Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.15%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.39%
steady accumulation
Rally response
-5.53%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HOODRobinhood Markets, Inc. | $29M | 6.2% | +66.5% | 2.5 yr |
| COMPCompass, Inc. | $20M | 4.2% | -16.3% | 0.3 yr |
| FCNCAFirst Citizens BancShare | $19M | 4.1% | — | 4.3 yr |
| AMPAmeriprise Financial, In | $17M | 3.6% | -7.0% | 6.0 yr |
| UMBFUMB Financial Corporatio | $16M | 3.5% | +13.2% | 3.8 yr |
| AXAxos Financial, Inc. | $16M | 3.4% | +31.9% | 4.3 yr |
| GPNGlobal Payments Inc. | $15M | 3.2% | -30.4% | 1.8 yr |
| UBSUBS Group AG | $15M | 3.2% | +31.6% | 2.3 yr |
| PRIPrimerica, Inc. | $14M | 3.0% | -10.5% | 3.0 yr |
| CUBICustomers Bancorp, Inc. | $13M | 2.8% | +38.3% | 2.3 yr |
| FIFiserv, Inc. | $13M | 2.7% | — | 0.8 yr |
| OFGOFG Bancorp | $12M | 2.7% | +3.3% | 5.8 yr |
| JXNJackson Financial Inc. | $11M | 2.4% | +30.6% | 4.5 yr |
| SLMSLM Corporation | $11M | 2.4% | -25.7% | 5.8 yr |
| WALWestern Alliance Bancorp | $11M | 2.3% | -6.0% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional39.9%-5.0pp$187M
Asset Management11.2%-4.8pp$53M
Financial - Capital Markets7.5%-2.2pp$35M
Financial - Credit Services6.8%-6.2pp$32M
Insurance - Life6.6%+2.7pp$31M
Banks - Diversified5.5%+1.8pp$26M
Software - Application4.2%$20M
Information Technology Services3.2%$15M
Software - Infrastructure2.8%+2.0pp$13M
Financial - Conglomerates2.2%$10M
Country
US93.0%-3.4pp
CH3.2%+2.6pp
GB2.6%-0.4pp
IE0.6%
CA0.5%
Unknown0.1%
Top 5: 21.6% · Top 10: 37.3% · Top 25: 70.2%
Top buys this quarter · 15
| COMP Compass, Inc.new | +$20M |
| AMP Ameriprise Financial, Inc. | +$16M |
| UBS UBS Group AG | +$13M |
| PRI Primerica, Inc. | +$11M |
| GPN Global Payments Inc. | +$5M |
| PRG PROG Holdings, Inc.new | +$4M |
| CBK Commercial Bancgroup, Inc. Comnew | +$3M |
| TFSL TFS Financial Corporation | +$3M |
| OFG OFG Bancorp | +$3M |
| CNOB ConnectOne Bancorp, Inc. | +$2M |
Top sells this quarter · 15
| WBS Webster Financial Corporationexit | −$4M |
| PGR The Progressive Corporationexit | −$4M |
| HD The Home Depot, Inc.exit | −$4M |
| CHD Church & Dwight Co., Inc.exit | −$3M |
| ABT Abbott Laboratoriesexit | −$3M |
| SLB SLB N.V.exit | −$3M |
| CARR Carrier Global Corporationexit | −$3M |
| ETN Eaton Corporation plc | −$3M |
| RTX RTX Corporationexit | −$3M |
| WEX WEX Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $469M | 90 | +25.56% | +17.59% | +7.97% | +0.02B |
| 2025-12-31 | $484M | 113 | +30.61% | +17.72% | +12.89% | +0.11B |
| 2025-09-30 | $390M | 74 | +54.68% | +17.52% | +37.16% | +0.02B |
| 2025-06-30 | $321M | 71 | +56.65% | +14.94% | +41.70% | +0.00B |
| 2025-03-31 | $261M | 67 | +29.38% | +8.30% | +21.08% | +0.01B |
| 2024-12-31 | $265M | 69 | +44.53% | +24.89% | +19.64% | +0.01B |
| 2024-09-30 | $226M | 57 | +60.61% | +36.04% | +24.57% | -0.00B |
| 2024-06-30 | $197M | 59 | +47.91% | +24.49% | +23.42% | +0.01B |
| 2024-03-31 | $187M | 62 | +54.51% | +29.62% | +24.89% | -0.01B |
| 2023-12-31 | $181M | 62 | +34.18% | +26.18% | +8.01% | +0.00B |
| 2023-09-30 | $141M | 63 | +18.83% | +21.57% | -2.73% | -0.01B |
| 2023-06-30 | $142M | 65 | +9.16% | +19.42% | -10.26% | +0.01B |
| 2023-03-31 | $129M | 62 | -11.16% | -7.82% | -3.34% | +0.00B |
| 2022-12-31 | $136M | 66 | +12.63% | +7.56% | +5.07% | +0.00B |
| 2022-09-30 | $120M | 61 | -1.49% | -4.93% | +3.44% | +0.00B |
| 2022-06-30 | $119M | 71 | -14.58% | -16.11% | +1.53% | +0.00B |