Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.50%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.25%
baseline attrition
Rally response
+2.69%
adds into rallies
when a holding rises +10%+
Top positions · 23
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GDOTGreen Dot Corporation | $40M | 20.9% | +32.9% | 1.3 yr |
| CODICompass Diversified | $25M | 13.0% | -57.3% | 0.5 yr |
| TFXTeleflex Incorporated | $22M | 11.6% | -12.4% | 0.3 yr |
| IOSPInnospec Inc. | $17M | 8.7% | -21.3% | 0.8 yr |
| AMBCAmbac Financial Group, I | $10M | 5.5% | — | 2.3 yr |
| AVNWAviat Networks, Inc. | $9M | 4.9% | +17.9% | 1.3 yr |
| ANGIVAngi Inc. Class A Common | $8M | 4.4% | — | 0.5 yr |
| — | $7M | 3.5% | — | 2.3 yr |
| YETIYETI Holdings, Inc. | $6M | 3.1% | +10.5% | 1.3 yr |
| FIVEFive Below, Inc. | $5M | 2.8% | +204.9% | 0.8 yr |
| — | $5M | 2.8% | — | 0.3 yr |
| UUPInvesco DB US Dollar Ind | $5M | 2.7% | — | 3.3 yr |
| EZPWEZCORP, Inc. | $5M | 2.7% | +72.4% | 1.5 yr |
| FRPTFreshpet, Inc. | $4M | 2.2% | -29.1% | 0.5 yr |
| WULFTeraWulf Inc. | $4M | 2.1% | +428.6% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Financial - Credit Services23.6%+19.6pp$45M
Conglomerates13.0%$25M
Medical - Instruments & Supplies11.6%$22M
Chemicals - Specialty8.7%+2.2pp$17M
Unknown6.2%+1.6pp$12M
Insurance - Specialty5.5%+1.9pp$10M
Communication Equipment4.9%+2.7pp$9M
Internet Content & Information4.4%$8M
Leisure3.1%+1.0pp$6M
Packaged Foods2.8%$5M
Country
US93.8%+5.7pp
Unknown6.2%+1.6pp
Top 5: 59.7% · Top 10: 78.4% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 14
| TFX Teleflex Incorporatednew | +$22M |
| GDOT Green Dot Corporation | +$18M |
| CODI Compass Diversified | +$16M |
| WULF TeraWulf Inc.new | +$4M |
| HNRG Hallador Energy Companynew | +$4M |
| WEAV Weave Communications, Inc.new | +$2M |
| CWH Camping World Holdings, Inc.new | +$2M |
| YETI YETI Holdings, Inc. | +$2M |
| HAIN The Hain Celestial Group, Inc.new | +$1M |
| FRPT Freshpet, Inc. | +$0M |
Top sells this quarter · 15
| SEM Select Medical Holdings Corporexit | −$34M |
| ATEC Alphatec Holdings, Inc. | −$13M |
| BLTE Belite Bio, Incexit | −$10M |
| MCW Mister Car Wash, Inc.exit | −$6M |
| EZPW EZCORP, Inc. | −$5M |
| NX Quanex Building Products Corpoexit | −$5M |
| FIVE Five Below, Inc. | −$4M |
| DRVN Driven Brands Holdings Inc.exit | −$4M |
| IOSP Innospec Inc. | −$3M |
| NSP Insperity, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $190M | 23 | +30.57% | +17.59% | +12.98% | -0.02B |
| 2025-12-31 | $217M | 25 | +30.95% | +17.72% | +13.23% | +0.01B |
| 2025-09-30 | $187M | 22 | +27.01% | +17.52% | +9.50% | -0.01B |
| 2025-06-30 | $180M | 20 | +19.95% | +14.94% | +5.01% | -0.01B |
| 2025-03-31 | $170M | 29 | +12.04% | +8.30% | +3.74% | +0.03B |
| 2024-12-31 | $150M | 23 | +22.79% | +24.89% | -2.10% | +0.04B |
| 2024-09-30 | $107M | 21 | +21.37% | +36.04% | -14.67% | +0.01B |
| 2024-06-30 | $97M | 22 | +4.73% | +24.49% | -19.76% | -0.02B |
| 2024-03-31 | $106M | 22 | +1.10% | +29.62% | -28.52% | -0.00B |
| 2023-12-31 | $106M | 30 | +2.17% | +26.18% | -24.01% | -0.01B |
| 2023-09-30 | $111M | 28 | +6.65% | +21.57% | -14.92% | +0.01B |
| 2023-06-30 | $115M | 33 | +12.34% | +19.42% | -7.08% | +0.01B |
| 2023-03-31 | $99M | 25 | -8.25% | -7.82% | -0.43% | -0.02B |
| 2022-12-31 | $114M | 28 | +9.57% | +7.56% | +2.01% | +0.02B |
| 2022-09-30 | $83M | 25 | -4.73% | -4.93% | +0.20% | -0.04B |
| 2022-06-30 | $127M | 36 | -16.73% | -16.11% | -0.62% | +0.04B |