Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.00%
trims when stocks drop
when a holding falls −10%+
Middle response
-21.94%
baseline attrition
Rally response
-32.23%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EAElectronic Arts Inc. | $14M | 2.3% | +41.7% | 4.5 yr |
| CWANClearwater Analytics Hol | $10M | 1.7% | -11.8% | 1.8 yr |
| TXNMTXNM Energy, Inc. | $5M | 0.8% | +12.5% | 8.5 yr |
| SEMRSemrush Holdings, Inc. | $5M | 0.8% | +28.0% | 0.3 yr |
| IMXIInternational Money Expr | $4M | 0.6% | +25.2% | 0.8 yr |
| FIVEFive Below, Inc. | $4M | 0.6% | +204.9% | 7.0 yr |
| XELXcel Energy Inc. | $4M | 0.6% | +15.8% | 5.0 yr |
| OTISOtis Worldwide Corporati | $3M | 0.5% | -23.9% | 3.3 yr |
| AMATApplied Materials, Inc. | $3M | 0.5% | +137.6% | 5.3 yr |
| ROSTRoss Stores, Inc. | $3M | 0.5% | +71.2% | 5.5 yr |
| NINiSource Inc. | $3M | 0.5% | +19.6% | 5.5 yr |
| ORLYO'Reilly Automotive, Inc | $3M | 0.5% | -3.4% | 7.5 yr |
| BHFBrighthouse Financial, I | $3M | 0.4% | +3.3% | 3.5 yr |
| BBWIBath & Body Works, Inc. | $2M | 0.4% | -36.2% | 3.0 yr |
| FDXFedEx Corporation | $2M | 0.4% | +49.3% | 4.3 yr |
Portfolio composition (YoY)
Industry mix
Software - Application6.5%+2.7pp$39M
Regulated Electric3.3%+1.5pp$20M
Asset Management3.2%+0.8pp$19M
Semiconductors3.0%+0.4pp$18M
Specialty Retail2.8%+0.6pp$17M
Industrial - Machinery2.5%-0.5pp$15M
Software - Infrastructure2.5%+0.6pp$15M
Unknown2.4%+0.1pp$15M
Electronic Gaming & Multimedia2.3%$14M
Aerospace & Defense2.1%+1.0pp$13M
Country
US87.7%-0.7pp
CA5.0%+1.1pp
Unknown2.4%+0.1pp
GB1.1%+0.1pp
BM0.8%+0.4pp
IE0.7%-0.5pp
NL0.5%+0.1pp
JP0.2%
Top 5: 6.3% · Top 10: 9.1% · Top 25: 14.9%
Top buys this quarter · 15
| EA Electronic Arts Inc. | +$11M |
| CWAN Clearwater Analytics Holdings, | +$10M |
| SEMR Semrush Holdings, Inc.new | +$5M |
| XEL Xcel Energy Inc. | +$3M |
| NI NiSource Inc. | +$2M |
| OTIS Otis Worldwide Corporation | +$2M |
| FIVE Five Below, Inc. | +$2M |
| PRGS Progress Software Corporation | +$2M |
| BHF Brighthouse Financial, Inc. | +$2M |
| HRI Herc Holdings Inc. | +$2M |
Top sells this quarter · 15
| WBD Warner Bros. Discovery, Inc. | −$7M |
| OXY Occidental Petroleum Corporati | −$5M |
| TPR Tapestry, Inc. | −$5M |
| LITE Lumentum Holdings Inc. | −$1M |
| DGX Quest Diagnostics Incorporatedexit | −$3M |
| TNL Travel + Leisure Co. | −$3M |
| SFM Sprouts Farmers Market, Inc. | −$3M |
| SMTC Semtech Corporation | −$3M |
| ARRY Array Technologies, Inc. | −$3M |
| SNX TD SYNNEX Corporationexit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $608M | 824 | +30.08% | +17.59% | +12.49% | +0.14B |
| 2025-12-31 | $440M | 704 | +19.15% | +17.72% | +1.44% | -0.19B |
| 2025-09-30 | $590M | 769 | +15.63% | +17.52% | -1.88% | -0.19B |
| 2025-06-30 | $734M | 886 | +17.10% | +14.94% | +2.16% | -0.01B |
| 2025-03-31 | $691M | 952 | +8.77% | +8.30% | +0.47% | +0.09B |
| 2024-12-31 | $621M | 861 | +25.08% | +24.89% | +0.19% | -0.36B |
| 2024-09-30 | $944M | 965 | +32.26% | +36.04% | -3.78% | -0.00B |
| 2024-06-30 | $882M | 898 | +23.96% | +24.49% | -0.53% | -0.06B |
| 2024-03-31 | $935M | 999 | +31.70% | +29.62% | +2.08% | -0.12B |
| 2023-12-31 | $944M | 987 | +23.92% | +26.18% | -2.25% | -0.15B |
| 2023-09-30 | $998M | 904 | +18.57% | +21.57% | -3.00% | +0.20B |
| 2023-06-30 | $790M | 939 | +11.03% | +19.42% | -8.40% | -0.36B |
| 2023-03-31 | $1.08B | 1022 | -10.43% | -7.82% | -2.61% | +0.03B |
| 2022-12-31 | $999M | 1039 | +5.31% | +7.56% | -2.25% | -0.06B |
| 2022-09-30 | $1.01B | 1074 | -5.98% | -4.93% | -1.05% | +0.18B |
| 2022-06-30 | $883M | 1060 | -14.06% | -16.11% | +2.05% | +0.15B |