Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.31%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.63%
baseline attrition
Rally response
-10.95%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EFViShares MSCI EAFE Value | $17M | 4.5% | — | 7.8 yr |
| EFGiShares MSCI EAFE Growth | $16M | 4.3% | — | 7.8 yr |
| IEMGiShares Core MSCI Emergi | $11M | 3.0% | — | 6.3 yr |
| NVDANVIDIA Corporation | $6M | 1.6% | +60.9% | 4.0 yr |
| JPMJPMorgan Chase & Co. | $6M | 1.6% | +21.8% | 4.0 yr |
| MPCMarathon Petroleum Corpo | $6M | 1.5% | +71.2% | 2.8 yr |
| FTITechnipFMC plc | $6M | 1.5% | +119.3% | 1.8 yr |
| SCHESchwab Emerging Markets | $6M | 1.5% | — | 7.8 yr |
| SCHZSchwab U.S. Aggregate Bo | $5M | 1.3% | — | 7.8 yr |
| RBCRBC Bearings Incorporate | $5M | 1.3% | +68.8% | 1.3 yr |
| EDConsolidated Edison, Inc | $5M | 1.3% | +5.8% | 3.0 yr |
| NEMNewmont Corporation | $5M | 1.3% | +127.1% | 3.0 yr |
| RSPInvesco S&P 500 Equal We | $5M | 1.2% | — | 2.5 yr |
| HASHasbro, Inc. | $5M | 1.2% | +57.7% | 1.5 yr |
| TTTrane Technologies plc | $5M | 1.2% | +24.8% | 4.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management28.1%+1.0pp$106M
Semiconductors4.1%+2.3pp$16M
Hardware, Equipment & Parts3.5%-0.3pp$13M
Asset Management - Income3.4%-1.2pp$13M
Banks - Regional2.8%+0.8pp$11M
Drug Manufacturers - General2.7%+0.3pp$10M
Insurance - Property & Casualty2.7%+1.0pp$10M
Software - Infrastructure2.3%+0.4pp$9M
Internet Content & Information2.2%-0.5pp$8M
Beverages - Non-Alcoholic2.1%+1.8pp$8M
Country
US91.6%-2.2pp
IE3.0%+1.3pp
Unknown2.1%+0.8pp
GB1.5%+0.7pp
CA1.4%+0.9pp
NL0.2%+0.1pp
CH0.1%-1.3pp
Top 5: 15.0% · Top 10: 22.1% · Top 25: 39.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| VRT | $2M | +0.01B | 247.5% |
| COHR | $1M | +0.00B | 266.8% |
| APH | $4M | +0.00B | 93.6% |
| FTI | $2M | +0.00B | 119.3% |
| RBC | $3M | +0.00B | 68.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| AA Alcoa Corporationnew | +$4M |
| ED Consolidated Edison, Inc. | +$4M |
| FHN First Horizon Corporationnew | +$4M |
| ATO Atmos Energy Corporation | +$2M |
| FIX Comfort Systems USA, Inc.new | +$2M |
| QNST QuinStreet, Inc.new | +$1M |
| NWPX NWPX Infrastructure, Inc.new | +$1M |
| ICHR Ichor Holdings, Ltd.new | +$1M |
| TPR Tapestry, Inc. | +$1M |
| BRCB Black Rock Coffee Bar, Inc. Clnew | +$1M |
Top sells this quarter · 15
| WDC Western Digital Corporation | −$3M |
| CCK Crown Holdings, Inc.exit | −$4M |
| AES The AES Corporationexit | −$4M |
| GRMN Garmin Ltd. | −$4M |
| AMAT Applied Materials, Inc. | −$4M |
| COF Capital One Financial Corporatexit | −$3M |
| META Meta Platforms, Inc. | −$3M |
| FTI TechnipFMC plc | −$5M |
| LDOS Leidos Holdings, Inc.exit | −$2M |
| TGT Target Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $377M | 211 | +36.07% | +17.59% | +18.48% | -0.02B |
| 2025-12-31 | $369M | 201 | +29.44% | +17.72% | +11.72% | -0.01B |
| 2025-09-30 | $366M | 193 | +29.07% | +17.52% | +11.55% | -0.02B |
| 2025-06-30 | $358M | 205 | +32.85% | +14.94% | +17.91% | -0.01B |
| 2025-03-31 | $330M | 197 | +19.18% | +8.30% | +10.88% | +0.02B |
| 2024-12-31 | $296M | 143 | +28.91% | +24.89% | +4.02% | -0.02B |
| 2024-09-30 | $307M | 142 | +39.07% | +36.04% | +3.03% | -0.01B |
| 2024-06-30 | $286M | 142 | +21.84% | +24.49% | -2.65% | -0.01B |
| 2024-03-31 | $289M | 144 | +31.55% | +29.62% | +1.92% | -0.01B |
| 2023-12-31 | $270M | 145 | +22.64% | +26.18% | -3.53% | +0.02B |
| 2023-09-30 | $221M | 146 | +21.82% | +21.57% | +0.25% | -0.02B |
| 2023-06-30 | $251M | 147 | +24.60% | +19.42% | +5.17% | -0.01B |
| 2023-03-31 | $241M | 157 | -0.95% | -7.82% | +6.87% | -0.01B |
| 2022-12-31 | $237M | 150 | +10.84% | +7.56% | +3.28% | -0.00B |
| 2022-09-30 | $218M | 148 | -0.92% | -4.93% | +4.01% | -0.01B |
| 2022-06-30 | $233M | 171 | -13.48% | -16.11% | +2.63% | -0.01B |