Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.36%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.05%
steady accumulation
Rally response
-9.20%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SNEXStoneX Group Inc. | $112M | 3.6% | +5.6% | 5.8 yr |
| DOCNDigitalOcean Holdings, I | $111M | 3.6% | +156.9% | 3.8 yr |
| LAURLaureate Education, Inc. | $108M | 3.5% | +70.4% | 7.3 yr |
| ENSGThe Ensign Group, Inc. | $105M | 3.4% | +55.9% | 5.8 yr |
| VCTRVictory Capital Holdings | $102M | 3.3% | +16.6% | 6.3 yr |
| LOPEGrand Canyon Education, | $100M | 3.2% | -1.7% | 10.3 yr |
| CRLCharles River Laboratori | $86M | 2.8% | +14.6% | 10.3 yr |
| PRVAPrivia Health Group, Inc | $83M | 2.7% | -8.4% | 1.3 yr |
| HLNEHamilton Lane Incorporat | $83M | 2.7% | -32.0% | 4.3 yr |
| EEFTEuronet Worldwide, Inc. | $83M | 2.7% | -37.9% | 10.3 yr |
| PNTGThe Pennant Group, Inc. | $81M | 2.6% | +21.2% | 4.8 yr |
| CCCSCCC Intelligent Solution | $81M | 2.6% | — | 2.0 yr |
| MODModine Manufacturing Com | $79M | 2.6% | +182.4% | 0.8 yr |
| OZKBank OZK | $79M | 2.6% | +9.8% | 6.5 yr |
| FSSFederal Signal Corporati | $78M | 2.5% | +47.8% | 6.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure10.2%+3.4pp$313M
Medical - Care Facilities9.5%+1.7pp$291M
Education & Training Services8.2%+1.6pp$251M
Asset Management6.0%-0.5pp$185M
Financial - Capital Markets5.6%+0.1pp$173M
Software - Application4.9%-2.6pp$149M
Medical - Diagnostics & Research4.7%+2.5pp$144M
Engineering & Construction4.5%+1.4pp$138M
Specialty Business Services4.4%+1.6pp$136M
Industrial - Machinery4.3%+1.0pp$132M
Country
US98.9%-0.7pp
Unknown0.4%+0.2pp
CA0.4%
CN0.1%+0.0pp
BM0.1%
IT0.1%+0.1pp
LU0.0%+0.0pp
SG0.0%-0.0pp
Top 5: 17.5% · Top 10: 31.6% · Top 25: 68.4%
Top buys this quarter · 15
| OPCH Option Care Health, Inc.new | +$43M |
| VITL Vital Farms, Inc. | +$30M |
| SNEX StoneX Group Inc. | +$19M |
| PLNT Planet Fitness, Inc. | +$74M |
| RDNT RadNet, Inc. | +$57M |
| PCTY Paylocity Holding Corporation | +$67M |
| CRL Charles River Laboratories Int | +$86M |
| HLNE Hamilton Lane Incorporated | +$83M |
| MDA MDA Space Ltdnew | +$6M |
| PRVA Privia Health Group, Inc. | +$83M |
Top sells this quarter · 15
| IBP Installed Building Products, Iexit | −$62M |
| DV DoubleVerify Holdings, Inc.exit | −$36M |
| DOCN DigitalOcean Holdings, Inc. | −$78M |
| GO Grocery Outlet Holding Corp. | −$26M |
| ENSG The Ensign Group, Inc. | −$22M |
| LAUR Laureate Education, Inc. | −$20M |
| PRIM Primoris Services Corporation | −$16M |
| MOD Modine Manufacturing Company | −$58M |
| PNTG The Pennant Group, Inc. | −$14M |
| ORA Ormat Technologies, Inc. | −$13M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.08B | 72 | +5.92% | +17.59% | -11.67% | -0.17B |
| 2025-12-31 | $3.47B | 68 | +4.85% | +17.72% | -12.87% | +0.03B |
| 2025-09-30 | $3.46B | 63 | +7.96% | +17.52% | -9.56% | -0.05B |
| 2025-06-30 | $3.36B | 63 | +11.85% | +14.94% | -3.09% | -0.04B |
| 2025-03-31 | $3.11B | 63 | -2.99% | +8.30% | -11.29% | -0.01B |
| 2024-12-31 | $3.37B | 65 | +8.41% | +24.89% | -16.48% | -0.36B |
| 2024-09-30 | $3.65B | 63 | +20.60% | +36.04% | -15.43% | +0.03B |
| 2024-06-30 | $3.35B | 61 | +5.54% | +24.49% | -18.96% | +0.03B |
| 2024-03-31 | $3.51B | 61 | +16.04% | +29.62% | -13.58% | -0.05B |
| 2023-12-31 | $3.44B | 59 | +25.03% | +26.18% | -1.15% | -0.06B |
| 2023-09-30 | $3.07B | 63 | +23.24% | +21.57% | +1.68% | +0.47B |
| 2023-06-30 | $2.76B | 62 | +26.38% | +19.42% | +6.96% | -0.06B |
| 2023-03-31 | $2.70B | 63 | +5.65% | -7.82% | +13.47% | +0.10B |
| 2022-12-31 | $2.33B | 62 | +12.19% | +7.56% | +4.63% | -0.03B |
| 2022-09-30 | $2.10B | 65 | -2.96% | -4.93% | +1.96% | -0.21B |
| 2022-06-30 | $2.39B | 61 | -13.06% | -16.11% | +3.05% | -0.03B |