Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.52%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.11%
baseline attrition
Rally response
-7.64%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AEISAdvanced Energy Industri | $49M | 3.0% | +239.4% | 10.5 yr |
| MTSIMACOM Technology Solutio | $46M | 2.8% | +121.2% | 7.5 yr |
| HASIHA Sustainable Infrastru | $38M | 2.3% | +31.4% | 8.3 yr |
| AERAerCap Holdings N.V. | $35M | 2.1% | +35.6% | 10.5 yr |
| AGIAlamos Gold Inc. | $34M | 2.1% | +66.7% | 10.5 yr |
| HQYHealthEquity, Inc. | $33M | 2.1% | -5.4% | 5.8 yr |
| HURNHuron Consulting Group I | $32M | 2.0% | -11.1% | 8.0 yr |
| LFUSLittelfuse, Inc. | $30M | 1.8% | +74.5% | 2.0 yr |
| ACIWACI Worldwide, Inc. | $27M | 1.7% | -25.0% | 10.5 yr |
| ITRIItron, Inc. | $26M | 1.6% | -14.4% | 10.5 yr |
| MMSIMerit Medical Systems, I | $26M | 1.6% | -34.8% | 10.5 yr |
| KNKnowles Corporation | $26M | 1.6% | +68.9% | 10.5 yr |
| SMGThe Scotts Miracle-Gro C | $23M | 1.4% | +15.8% | 1.0 yr |
| NBHCNational Bank Holdings C | $23M | 1.4% | +5.6% | 10.5 yr |
| PWPPerella Weinberg Partner | $22M | 1.4% | +0.1% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional11.7%+2.1pp$188M
Hardware, Equipment & Parts6.5%+1.3pp$105M
Medical - Instruments & Supplies4.4%-0.1pp$70M
Aerospace & Defense3.1%+1.3pp$51M
Medical - Care Facilities3.1%-1.1pp$50M
Electrical Equipment & Parts3.0%+1.4pp$49M
Communication Equipment3.0%-0.2pp$48M
Semiconductors3.0%+0.4pp$48M
Consulting Services2.8%-1.5pp$45M
Software - Infrastructure2.7%-1.4pp$44M
Country
US93.1%-1.1pp
IE2.4%-0.6pp
CA2.1%+0.1pp
Unknown1.5%+1.3pp
BM0.9%+0.3pp
Top 5: 12.5% · Top 10: 21.7% · Top 25: 41.9%
Top buys this quarter · 14
| PWP Perella Weinberg Partners | +$14M |
| NVST Envista Holdings Corpnew | +$8M |
| WWW Wolverine World Wide, Inc. | +$3M |
| CRL Charles River Laboratories Int | +$17M |
| CWST Casella Waste Systems, Inc. | +$16M |
| CUBI Customers Bancorp, Inc. | +$20M |
| QDEL QuidelOrtho Corporation | +$7M |
| ROG Rogers Corporation | +$0M |
| HGV Hilton Grand Vacations Inc. | +$12M |
| NSIT Insight Enterprises, Inc. | +$7M |
Top sells this quarter · 15
| DY Dycom Industries, Inc. | −$30M |
| CIEN Ciena Corporation | −$14M |
| AEIS Advanced Energy Industries, In | −$39M |
| MTSI MACOM Technology Solutions Hol | −$44M |
| AGI Alamos Gold Inc. | −$9M |
| AER AerCap Holdings N.V. | −$6M |
| OII Oceaneering International, Inc | −$6M |
| HASI HA Sustainable Infrastructure | −$37M |
| HURN Huron Consulting Group Inc. | −$5M |
| INSW International Seaways, Inc. | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.61B | 122 | +12.48% | +17.59% | -5.12% | -0.24B |
| 2025-12-31 | $1.82B | 125 | +2.66% | +17.72% | -15.06% | -0.17B |
| 2025-09-30 | $1.94B | 127 | -0.30% | +17.52% | -17.82% | -0.09B |
| 2025-06-30 | $1.96B | 127 | +3.18% | +14.94% | -11.76% | -0.12B |
| 2025-03-31 | $2.00B | 125 | -2.60% | +8.30% | -10.90% | -0.51B |
| 2024-12-31 | $2.70B | 127 | +9.56% | +24.89% | -15.32% | -0.31B |
| 2024-09-30 | $3.02B | 127 | +21.39% | +36.04% | -14.65% | -0.17B |
| 2024-06-30 | $2.97B | 126 | +7.64% | +24.49% | -16.85% | -0.26B |
| 2024-03-31 | $3.29B | 128 | +11.42% | +29.62% | -18.21% | -0.13B |
| 2023-12-31 | $3.27B | 131 | +8.30% | +26.18% | -17.88% | -0.15B |
| 2023-09-30 | $3.10B | 129 | +9.31% | +21.57% | -12.25% | -0.07B |
| 2023-06-30 | $3.33B | 132 | +12.10% | +19.42% | -7.32% | +0.04B |
| 2023-03-31 | $3.24B | 132 | -3.40% | -7.82% | +4.41% | +0.01B |
| 2022-12-31 | $3.17B | 133 | +11.34% | +7.56% | +3.78% | -0.12B |
| 2022-09-30 | $2.96B | 133 | -2.53% | -4.93% | +2.40% | -0.31B |
| 2022-06-30 | $3.35B | 133 | -12.44% | -16.11% | +3.67% | -0.12B |