Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.58%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.39%
steady accumulation
Rally response
-7.79%
trims into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $90M | 36.5% | — | 0.5 yr |
| AVAHAveanna Healthcare Holdi | $83M | 33.9% | +18.8% | 5.0 yr |
| BRSPBrightSpire Capital, Inc | $62M | 25.1% | +10.0% | 5.0 yr |
| COMMCommScope Holding Compan | $11M | 4.5% | — | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Unknown36.5%+31.9pp$90M
Medical - Care Facilities33.9%+10.0pp$83M
REIT - Diversified25.1%+3.3pp$62M
Communication Equipment4.5%-2.0pp$11M
Country
US63.5%-10.4pp
Unknown36.5%+31.9pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 2
| AVAH Aveanna Healthcare Holdings In | +$83M |
| — | +$90M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $245M | 4 | +50.89% | +17.59% | +33.30% | -0.19B |
| 2025-12-31 | $444M | 8 | +34.44% | +17.72% | +16.72% | +0.04B |
| 2025-09-30 | $370M | 7 | +8.42% | +17.52% | -9.09% | -0.02B |
| 2025-06-30 | $295M | 8 | -12.29% | +14.94% | -27.23% | -0.00B |
| 2025-03-31 | $280M | 10 | -24.07% | +8.30% | -32.37% | +0.06B |
| 2024-12-31 | $256M | 8 | -8.90% | +24.89% | -33.79% | -0.07B |
| 2024-09-30 | $366M | 10 | +20.90% | +36.04% | -15.14% | +0.00B |
| 2024-06-30 | $336M | 11 | +2.70% | +24.49% | -21.79% | +0.05B |
| 2024-03-31 | $312M | 8 | +34.28% | +29.62% | +4.66% | +0.04B |
| 2023-12-31 | $262M | 8 | +52.58% | +26.18% | +26.41% | -0.03B |
| 2023-09-30 | $250M | 6 | +37.88% | +21.57% | +16.31% | -0.02B |
| 2023-06-30 | $291M | 6 | +32.62% | +19.42% | +13.20% | -0.04B |
| 2023-03-31 | $273M | 7 | -20.10% | -7.82% | -12.28% | +0.07B |
| 2022-12-31 | $172M | 5 | +6.54% | +7.56% | -1.02% | -0.16B |
| 2022-09-30 | $308M | 8 | -11.80% | -4.93% | -6.87% | -0.03B |
| 2022-06-30 | $378M | 10 | -27.86% | -16.11% | -11.75% | +0.01B |