Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.26%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.48%
baseline attrition
Rally response
-3.07%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ENSGThe Ensign Group, Inc. | $120M | 2.7% | +55.9% | 10.5 yr |
| PSMTPriceSmart, Inc. | $96M | 2.1% | +73.0% | 2.3 yr |
| LMATLeMaitre Vascular, Inc. | $95M | 2.1% | +31.3% | 7.5 yr |
| LFUSLittelfuse, Inc. | $89M | 2.0% | +74.5% | 10.5 yr |
| WCCWESCO International, Inc | $88M | 2.0% | +77.6% | 2.3 yr |
| EHCEncompass Health Corpora | $86M | 1.9% | -4.1% | 8.5 yr |
| YOUClear Secure, Inc. | $85M | 1.9% | +90.4% | 1.5 yr |
| MTDRMatador Resources Compan | $82M | 1.8% | +27.6% | 3.3 yr |
| VMIValmont Industries, Inc. | $82M | 1.8% | +40.8% | 2.8 yr |
| NSSCNapco Security Technolog | $79M | 1.8% | +73.7% | 2.8 yr |
| KLICKulicke and Soffa Indust | $76M | 1.7% | +103.0% | 5.3 yr |
| HXLHexcel Corporation | $75M | 1.7% | +49.4% | 2.3 yr |
| TNLTravel + Leisure Co. | $70M | 1.6% | +55.0% | 4.3 yr |
| PRDOPerdoceo Education Corpo | $69M | 1.5% | +50.6% | 0.8 yr |
| HOMBHome Bancshares, Inc. | $69M | 1.5% | -2.0% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Medical - Care Facilities7.2%-0.8pp$325M
Hardware, Equipment & Parts5.0%+0.8pp$225M
Banks - Regional4.8%+1.5pp$217M
Semiconductors4.8%+1.7pp$216M
Software - Application3.9%+1.7pp$174M
Asset Management2.8%-1.5pp$125M
Medical - Instruments & Supplies2.5%+0.7pp$113M
Regulated Gas2.5%-0.5pp$112M
Security & Protection Services2.4%+1.1pp$108M
Discount Stores2.4%+0.7pp$107M
Country
US94.3%+0.9pp
CA2.0%-0.4pp
SG1.7%+0.7pp
IE0.8%-1.5pp
GB0.7%+0.1pp
TW0.4%+0.2pp
Unknown0.0%-0.0pp
IL0.0%+0.0pp
Top 5: 10.9% · Top 10: 20.1% · Top 25: 42.2%
Top buys this quarter · 15
| SFBS ServisFirst Bancshares, Inc.new | +$55M |
| PEGA Pegasystems Inc.new | +$48M |
| NSSC Napco Security Technologies, I | +$23M |
| VLTO Veralto Corporationnew | +$22M |
| ALG Alamo Group Inc. | +$20M |
| SNX TD SYNNEX Corporation | +$18M |
| TPB Turning Point Brands, Inc. | +$18M |
| EE Excelerate Energy, Inc. | +$16M |
| VRT Vertiv Holdings Co | +$13M |
| EHC Encompass Health Corporation | +$12M |
Top sells this quarter · 15
| UNF UniFirst Corporation | −$53M |
| ORCL Oracle Corporation | −$41M |
| TTEK Tetra Tech, Inc. | −$39M |
| AL Air Lease Corporation | −$39M |
| NXST Nexstar Media Group, Inc. | −$30M |
| CRAI CRA International, Inc. | −$28M |
| YOU Clear Secure, Inc. | −$78M |
| KLIC Kulicke and Soffa Industries, | −$67M |
| FDS FactSet Research Systems Inc. | −$18M |
| EQIX Equinix, Inc. | −$13M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.50B | 257 | +11.15% | +17.59% | -6.45% | -0.09B |
| 2025-12-31 | $4.48B | 297 | +2.09% | +17.72% | -15.63% | -0.27B |
| 2025-09-30 | $4.80B | 291 | -1.25% | +17.52% | -18.77% | -0.26B |
| 2025-06-30 | $4.86B | 284 | +1.85% | +14.94% | -13.09% | -0.40B |
| 2025-03-31 | $4.99B | 282 | -7.09% | +8.30% | -15.40% | -0.07B |
| 2024-12-31 | $5.38B | 294 | +6.05% | +24.89% | -18.84% | -0.12B |
| 2024-09-30 | $5.75B | 279 | +23.84% | +36.04% | -12.20% | +0.02B |
| 2024-06-30 | $5.34B | 146 | +9.91% | +24.49% | -14.59% | +0.05B |
| 2024-03-31 | $5.50B | 272 | +20.30% | +29.62% | -9.32% | +0.14B |
| 2023-12-31 | $4.99B | 277 | +20.73% | +26.18% | -5.45% | -0.21B |
| 2023-09-30 | $4.65B | 290 | +18.05% | +21.57% | -3.52% | +0.04B |
| 2023-06-30 | $4.85B | 313 | +20.34% | +19.42% | +0.92% | +0.37B |
| 2023-03-31 | $4.25B | 284 | -0.79% | -7.82% | +7.02% | +0.16B |
| 2022-12-31 | $3.79B | 286 | +9.21% | +7.56% | +1.65% | +0.48B |
| 2022-09-30 | $3.03B | 280 | -2.92% | -4.93% | +2.01% | -0.03B |
| 2022-06-30 | $3.15B | 278 | -13.21% | -16.11% | +2.90% | +0.00B |