Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-25.76%
trims when stocks drop
when a holding falls −10%+
Middle response
-23.88%
baseline attrition
Rally response
-19.43%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PVHPVH Corp. | $32M | 17.7% | +8.1% | 1.5 yr |
| HLFHerbalife Nutrition Ltd. | $28M | 15.5% | +70.6% | 1.8 yr |
| BWABorgWarner Inc. | $19M | 10.4% | +92.1% | 0.8 yr |
| TXG10x Genomics, Inc. | $9M | 4.8% | +143.2% | 0.5 yr |
| ADNTAdient plc | $8M | 4.3% | +57.2% | 1.0 yr |
| BIGZBlackrock Innovation & G | $8M | 4.3% | — | 4.0 yr |
| TNKTeekay Tankers Ltd. | $8M | 4.2% | +99.4% | 0.8 yr |
| ELYCallaway Golf Company | $7M | 4.1% | — | 0.8 yr |
| GIIIG-III Apparel Group, Ltd | $6M | 3.5% | +1.6% | 2.8 yr |
| YELPYelp Inc. | $6M | 3.1% | -33.2% | 2.3 yr |
| STEWSRH Total Return Fund, I | $4M | 2.4% | — | 5.3 yr |
| BLBDBlue Bird Corporation | $4M | 2.1% | +75.4% | 1.3 yr |
| RNRRenaissanceRe Holdings L | $3M | 1.9% | +24.6% | 0.5 yr |
| INMDInMode Ltd. | $3M | 1.5% | -22.9% | 1.8 yr |
| STOKStoke Therapeutics, Inc. | $3M | 1.4% | +389.6% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Apparel - Manufacturers22.2%+11.9pp$41M
Packaged Foods15.5%+14.9pp$28M
Auto - Parts15.0%$27M
Asset Management13.6%+6.8pp$25M
Medical - Healthcare Information Services4.8%+2.8pp$9M
Leisure4.6%+1.9pp$8M
Marine Shipping4.2%+3.4pp$8M
Internet Content & Information3.1%-2.1pp$6M
Unknown2.7%+2.5pp$5M
Biotechnology2.7%-8.4pp$5M
Country
US84.0%+4.2pp
IE4.3%-4.9pp
CA4.2%
Unknown2.7%+2.5pp
BM1.9%
IL1.5%-1.5pp
HK0.5%+0.1pp
MX0.3%-0.2pp
Top 5: 52.8% · Top 10: 71.9% · Top 25: 92.4%
Top buys this quarter · 15
| TXG 10x Genomics, Inc. | +$5M |
| RNR RenaissanceRe Holdings Ltd. | +$3M |
| SAM The Boston Beer Company, Inc.new | +$2M |
| ASA ASA Gold and Precious Metals L | +$1M |
| YETI YETI Holdings, Inc.new | +$1M |
| HLIO Helios Technologies, Inc.new | +$1M |
| LEG Leggett & Platt, Incorporatednew | +$0M |
| ARVN Arvinas, Inc.new | +$0M |
| GIII G-III Apparel Group, Ltd. | +$6M |
| — | +$0M |
Top sells this quarter · 15
| ADNT Adient plc | −$8M |
| VSCO Victoria's Secret & Co. | −$7M |
| HLF Herbalife Nutrition Ltd. | −$5M |
| WYNN Wynn Resorts, Limitedexit | −$5M |
| SUPN Supernus Pharmaceuticals, Inc.exit | −$5M |
| BLBD Blue Bird Corporation | −$4M |
| UNFI United Natural Foods, Inc.exit | −$4M |
| NOV NOV Inc.exit | −$3M |
| BIO Bio-Rad Laboratories, Inc. | −$2M |
| COUR Coursera, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $183M | 51 | +17.27% | +17.59% | -0.32% | -0.04B |
| 2025-12-31 | $210M | 71 | -2.76% | +17.72% | -20.48% | +0.02B |
| 2025-09-30 | $183M | 68 | -4.57% | +17.52% | -22.09% | +0.07B |
| 2025-06-30 | $109M | 62 | -1.19% | +14.94% | -16.13% | -0.20B |
| 2025-03-31 | $316M | 109 | +4.13% | +8.30% | -4.18% | +0.07B |
| 2024-12-31 | $274M | 132 | +24.78% | +24.89% | -0.11% | -0.07B |
| 2024-09-30 | $335M | 175 | +42.31% | +36.04% | +6.27% | +0.03B |
| 2024-06-30 | $277M | 174 | +27.17% | +24.49% | +2.68% | +0.03B |
| 2024-03-31 | $238M | 111 | +32.28% | +29.62% | +2.66% | +0.02B |
| 2023-12-31 | $205M | 109 | +25.29% | +26.18% | -0.89% | -0.01B |
| 2023-09-30 | $183M | 116 | +18.93% | +21.57% | -2.64% | -0.04B |
| 2023-06-30 | $225M | 123 | +17.73% | +19.42% | -1.70% | -0.05B |
| 2023-03-31 | $256M | 132 | -3.91% | -7.82% | +3.91% | -0.05B |
| 2022-12-31 | $298M | 168 | +11.17% | +7.56% | +3.61% | -0.06B |
| 2022-09-30 | $324M | 207 | -2.25% | -4.93% | +2.68% | -0.16B |
| 2022-06-30 | $496M | 271 | -12.93% | -16.11% | +3.18% | +0.20B |