Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.95%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.08%
baseline attrition
Rally response
-1.97%
trims into rallies
when a holding rises +10%+
Top positions · 24
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| WABWestinghouse Air Brake T | $58M | 9.4% | +38.5% | 9.3 yr |
| PRIMPrimoris Services Corpor | $57M | 9.3% | +149.7% | 9.3 yr |
| MKSIMKS Inc. | $56M | 9.1% | +188.8% | 9.3 yr |
| MTDRMatador Resources Compan | $53M | 8.5% | +27.6% | 9.3 yr |
| EMEEMCOR Group, Inc. | $52M | 8.5% | +100.2% | 9.3 yr |
| ROLRollins, Inc. | $50M | 8.1% | +0.0% | 9.3 yr |
| XOMExxon Mobil Corporation | $49M | 7.9% | +47.6% | 2.0 yr |
| ONTOOnto Innovation Inc. | $31M | 5.0% | +69.0% | 6.5 yr |
| TTEKTetra Tech, Inc. | $27M | 4.4% | +3.7% | 9.3 yr |
| CSGSCSG Systems Internationa | $27M | 4.4% | +34.6% | 9.3 yr |
| AITApplied Industrial Techn | $25M | 4.0% | +18.6% | 9.3 yr |
| EOGEOG Resources, Inc. | $18M | 2.9% | +16.9% | 6.5 yr |
| EEFTEuronet Worldwide, Inc. | $16M | 2.6% | -37.9% | 2.0 yr |
| ACIWACI Worldwide, Inc. | $15M | 2.4% | -25.0% | 5.8 yr |
| GPNGlobal Payments Inc. | $14M | 2.4% | -30.4% | 9.3 yr |
Portfolio composition (YoY)
Industry mix
Engineering & Construction23.3%+5.4pp$144M
Oil & Gas Exploration & Production11.4%-2.5pp$71M
Software - Infrastructure10.9%+1.5pp$67M
Railroads9.4%+1.4pp$58M
Hardware, Equipment & Parts9.1%+4.7pp$56M
Personal Products & Services8.1%-1.5pp$50M
Oil & Gas Integrated7.9%+0.9pp$49M
Semiconductors5.0%+1.8pp$31M
Industrial - Distribution4.0%-1.3pp$25M
Financial - Credit Services2.4%-2.4pp$14M
Country
US100.0%+0.0pp
Top 5: 44.8% · Top 10: 74.5% · Top 25: 100.0%
Top buys this quarter · 8
| MTDR Matador Resources Company | +$4M |
| ACM Aecom | +$4M |
| DOX Amdocs Limited | +$4M |
| EEFT Euronet Worldwide, Inc. | +$3M |
| ALG Alamo Group Inc.new | +$2M |
| FIS Fidelity National Information | +$8M |
| VC Visteon Corporation | +$1M |
| ACIW ACI Worldwide, Inc. | +$15M |
Top sells this quarter · 14
| EME EMCOR Group, Inc. | −$21M |
| MKSI MKS Inc. | −$48M |
| MSM MSC Industrial Direct Co., Incexit | −$7M |
| DVN Devon Energy Corporationexit | −$7M |
| TDW Tidewater Inc.exit | −$5M |
| NSP Insperity, Inc.exit | −$5M |
| CTRA Coterra Energy Inc.exit | −$5M |
| XOM Exxon Mobil Corporation | −$38M |
| PRIM Primoris Services Corporation | −$53M |
| THO Thor Industries, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $617M | 24 | +33.23% | +17.59% | +15.64% | -0.05B |
| 2025-12-31 | $598M | 29 | +10.93% | +17.72% | -6.79% | -0.03B |
| 2025-09-30 | $624M | 32 | +9.15% | +17.52% | -8.36% | -0.00B |
| 2025-06-30 | $566M | 32 | +4.00% | +14.94% | -10.95% | -0.00B |
| 2025-03-31 | $533M | 34 | -3.79% | +8.30% | -12.10% | -0.00B |
| 2024-12-31 | $572M | 34 | +19.33% | +24.89% | -5.56% | +0.00B |
| 2024-09-30 | $572M | 32 | +32.76% | +36.04% | -3.28% | -0.00B |
| 2024-06-30 | $547M | 30 | +26.10% | +24.49% | +1.61% | -0.01B |
| 2024-03-31 | $565M | 28 | +39.43% | +29.62% | +9.81% | -0.01B |
| 2023-12-31 | $497M | 29 | +24.50% | +26.18% | -1.68% | -0.00B |
| 2023-09-30 | $453M | 27 | +24.65% | +21.57% | +3.08% | +0.01B |
| 2023-06-30 | $448M | 27 | +20.50% | +19.42% | +1.08% | -0.01B |
| 2023-03-31 | $421M | 32 | -3.13% | -7.82% | +4.68% | -0.03B |
| 2022-12-31 | $439M | 43 | +10.83% | +7.56% | +3.27% | -0.00B |
| 2022-09-30 | $398M | 43 | -3.45% | -4.93% | +1.48% | -0.01B |
| 2022-06-30 | $421M | 50 | -12.42% | -16.11% | +3.69% | -0.00B |