Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.25%
trims when stocks drop
when a holding falls −10%+
Middle response
-18.32%
baseline attrition
Rally response
-15.21%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GEGE Aerospace | $81M | 12.4% | +42.5% | 0.8 yr |
| CSCOCisco Systems, Inc. | $51M | 7.8% | +28.1% | 0.8 yr |
| JBLJabil Inc. | $38M | 5.7% | +95.5% | 2.5 yr |
| AEISAdvanced Energy Industri | $37M | 5.6% | +239.4% | 0.3 yr |
| KEYSKeysight Technologies, I | $30M | 4.6% | +88.5% | 1.0 yr |
| GRMNGarmin Ltd. | $27M | 4.1% | +8.6% | 1.0 yr |
| FLEXFlex Ltd. | $27M | 4.1% | +97.9% | 2.3 yr |
| CRSCarpenter Technology Cor | $26M | 4.0% | +118.3% | 0.3 yr |
| BWABorgWarner Inc. | $23M | 3.5% | +92.1% | 0.3 yr |
| ASMLASML Holding N.V. | $21M | 3.2% | +100.9% | 0.5 yr |
| CATCaterpillar Inc. | $21M | 3.2% | +117.8% | 0.3 yr |
| ENTGEntegris, Inc. | $20M | 3.0% | +34.6% | 0.3 yr |
| SATSEchoStar Corporation | $18M | 2.7% | +357.7% | 0.3 yr |
| PANWPalo Alto Networks, Inc. | $17M | 2.6% | -6.0% | 1.0 yr |
| NETCloudflare, Inc. | $16M | 2.5% | +83.1% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Hardware, Equipment & Parts18.5%+13.4pp$122M
Communication Equipment15.8%+12.7pp$104M
Aerospace & Defense12.4%$81M
Software - Infrastructure10.4%+10.0pp$69M
Software - Application7.5%+6.5pp$49M
Semiconductors7.3%+2.9pp$48M
Electrical Equipment & Parts5.6%$37M
Manufacturing - Metal Fabrication4.0%$26M
Auto - Parts3.5%$23M
Agricultural - Machinery3.2%$21M
Country
US84.2%-5.1pp
SG5.3%
CH4.1%
NL3.2%
FI2.0%
GB1.1%-3.7pp
Top 5: 36.0% · Top 10: 55.0% · Top 25: 87.2%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ADSK | $9M | -0.00B | -8.6% |
Top buys this quarter · 15
| GE GE Aerospace | +$72M |
| AEIS Advanced Energy Industries, Innew | +$37M |
| JBL Jabil Inc. | +$35M |
| CSCO Cisco Systems, Inc. | +$29M |
| CRS Carpenter Technology Corporatinew | +$26M |
| BWA BorgWarner Inc.new | +$23M |
| CAT Caterpillar Inc.new | +$21M |
| ENTG Entegris, Inc.new | +$20M |
| FLEX Flex Ltd. | +$18M |
| SATS EchoStar Corporationnew | +$18M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactuexit | −$82M |
| CAH Cardinal Health, Inc. | −$74M |
| MSI Motorola Solutions, Inc. | −$73M |
| TEL TE Connectivity Ltd.exit | −$55M |
| NVDA NVIDIA Corporationexit | −$47M |
| CME CME Group Inc.exit | −$42M |
| WMT Walmart Inc.exit | −$36M |
| ECL Ecolab Inc.exit | −$35M |
| DOX Amdocs Limitedexit | −$32M |
| WM Waste Management, Inc.exit | −$28M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $657M | 41 | +38.43% | +17.59% | +20.84% | -0.41B |
| 2025-12-31 | $1.03B | 51 | +29.52% | +17.72% | +11.81% | +0.11B |
| 2025-09-30 | $856M | 33 | +31.47% | +17.52% | +13.95% | -1.16B |
| 2025-06-30 | $1.89B | 47 | +31.64% | +14.94% | +16.70% | +0.96B |
| 2025-03-31 | $805M | 32 | +21.94% | +8.30% | +13.63% | -0.63B |
| 2024-12-31 | $1.47B | 40 | +40.40% | +24.89% | +15.52% | +0.47B |
| 2024-09-30 | $916M | 34 | +43.53% | +36.04% | +7.49% | +0.13B |
| 2024-06-30 | $738M | 27 | +31.51% | +24.49% | +7.02% | -0.20B |
| 2024-03-31 | $871M | 36 | +35.40% | +29.62% | +5.78% | -0.15B |
| 2023-12-31 | $911M | 41 | +28.32% | +26.18% | +2.15% | +0.20B |
| 2023-09-30 | $637M | 36 | +21.51% | +21.57% | -0.05% | -0.41B |
| 2023-06-30 | $1.07B | 33 | +17.96% | +19.42% | -1.46% | +0.58B |
| 2023-03-31 | $442M | 38 | -5.96% | -7.82% | +1.86% | -0.02B |
| 2022-12-31 | $432M | 48 | +5.72% | +7.56% | -1.84% | +0.02B |
| 2022-09-30 | $388M | 60 | -4.74% | -4.93% | +0.19% | +0.09B |
| 2022-06-30 | $315M | 63 | -11.99% | -16.11% | +4.12% | -0.15B |