Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-13.51%
trims when stocks drop
when a holding falls −10%+
Middle response
-14.95%
baseline attrition
Rally response
-26.45%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DRVNDriven Brands Holdings I | $8M | 8.7% | -26.4% | 0.5 yr |
| PRTAProthena Corporation plc | $4M | 4.8% | -21.5% | 1.0 yr |
| SEGSeaport Entertainment Gr | $3M | 3.6% | +0.0% | 1.5 yr |
| GRNDGrindr Inc. | $3M | 3.1% | -32.5% | 0.5 yr |
| DKDelek US Holdings, Inc. | $3M | 3.0% | +212.1% | 1.5 yr |
| ARVNArvinas, Inc. | $2M | 2.6% | +51.0% | 1.3 yr |
| ABUSArbutus Biopharma Corpor | $2M | 2.5% | +28.9% | 1.5 yr |
| SATSEchoStar Corporation | $2M | 2.3% | +357.7% | 0.8 yr |
| LEGLeggett & Platt, Incorpo | $2M | 2.3% | +27.5% | 0.5 yr |
| STHOStar Holdings | $2M | 2.3% | -11.0% | 1.5 yr |
| FLLFull House Resorts, Inc. | $2M | 2.3% | -46.2% | 1.5 yr |
| TRIPTripadvisor, Inc. | $2M | 2.2% | -24.8% | 0.5 yr |
| ONLOrion Properties Inc. | $2M | 2.2% | +2.9% | 0.3 yr |
| ICLRICON Public Limited Comp | $2M | 2.1% | -36.8% | 0.3 yr |
| — | $2M | 2.1% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology23.5%-3.2pp$21M
Unknown9.7%-2.2pp$9M
Auto - Dealerships8.7%$8M
Real Estate - Services7.0%+1.7pp$6M
REIT - Office5.1%+1.1pp$5M
Software - Application5.0%+4.8pp$5M
Gambling, Resorts & Casinos3.3%-3.1pp$3M
Oil & Gas Refining & Marketing3.0%-5.2pp$3M
Asset Management2.3%-5.8pp$2M
Communication Equipment2.3%$2M
Country
US75.4%-1.3pp
Unknown9.7%-2.2pp
IE6.9%
KY2.1%+1.8pp
GB1.8%-0.1pp
IL1.6%
TR0.6%+0.1pp
CN0.5%
Top 5: 23.1% · Top 10: 35.1% · Top 25: 63.1%
Top buys this quarter · 15
| DRVN Driven Brands Holdings Inc. | +$7M |
| ONL Orion Properties Inc.new | +$2M |
| ICLR ICON Public Limited Companynew | +$2M |
| GDOT Green Dot Corporationnew | +$2M |
| TRIP Tripadvisor, Inc. | +$2M |
| MCW Mister Car Wash, Inc.new | +$2M |
| JANX Janux Therapeutics, Inc. | +$1M |
| TBPH Theravance Biopharma, Inc. | +$1M |
| HOLX Hologic, Inc.new | +$1M |
| MNRO Monro, Inc.new | +$1M |
Top sells this quarter · 15
| GDEN Golden Entertainment, Inc.exit | −$6M |
| WBD Warner Bros. Discovery, Inc. | −$5M |
| TACO Berto Acquisition Corp.exit | −$3M |
| KW Kennedy-Wilson Holdings, Inc. | −$3M |
| DK Delek US Holdings, Inc. | −$2M |
| YEXT Yext, Inc. | −$2M |
| ARVN Arvinas, Inc. | −$2M |
| ABUS Arbutus Biopharma Corporation | −$2M |
| RGR Sturm, Ruger & Company, Inc.exit | −$1M |
| CWAN Clearwater Analytics Holdings, | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $91M | 129 | +27.97% | +17.59% | +10.38% | -0.02B |
| 2025-12-31 | $116M | 114 | +11.77% | +17.72% | -5.94% | +0.00B |
| 2025-09-30 | $106M | 119 | +24.90% | +8.12% | +16.78% | +0.01B |
| 2025-06-30 | $79M | 69 | +1.62% | +10.78% | -9.15% | -0.01B |
| 2025-03-31 | $87M | 69 | -17.65% | -4.27% | -13.38% | +0.00B |
| 2024-12-31 | $104M | 70 | — | — | — | — |