Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.06%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.62%
baseline attrition
Rally response
-0.24%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $34M | 32.5% | — | 3.5 yr |
| APGAPi Group Corporation | $10M | 9.4% | +70.0% | 6.0 yr |
| CRH.LCRH plc | $7M | 6.4% | — | 2.8 yr |
| GFLGFL Environmental Inc. | $5M | 4.8% | -13.5% | 5.8 yr |
| YNDXYandex N.V. | $5M | 4.7% | — | 1.3 yr |
| — | $5M | 4.7% | — | 0.5 yr |
| KINSKingstone Companies, Inc | $5M | 4.7% | -11.6% | 1.8 yr |
| GLDSPDR Gold Shares | $4M | 4.2% | — | 0.3 yr |
| ASHAshland Inc. | $4M | 3.6% | -3.4% | 8.0 yr |
| FIPFTAI Infrastructure Inc. | $3M | 3.1% | +11.8% | 3.8 yr |
| ORNOrion Group Holdings, In | $3M | 2.6% | +108.4% | 1.8 yr |
| — | $2M | 2.1% | — | 0.3 yr |
| AGMFederal Agricultural Mor | $2M | 1.6% | -18.1% | 6.0 yr |
| AVDAmerican Vanguard Corpor | $1M | 1.4% | -43.4% | 4.8 yr |
| NNNextNav Inc. | $1M | 1.4% | +31.6% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Unknown41.9%+2.3pp$43M
Engineering & Construction12.0%-2.7pp$12M
Construction Materials6.4%-3.5pp$7M
Internet Content & Information6.3%+3.6pp$7M
Waste Management5.4%$6M
Asset Management4.8%-0.1pp$5M
Insurance - Property & Casualty4.7%+2.2pp$5M
Chemicals - Specialty3.6%+0.8pp$4M
Conglomerates3.1%+0.6pp$3M
Financial - Credit Services2.4%+0.4pp$2M
Country
Unknown41.9%+2.3pp
US41.0%-8.3pp
IE6.4%-3.5pp
CA6.1%
RU4.7%+3.6pp
Top 5: 57.7% · Top 10: 78.1% · Top 25: 95.7%
Top buys this quarter · 13
| ASH Ashland Inc. | +$2M |
| KD Kyndryl Holdings, Inc.new | +$1M |
| DUOT Duos Technologies Group, Inc. | +$1M |
| FIP FTAI Infrastructure Inc. | +$0M |
| CE Celanese Corporationnew | +$0M |
| AGM Federal Agricultural Mortgage | +$0M |
| GFL GFL Environmental Inc. | +$5M |
| APG APi Group Corporation | +$0M |
| AMBC Ambac Financial Group, Inc. | +$1M |
| — new | +$0M |
Top sells this quarter · 15
| STKL SunOpta Inc.exit | −$1M |
| PBI Pitney Bowes Inc.exit | −$1M |
| UNH UnitedHealth Group Incorporateexit | −$1M |
| LWLG Lightwave Logic, Inc.exit | −$1M |
| NVRI Enviri Corporation | −$0M |
| TIC TIC Solutions, Inc. | −$0M |
| COLD Americold Realty Trust, Inc. | −$0M |
| PRMB Primo Brands Corporationexit | −$0M |
| BCIC BCP Investment Corporationexit | −$0M |
| KINS Kingstone Companies, Inc. | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $104M | 48 | +6.93% | +17.59% | -10.66% | +0.01B |
| 2025-12-31 | $97M | 51 | -1.70% | +17.72% | -19.42% | -0.00B |
| 2025-09-30 | $100M | 55 | -0.14% | +17.52% | -17.66% | -0.01B |
| 2025-06-30 | $110M | 48 | -10.78% | +14.94% | -25.72% | +0.03B |
| 2025-03-31 | $74M | 49 | -29.80% | +8.30% | -38.11% | -0.08B |
| 2024-12-31 | $181M | 49 | -7.90% | +24.89% | -32.79% | +0.06B |
| 2024-09-30 | $123M | 52 | -8.11% | +36.04% | -44.15% | +0.06B |
| 2024-06-30 | $72M | 43 | -12.20% | +24.49% | -36.69% | +0.01B |
| 2024-03-31 | $68M | 43 | -11.79% | +29.62% | -41.41% | -0.01B |
| 2023-12-31 | $65M | 44 | -22.07% | +26.18% | -48.25% | -0.01B |
| 2023-09-30 | $72M | 50 | -13.60% | +21.57% | -35.16% | -0.01B |
| 2023-06-30 | $98M | 54 | -7.94% | +19.42% | -27.36% | -0.00B |
| 2023-03-31 | $114M | 69 | -3.80% | -7.82% | +4.01% | -0.03B |
| 2022-12-31 | $142M | 65 | +12.03% | +7.56% | +4.47% | +0.01B |
| 2022-09-30 | $116M | 67 | -8.31% | -4.93% | -3.38% | +0.00B |
| 2022-06-30 | $123M | 70 | -7.17% | -16.11% | +8.94% | +0.01B |