Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-23.43%
trims when stocks drop
when a holding falls −10%+
Middle response
-16.94%
baseline attrition
Rally response
-27.49%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CNMCore & Main, Inc. | $77M | 2.6% | +2.3% | 2.3 yr |
| SYYSysco Corporation | $75M | 2.6% | -3.0% | 1.0 yr |
| NVTnVent Electric plc | $72M | 2.5% | +127.9% | 6.8 yr |
| HDThe Home Depot, Inc. | $70M | 2.4% | -8.0% | 3.5 yr |
| MMM3M Company | $67M | 2.3% | +0.7% | 2.0 yr |
| AMZNAmazon.com, Inc. | $63M | 2.2% | +9.5% | 8.0 yr |
| SITESiteOne Landscape Supply | $58M | 2.0% | +9.6% | 0.8 yr |
| DALDelta Air Lines, Inc. | $57M | 2.0% | +54.5% | 7.3 yr |
| ETNEaton Corporation plc | $56M | 1.9% | +33.2% | 4.5 yr |
| MLMMartin Marietta Material | $55M | 1.9% | +23.8% | 4.3 yr |
| ESABESAB Corporation | $55M | 1.9% | -16.8% | 1.5 yr |
| WMSAdvanced Drainage System | $53M | 1.8% | +26.9% | 1.5 yr |
| ROSTRoss Stores, Inc. | $53M | 1.8% | +71.2% | 4.8 yr |
| CHRWC.H. Robinson Worldwide, | $52M | 1.8% | +65.3% | 2.5 yr |
| RPMRPM International Inc. | $46M | 1.6% | -12.4% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional6.7%+1.1pp$194M
Specialty Retail6.6%-3.9pp$192M
Industrial - Distribution6.0%+0.4pp$176M
Banks - Diversified4.6%+1.3pp$134M
Financial - Capital Markets4.4%+3.0pp$128M
Apparel - Retail4.4%+0.5pp$127M
Industrial - Machinery4.3%-3.8pp$126M
Asset Management3.9%+1.8pp$113M
Construction Materials3.4%+2.6pp$99M
Food Distribution3.4%$99M
Country
US88.1%-0.4pp
IE4.3%-0.2pp
GB3.1%-0.2pp
CA1.6%+0.2pp
IT1.2%+1.2pp
Unknown1.0%+0.2pp
BM0.5%+0.2pp
BR0.1%
Top 5: 12.4% · Top 10: 22.3% · Top 25: 45.6%
Top buys this quarter · 15
| HD The Home Depot, Inc. | +$70M |
| MMM 3M Company | +$57M |
| DAL Delta Air Lines, Inc. | +$44M |
| NVT nVent Electric plc | +$40M |
| GFL GFL Environmental Inc. | +$39M |
| WH Wyndham Hotels & Resorts, Inc. | +$34M |
| GPC Genuine Parts Company | +$32M |
| RPM RPM International Inc. | +$31M |
| URBN Urban Outfitters, Inc. | +$30M |
| ORLY O'Reilly Automotive, Inc. | +$30M |
Top sells this quarter · 15
| GWW W.W. Grainger, Inc. | −$135M |
| DOV Dover Corporationexit | −$102M |
| USFD US Foods Holding Corp. | −$86M |
| SYY Sysco Corporation | −$77M |
| CHRW C.H. Robinson Worldwide, Inc. | −$69M |
| UAL United Airlines Holdings, Inc. | −$68M |
| MLM Martin Marietta Materials, Inc | −$67M |
| TTWO Take-Two Interactive Software,exit | −$61M |
| BLD TopBuild Corp.exit | −$55M |
| FIVE Five Below, Inc. | −$54M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.91B | 197 | +16.47% | +17.59% | -1.12% | -1.32B |
| 2025-12-31 | $4.28B | 238 | +12.79% | +17.72% | -4.93% | -0.49B |
| 2025-09-30 | $4.67B | 272 | +18.37% | +17.52% | +0.86% | -0.05B |
| 2025-06-30 | $4.38B | 273 | +17.36% | +14.94% | +2.42% | +1.35B |
| 2025-03-31 | $2.83B | 241 | +8.20% | +8.30% | -0.10% | -0.91B |
| 2024-12-31 | $3.90B | 251 | +30.80% | +24.89% | +5.91% | +0.16B |
| 2024-09-30 | $3.50B | 234 | +38.87% | +36.04% | +2.83% | -0.16B |
| 2024-06-30 | $3.41B | 253 | +24.65% | +24.49% | +0.16% | +0.80B |
| 2024-03-31 | $2.65B | 183 | +37.89% | +29.62% | +8.27% | -0.01B |
| 2023-12-31 | $2.30B | 176 | +27.20% | +26.18% | +1.02% | -0.47B |
| 2023-09-30 | $2.44B | 174 | +22.98% | +21.57% | +1.41% | +0.52B |
| 2023-06-30 | $1.99B | 185 | +24.62% | +19.42% | +5.19% | +0.05B |
| 2023-03-31 | $1.78B | 188 | -0.72% | -7.82% | +7.10% | +0.45B |
| 2022-12-31 | $1.25B | 182 | +9.81% | +7.56% | +2.25% | -0.61B |
| 2022-09-30 | $1.70B | 197 | -2.59% | -4.93% | +2.34% | +0.32B |
| 2022-06-30 | $1.41B | 182 | -13.06% | -16.11% | +3.05% | +0.26B |