Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.65%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.10%
steady accumulation
Rally response
+0.42%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HROWHarrow Health, Inc. | $55M | 5.6% | +32.6% | 4.0 yr |
| QNSTQuinStreet, Inc. | $53M | 5.4% | -32.7% | 10.5 yr |
| PERIPerion Network Ltd. | $48M | 4.9% | +22.7% | 6.5 yr |
| THTarget Hospitality Corp. | $43M | 4.4% | +41.0% | 7.3 yr |
| KKRKKR & Co. Inc. | $43M | 4.4% | -19.5% | 8.0 yr |
| BGCBGC Group, Inc | $40M | 4.1% | +7.7% | 2.8 yr |
| LGNDLigand Pharmaceuticals I | $40M | 4.1% | +89.9% | 2.0 yr |
| ASURAsure Software, Inc. | $35M | 3.5% | -9.9% | 6.5 yr |
| JPMJPMorgan Chase & Co. | $33M | 3.4% | +21.8% | 3.5 yr |
| SES.TOSecure Waste Infrastruct | $31M | 3.2% | +41.8% | 1.5 yr |
| MATWMatthews International C | $30M | 3.0% | +21.2% | 0.8 yr |
| BBSIBarrett Business Service | $29M | 3.0% | -28.4% | 6.0 yr |
| LNTHLantheus Holdings, Inc. | $27M | 2.8% | -22.3% | 6.0 yr |
| MPAAMotorcar Parts of Americ | $25M | 2.6% | +16.4% | 8.0 yr |
| PWFLPowerFleet, Inc. | $23M | 2.3% | — | 6.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management11.2%+2.1pp$110M
Financial - Capital Markets9.0%-0.8pp$88M
Drug Manufacturers - Specialty & Generic8.4%-2.9pp$82M
Banks - Regional5.7%-0.6pp$56M
Internet Content & Information5.6%+1.6pp$55M
Advertising Agencies5.4%-2.7pp$53M
Specialty Business Services4.4%+0.7pp$43M
Biotechnology4.1%+2.4pp$41M
Software - Application3.6%-0.5pp$35M
Banks - Diversified3.5%+0.3pp$34M
Country
US88.2%+1.6pp
IL4.9%+2.1pp
CA3.4%-3.4pp
CH1.9%-0.1pp
Unknown1.6%-0.2pp
IE0.1%+0.0pp
GB0.1%-0.0pp
Top 5: 24.6% · Top 10: 42.9% · Top 25: 74.9%
Top buys this quarter · 15
| KKR KKR & Co. Inc. | +$14M |
| PERI Perion Network Ltd. | +$10M |
| SNEX StoneX Group Inc. | +$5M |
| BHB Bar Harbor Banksharesnew | +$4M |
| JEF Jefferies Financial Group Inc. | +$21M |
| MATW Matthews International Corpora | +$3M |
| QNST QuinStreet, Inc. | +$53M |
| LAKE Lakeland Industries, Inc. | +$3M |
| PSA Public Storage | +$2M |
| TH Target Hospitality Corp. | +$1M |
Top sells this quarter · 15
| IWG.L International Workplace Group | −$83M |
| ATRO Astronics Corporation | −$16M |
| LNTH Lantheus Holdings, Inc. | −$15M |
| SES.TO Secure Waste Infrastructure Co | −$13M |
| HROW Harrow Health, Inc. | −$10M |
| GOOG Alphabet Inc. | −$5M |
| FBK FB Financial Corporation | −$3M |
| SMBK SmartFinancial, Inc. | −$2M |
| FNWB First Northwest Bancorpexit | −$2M |
| TAP Molson Coors Beverage Companyexit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $982M | 177 | -2.48% | +17.59% | -20.07% | +0.11B |
| 2025-12-31 | $1.05B | 165 | +10.34% | +17.72% | -7.38% | -0.05B |
| 2025-09-30 | $1.08B | 148 | +15.71% | +17.52% | -1.80% | +0.05B |
| 2025-06-30 | $987M | 138 | +33.13% | +14.94% | +18.19% | -0.01B |
| 2025-03-31 | $896M | 131 | +18.10% | +8.30% | +9.79% | +0.02B |
| 2024-12-31 | $938M | 126 | +28.55% | +24.89% | +3.66% | -0.04B |
| 2024-09-30 | $913M | 123 | +26.87% | +36.04% | -9.17% | -0.10B |
| 2024-06-30 | $843M | 128 | +5.86% | +24.49% | -18.63% | -0.03B |
| 2024-03-31 | $885M | 126 | -2.24% | +29.62% | -31.86% | -0.01B |
| 2023-12-31 | $881M | 129 | +6.04% | +26.18% | -20.14% | +0.01B |
| 2023-09-30 | $829M | 132 | +11.61% | +21.57% | -9.95% | +0.00B |
| 2023-06-30 | $826M | 133 | +19.54% | +19.42% | +0.11% | +0.06B |
| 2023-03-31 | $839M | 113 | +16.78% | -7.82% | +24.60% | +0.03B |
| 2022-12-31 | $733M | 112 | +10.92% | +7.56% | +3.36% | +0.01B |
| 2022-09-30 | $655M | 113 | +7.11% | -4.93% | +12.04% | -0.02B |
| 2022-06-30 | $631M | 81 | -10.66% | -16.11% | +5.45% | +0.04B |