Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.68%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.60%
baseline attrition
Rally response
-4.62%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CRSCarpenter Technology Cor | $11M | 4.5% | +118.3% | 6.5 yr |
| AAOIApplied Optoelectronics, | $11M | 4.1% | +451.1% | 1.5 yr |
| — | $8M | 3.1% | — | 2.3 yr |
| ZETAZeta Global Holdings Cor | $7M | 2.5% | +17.4% | 4.0 yr |
| LITELumentum Holdings Inc. | $6M | 2.5% | +1027.3% | 7.3 yr |
| IMAXIMAX Corporation | $6M | 2.4% | +44.3% | 2.0 yr |
| CPACopa Holdings, S.A. | $6M | 2.4% | +29.6% | 5.8 yr |
| ATIATI Inc. | $6M | 2.4% | +179.6% | 4.0 yr |
| SFStifel Financial Corp. | $6M | 2.3% | +20.2% | 4.0 yr |
| ALHCAlignment Healthcare, In | $6M | 2.2% | -5.4% | 1.8 yr |
| MTHMeritage Homes Corporati | $6M | 2.2% | -10.5% | 1.3 yr |
| MXLMaxLinear, Inc. | $6M | 2.1% | +60.1% | 6.5 yr |
| TCBXThird Coast Bancshares, | $5M | 2.0% | +13.4% | 2.5 yr |
| STRLSterling Infrastructure, | $5M | 1.9% | +259.7% | 5.8 yr |
| HQYHealthEquity, Inc. | $5M | 1.8% | -5.4% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors9.9%+7.0pp$26M
Software - Application7.8%-0.4pp$20M
Biotechnology7.6%+0.2pp$20M
Manufacturing - Metal Fabrication6.8%+2.4pp$18M
Banks - Regional6.3%+0.4pp$16M
Engineering & Construction5.1%-1.1pp$13M
Residential Construction4.4%+3.4pp$11M
Unknown4.3%-4.0pp$11M
Financial - Capital Markets4.2%-0.1pp$11M
Communication Equipment3.9%+2.8pp$10M
Country
US85.1%+9.7pp
Unknown4.3%-4.0pp
GB3.4%-4.2pp
CA2.8%-0.3pp
PA2.4%-0.5pp
CH1.3%-0.1pp
LU0.4%
BM0.1%
Top 5: 16.6% · Top 10: 28.3% · Top 25: 53.7%
Top buys this quarter · 15
| CBT Cabot Corporationnew | +$4M |
| SFNC Simmons First National Corporanew | +$3M |
| ADPT Adaptive Biotechnologies Corpo | +$3M |
| ICHR Ichor Holdings, Ltd. | +$2M |
| ARLO Arlo Technologies, Inc. | +$2M |
| SF Stifel Financial Corp. | +$6M |
| TCBX Third Coast Bancshares, Inc. | +$2M |
| FWRG First Watch Restaurant Group, new | +$2M |
| CE Celanese Corporationnew | +$1M |
| HNGE Hinge Health, Inc.new | +$1M |
Top sells this quarter · 15
| AAOI Applied Optoelectronics, Inc. | −$8M |
| DHT DHT Holdings, Inc.exit | −$6M |
| SIMO Silicon Motion Technology Corpexit | −$5M |
| CAKE The Cheesecake Factory Incorpo | −$4M |
| LYFT Lyft, Inc.exit | −$3M |
| ARQT Arcutis Biotherapeutics, Inc. | −$2M |
| CERT Certara, Inc.exit | −$2M |
| LITE Lumentum Holdings Inc. | −$4M |
| STC Stewart Information Services Cexit | −$2M |
| GDYN Grid Dynamics Holdings, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $257M | 129 | +32.30% | +17.59% | +14.71% | -0.00B |
| 2025-12-31 | $257M | 116 | +16.60% | +17.72% | -1.12% | +0.00B |
| 2025-09-30 | $246M | 112 | +15.91% | +17.52% | -1.61% | +0.02B |
| 2025-06-30 | $217M | 112 | +28.38% | +14.94% | +13.44% | -0.00B |
| 2025-03-31 | $186M | 111 | +8.10% | +8.30% | -0.20% | +0.00B |
| 2024-12-31 | $207M | 108 | +25.45% | +24.89% | +0.57% | +0.00B |
| 2024-09-30 | $197M | 98 | +30.28% | +36.04% | -5.75% | -0.01B |
| 2024-06-30 | $173M | 94 | +5.96% | +24.49% | -18.53% | -0.00B |
| 2024-03-31 | $177M | 92 | +11.09% | +29.62% | -18.54% | -0.00B |
| 2023-12-31 | $174M | 97 | +15.82% | +26.18% | -10.36% | +0.01B |
| 2023-09-30 | $155M | 92 | +12.16% | +21.57% | -9.41% | -0.01B |
| 2023-06-30 | $171M | 99 | +9.29% | +19.42% | -10.14% | +0.00B |
| 2023-03-31 | $162M | 102 | -16.74% | -7.82% | -8.92% | -0.00B |
| 2022-12-31 | $155M | 102 | +3.88% | +7.56% | -3.68% | +0.01B |
| 2022-09-30 | $139M | 105 | -6.97% | -4.93% | -2.04% | -0.00B |
| 2022-06-30 | $151M | 110 | -19.72% | -16.11% | -3.61% | +0.00B |