Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+13.17%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.54%
baseline attrition
Rally response
-7.15%
trims into rallies
when a holding rises +10%+
Top positions · 22
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ELANElanco Animal Health Inc | $31M | 10.0% | +127.9% | 1.3 yr |
| GOOGAlphabet Inc. | $23M | 7.6% | +84.3% | 5.3 yr |
| SHLSShoals Technologies Grou | $20M | 6.5% | +98.2% | 2.3 yr |
| HUMHumana Inc. | $20M | 6.4% | -33.8% | 1.5 yr |
| FSLRFirst Solar, Inc. | $19M | 6.0% | +56.0% | 1.5 yr |
| — | $18M | 5.8% | — | 1.8 yr |
| XYLXylem Inc. | $17M | 5.6% | +1.3% | 0.3 yr |
| IEXIDEX Corporation | $17M | 5.6% | +6.4% | 0.8 yr |
| IQVIQVIA Holdings Inc. | $16M | 5.1% | -3.3% | 1.3 yr |
| IFFInternational Flavors & | $16M | 5.1% | -4.3% | 2.3 yr |
| FIFiserv, Inc. | $14M | 4.6% | — | 5.3 yr |
| QCOMQUALCOMM Incorporated | $14M | 4.5% | -14.2% | 5.5 yr |
| BACBank of America Corporat | $12M | 3.9% | +19.4% | 5.5 yr |
| AMRCAmeresco, Inc. | $12M | 3.9% | +111.1% | 2.5 yr |
| ICFIICF International, Inc. | $12M | 3.8% | -22.8% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Solar16.1%+4.1pp$50M
Industrial - Machinery14.4%+10.7pp$45M
Drug Manufacturers - Specialty & Generic10.0%+6.7pp$31M
Semiconductors7.8%+2.1pp$24M
Internet Content & Information7.6%+0.5pp$23M
Medical - Healthcare Plans6.4%+0.5pp$20M
Unknown5.8%+1.6pp$18M
Medical - Diagnostics & Research5.1%+1.8pp$16M
Chemicals - Specialty5.1%-1.0pp$16M
Information Technology Services4.6%-3.2pp$14M
Country
US92.9%+2.8pp
Unknown5.8%+1.6pp
FR1.3%-4.4pp
Top 5: 36.4% · Top 10: 63.8% · Top 25: 100.0%
Top buys this quarter · 9
| FI Fiserv, Inc. | +$0M |
| — | +$0M |
| XYL Xylem Inc.new | +$17M |
| UCTT Ultra Clean Holdings, Inc.new | +$10M |
| IQV IQVIA Holdings Inc. | +$8M |
| SHLS Shoals Technologies Group, Inc | +$20M |
| ICFI ICF International, Inc. | +$12M |
| HUM Humana Inc. | +$20M |
| BRO Brown & Brown, Inc. | +$2M |
Top sells this quarter · 11
| POR Portland General Electric Compexit | −$17M |
| MRK Merck & Co., Inc. | −$13M |
| PYPL PayPal Holdings, Inc.exit | −$7M |
| ELAN Elanco Animal Health Incorpora | −$6M |
| GNRC Generac Holdings Inc. | −$6M |
| SNY Sanofi | −$5M |
| GOOG Alphabet Inc. | −$1M |
| BAC Bank of America Corporation | −$1M |
| AMRC Ameresco, Inc. | −$1M |
| FSLR First Solar, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $310M | 22 | +34.52% | +17.59% | +16.93% | -0.01B |
| 2025-12-31 | $351M | 22 | +30.53% | +17.72% | +12.81% | -0.03B |
| 2025-09-30 | $349M | 21 | +10.34% | +17.52% | -7.17% | -0.02B |
| 2025-06-30 | $301M | 22 | -3.90% | +14.94% | -18.85% | -0.01B |
| 2025-03-31 | $279M | 23 | -13.18% | +8.30% | -21.48% | -0.01B |
| 2024-12-31 | $323M | 23 | +4.28% | +24.89% | -20.60% | -0.01B |
| 2024-09-30 | $368M | 22 | +26.70% | +36.04% | -9.34% | +0.02B |
| 2024-06-30 | $319M | 26 | +14.50% | +24.49% | -9.99% | +0.00B |
| 2024-03-31 | $321M | 27 | +24.54% | +29.62% | -5.08% | +0.03B |
| 2023-12-31 | $271M | 25 | +25.00% | +26.18% | -1.18% | -0.01B |
| 2023-09-30 | $249M | 27 | +22.90% | +21.57% | +1.33% | +0.02B |
| 2023-06-30 | $236M | 27 | +19.16% | +19.42% | -0.26% | +0.01B |
| 2023-03-31 | $210M | 27 | -4.12% | -7.82% | +3.70% | -0.01B |
| 2022-12-31 | $201M | 25 | +8.95% | +7.56% | +1.39% | +0.00B |
| 2022-09-30 | $182M | 26 | -5.72% | -4.93% | -0.79% | +0.01B |
| 2022-06-30 | $184M | 25 | -13.04% | -16.11% | +3.07% | +0.01B |