Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-16.24%
trims when stocks drop
when a holding falls −10%+
Middle response
-23.63%
baseline attrition
Rally response
-32.90%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| OZKBank OZK | $7M | 0.7% | +9.8% | 0.8 yr |
| RJFRaymond James Financial, | $7M | 0.7% | +5.2% | 0.3 yr |
| COSTCostco Wholesale Corpora | $7M | 0.7% | +5.9% | 1.3 yr |
| CBSHCommerce Bancshares, Inc | $7M | 0.7% | -19.4% | 1.0 yr |
| CPRTCopart, Inc. | $7M | 0.7% | -41.3% | 1.3 yr |
| SNASnap-on Incorporated | $7M | 0.7% | +10.7% | 1.5 yr |
| TROWT. Rowe Price Group, Inc | $7M | 0.7% | +3.4% | 1.0 yr |
| ROLRollins, Inc. | $6M | 0.7% | +0.0% | 1.0 yr |
| FLSFlowserve Corporation | $6M | 0.6% | +52.2% | 0.5 yr |
| FHBFirst Hawaiian, Inc. | $6M | 0.6% | +5.1% | 0.5 yr |
| PNRPentair plc | $6M | 0.6% | +0.6% | 0.8 yr |
| SSNCSS&C Technologies Holdin | $6M | 0.6% | -18.0% | 0.3 yr |
| CHDChurch & Dwight Co., Inc | $6M | 0.6% | -14.1% | 0.3 yr |
| ANAutoNation, Inc. | $6M | 0.6% | +20.6% | 0.8 yr |
| IOSPInnospec Inc. | $6M | 0.6% | -21.3% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional11.5%+3.3pp$115M
Industrial - Machinery4.0%+0.4pp$40M
Software - Application4.0%-0.6pp$39M
Unknown3.0%+1.2pp$30M
Oil & Gas Exploration & Production2.7%+0.6pp$27M
Software - Infrastructure2.5%-1.3pp$24M
Asset Management2.4%+1.1pp$24M
Engineering & Construction2.4%+1.3pp$24M
Residential Construction2.4%+1.4pp$24M
Chemicals - Specialty2.4%+1.2pp$24M
Country
US84.0%+2.1pp
CA5.4%-3.8pp
Unknown3.0%+1.2pp
BM1.9%+0.2pp
IE1.4%+0.8pp
GB1.3%+0.3pp
CH0.5%+0.1pp
IL0.5%+0.2pp
Top 5: 3.5% · Top 10: 6.8% · Top 25: 15.0%
Top buys this quarter · 15
| RJF Raymond James Financial, Inc.new | +$7M |
| FLS Flowserve Corporation | +$6M |
| SSNC SS&C Technologies Holdings, Innew | +$6M |
| CHD Church & Dwight Co., Inc.new | +$6M |
| AN AutoNation, Inc. | +$5M |
| B Barrick Mining Corporationnew | +$5M |
| BNS The Bank of Nova Scotia | +$5M |
| PNR Pentair plc | +$5M |
| AME AMETEK, Inc. | +$5M |
| SNA Snap-on Incorporated | +$5M |
Top sells this quarter · 15
| MMM 3M Company | −$13M |
| TXT Textron Inc. | −$7M |
| OSK Oshkosh Corporation | −$7M |
| RPM RPM International Inc. | −$6M |
| HON Honeywell International Inc.exit | −$6M |
| DOV Dover Corporation | −$5M |
| SWKS Skyworks Solutions, Inc. | −$5M |
| TPC Tutor Perini Corporation | −$1M |
| WSFS WSFS Financial Corporation | −$5M |
| HNI HNI Corporationexit | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $994M | 743 | +23.03% | +17.59% | +5.44% | +0.15B |
| 2025-12-31 | $829M | 607 | +12.02% | +17.72% | -5.70% | +0.09B |
| 2025-09-30 | $709M | 546 | +13.01% | +17.52% | -4.51% | -0.03B |
| 2025-06-30 | $694M | 438 | +14.84% | +14.94% | -0.10% | +0.12B |
| 2025-03-31 | $530M | 489 | +4.64% | +8.30% | -3.66% | +0.19B |
| 2024-12-31 | $364M | 388 | +18.15% | +24.89% | -6.73% | -0.03B |
| 2024-09-30 | $375M | 345 | +22.17% | +36.04% | -13.86% | +0.08B |
| 2024-06-30 | $275M | 311 | +5.97% | +24.49% | -18.52% | +0.05B |
| 2024-03-31 | $232M | 250 | +4.84% | +29.62% | -24.78% | -0.06B |
| 2023-12-31 | $282M | 232 | +5.40% | +26.18% | -20.78% | -0.05B |
| 2023-09-30 | $301M | 219 | -6.53% | -3.22% | -3.31% | -0.16B |
| 2023-06-30 | $490M | 159 | -1.85% | +8.68% | -10.53% | +0.20B |
| 2023-03-31 | $299M | 156 | +5.44% | +7.46% | -2.02% | +0.14B |
| 2022-12-31 | $147M | 111 | — | — | — | — |