Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-23.46%
trims when stocks drop
when a holding falls −10%+
Middle response
-15.06%
baseline attrition
Rally response
-26.68%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AMZNAmazon.com, Inc. | $39M | 1.5% | +9.5% | 3.0 yr |
| NVDANVIDIA Corporation | $29M | 1.1% | +60.9% | 2.5 yr |
| COLBColumbia Banking System, | $28M | 1.0% | +16.1% | 1.3 yr |
| MCDMcDonald's Corporation | $27M | 1.0% | +1.8% | 2.3 yr |
| STTState Street Corporation | $26M | 1.0% | +44.6% | 2.0 yr |
| BCSBarclays PLC | $25M | 1.0% | +40.5% | 0.8 yr |
| CNICanadian National Railwa | $25M | 0.9% | +8.2% | 1.5 yr |
| CVECenovus Energy Inc. | $23M | 0.9% | +97.2% | 1.0 yr |
| NSCNorfolk Southern Corpora | $23M | 0.9% | +23.6% | 1.0 yr |
| FRFirst Industrial Realty | $23M | 0.9% | +10.0% | 2.5 yr |
| SMSM Energy Company | $23M | 0.9% | +8.9% | 0.8 yr |
| MAAMid-America Apartment Co | $23M | 0.9% | -24.0% | 2.0 yr |
| VVisa Inc. | $23M | 0.8% | -13.1% | 2.8 yr |
| VTRVentas, Inc. | $23M | 0.8% | +21.4% | 3.0 yr |
| PARRPar Pacific Holdings, In | $22M | 0.8% | +339.3% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production5.7%+3.5pp$152M
Unknown3.8%+0.6pp$102M
Banks - Regional3.7%-0.4pp$98M
REIT - Retail3.3%-1.5pp$87M
Asset Management3.3%-1.9pp$87M
REIT - Residential3.2%-0.0pp$86M
Banks - Diversified2.7%-1.8pp$73M
Semiconductors2.6%+2.0pp$69M
REIT - Industrial2.3%-1.3pp$62M
Industrial - Machinery2.2%+1.2pp$60M
Country
US81.6%-7.7pp
CA4.5%+3.1pp
Unknown3.8%+0.6pp
GB2.5%+1.0pp
IE2.3%+0.9pp
CN1.1%+0.6pp
KY0.9%
BM0.5%-0.2pp
Top 5: 5.6% · Top 10: 10.1% · Top 25: 21.5%
Top buys this quarter · 15
| NVDA NVIDIA Corporation | +$20M |
| BCS Barclays PLC | +$17M |
| MCD McDonald's Corporation | +$16M |
| GOOG Alphabet Inc. | +$15M |
| DIS The Walt Disney Companynew | +$15M |
| CVCO Cavco Industries, Inc. | +$15M |
| IRT Independence Realty Trust, Inc | +$14M |
| COLB Columbia Banking System, Inc. | +$14M |
| FVAV Fortress Value Acquisition Cornew | +$13M |
| LMT Lockheed Martin Corporation | +$12M |
Top sells this quarter · 15
| AEP American Electric Power Compan | −$40M |
| AEE Ameren Corporation | −$32M |
| CSX CSX Corporation | −$30M |
| SRE Sempra | −$30M |
| VLO Valero Energy Corporationexit | −$28M |
| H Hyatt Hotels Corporation | −$27M |
| VIST Vista Energy, S.A.B. de C.V. | −$26M |
| SYY Sysco Corporationexit | −$26M |
| EXE Expand Energy Corporationexit | −$26M |
| AMZN Amazon.com, Inc. | −$25M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.67B | 663 | +25.65% | +17.59% | +8.06% | -0.50B |
| 2025-12-31 | $3.00B | 835 | +18.88% | +17.72% | +1.16% | +0.08B |
| 2025-09-30 | $2.77B | 576 | +13.32% | +17.52% | -4.20% | +0.31B |
| 2025-06-30 | $2.30B | 505 | +15.70% | +14.94% | +0.76% | -0.01B |
| 2025-03-31 | $2.19B | 440 | +8.17% | +8.30% | -0.14% | -0.39B |
| 2024-12-31 | $2.58B | 445 | +16.58% | +24.89% | -8.30% | +0.72B |
| 2024-09-30 | $1.84B | 383 | +26.44% | +36.04% | -9.60% | -0.10B |
| 2024-06-30 | $1.79B | 360 | +12.74% | +24.49% | -11.76% | +0.11B |
| 2024-03-31 | $1.70B | 337 | +15.34% | +29.62% | -14.29% | +0.22B |
| 2023-12-31 | $1.37B | 263 | +12.50% | +26.18% | -13.68% | -0.46B |
| 2023-09-30 | $1.69B | 291 | +14.29% | +21.57% | -7.28% | +0.41B |
| 2023-06-30 | $1.32B | 258 | +18.50% | +19.42% | -0.93% | +0.15B |
| 2023-03-31 | $1.15B | 253 | +1.63% | -7.82% | +9.45% | +0.58B |
| 2022-12-31 | $541M | 231 | +10.75% | +7.56% | +3.19% | +0.27B |
| 2022-09-30 | $249M | 53 | +0.79% | -4.93% | +5.72% | +0.00B |
| 2022-06-30 | $244M | 48 | -13.29% | -16.11% | +2.83% | +0.14B |