Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.05%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.14%
baseline attrition
Rally response
-3.95%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BMYBristol-Myers Squibb Com | $14M | 2.1% | +3.4% | 10.5 yr |
| VZVerizon Communications I | $14M | 2.1% | +16.5% | 10.5 yr |
| CWEN-AClearway Energy, Inc. | $12M | 1.8% | — | 4.8 yr |
| KNTKKinetik Holdings Inc. | $12M | 1.8% | +0.5% | 2.0 yr |
| ORealty Income Corporatio | $12M | 1.8% | +11.5% | 3.3 yr |
| PFEPfizer Inc. | $12M | 1.8% | +18.8% | 10.5 yr |
| SBRASabra Health Care REIT, | $12M | 1.8% | +17.4% | 10.5 yr |
| FLNGFLEX LNG Ltd. | $11M | 1.7% | +45.1% | 3.3 yr |
| DDominion Energy, Inc. | $10M | 1.6% | +15.4% | 9.3 yr |
| SWKStanley Black & Decker, | $10M | 1.5% | -3.1% | 3.0 yr |
| VICIVICI Properties Inc. | $10M | 1.5% | -11.1% | 1.0 yr |
| LAMRLamar Advertising Compan | $10M | 1.5% | +17.2% | 9.5 yr |
| RHPRyman Hospitality Proper | $10M | 1.5% | +4.7% | 5.3 yr |
| PSTLPostal Realty Trust, Inc | $10M | 1.5% | +38.8% | 3.8 yr |
| CLXThe Clorox Company | $10M | 1.4% | -26.7% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Midstream12.0%+0.2pp$79M
Asset Management8.9%-1.0pp$59M
Drug Manufacturers - General6.4%-1.3pp$43M
REIT - Specialty3.5%-0.1pp$23M
Integrated Freight & Logistics3.2%+0.3pp$21M
Financial - Credit Services2.9%-0.1pp$19M
REIT - Healthcare Facilities2.9%-0.1pp$19M
Household & Personal Products2.8%+1.8pp$19M
Unknown2.8%+0.2pp$19M
Regulated Electric2.8%+0.3pp$18M
Country
US82.7%-0.8pp
GB3.7%-0.1pp
BM3.1%+1.1pp
Unknown2.8%+0.2pp
JP2.2%+0.1pp
LU1.2%+0.2pp
CA1.2%+0.2pp
FR1.1%+0.2pp
Top 5: 9.6% · Top 10: 17.8% · Top 25: 38.4%
Top buys this quarter · 15
| CLX The Clorox Companynew | +$10M |
| BBY Best Buy Co., Inc.new | +$9M |
| G Genpact Limitednew | +$5M |
| ETD Ethan Allen Interiors Inc. | +$3M |
| VICI VICI Properties Inc. | +$3M |
| MRP Millrose Properties, Inc. | +$2M |
| PAGP Plains GP Holdings, L.P. | +$1M |
| PAA Plains All American Pipeline, | +$1M |
| KNTK Kinetik Holdings Inc. | +$1M |
| KMB Kimberly-Clark Corporation | +$1M |
Top sells this quarter · 15
| DVN Devon Energy Corporationexit | −$12M |
| LYB LyondellBasell Industries N.V. | −$7M |
| WMB The Williams Companies, Inc. | −$6M |
| TER Teradyne, Inc. | −$3M |
| FCX Freeport-McMoRan Inc. | −$2M |
| XPO XPO Logistics, Inc. | −$6M |
| JBLU JetBlue Airways Corporationexit | −$1M |
| PSTL Postal Realty Trust, Inc. | −$9M |
| ETN Eaton Corporation plc | −$1M |
| VTR Ventas, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $663M | 225 | +12.23% | +17.59% | -5.37% | -0.01B |
| 2025-12-31 | $635M | 226 | +5.78% | +17.72% | -11.94% | -0.01B |
| 2025-09-30 | $639M | 231 | +0.35% | +17.52% | -17.16% | +0.00B |
| 2025-06-30 | $612M | 232 | +5.65% | +14.94% | -9.29% | +0.03B |
| 2025-03-31 | $575M | 218 | +3.98% | +8.30% | -4.33% | +0.00B |
| 2024-12-31 | $574M | 218 | +13.50% | +24.89% | -11.38% | -0.00B |
| 2024-09-30 | $598M | 224 | +32.33% | +36.04% | -3.71% | -0.01B |
| 2024-06-30 | $553M | 213 | +18.54% | +24.49% | -5.95% | -0.00B |
| 2024-03-31 | $558M | 213 | +23.02% | +29.62% | -6.60% | -0.02B |
| 2023-12-31 | $534M | 210 | +15.56% | +26.18% | -10.62% | -0.03B |
| 2023-09-30 | $506M | 204 | +14.47% | +21.57% | -7.10% | -0.02B |
| 2023-06-30 | $537M | 214 | +6.25% | +19.42% | -13.18% | +0.03B |
| 2023-03-31 | $492M | 205 | -8.70% | -7.82% | -0.88% | -0.00B |
| 2022-12-31 | $487M | 208 | -14.58% | -18.17% | +3.60% | +0.01B |
| 2022-09-30 | $428M | 212 | -14.75% | -15.51% | +0.75% | +0.01B |
| 2022-06-30 | $465M | 211 | -5.78% | -10.62% | +4.84% | +0.08B |