Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.84%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.55%
baseline attrition
Rally response
-11.61%
trims into rallies
when a holding rises +10%+
Top positions · 22
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GMEDGlobus Medical, Inc. | $42M | 8.0% | +17.7% | 2.8 yr |
| GNRCGenerac Holdings Inc. | $41M | 7.7% | +54.2% | 1.0 yr |
| TNDMTandem Diabetes Care, In | $39M | 7.4% | +0.1% | 3.0 yr |
| LEALear Corporation | $38M | 7.3% | +41.3% | 10.5 yr |
| FLSFlowserve Corporation | $37M | 7.1% | +52.2% | 0.8 yr |
| NVSTEnvista Holdings Corp | $36M | 6.8% | +47.0% | 6.3 yr |
| WHDCactus, Inc. | $30M | 5.7% | +4.6% | 1.0 yr |
| MHKMohawk Industries, Inc. | $29M | 5.5% | -13.8% | 3.0 yr |
| GTESGates Industrial Corpora | $29M | 5.5% | +22.8% | 4.8 yr |
| DLODLocal Limited | $28M | 5.3% | +63.1% | 0.8 yr |
| ITTITT Inc. | $27M | 5.1% | +48.7% | 9.8 yr |
| LIVNLivaNova PLC | $27M | 5.0% | +61.8% | 9.3 yr |
| KNFKnife River Corporation | $25M | 4.8% | -9.5% | 0.5 yr |
| OPLNOPENLANE, Inc. | $23M | 4.4% | +51.2% | 5.3 yr |
| TRNSTranscat, Inc. | $18M | 3.5% | -1.3% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery25.4%+13.3pp$134M
Medical - Devices20.5%-2.0pp$108M
Software - Infrastructure7.8%+2.5pp$41M
Auto - Parts7.3%+1.5pp$38M
Medical - Equipment & Services6.8%-0.3pp$36M
Oil & Gas Equipment & Services5.7%+0.2pp$30M
Furnishings, Fixtures & Appliances5.5%+0.2pp$29M
Construction Materials4.8%$25M
Auto - Dealerships4.4%-4.5pp$23M
Industrial - Distribution3.5%-0.2pp$18M
Country
US84.1%+5.2pp
GB7.5%-7.6pp
UY5.3%
BM2.5%-0.7pp
Unknown0.5%-2.2pp
TW0.0%
BR0.0%+0.0pp
Top 5: 37.5% · Top 10: 66.3% · Top 25: 100.0%
Top buys this quarter · 5
| TRNS Transcat, Inc.new | +$18M |
| MGRC McGrath RentCorpnew | +$17M |
| MHK Mohawk Industries, Inc. | +$3M |
| DLO DLocal Limited | +$3M |
| NU Nu Holdings Ltd. | +$0M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactu | −$71M |
| EHAB Enhabit, Inc.exit | −$23M |
| NVST Envista Holdings Corp | −$8M |
| LIVN LivaNova PLC | −$6M |
| GMED Globus Medical, Inc. | −$3M |
| WHD Cactus, Inc. | −$2M |
| GNRC Generac Holdings Inc. | −$29M |
| TNDM Tandem Diabetes Care, Inc. | −$1M |
| LEA Lear Corporation | −$37M |
| FLS Flowserve Corporation | −$36M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $527M | 22 | +32.12% | +17.59% | +14.53% | -0.05B |
| 2025-12-31 | $513M | 21 | +4.59% | +17.72% | -13.12% | +0.02B |
| 2025-09-30 | $446M | 30 | -6.58% | +17.52% | -24.09% | -0.05B |
| 2025-06-30 | $492M | 26 | +3.04% | +14.94% | -11.90% | +0.02B |
| 2025-03-31 | $448M | 24 | -6.07% | +8.30% | -14.38% | -0.00B |
| 2024-12-31 | $504M | 25 | +16.45% | +24.89% | -8.43% | -0.06B |
| 2024-09-30 | $575M | 25 | +28.25% | +36.04% | -7.79% | -0.06B |
| 2024-06-30 | $566M | 28 | +3.65% | +24.49% | -20.84% | +0.02B |
| 2024-03-31 | $577M | 42 | -1.24% | +29.62% | -30.86% | -0.31B |
| 2023-12-31 | $796M | 44 | +5.14% | +26.18% | -21.04% | -0.47B |
| 2023-09-30 | $1.17B | 40 | +0.11% | +21.57% | -21.46% | -0.05B |
| 2023-06-30 | $1.34B | 40 | -16.65% | +19.42% | -36.08% | +0.15B |
| 2023-03-31 | $1.31B | 39 | -34.79% | -7.82% | -26.97% | -0.21B |
| 2022-12-31 | $1.29B | 40 | +3.54% | +7.56% | -4.02% | +0.08B |
| 2022-09-30 | $1.17B | 37 | -24.86% | -4.93% | -19.93% | +0.19B |
| 2022-06-30 | $1.31B | 35 | -28.98% | -16.11% | -12.87% | +0.09B |