Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.29%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.43%
baseline attrition
Rally response
-6.35%
trims into rallies
when a holding rises +10%+
Top positions · 6
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CCOClear Channel Outdoor Ho | $62M | 45.1% | +113.5% | 5.3 yr |
| AAPAdvance Auto Parts, Inc. | $42M | 30.7% | +37.1% | 2.5 yr |
| LNDCLandec Corporation | $17M | 12.0% | — | 6.8 yr |
| FIVNFive9, Inc. | $9M | 6.5% | -44.1% | 1.8 yr |
| NNBRNN, Inc. | $7M | 5.0% | -35.8% | 7.8 yr |
| PAYOPayoneer Global Inc. | $1M | 0.6% | -33.9% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Advertising Agencies45.1%+25.9pp$62M
Specialty Retail30.7%+9.8pp$42M
Drug Manufacturers - Specialty & Generic12.0%-8.7pp$17M
Software - Application6.5%-4.1pp$9M
Conglomerates5.0%-2.1pp$7M
Software - Infrastructure0.6%-0.6pp$1M
Country
US100.0%+0.0pp
Top 5: 99.4% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| CCO Clear Channel Outdoor Holdings | +$0M |
Top sells this quarter · 1
| 0YY7.L DigitalBridge Group, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $138M | 6 | +37.33% | +17.59% | +19.74% | -0.05B |
| 2025-12-31 | $172M | 7 | -5.43% | +17.72% | -23.15% | -0.00B |
| 2025-09-30 | $185M | 7 | +9.52% | +17.52% | -8.00% | -0.02B |
| 2025-06-30 | $166M | 7 | -8.49% | +14.94% | -23.43% | +0.01B |
| 2025-03-31 | $151M | 7 | -23.52% | +8.30% | -31.82% | +0.02B |
| 2024-12-31 | $171M | 7 | +1.79% | +24.89% | -23.09% | -0.10B |
| 2024-09-30 | $250M | 11 | +11.02% | +36.04% | -25.02% | -0.03B |
| 2024-06-30 | $269M | 12 | +5.82% | +24.49% | -18.67% | -0.12B |
| 2024-03-31 | $432M | 13 | +18.67% | +29.62% | -10.95% | +0.04B |
| 2023-12-31 | $384M | 13 | +30.56% | +26.18% | +4.39% | -0.00B |
| 2023-09-30 | $327M | 12 | +24.95% | +21.57% | +3.38% | -0.00B |
| 2023-06-30 | $337M | 13 | +11.99% | +19.42% | -7.44% | -0.00B |
| 2023-03-31 | $340M | 14 | -20.65% | -7.82% | -12.83% | +0.01B |
| 2022-12-31 | $295M | 13 | +13.35% | +7.56% | +5.79% | -0.02B |
| 2022-09-30 | $277M | 14 | -12.70% | -4.93% | -7.77% | -0.01B |
| 2022-06-30 | $330M | 15 | -28.87% | -16.11% | -12.76% | +0.03B |