Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.91%
trims when stocks drop
when a holding falls −10%+
Middle response
+5.25%
steady accumulation
Rally response
-0.24%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLDSPDR Gold Shares | $14M | 2.2% | — | 6.0 yr |
| GEVGE Vernova Inc. | $14M | 2.1% | +186.8% | 2.0 yr |
| CCitigroup Inc. | $13M | 2.0% | +63.9% | 5.3 yr |
| MSMorgan Stanley | $12M | 1.9% | +44.8% | 6.3 yr |
| PMPhilip Morris Internatio | $12M | 1.8% | +7.9% | 10.3 yr |
| ETREntergy Corporation | $10M | 1.5% | +35.0% | 2.0 yr |
| GEGE Aerospace | $10M | 1.5% | +42.5% | 2.5 yr |
| FCXFreeport-McMoRan Inc. | $10M | 1.5% | +57.4% | 5.5 yr |
| BKRBaker Hughes Company | $9M | 1.4% | +41.7% | 3.8 yr |
| TSMTaiwan Semiconductor Man | $9M | 1.4% | +105.6% | 3.3 yr |
| COFCapital One Financial Co | $9M | 1.3% | +3.1% | 2.5 yr |
| JLLJones Lang LaSalle Incor | $8M | 1.3% | +22.8% | 3.0 yr |
| ULTAUlta Beauty, Inc. | $8M | 1.2% | +42.6% | 0.8 yr |
| RSReliance Steel & Aluminu | $8M | 1.2% | +7.0% | 8.3 yr |
| PHParker-Hannifin Corporat | $8M | 1.2% | +48.6% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management9.7%-0.9pp$64M
Hardware, Equipment & Parts5.5%+3.6pp$37M
Banks - Regional4.7%-0.6pp$31M
Semiconductors4.3%+2.7pp$29M
Banks - Diversified4.2%+0.6pp$28M
Financial - Capital Markets3.5%+0.2pp$23M
Industrial - Machinery3.3%+1.8pp$22M
Aerospace & Defense3.3%+1.1pp$22M
Regulated Electric3.0%-0.4pp$20M
Unknown2.5%+0.3pp$17M
Country
US90.9%+0.5pp
Unknown2.5%+0.3pp
IE1.7%
TW1.4%+0.6pp
GB1.1%-0.9pp
NL1.1%
BM0.6%-0.1pp
CA0.5%-0.6pp
Top 5: 9.8% · Top 10: 17.3% · Top 25: 35.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GEV | $8M | +0.02B | 186.8% |
| C | $8M | +0.01B | 63.9% |
| TSM | $5M | +0.00B | 105.6% |
| MS | $8M | +0.00B | 44.8% |
| FCX | $6M | +0.00B | 57.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| PCAR PACCAR Incnew | +$7M |
| ESI Element Solutions Incnew | +$6M |
| EL The Estée Lauder Companies Innew | +$5M |
| CRM Salesforce, Inc. | +$5M |
| SANM Sanmina Corporation | +$4M |
| NXPI NXP Semiconductors N.V. | +$4M |
| SM SM Energy Companynew | +$3M |
| ALNT Allient Inc.new | +$3M |
| WTTR Select Water Solutions, Inc.new | +$3M |
| GMED Globus Medical, Inc.new | +$2M |
Top sells this quarter · 15
| MOD Modine Manufacturing Company | −$11M |
| MMM 3M Companyexit | −$10M |
| NVT nVent Electric plc | −$8M |
| AMZN Amazon.com, Inc. | −$8M |
| WCC WESCO International, Inc.exit | −$6M |
| SNN Smith & Nephew plcexit | −$6M |
| MLI Mueller Industries, Inc. | −$5M |
| CLS Celestica Inc.exit | −$4M |
| PR Permian Resources Corporation | −$3M |
| EHC Encompass Health Corporationexit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $665M | 199 | +31.61% | +17.59% | +14.02% | -0.02B |
| 2025-12-31 | $657M | 189 | +22.80% | +17.72% | +5.08% | -0.01B |
| 2025-09-30 | $632M | 182 | +18.84% | +17.52% | +1.32% | +0.02B |
| 2025-06-30 | $560M | 182 | +16.62% | +14.94% | +1.67% | -0.03B |
| 2025-03-31 | $538M | 188 | +5.79% | +8.30% | -2.51% | -0.04B |
| 2024-12-31 | $596M | 205 | +23.64% | +24.89% | -1.24% | +0.03B |
| 2024-09-30 | $559M | 183 | +33.46% | +36.04% | -2.58% | +0.05B |
| 2024-06-30 | $471M | 182 | +21.15% | +24.49% | -3.34% | -0.00B |
| 2024-03-31 | $477M | 174 | +32.28% | +29.62% | +2.66% | -0.01B |
| 2023-12-31 | $425M | 166 | +21.60% | +26.18% | -4.58% | -0.00B |
| 2023-09-30 | $389M | 161 | +24.21% | +21.57% | +2.64% | -0.00B |
| 2023-06-30 | $401M | 164 | +21.81% | +19.42% | +2.39% | -0.01B |
| 2023-03-31 | $379M | 174 | -0.41% | -7.82% | +7.41% | +0.00B |
| 2022-12-31 | $358M | 172 | -9.40% | -18.17% | +8.78% | -0.00B |
| 2022-09-30 | $320M | 172 | -10.54% | -15.51% | +4.97% | -0.00B |
| 2022-06-30 | $338M | 178 | -5.81% | -10.62% | +4.82% | -0.01B |