Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.31%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.41%
baseline attrition
Rally response
-17.57%
trims into rallies
when a holding rises +10%+
Top positions · 26
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AVTRAvantor, Inc. | $155M | 18.7% | -51.6% | 1.0 yr |
| NATLNCR Atleos Corporation | $113M | 13.6% | +65.2% | 2.0 yr |
| SUNCSunocoCorp LLC | $63M | 7.6% | — | 0.5 yr |
| DNOWDnow Inc. | $62M | 7.4% | -30.3% | 0.3 yr |
| BCOThe Brink's Company | $57M | 6.9% | +21.5% | 2.8 yr |
| KBRKBR, Inc. | $56M | 6.8% | -24.9% | 7.0 yr |
| OFIXOrthofix Medical Inc. | $50M | 6.1% | -29.7% | 2.5 yr |
| NXSTNexstar Media Group, Inc | $36M | 4.3% | +4.7% | 10.3 yr |
| SEASSeaWorld Entertainment, | $34M | 4.1% | — | 4.5 yr |
| CMPCompass Minerals Interna | $34M | 4.1% | +151.3% | 0.5 yr |
| FOXFFox Factory Holding Corp | $33M | 4.0% | -29.5% | 0.5 yr |
| — | $23M | 2.8% | — | 1.3 yr |
| MAGNMagnera Corp. | $21M | 2.6% | -47.6% | 1.5 yr |
| UNFUniFirst Corporation | $19M | 2.2% | +45.6% | 1.0 yr |
| SONOSonos, Inc. | $17M | 2.0% | +25.6% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Medical - Instruments & Supplies18.7%+16.5pp$155M
Software - Application14.2%-3.2pp$117M
Oil & Gas Midstream7.6%$63M
Oil & Gas Equipment & Services7.4%$62M
Security & Protection Services6.9%+6.2pp$57M
Engineering & Construction6.8%+3.8pp$56M
Medical - Devices6.4%-5.1pp$53M
Auto - Parts5.4%-6.1pp$45M
Leisure4.8%+0.1pp$40M
Entertainment4.3%-1.9pp$36M
Country
US95.6%+1.5pp
Unknown2.8%-3.0pp
IL1.6%+1.5pp
Top 5: 54.2% · Top 10: 79.6% · Top 25: 100.0%
Top buys this quarter · 11
| AVTR Avantor, Inc. | +$62M |
| DNOW Dnow Inc.new | +$62M |
| BCO The Brink's Company | +$53M |
| KBR KBR, Inc. | +$52M |
| CMP Compass Minerals International | +$25M |
| FOXF Fox Factory Holding Corp. | +$21M |
| FVRR Fiverr International Ltd. | +$13M |
| WEAV Weave Communications, Inc.new | +$5M |
| BVS Bioventus Inc.new | +$3M |
| OFIX Orthofix Medical Inc. | +$50M |
Top sells this quarter · 9
| UNF UniFirst Corporation | −$97M |
| CZR Caesars Entertainment, Inc.exit | −$22M |
| SUNC SunocoCorp LLC | −$22M |
| ACHC Acadia Healthcare Company, Incexit | −$8M |
| MGM MGM Resorts International | −$2M |
| LAUR Laureate Education, Inc.exit | −$1M |
| — | −$0M |
| CIO City Office REIT, Inc.exit | −$0M |
| THS TreeHouse Foods, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $828M | 26 | +1.57% | +17.59% | -16.03% | +0.13B |
| 2025-12-31 | $724M | 28 | +0.12% | +17.72% | -17.60% | -0.06B |
| 2025-09-30 | $842M | 27 | +15.36% | +17.52% | -2.16% | +0.32B |
| 2025-06-30 | $473M | 28 | +13.01% | +14.94% | -1.93% | -0.07B |
| 2025-03-31 | $528M | 33 | +9.07% | +8.30% | +0.76% | +0.01B |
| 2024-12-31 | $547M | 36 | +28.45% | +24.89% | +3.56% | -0.07B |
| 2024-09-30 | $577M | 38 | +35.39% | +36.04% | -0.64% | -0.00B |
| 2024-06-30 | $534M | 36 | +23.20% | +24.49% | -1.29% | +0.04B |
| 2024-03-31 | $495M | 39 | +40.23% | +29.62% | +10.61% | -0.18B |
| 2023-12-31 | $606M | 38 | +37.39% | +26.18% | +11.21% | +0.10B |
| 2023-09-30 | $449M | 39 | +40.30% | +21.57% | +18.73% | +0.04B |
| 2023-06-30 | $412M | 36 | +34.52% | +19.42% | +15.09% | +0.03B |
| 2023-03-31 | $339M | 38 | -10.20% | -7.82% | -2.38% | -0.03B |
| 2022-12-31 | $342M | 36 | +15.28% | +7.56% | +7.72% | -0.00B |
| 2022-09-30 | $301M | 44 | -4.94% | -4.93% | -0.01% | +0.07B |
| 2022-06-30 | $239M | 39 | -24.81% | -16.11% | -8.70% | -0.02B |