% | 0.8 yr |
| LWLamb Weston Holdings, In | $258M | 5.7% | -18.5% | 0.3 yr |
| KMXCarMax, Inc. | $258M | 5.6% | -46.6% | 0.3 yr |
| RIOTRiot Platforms, Inc. | $192M | 4.2% | +73.6% | 1.5 yr |
| GENGen Digital Inc. | $147M | 3.2% | -27.7% | 6.5 yr |
| NWSANews Corporation | $140M | 3.1% | -7.7% | 2.5 yr |
| FLRFluor Corporation | $135M | 2.9% | +30.2% | 0.5 yr |
| CWANClearwater Analytics Hol | $129M | 2.8% | -11.8% | 0.5 yr |
| HRHealthcare Realty Trust | $116M | 2.5% | +6.9% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors12.7%+1.8pp$581M
Household & Personal Products10.3%+0.7pp$471M
Internet Content & Information10.2%+2.2pp$465M
Software - Application8.7%-10.1pp$398M
Asset Management8.6%+4.8pp$394M
Renewable Utilities7.7%+1.5pp$351M
Specialty Business Services6.4%+2.9pp$294M
Packaged Foods5.7%$258M
Auto - Dealerships5.6%$258M
Entertainment4.7%-3.2pp$214M
Country
US92.2%-1.1pp
CA7.7%+1.5pp
Unknown0.1%-0.4pp
Top 5: 47.0% · Top 10: 74.8% · Top 25: 100.0%
Top buys this quarter · 7
| LW Lamb Weston Holdings, Inc.new | +$258M |
| KMX CarMax, Inc.new | +$258M |
| GPGI GPGI, Inc.new | +$86M |
| RIOT Riot Platforms, Inc. | +$35M |
| TRIP Tripadvisor, Inc. | +$115M |
| IJH iShares Core S&P Mid-Cap ETF | +$0M |
| — new | +$0M |
Top sells this quarter · 12
| ADSK Autodesk, Inc.exit | −$240M |
| CRM Salesforce, Inc.exit | −$175M |
| FLR Fluor Corporation | −$108M |
| CWAN Clearwater Analytics Holdings, | −$106M |
| HR Healthcare Realty Trust Incorp | −$98M |
| ROG Rogers Corporation | −$66M |
| NWS News Corporation | −$53M |
| GEN Gen Digital Inc. | −$52M |
| BDX Becton, Dickinson and Company | −$46M |
| AQN Algonquin Power & Utilities Co | −$39M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.57B | 23 | -0.66% | +17.59% | -18.25% | -0.44B |
| 2025-12-31 | $5.28B | 22 | -1.96% | +17.72% | -19.68% | +0.03B |
| 2025-09-30 | $5.31B | 20 | +2.06% | +17.52% | -15.46% | -0.47B |
| 2025-06-30 | $5.76B | 23 | +4.61% | +14.94% | -10.33% | -0.03B |
| 2025-03-31 | $5.49B | 21 | -2.57% | +8.30% | -10.87% | +0.32B |
| 2024-12-31 | $5.52B | 21 | +10.99% | +24.89% | -13.90% | +0.69B |
| 2024-09-30 | $4.70B | 18 | +30.55% | +36.04% | -5.49% | +0.28B |
| 2024-06-30 | $4.29B | 19 | +30.49% | +24.49% | +6.00% | -0.44B |
| 2024-03-31 | $4.81B | 19 | +36.77% | +29.62% | +7.15% | -0.24B |
| 2023-12-31 | $4.73B | 22 | +35.02% | +26.18% | +8.85% | +0.07B |
| 2023-09-30 | $3.85B | 22 | +22.48% | +21.57% | +0.91% | -0.86B |
| 2023-06-30 | $4.58B | 45 | +13.40% | +19.42% | -6.03% | -0.53B |
| 2023-03-31 | $4.96B | 103 | -6.12% | -7.82% | +1.69% | -0.53B |
| 2022-12-31 | $5.22B | 147 | +9.77% | +7.56% | +2.21% | +0.22B |
| 2022-09-30 | $4.55B | 176 | -4.77% | -4.93% | +0.16% | -0.69B |
| 2022-06-30 | $5.50B | 182 | -14.74% | -16.11% | +1.37% | -0.93B |