Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.94%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.13%
baseline attrition
Rally response
-7.60%
trims into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMZNAmazon.com, Inc. | $369M | 21.7% | +9.5% | 5.3 yr |
| PTCPTC Inc. | $258M | 15.2% | -8.0% | 10.5 yr |
| MSFTMicrosoft Corporation | $230M | 13.5% | -0.6% | 3.3 yr |
| SHELShell plc | $228M | 13.4% | +32.0% | 4.3 yr |
| ADSKAutodesk, Inc. | $202M | 11.9% | -8.6% | 2.5 yr |
| ASHAshland Inc. | $146M | 8.6% | -3.4% | 2.8 yr |
| NOWServiceNow, Inc. | $114M | 6.7% | -34.3% | 0.5 yr |
| NGGNational Grid plc | $84M | 4.9% | +34.6% | 1.5 yr |
| EVCMEverCommerce Inc. | $70M | 4.1% | +13.4% | 4.8 yr |
| ACHR-WTArcher Aviation Inc. WT | $0M | 0.0% | — | 4.8 yr |
| SLDPWSolid Power, Inc. | $0M | 0.0% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application33.8%-2.1pp$575M
Specialty Retail21.7%+11.6pp$369M
Software - Infrastructure17.6%+4.6pp$299M
Oil & Gas Integrated13.4%-11.0pp$228M
Chemicals - Specialty8.6%$146M
Regulated Electric4.9%-5.0pp$84M
Aerospace & Defense0.0%-0.0pp$0M
Electrical Equipment & Parts0.0%+0.0pp$0M
Country
US81.7%+16.0pp
GB18.3%-16.0pp
Top 5: 75.7% · Top 10: 100.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.70B | 11 | +5.93% | +17.59% | -11.66% | -0.15B |
| 2025-12-31 | $2.00B | 12 | +10.88% | +17.72% | -6.83% | -0.01B |
| 2025-09-30 | $2.03B | 12 | +18.25% | +17.52% | +0.74% | -0.02B |
| 2025-06-30 | $1.95B | 12 | +14.92% | +14.94% | -0.02% | +0.14B |
| 2025-03-31 | $1.64B | 11 | +7.18% | +8.30% | -1.12% | -0.09B |
| 2024-12-31 | $1.79B | 16 | +18.37% | +24.89% | -6.52% | -0.27B |
| 2024-09-30 | $1.95B | 16 | +23.73% | +36.04% | -12.31% | +0.20B |
| 2024-06-30 | $1.72B | 15 | +24.90% | +24.49% | +0.41% | +0.18B |
| 2024-03-31 | $1.50B | 14 | +34.20% | +29.62% | +4.58% | -0.17B |
| 2023-12-31 | $1.56B | 17 | +37.25% | +26.18% | +11.07% | -0.08B |
| 2023-09-30 | $1.49B | 22 | +30.10% | +21.57% | +8.53% | -0.15B |
| 2023-06-30 | $1.60B | 26 | +25.43% | +19.42% | +6.01% | -0.68B |
| 2023-03-31 | $2.06B | 23 | -3.77% | -7.82% | +4.05% | -0.02B |
| 2022-12-31 | $1.90B | 22 | +4.83% | +7.56% | -2.73% | -0.37B |
| 2022-09-30 | $2.17B | 27 | -0.83% | -4.93% | +4.09% | -0.48B |
| 2022-06-30 | $2.68B | 31 | -15.33% | -16.11% | +0.78% | -0.39B |