Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.29%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.98%
steady accumulation
Rally response
-4.70%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| 0HVP.LLumen Technologies, Inc. | $88M | 11.6% | — | 8.5 yr |
| CGNXCognex Corporation | $65M | 8.6% | +65.5% | 10.0 yr |
| — | $55M | 7.3% | — | 8.5 yr |
| GEVGE Vernova Inc. | $40M | 5.3% | +186.8% | 2.0 yr |
| VOOVanguard S&P 500 ETF | $40M | 5.3% | — | 9.8 yr |
| MTWThe Manitowoc Company, I | $39M | 5.1% | +35.6% | 8.0 yr |
| LITELumentum Holdings Inc. | $37M | 4.9% | +1027.3% | 7.8 yr |
| BRK-BBerkshire Hathaway Inc. | $29M | 3.8% | — | 9.5 yr |
| CIENCiena Corporation | $23M | 3.1% | +542.4% | 10.0 yr |
| GLWCorning Incorporated | $23M | 3.1% | +201.5% | 10.0 yr |
| DHRDanaher Corporation | $22M | 3.0% | -7.1% | 9.3 yr |
| BAXBaxter International Inc | $22M | 3.0% | -50.2% | 0.8 yr |
| COHRCoherent, Inc. | $21M | 2.8% | +266.8% | 3.8 yr |
| IPInternational Paper Comp | $20M | 2.7% | -30.2% | 1.5 yr |
| BRKSBrooks Automation, Inc. | $19M | 2.5% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Hardware, Equipment & Parts15.3%+2.7pp$115M
Telecommunications Services11.7%+2.7pp$88M
Unknown8.3%-2.4pp$63M
Communication Equipment8.0%+5.5pp$60M
Agricultural - Machinery7.3%-0.6pp$55M
Asset Management6.8%-2.3pp$51M
Renewable Utilities5.3%+2.0pp$40M
Insurance - Diversified3.8%-6.1pp$29M
Medical - Diagnostics & Research3.0%-1.9pp$22M
Medical - Instruments & Supplies3.0%$22M
Country
US91.7%+2.7pp
Unknown8.3%-2.4pp
IE0.0%-0.0pp
Top 5: 38.2% · Top 10: 58.2% · Top 25: 89.9%
Top buys this quarter · 15
| BAX Baxter International Inc. | +$14M |
| IP International Paper Company | +$12M |
| ENOV Enovis Corporation | +$9M |
| HNI HNI Corporation | +$6M |
| MTW The Manitowoc Company, Inc. | +$39M |
| CGNX Cognex Corporation | +$1M |
| PGR The Progressive Corporation | +$1M |
| MKL Markel Corporation | +$3M |
| GPN Global Payments Inc. | +$4M |
| MSFT Microsoft Corporation | +$4M |
Top sells this quarter · 15
| LITE Lumentum Holdings Inc. | −$35M |
| CIEN Ciena Corporation | −$20M |
| GEV GE Vernova Inc. | −$34M |
| COST Costco Wholesale Corporation | −$5M |
| GLW Corning Incorporated | −$18M |
| JOE The St. Joe Company | −$3M |
| COHR Coherent, Inc. | −$18M |
| FFH.TO Fairfax Financial Holdings Limexit | −$2M |
| NUE Nucor Corporation | −$2M |
| TEX Terex Corporation | −$13M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $754M | 73 | +68.31% | +17.59% | +50.72% | -0.08B |
| 2025-12-31 | $704M | 73 | +28.95% | +17.72% | +11.23% | -0.02B |
| 2025-09-30 | $648M | 72 | +12.56% | +17.52% | -4.96% | +0.06B |
| 2025-06-30 | $522M | 70 | +4.14% | +14.94% | -10.80% | -0.07B |
| 2025-03-31 | $524M | 63 | -10.69% | +8.30% | -18.99% | +0.00B |
| 2024-12-31 | $576M | 68 | +3.71% | +24.89% | -21.18% | -0.03B |
| 2024-09-30 | $618M | 67 | +16.48% | +36.04% | -19.56% | +0.08B |
| 2024-06-30 | $522M | 72 | +5.48% | +24.49% | -19.01% | +0.00B |
| 2024-03-31 | $532M | 70 | +16.23% | +29.62% | -13.40% | +0.01B |
| 2023-12-31 | $501M | 94 | +26.91% | +26.18% | +0.73% | +0.01B |
| 2023-09-30 | $447M | 89 | +26.84% | +21.57% | +5.27% | +0.02B |
| 2023-06-30 | $453M | 63 | +21.46% | +19.42% | +2.04% | -0.01B |
| 2023-03-31 | $433M | 67 | -15.46% | -7.82% | -7.65% | -0.04B |
| 2022-12-31 | $416M | 65 | -29.78% | -18.17% | -11.60% | -0.02B |
| 2022-09-30 | $395M | 67 | -28.56% | -15.51% | -13.06% | +0.01B |
| 2022-06-30 | $422M | 62 | -20.40% | -10.62% | -9.78% | +0.02B |