Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.45%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.70%
baseline attrition
Rally response
-0.60%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CLHClean Harbors, Inc. | $59M | 9.6% | +45.5% | 10.5 yr |
| LKQLKQ Corporation | $41M | 6.7% | -28.4% | 10.5 yr |
| KEXKirby Corporation | $39M | 6.3% | +31.6% | 2.8 yr |
| BILState Street SPDR Bloomb | $38M | 6.1% | — | 3.5 yr |
| CRH.LCRH plc | $35M | 5.7% | — | 2.3 yr |
| — | $35M | 5.7% | — | 0.3 yr |
| SGISomnigroup International | $30M | 4.9% | +24.4% | 1.5 yr |
| KNXKnight-Swift Transportat | $28M | 4.6% | +34.4% | 8.8 yr |
| AZOAutoZone, Inc. | $28M | 4.6% | -11.4% | 6.5 yr |
| BCBrunswick Corporation | $26M | 4.2% | +38.7% | 1.0 yr |
| CIENCiena Corporation | $25M | 4.0% | +542.4% | 1.8 yr |
| DYDycom Industries, Inc. | $23M | 3.8% | +122.4% | 4.8 yr |
| HQYHealthEquity, Inc. | $21M | 3.4% | -5.4% | 1.0 yr |
| — | $20M | 3.3% | — | 3.0 yr |
| FHNFirst Horizon Corporatio | $16M | 2.6% | +20.6% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Waste Management9.6%+3.1pp$59M
Unknown9.0%+4.4pp$55M
Auto - Parts6.7%-0.3pp$41M
Construction Materials6.6%-0.4pp$40M
Marine Shipping6.3%-0.7pp$39M
Asset Management6.2%-6.6pp$38M
Engineering & Construction6.0%+3.8pp$36M
Household & Personal Products4.9%+0.2pp$30M
Banks - Regional4.7%-3.1pp$29M
Trucking4.6%+2.5pp$28M
Country
US85.3%-4.8pp
Unknown9.0%+4.4pp
IE5.7%+0.4pp
Top 5: 34.4% · Top 10: 58.4% · Top 25: 95.1%
Top buys this quarter · 15
| KNX Knight-Swift Transportation Ho | +$18M |
| GNRC Generac Holdings Inc. | +$12M |
| SNEX StoneX Group Inc. | +$5M |
| HROW Harrow Health, Inc. | +$3M |
| LKQ LKQ Corporation | +$2M |
| DY Dycom Industries, Inc. | +$0M |
| FBK FB Financial Corporation | +$13M |
| EXP Eagle Materials Inc. | +$5M |
| GOLF Acushnet Holdings Corp. | +$0M |
| GVA Granite Construction Incorpora | +$0M |
Top sells this quarter · 15
| CIEN Ciena Corporation | −$45M |
| PNFP Pinnacle Financial Partners, Iexit | −$36M |
| AXTA Axalta Coating Systems Ltd.exit | −$6M |
| IIIV i3 Verticals, Inc. | −$2M |
| CLH Clean Harbors, Inc. | −$49M |
| SGI Somnigroup International Inc | −$1M |
| AZO AutoZone, Inc. | −$1M |
| FHN First Horizon Corporation | −$1M |
| KEX Kirby Corporation | −$33M |
| MAS Masco Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $611M | 32 | +21.44% | +17.59% | +3.84% | -0.03B |
| 2025-12-31 | $607M | 32 | +9.67% | +17.72% | -8.05% | -0.01B |
| 2025-09-30 | $591M | 30 | +3.63% | +17.52% | -13.88% | -0.02B |
| 2025-06-30 | $582M | 30 | +7.95% | +14.94% | -6.99% | -0.03B |
| 2025-03-31 | $587M | 29 | +0.17% | +8.30% | -8.13% | +0.00B |
| 2024-12-31 | $607M | 31 | +15.82% | +24.89% | -9.07% | +0.02B |
| 2024-09-30 | $593M | 30 | +28.16% | +36.04% | -7.87% | -0.00B |
| 2024-06-30 | $548M | 30 | +15.33% | +24.49% | -9.16% | -0.01B |
| 2024-03-31 | $577M | 29 | +23.10% | +29.62% | -6.53% | -0.01B |
| 2023-12-31 | $532M | 32 | +18.03% | +26.18% | -8.14% | -0.00B |
| 2023-09-30 | $488M | 33 | +14.30% | +21.57% | -7.27% | +0.00B |
| 2023-06-30 | $496M | 33 | +15.85% | +19.42% | -3.57% | +0.00B |
| 2023-03-31 | $478M | 30 | +3.30% | -7.82% | +11.12% | -0.01B |
| 2022-12-31 | $457M | 28 | +6.43% | +7.56% | -1.14% | +0.08B |
| 2022-09-30 | $358M | 28 | -0.61% | -4.93% | +4.31% | -0.04B |
| 2022-06-30 | $397M | 28 | -8.35% | -16.11% | +7.76% | -0.00B |