Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.22%
trims when stocks drop
when a holding falls −10%+
Middle response
-19.95%
baseline attrition
Rally response
-23.45%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GLDSPDR Gold Shares | $22M | 4.0% | — | 6.3 yr |
| GLWCorning Incorporated | $20M | 3.7% | +201.5% | 1.3 yr |
| WSOWatsco, Inc. | $15M | 2.7% | -26.4% | 2.0 yr |
| CEGConstellation Energy Cor | $15M | 2.7% | +39.2% | 0.5 yr |
| MCHPMicrochip Technology Inc | $14M | 2.6% | +37.5% | 1.3 yr |
| IRMIron Mountain Incorporat | $12M | 2.3% | +22.9% | 1.0 yr |
| CTRICenturi Holdings, Inc. | $12M | 2.2% | +78.2% | 0.5 yr |
| CRSCarpenter Technology Cor | $12M | 2.2% | +118.3% | 3.0 yr |
| VMCVulcan Materials Company | $11M | 2.0% | +17.5% | 1.8 yr |
| MIAXMiami International Hold | $11M | 2.0% | — | 0.8 yr |
| CLSCelestica Inc. | $10M | 1.9% | +257.4% | 2.0 yr |
| WTWisdomTree, Inc. | $10M | 1.9% | +64.7% | 0.5 yr |
| MSMMSC Industrial Direct Co | $10M | 1.9% | +22.7% | 1.0 yr |
| ODFLOld Dominion Freight Lin | $10M | 1.8% | +18.9% | 2.3 yr |
| CPSCooper-Standard Holdings | $9M | 1.7% | +81.9% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management9.6%+4.8pp$52M
Hardware, Equipment & Parts8.8%-0.2pp$48M
Financial - Capital Markets8.6%+6.6pp$47M
Semiconductors6.6%+2.1pp$36M
Industrial - Distribution4.5%$25M
Auto - Parts4.1%$22M
Software - Infrastructure4.1%+3.0pp$22M
Engineering & Construction3.7%-1.4pp$20M
Industrial - Machinery3.3%$18M
Renewable Utilities2.7%$15M
Country
US90.8%+3.7pp
CA4.0%-0.8pp
KY1.4%
SG1.1%
IL1.0%-1.2pp
Unknown0.9%-4.9pp
GB0.8%
Top 5: 15.7% · Top 10: 26.4% · Top 25: 51.3%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CLS | $22M | +0.06B | 257.4% |
| MTZ | $15M | +0.03B | 175.7% |
| CRS | $18M | +0.02B | 118.3% |
| OSIS | $21M | +0.01B | 36.6% |
| CORZ | $4M | +0.00B | 106.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| WSO Watsco, Inc. | +$12M |
| CEG Constellation Energy Corporati | +$9M |
| CPS Cooper-Standard Holdings Inc. | +$9M |
| MCHP Microchip Technology Incorpora | +$8M |
| BLSH Bullishnew | +$8M |
| CLSK CleanSpark, Inc. | +$7M |
| TLN Talen Energy Corporationnew | +$6M |
| DIOD Diodes Incorporatednew | +$6M |
| ETOR eToro Group Ltd. | +$6M |
| TECH Bio-Techne Corporation | +$5M |
Top sells this quarter · 15
| AAOI Applied Optoelectronics, Inc. | −$59M |
| GEO The GEO Group, Inc. | −$38M |
| SMG The Scotts Miracle-Gro Company | −$25M |
| AZZ AZZ Inc.exit | −$13M |
| CRCL Circle Internet Groupexit | −$13M |
| BLBD Blue Bird Corporationexit | −$11M |
| CVSA Covista Inc.exit | −$11M |
| WLY John Wiley & Sons, Inc.exit | −$11M |
| KN Knowles Corporation | −$11M |
| POWL Powell Industries, Inc. | −$10M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $544M | 100 | +54.24% | +17.59% | +36.65% | -0.04B |
| 2025-12-31 | $514M | 77 | +24.61% | +17.72% | +6.89% | -0.13B |
| 2025-09-30 | $659M | 94 | +38.18% | +17.52% | +20.66% | -0.14B |
| 2025-06-30 | $663M | 82 | +22.11% | +14.94% | +7.17% | +0.11B |
| 2025-03-31 | $477M | 54 | +6.36% | +8.30% | -1.94% | -0.20B |
| 2024-12-31 | $738M | 91 | +25.72% | +24.89% | +0.84% | -0.14B |
| 2024-09-30 | $807M | 93 | +30.87% | +36.04% | -5.17% | -0.29B |
| 2024-06-30 | $1.03B | 128 | +16.56% | +24.49% | -7.93% | -0.14B |
| 2024-03-31 | $1.17B | 122 | +19.41% | +29.62% | -10.22% | +0.15B |
| 2023-12-31 | $936M | 103 | +14.50% | +26.18% | -11.67% | +0.02B |
| 2023-09-30 | $809M | 118 | +11.38% | +21.57% | -10.19% | -0.41B |
| 2023-06-30 | $1.28B | 160 | +20.87% | +19.42% | +1.44% | +0.27B |
| 2023-03-31 | $979M | 135 | -1.10% | -7.82% | +6.72% | +0.02B |
| 2022-12-31 | $925M | 123 | +9.61% | +7.56% | +2.05% | -0.05B |
| 2022-09-30 | $894M | 130 | +2.96% | -4.93% | +7.88% | -0.24B |
| 2022-06-30 | $1.10B | 146 | -15.86% | -16.11% | +0.25% | +0.04B |