Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-17.01%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.85%
baseline attrition
Rally response
-6.12%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CSTMConstellium SE | $29M | 16.2% | +143.6% | 6.5 yr |
| REZIResideo Technologies, In | $20M | 11.3% | +90.5% | 6.3 yr |
| STMSTMicroelectronics N.V. | $13M | 7.5% | +58.7% | 0.5 yr |
| SXTSensient Technologies Co | $11M | 6.1% | +18.1% | 1.0 yr |
| TECKTeck Resources Limited | $9M | 5.3% | +43.3% | 2.3 yr |
| LNGCheniere Energy, Inc. | $8M | 4.8% | +23.8% | 7.0 yr |
| UUnity Software Inc. | $8M | 4.3% | +12.0% | 1.3 yr |
| GPORGulfport Energy Corporat | $7M | 4.1% | +14.9% | 3.5 yr |
| NTRANatera, Inc. | $7M | 3.8% | +41.4% | 3.8 yr |
| CELHCelsius Holdings, Inc. | $6M | 3.1% | -0.4% | 0.3 yr |
| FDXFedEx Corporation | $5M | 3.1% | +49.3% | 2.3 yr |
| TNDMTandem Diabetes Care, In | $5M | 2.7% | +0.1% | 2.0 yr |
| SGISomnigroup International | $4M | 2.5% | +24.4% | 1.5 yr |
| TMDXTransMedics Group, Inc. | $4M | 2.4% | +47.8% | 1.0 yr |
| EQTEQT Corporation | $4M | 2.3% | +20.5% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Aluminum16.2%+9.6pp$29M
Security & Protection Services11.3%-5.9pp$20M
Semiconductors9.4%$17M
Chemicals - Specialty8.0%$14M
Software - Application7.5%+5.8pp$13M
Oil & Gas Exploration & Production6.3%-2.7pp$11M
Industrial Materials5.3%+2.8pp$9M
Medical - Devices5.1%+2.2pp$9M
Oil & Gas Midstream4.8%-6.0pp$8M
Medical - Diagnostics & Research3.8%+1.5pp$7M
Country
US65.2%-25.6pp
FR16.2%+9.6pp
NL7.5%
CA5.9%+3.4pp
Unknown3.2%
CH1.2%
CN0.7%
Top 5: 46.4% · Top 10: 66.5% · Top 25: 94.3%
Top buys this quarter · 15
| CELH Celsius Holdings, Inc.new | +$6M |
| STM STMicroelectronics N.V. | +$4M |
| TNDM Tandem Diabetes Care, Inc. | +$4M |
| U Unity Software Inc. | +$4M |
| SOLS Solstice Advanced Materials Innew | +$4M |
| NOW ServiceNow, Inc.new | +$3M |
| CE Celanese Corporationnew | +$3M |
| AVGO Broadcom Inc.new | +$3M |
| RIG Transocean Ltd.new | +$2M |
| NTRA Natera, Inc. | +$2M |
Top sells this quarter · 15
| SNDK Sandisk Corporation | −$18M |
| CRS Carpenter Technology Corporatiexit | −$10M |
| TWLO Twilio Inc.exit | −$6M |
| STX Seagate Technology Holdings plexit | −$5M |
| GDS GDS Holdings Limited | −$4M |
| CSTM Constellium SE | −$25M |
| CF CF Industries Holdings, Inc. | −$4M |
| REZI Resideo Technologies, Inc. | −$3M |
| GPOR Gulfport Energy Corporation | −$3M |
| SGI Somnigroup International Inc | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $177M | 33 | +47.08% | +17.59% | +29.49% | -0.01B |
| 2025-12-31 | $171M | 23 | +9.01% | +17.72% | -8.71% | -0.04B |
| 2025-09-30 | $203M | 28 | +8.47% | +17.52% | -9.05% | +0.01B |
| 2025-06-30 | $171M | 29 | -1.10% | +14.94% | -16.05% | +0.01B |
| 2025-03-31 | $146M | 21 | -11.99% | +8.30% | -20.29% | -0.06B |
| 2024-12-31 | $250M | 28 | +15.98% | +24.89% | -8.90% | -0.00B |
| 2024-09-30 | $243M | 27 | +21.48% | +36.04% | -14.56% | +0.04B |
| 2024-06-30 | $197M | 29 | +19.48% | +24.49% | -5.01% | -0.02B |
| 2024-03-31 | $219M | 25 | +35.87% | +29.62% | +6.25% | -0.01B |
| 2023-12-31 | $209M | 24 | +30.63% | +26.18% | +4.45% | -0.00B |
| 2023-09-30 | $191M | 26 | +24.46% | +21.57% | +2.89% | -0.02B |
| 2023-06-30 | $205M | 26 | +23.63% | +19.42% | +4.20% | +0.00B |
| 2023-03-31 | $183M | 23 | -10.56% | -7.82% | -2.74% | +0.01B |
| 2022-12-31 | $168M | 30 | +4.24% | +7.56% | -3.32% | -0.00B |
| 2022-09-30 | $162M | 28 | +2.71% | -4.93% | +7.63% | -0.03B |
| 2022-06-30 | $183M | 28 | -19.08% | -16.11% | -2.97% | +0.03B |