Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.05%
adds when stocks drop
when a holding falls −10%+
Middle response
-14.24%
baseline attrition
Rally response
-20.20%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| XLEState Street Energy Sele | $9M | 1.6% | — | 3.8 yr |
| CMICummins Inc. | $3M | 0.5% | +74.8% | 3.8 yr |
| SJMThe J. M. Smucker Compan | $3M | 0.5% | -15.3% | 4.5 yr |
| CCitigroup Inc. | $3M | 0.5% | +63.9% | 3.0 yr |
| GNRCGenerac Holdings Inc. | $2M | 0.4% | +54.2% | 5.0 yr |
| FTITechnipFMC plc | $2M | 0.4% | +119.3% | 3.5 yr |
| GLBEGlobal-e Online Ltd. | $2M | 0.4% | -13.5% | 1.8 yr |
| AMKRAmkor Technology, Inc. | $2M | 0.4% | +152.4% | 2.8 yr |
| SYYSysco Corporation | $2M | 0.4% | -3.0% | 3.0 yr |
| WSTWest Pharmaceutical Serv | $2M | 0.4% | +12.3% | 3.5 yr |
| NRGNRG Energy, Inc. | $2M | 0.4% | +55.0% | 4.0 yr |
| BLLBall Corporation | $2M | 0.4% | — | 3.0 yr |
| EHCEncompass Health Corpora | $2M | 0.4% | -4.1% | 4.0 yr |
| VSTVistra Corp. | $2M | 0.4% | +28.7% | 3.5 yr |
| MCHPMicrochip Technology Inc | $2M | 0.4% | +37.5% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Application4.3%-0.4pp$25M
Industrial - Machinery4.1%+1.0pp$24M
Software - Infrastructure3.5%+0.1pp$20M
Semiconductors3.5%-0.4pp$20M
Asset Management3.4%-1.7pp$19M
Biotechnology3.0%-2.5pp$17M
Banks - Regional2.9%-0.0pp$16M
Hardware, Equipment & Parts2.8%+0.8pp$16M
Aerospace & Defense2.6%+0.9pp$15M
Unknown2.2%-0.2pp$13M
Country
US81.1%-2.5pp
CA2.9%+0.5pp
Unknown2.2%-0.2pp
GB2.2%+0.1pp
BM1.2%+0.4pp
LU1.2%+0.7pp
IE1.1%+0.1pp
IL1.1%+0.3pp
Top 5: 3.4% · Top 10: 5.4% · Top 25: 11.0%
Top buys this quarter · 15
| SJM The J. M. Smucker Company | +$2M |
| CMI Cummins Inc. | +$2M |
| C Citigroup Inc. | +$2M |
| GNRC Generac Holdings Inc. | +$2M |
| AMKR Amkor Technology, Inc. | +$2M |
| SYY Sysco Corporation | +$2M |
| NXPI NXP Semiconductors N.V. | +$2M |
| NET Cloudflare, Inc. | +$2M |
| GD General Dynamics Corporation | +$2M |
| GLBE Global-e Online Ltd. | +$2M |
Top sells this quarter · 15
| SPY State Street SPDR S&P 500 ETF exit | −$6M |
| VAL Valaris Limitedexit | −$4M |
| KEYS Keysight Technologies, Inc. | −$3M |
| ALGN Align Technology, Inc.exit | −$3M |
| BMY Bristol-Myers Squibb Companyexit | −$3M |
| RL Ralph Lauren Corporation | −$2M |
| CHRD Chord Energy Corporationexit | −$2M |
| PWR Quanta Services, Inc. | −$2M |
| ROK Rockwell Automation, Inc.exit | −$2M |
| LNG Cheniere Energy, Inc.exit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $572M | 856 | +28.11% | +17.59% | +10.52% | -0.09B |
| 2025-12-31 | $647M | 866 | +22.44% | +17.72% | +4.72% | -0.03B |
| 2025-09-30 | $641M | 871 | +22.72% | +17.52% | +5.20% | -0.01B |
| 2025-06-30 | $600M | 813 | +21.62% | +14.94% | +6.68% | -0.10B |
| 2025-03-31 | $646M | 870 | +13.32% | +8.30% | +5.02% | +0.11B |
| 2024-12-31 | $550M | 826 | +26.35% | +24.89% | +1.46% | +0.08B |
| 2024-09-30 | $448M | 758 | +39.09% | +36.04% | +3.05% | -0.13B |
| 2024-06-30 | $531M | 735 | +26.53% | +24.49% | +2.04% | +0.06B |
| 2024-03-31 | $463M | 712 | +30.68% | +29.62% | +1.05% | +0.04B |
| 2023-12-31 | $392M | 690 | +21.29% | +26.18% | -4.89% | -0.00B |
| 2023-09-30 | $338M | 664 | +5.74% | +21.57% | -15.83% | -0.01B |
| 2023-06-30 | $355M | 645 | +7.41% | +19.42% | -12.01% | +0.03B |
| 2023-03-31 | $307M | 619 | -12.51% | -7.82% | -4.69% | +0.06B |
| 2022-12-31 | $248M | 581 | -17.22% | -18.17% | +0.96% | -0.01B |
| 2022-09-30 | $256M | 573 | +54.23% | -15.51% | +69.74% | +0.06B |
| 2022-06-30 | $200M | 486 | -14.40% | -16.11% | +1.71% | +0.05B |