Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.57%
adds when stocks drop
when a holding falls −10%+
Middle response
-5.02%
baseline attrition
Rally response
-12.18%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VRSNVeriSign, Inc. | $227M | 8.3% | -0.9% | 0.5 yr |
| — | $157M | 5.7% | — | 0.8 yr |
| — | $155M | 5.6% | — | 1.3 yr |
| OPLNOPENLANE, Inc. | $145M | 5.3% | +51.2% | 5.0 yr |
| SIMOSilicon Motion Technolog | $132M | 4.8% | +127.9% | 3.0 yr |
| WWDWoodward, Inc. | $122M | 4.5% | +97.0% | 3.0 yr |
| FISFidelity National Inform | $122M | 4.4% | -35.6% | 3.0 yr |
| ALLEAllegion plc | $117M | 4.3% | +12.9% | 2.8 yr |
| VVVValvoline Inc. | $106M | 3.9% | -3.2% | 3.0 yr |
| HPEHewlett Packard Enterpri | $101M | 3.7% | +57.2% | 1.8 yr |
| — | $96M | 3.5% | — | 2.8 yr |
| MLMMartin Marietta Material | $95M | 3.4% | +23.8% | 1.5 yr |
| TKOTKO Group Holdings, Inc. | $83M | 3.0% | +33.8% | 2.0 yr |
| BLBlackLine, Inc. | $70M | 2.6% | -23.6% | 2.5 yr |
| STXSeagate Technology Holdi | $68M | 2.5% | +366.3% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Unknown17.2%+9.7pp$472M
Computer Hardware10.2%$279M
Software - Infrastructure9.4%+6.0pp$259M
Software - Application7.4%+2.4pp$202M
Semiconductors5.3%+1.2pp$146M
Auto - Dealerships5.3%+1.1pp$145M
Information Technology Services4.8%+0.6pp$131M
Aerospace & Defense4.5%-2.8pp$122M
Entertainment4.3%-1.0pp$118M
Security & Protection Services4.3%-1.5pp$117M
Country
US71.3%-10.7pp
Unknown17.2%+9.7pp
HK4.8%
IE4.3%-1.5pp
SG2.5%
Top 5: 29.7% · Top 10: 50.5% · Top 25: 84.6%
Top buys this quarter · 15
| VRSN VeriSign, Inc. | +$74M |
| OPLN OPENLANE, Inc. | +$61M |
| NCNO nCino, Inc. | +$58M |
| SMCI Super Micro Computer, Inc.new | +$53M |
| ESE ESCO Technologies Inc.new | +$47M |
| SIMO Silicon Motion Technology Corp | +$43M |
| HPE Hewlett Packard Enterprise Com | +$35M |
| WK Workiva Inc. | +$33M |
| FIS Fidelity National Information | +$122M |
| ALLE Allegion plc | +$29M |
Top sells this quarter · 15
| AAOI Applied Optoelectronics, Inc.exit | −$144M |
| ENTG Entegris, Inc.exit | −$128M |
| GMED Globus Medical, Inc. | −$92M |
| WEX WEX Inc. | −$45M |
| ACHC Acadia Healthcare Company, Inc | −$36M |
| WDC Western Digital Corporation | −$56M |
| WWD Woodward, Inc. | −$25M |
| XPO XPO Logistics, Inc. | −$20M |
| MLM Martin Marietta Materials, Inc | −$20M |
| STX Seagate Technology Holdings pl | −$55M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.74B | 47 | +27.35% | +17.59% | +9.75% | +0.40B |
| 2025-12-31 | $2.17B | 36 | +10.57% | +17.72% | -7.15% | +0.02B |
| 2025-09-30 | $2.10B | 44 | +7.11% | +17.52% | -10.41% | -0.38B |
| 2025-06-30 | $2.40B | 53 | +6.05% | +14.94% | -8.89% | +0.05B |
| 2025-03-31 | $2.12B | 42 | -9.11% | +8.30% | -17.41% | +0.14B |
| 2024-12-31 | $2.10B | 43 | +1.55% | +24.89% | -23.34% | -0.20B |
| 2024-09-30 | $2.32B | 47 | +13.24% | +36.04% | -22.79% | -0.07B |
| 2024-06-30 | $2.32B | 53 | +2.42% | +24.49% | -22.07% | +0.22B |
| 2024-03-31 | $2.22B | 41 | +14.35% | +29.62% | -15.27% | +0.38B |
| 2023-12-31 | $1.75B | 39 | +16.82% | +26.18% | -9.36% | -0.50B |
| 2023-09-30 | $2.03B | 42 | +18.25% | +21.57% | -3.32% | +0.28B |
| 2023-06-30 | $1.89B | 40 | +13.36% | +19.42% | -6.06% | +0.02B |
| 2023-03-31 | $1.76B | 41 | -11.82% | -7.82% | -4.00% | +0.18B |
| 2022-12-31 | $1.48B | 43 | +11.96% | +7.56% | +4.40% | -0.31B |
| 2022-09-30 | $1.59B | 50 | -11.07% | -4.93% | -6.15% | +0.31B |
| 2022-06-30 | $1.44B | 50 | -17.49% | -16.11% | -1.38% | -0.01B |