Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+21.58%
adds when stocks drop
when a holding falls −10%+
Middle response
-12.50%
baseline attrition
Rally response
-6.86%
trims into rallies
when a holding rises +10%+
Top positions · 12
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CTRICenturi Holdings, Inc. | $20M | 24.9% | +78.2% | 0.5 yr |
| CHDNChurchill Downs Incorpor | $13M | 16.4% | -18.8% | 2.5 yr |
| LINDLindblad Expeditions Hol | $11M | 13.6% | +86.6% | 0.3 yr |
| MYRGMYR Group Inc. | $10M | 12.5% | +149.6% | 0.8 yr |
| MTZMasTec, Inc. | $6M | 7.7% | +175.7% | 3.8 yr |
| POWLPowell Industries, Inc. | $5M | 6.6% | +6.3% | 0.3 yr |
| THRThermon Group Holdings, | $5M | 5.5% | +81.0% | 0.5 yr |
| ACELAccel Entertainment, Inc | $4M | 5.1% | +10.0% | 1.3 yr |
| CECOCECO Environmental Corp. | $3M | 3.6% | +161.3% | 0.3 yr |
| KRUSKura Sushi USA, Inc. | $2M | 2.9% | +36.3% | 0.3 yr |
| FLLFull House Resorts, Inc. | $1M | 1.3% | -46.2% | 4.0 yr |
| ROLRHigh Roller Technologies | $0M | 0.1% | +9.4% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Regulated Gas24.9%$20M
Gambling, Resorts & Casinos22.8%-14.3pp$19M
Engineering & Construction20.2%$17M
Travel Services13.6%$11M
Electrical Equipment & Parts6.6%$5M
Industrial - Machinery5.5%$5M
Industrial - Pollution & Treatment Controls3.6%$3M
Restaurants2.9%$2M
Country
US100.0%+26.8pp
Top 5: 75.0% · Top 10: 98.7% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| FLL | $2M | -0.00B | -46.2% |
Top buys this quarter · 9
| LIND Lindblad Expeditions Holdings,new | +$11M |
| CHDN Churchill Downs Incorporated | +$10M |
| MTZ MasTec, Inc. | +$3M |
| CECO CECO Environmental Corp.new | +$3M |
| KRUS Kura Sushi USA, Inc.new | +$2M |
| POWL Powell Industries, Inc.new | +$2M |
| MYRG MYR Group Inc. | +$1M |
| FLL Full House Resorts, Inc. | +$0M |
| ROLR High Roller Technologies, Inc.new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $82M | 12 | +77.78% | +17.59% | +60.19% | +0.04B |
| 2025-12-31 | $39M | 6 | +39.49% | +17.72% | +21.77% | +0.01B |
| 2025-09-30 | $29M | 8 | +64.06% | +17.52% | +46.54% | -0.04B |
| 2025-06-30 | $49M | 10 | +38.05% | +14.94% | +23.10% | +0.00B |
| 2025-03-31 | $40M | 11 | +19.58% | +8.30% | +11.28% | -0.01B |
| 2024-12-31 | $50M | 9 | +35.77% | +24.89% | +10.89% | -0.02B |
| 2024-09-30 | $54M | 10 | +20.32% | +36.04% | -15.71% | +0.00B |
| 2024-06-30 | $46M | 12 | +4.26% | +24.49% | -20.23% | -0.00B |
| 2024-03-31 | $52M | 12 | +9.09% | +29.62% | -20.54% | +0.02B |
| 2023-12-31 | $32M | 6 | +22.76% | +26.18% | -3.42% | -0.01B |
| 2023-09-30 | $42M | 9 | +35.92% | +21.57% | +14.36% | -0.03B |
| 2023-06-30 | $75M | 15 | +36.94% | +19.42% | +17.52% | +0.03B |
| 2023-03-31 | $47M | 13 | +7.04% | -7.82% | +14.86% | -0.00B |
| 2022-12-31 | $42M | 8 | +20.09% | +7.56% | +12.53% | +0.00B |
| 2022-09-30 | $32M | 5 | -2.90% | -4.93% | +2.03% | -0.01B |
| 2022-06-30 | $46M | 10 | -20.63% | -16.11% | -4.52% | +0.00B |