Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.62%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.57%
baseline attrition
Rally response
-6.30%
trims into rallies
when a holding rises +10%+
Top positions · 13
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TWLOTwilio Inc. | $8M | 11.9% | +28.5% | 2.0 yr |
| VSATViasat, Inc. | $8M | 11.7% | +339.5% | 0.8 yr |
| ACHCAcadia Healthcare Compan | $7M | 10.7% | -22.9% | 0.3 yr |
| PSOPearson plc | $6M | 9.3% | -16.0% | 6.0 yr |
| ALVAutoliv, Inc. | $6M | 9.1% | +22.4% | 8.0 yr |
| CRLCharles River Laboratori | $4M | 6.9% | +14.6% | 1.0 yr |
| MRCYMercury Systems, Inc. | $4M | 6.8% | +69.2% | 4.0 yr |
| EXELExelixis, Inc. | $4M | 6.7% | +16.2% | 3.0 yr |
| ITGRInteger Holdings Corpora | $4M | 6.4% | -25.4% | 0.5 yr |
| ETSYEtsy, Inc. | $4M | 5.6% | +5.9% | 2.3 yr |
| — | $3M | 5.1% | — | 0.5 yr |
| TRIPTripadvisor, Inc. | $3M | 5.0% | -24.8% | 0.8 yr |
| WKWorkiva Inc. | $3M | 4.8% | -21.4% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure11.9%+3.5pp$8M
Communication Equipment11.7%$8M
Medical - Care Facilities10.7%$7M
Publishing9.3%+2.7pp$6M
Auto - Parts9.1%+4.6pp$6M
Medical - Diagnostics & Research6.9%$4M
Aerospace & Defense6.8%-0.9pp$4M
Biotechnology6.7%+1.9pp$4M
Medical - Devices6.4%$4M
Specialty Retail5.6%+2.2pp$4M
Country
US76.4%-8.0pp
GB9.3%-1.7pp
SE9.1%+4.6pp
Unknown5.1%
Top 5: 52.6% · Top 10: 85.1% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MRCY | $9M | +0.01B | 69.2% |
| TWLO | $6M | +0.00B | 28.5% |
| ALV | $5M | +0.00B | 22.4% |
| EXEL | $5M | +0.00B | 16.2% |
| ETSY | $4M | +0.00B | 5.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| PSO | $8M | -0.00B | -16.0% |
Top buys this quarter · 1
| ACHC Acadia Healthcare Company, Incnew | +$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $64M | 13 | +13.46% | +17.59% | -4.13% | -0.02B |
| 2025-12-31 | $84M | 16 | +6.69% | +17.72% | -11.03% | -0.02B |
| 2025-09-30 | $104M | 18 | +10.05% | +17.52% | -7.47% | -0.02B |
| 2025-06-30 | $110M | 20 | +6.06% | +14.94% | -8.88% | -0.01B |
| 2025-03-31 | $113M | 21 | -6.55% | +8.30% | -14.85% | -0.01B |
| 2024-12-31 | $135M | 21 | +8.30% | +24.89% | -16.59% | -0.01B |
| 2024-09-30 | $136M | 22 | +19.99% | +36.04% | -16.04% | -0.01B |
| 2024-06-30 | $137M | 21 | +7.09% | +24.49% | -17.40% | -0.02B |
| 2024-03-31 | $164M | 28 | +17.92% | +29.62% | -11.71% | -0.02B |
| 2023-12-31 | $170M | 29 | +18.93% | +26.18% | -7.24% | -0.02B |
| 2023-09-30 | $161M | 28 | +14.60% | +21.57% | -6.97% | -0.01B |
| 2023-06-30 | $183M | 28 | +5.66% | +19.42% | -13.76% | -0.02B |
| 2023-03-31 | $197M | 27 | -6.93% | -7.82% | +0.88% | -0.01B |
| 2022-12-31 | $190M | 28 | +11.76% | +7.56% | +4.20% | -0.01B |
| 2022-09-30 | $181M | 30 | -13.63% | -4.93% | -8.70% | -0.00B |
| 2022-06-30 | $215M | 29 | -9.94% | -16.11% | +6.17% | -0.01B |