Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.64%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.35%
steady accumulation
Rally response
-2.85%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ORAOrmat Technologies, Inc. | $200M | 12.0% | +58.9% | 10.5 yr |
| SANMSanmina Corporation | $78M | 4.7% | +70.2% | 4.0 yr |
| UMBFUMB Financial Corporatio | $74M | 4.5% | +13.2% | 10.5 yr |
| GMEDGlobus Medical, Inc. | $60M | 3.6% | +17.7% | 9.3 yr |
| DIODDiodes Incorporated | $57M | 3.4% | +58.1% | 2.8 yr |
| RUSHARush Enterprises, Inc. | $49M | 2.9% | — | 3.3 yr |
| GXOGXO Logistics, Inc. | $48M | 2.9% | +32.7% | 1.8 yr |
| AAAlcoa Corporation | $46M | 2.8% | +119.9% | 1.8 yr |
| SIISprott Inc. | $45M | 2.7% | +224.0% | 2.0 yr |
| RYNRayonier Inc. | $43M | 2.6% | -17.8% | 10.5 yr |
| — | $42M | 2.5% | — | 0.5 yr |
| EXPEagle Materials Inc. | $41M | 2.5% | -14.2% | 8.5 yr |
| GPORGulfport Energy Corporat | $40M | 2.4% | +14.9% | 1.5 yr |
| ATNIATN International, Inc. | $40M | 2.4% | +40.5% | 10.0 yr |
| LMNRLimoneira Company | $39M | 2.4% | -23.1% | 10.5 yr |
Portfolio composition (YoY)
Industry mix
Renewable Utilities12.0%+0.5pp$200M
Banks - Regional6.4%+0.3pp$107M
Hardware, Equipment & Parts4.7%+0.2pp$78M
Software - Infrastructure4.4%-1.4pp$74M
Medical - Devices3.6%-0.2pp$60M
Semiconductors3.4%+1.6pp$57M
Auto - Dealerships2.9%-0.2pp$49M
Integrated Freight & Logistics2.9%+0.6pp$48M
Aluminum2.8%+0.7pp$46M
Asset Management2.7%+0.7pp$45M
Country
US90.4%-6.4pp
CA4.6%+2.6pp
Unknown2.5%+1.9pp
CN1.3%
GB1.1%
IL0.1%-0.5pp
Top 5: 28.2% · Top 10: 42.1% · Top 25: 75.4%
Top buys this quarter · 15
| SCI Service Corporation Internationew | +$29M |
| WRD WeRide Inc.new | +$21M |
| CVLT Commvault Systems, Inc. | +$18M |
| CAE CAE Inc. | +$13M |
| ACIW ACI Worldwide, Inc. | +$10M |
| RDNT RadNet, Inc. | +$10M |
| RYN Rayonier Inc. | +$9M |
| RLI RLI Corp. | +$9M |
| ORA Ormat Technologies, Inc. | +$8M |
| REZI Resideo Technologies, Inc. | +$8M |
Top sells this quarter · 15
| AA Alcoa Corporation | −$24M |
| ANIP ANI Pharmaceuticals, Inc. | −$18M |
| FPI Farmland Partners Inc.exit | −$17M |
| GNTX Gentex Corporationexit | −$15M |
| SII Sprott Inc. | −$40M |
| FSS Federal Signal Corporation | −$11M |
| PCRX Pacira BioSciences, Inc.exit | −$2M |
| VMI Valmont Industries, Inc. | −$1M |
| MWA Mueller Water Products, Inc. | −$1M |
| DIOD Diodes Incorporated | −$42M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.66B | 54 | +20.45% | +17.59% | +2.86% | +0.06B |
| 2025-12-31 | $1.64B | 56 | +14.52% | +17.72% | -3.20% | -0.20B |
| 2025-09-30 | $1.75B | 56 | +6.38% | +17.52% | -11.14% | -0.02B |
| 2025-06-30 | $1.60B | 56 | +7.18% | +14.94% | -7.76% | +0.15B |
| 2025-03-31 | $1.37B | 58 | +1.20% | +8.30% | -7.11% | +0.09B |
| 2024-12-31 | $1.38B | 56 | +14.25% | +24.89% | -10.64% | -0.11B |
| 2024-09-30 | $1.52B | 56 | +33.69% | +36.04% | -2.34% | +0.01B |
| 2024-06-30 | $1.36B | 56 | +9.60% | +24.49% | -14.89% | +0.03B |
| 2024-03-31 | $1.32B | 54 | +10.31% | +29.62% | -19.31% | +0.03B |
| 2023-12-31 | $1.23B | 53 | +3.55% | +26.18% | -22.63% | +0.09B |
| 2023-09-30 | $996M | 36 | -8.71% | +21.57% | -30.27% | +0.02B |
| 2023-06-30 | $1.07B | 33 | -0.82% | +19.42% | -20.25% | -0.04B |
| 2023-03-31 | $1.10B | 34 | -16.08% | -7.82% | -8.26% | +0.09B |
| 2022-12-31 | $1.02B | 34 | +0.77% | +7.56% | -6.79% | +0.02B |
| 2022-09-30 | $1.00B | 35 | -0.82% | -4.93% | +4.11% | +0.08B |
| 2022-06-30 | $927M | 35 | -14.70% | -16.11% | +1.41% | -0.07B |