Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+12.69%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.64%
steady accumulation
Rally response
-11.38%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SATSEchoStar Corporation | $819M | 17.4% | +357.7% | 2.0 yr |
| GWREGuidewire Software, Inc. | $598M | 12.7% | -20.2% | 6.0 yr |
| NYTThe New York Times Compa | $422M | 9.0% | +70.5% | 9.0 yr |
| SHCSotera Health Company | $373M | 7.9% | +23.0% | 2.0 yr |
| — | $366M | 7.8% | — | 1.5 yr |
| HCAHCA Healthcare, Inc. | $355M | 7.6% | +37.9% | 2.3 yr |
| WMGWarner Music Group Corp. | $303M | 6.4% | -16.4% | 4.3 yr |
| DKSDICK'S Sporting Goods, I | $273M | 5.8% | +0.1% | 0.5 yr |
| EFXEquifax Inc. | $270M | 5.8% | -25.4% | 1.3 yr |
| VRTVertiv Holdings Co | $251M | 5.3% | +247.5% | 0.5 yr |
| SCHWThe Charles Schwab Corpo | $211M | 4.5% | +21.5% | 2.0 yr |
| SGISomnigroup International | $196M | 4.2% | +24.4% | 2.5 yr |
| WINGWingstop Inc. | $194M | 4.1% | -31.0% | 0.8 yr |
| 0JUJ.LFormula One Group | $66M | 1.4% | -3.4% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Communication Equipment17.4%+11.7pp$819M
Software - Application12.7%+0.2pp$598M
Publishing9.0%-0.0pp$422M
Medical - Diagnostics & Research7.9%+1.2pp$373M
Entertainment7.9%-0.0pp$369M
Unknown7.8%-1.3pp$366M
Medical - Care Facilities7.6%-5.0pp$355M
Specialty Retail5.8%$273M
Consulting Services5.8%-1.3pp$270M
Electrical Equipment & Parts5.3%$251M
Country
US92.2%+4.3pp
Unknown7.8%-1.3pp
Top 5: 54.9% · Top 10: 85.8% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $4.70B | 14 | +39.84% | +17.59% | +22.25% | -0.16B |
| 2025-12-31 | $5.02B | 16 | +49.62% | +17.72% | +31.90% | +0.41B |
| 2025-09-30 | $4.25B | 14 | +28.52% | +17.52% | +11.00% | +0.04B |
| 2025-06-30 | $3.50B | 14 | +20.97% | +14.94% | +6.03% | -0.32B |
| 2025-03-31 | $3.44B | 14 | +11.37% | +8.30% | +3.06% | +0.04B |
| 2024-12-31 | $3.29B | 14 | +22.99% | +24.89% | -1.89% | -0.50B |
| 2024-09-30 | $4.06B | 15 | +58.21% | +36.04% | +22.18% | -0.07B |
| 2024-06-30 | $3.66B | 14 | +49.51% | +24.49% | +25.02% | +0.48B |
| 2024-03-31 | $3.11B | 13 | +58.38% | +29.62% | +28.75% | -0.09B |
| 2023-12-31 | $2.80B | 11 | +63.04% | +26.18% | +36.86% | +0.36B |
| 2023-09-30 | $2.04B | 10 | +51.48% | +21.57% | +29.92% | +0.39B |
| 2023-06-30 | $1.55B | 9 | +41.50% | +19.42% | +22.07% | -0.06B |
| 2023-03-31 | $1.49B | 12 | -9.90% | -7.82% | -2.08% | -0.28B |
| 2022-12-31 | $1.50B | 11 | +11.48% | +7.56% | +3.92% | -0.67B |
| 2022-09-30 | $1.95B | 12 | -0.31% | -4.93% | +4.62% | +0.10B |
| 2022-06-30 | $1.86B | 12 | -31.10% | -16.11% | -14.99% | +0.50B |