Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.83%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.90%
steady accumulation
Rally response
-20.75%
trims into rallies
when a holding rises +10%+
Top positions · 26
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ONTOOnto Innovation Inc. | $40M | 10.1% | +69.0% | 4.0 yr |
| UCTTUltra Clean Holdings, In | $26M | 6.7% | +190.4% | 8.5 yr |
| PIIPolaris Inc. | $26M | 6.6% | +40.0% | 1.5 yr |
| BCBrunswick Corporation | $25M | 6.5% | +38.7% | 5.5 yr |
| LITELumentum Holdings Inc. | $25M | 6.3% | +1027.3% | 7.5 yr |
| OECOrion Engineered Carbons | $23M | 5.9% | -49.1% | 5.3 yr |
| — | $22M | 5.7% | — | 3.0 yr |
| KLICKulicke and Soffa Indust | $21M | 5.3% | +103.0% | 6.8 yr |
| PDFSPDF Solutions, Inc. | $20M | 5.2% | +71.2% | 9.3 yr |
| MKSIMKS Inc. | $20M | 5.0% | +188.8% | 1.0 yr |
| CALXCalix, Inc. | $17M | 4.2% | +38.2% | 6.3 yr |
| RXORXO, Inc. | $15M | 3.9% | -23.5% | 3.3 yr |
| BOXBox, Inc. | $15M | 3.8% | -23.4% | 6.3 yr |
| VERXVertex, Inc. | $14M | 3.6% | -66.0% | 0.5 yr |
| MCFTMasterCraft Boat Holding | $14M | 3.6% | +19.1% | 7.5 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors23.3%+4.2pp$92M
Software - Application21.7%-1.2pp$85M
Auto - Recreational Vehicles16.7%+1.5pp$66M
Hardware, Equipment & Parts9.2%+1.6pp$36M
Communication Equipment7.4%+1.0pp$29M
Chemicals - Specialty5.9%+0.7pp$23M
Unknown5.7%-2.1pp$22M
Trucking3.9%-0.6pp$15M
Apparel - Retail3.1%-4.5pp$12M
Restaurants1.6%$6M
Country
US82.1%+4.1pp
LU5.9%+0.7pp
Unknown5.7%-2.1pp
SG5.3%-2.3pp
KY1.0%+0.2pp
Top 5: 36.2% · Top 10: 63.3% · Top 25: 99.8%
Top buys this quarter · 14
| BIGC BigCommerce Holdings, Inc. | +$10M |
| VERX Vertex, Inc. | +$11M |
| BOX Box, Inc. | +$11M |
| RXO RXO, Inc. | +$7M |
| DIN Dine Brands Global, Inc.new | +$6M |
| WEAV Weave Communications, Inc. | +$6M |
| OEC Orion Engineered Carbons S.A. | +$5M |
| PII Polaris Inc. | +$4M |
| BC Brunswick Corporation | +$3M |
| CALX Calix, Inc. | +$2M |
Top sells this quarter · 12
| — | −$0M |
| LITE Lumentum Holdings Inc. | −$36M |
| UCTT Ultra Clean Holdings, Inc. | −$24M |
| LASR nLIGHT, Inc. | −$11M |
| KLIC Kulicke and Soffa Industries, | −$11M |
| COHU Cohu, Inc.exit | −$7M |
| PDFS PDF Solutions, Inc. | −$4M |
| ONTO Onto Innovation Inc. | −$34M |
| VIAV Viavi Solutions Inc. | −$3M |
| SFIX Stitch Fix, Inc.exit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $392M | 26 | +119.66% | +17.59% | +102.07% | -0.07B |
| 2025-12-31 | $356M | 26 | +25.55% | +17.72% | +7.83% | -0.09B |
| 2025-09-30 | $368M | 25 | +4.34% | +17.52% | -13.17% | -0.17B |
| 2025-06-30 | $432M | 26 | -17.26% | +14.94% | -32.20% | -0.00B |
| 2025-03-31 | $385M | 29 | -25.70% | +8.30% | -34.00% | +0.04B |
| 2024-12-31 | $461M | 30 | +0.71% | +24.89% | -24.17% | -0.08B |
| 2024-09-30 | $542M | 31 | +12.50% | +36.04% | -23.53% | +0.02B |
| 2024-06-30 | $528M | 34 | -18.80% | +24.49% | -43.29% | -0.00B |
| 2024-03-31 | $521M | 34 | -25.57% | +29.62% | -55.19% | -0.03B |
| 2023-12-31 | $543M | 32 | -22.73% | +26.18% | -48.91% | +0.03B |
| 2023-09-30 | $457M | 33 | -13.83% | +21.57% | -35.40% | +0.12B |
| 2023-06-30 | $474M | 33 | +6.83% | +19.42% | -12.60% | +0.07B |
| 2023-03-31 | $434M | 33 | -9.55% | -7.82% | -1.73% | +0.01B |
| 2022-12-31 | $409M | 32 | +24.51% | +7.56% | +16.95% | -0.01B |
| 2022-09-30 | $340M | 29 | -12.29% | -4.93% | -7.36% | +0.07B |
| 2022-06-30 | $309M | 31 | -21.05% | -16.11% | -4.94% | +0.05B |