Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.80%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.30%
steady accumulation
Rally response
-3.95%
trims into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CNMCore & Main, Inc. | $62M | 13.8% | +2.3% | 2.3 yr |
| CRH.LCRH plc | $61M | 13.5% | — | 1.3 yr |
| CIGIColliers International G | $53M | 11.7% | -11.7% | 6.3 yr |
| VEEVVeeva Systems Inc. | $47M | 10.3% | -24.2% | 1.3 yr |
| NOWServiceNow, Inc. | $45M | 10.1% | -34.3% | 4.8 yr |
| TFIITFI International Inc. | $43M | 9.5% | +42.3% | 3.8 yr |
| QLYSQualys, Inc. | $41M | 9.1% | -30.2% | 6.3 yr |
| LGIHLGI Homes, Inc. | $36M | 7.9% | -40.5% | 7.5 yr |
| EFXEquifax Inc. | $27M | 5.9% | -25.4% | 0.3 yr |
| JCOMZiff Davis, Inc. | $24M | 5.2% | — | 4.8 yr |
| DAVAEndava plc | $13M | 2.9% | -77.3% | 7.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure17.3%-11.8pp$78M
Industrial - Distribution13.8%+2.6pp$62M
Construction Materials13.5%+4.7pp$61M
Real Estate - Services11.7%-0.4pp$53M
Medical - Healthcare Information Services10.3%+0.8pp$47M
Software - Application10.1%-5.7pp$45M
Trucking9.5%+4.2pp$43M
Residential Construction7.9%-0.3pp$36M
Consulting Services5.9%$27M
Country
US62.4%+5.3pp
CA21.2%-5.5pp
IE13.5%+4.7pp
GB2.9%-4.5pp
Top 5: 59.4% · Top 10: 97.1% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $451M | 11 | -17.75% | +17.59% | -35.35% | +0.00B |
| 2025-12-31 | $550M | 11 | -17.05% | +17.72% | -34.77% | +0.05B |
| 2025-09-30 | $554M | 11 | -10.75% | +17.52% | -28.26% | -0.06B |
| 2025-06-30 | $601M | 11 | -4.89% | +14.94% | -19.83% | -0.07B |
| 2025-03-31 | $618M | 11 | -24.46% | +8.30% | -32.76% | +0.07B |
| 2024-12-31 | $666M | 10 | -16.34% | +24.89% | -41.23% | +0.01B |
| 2024-09-30 | $677M | 10 | +7.86% | +36.04% | -28.18% | -0.05B |
| 2024-06-30 | $670M | 10 | -0.83% | +24.49% | -25.32% | -0.03B |
| 2024-03-31 | $804M | 11 | +15.32% | +29.62% | -14.30% | +0.07B |
| 2023-12-31 | $807M | 10 | +41.61% | +26.18% | +15.43% | -0.02B |
| 2023-09-30 | $661M | 10 | +12.34% | +21.57% | -9.23% | -0.04B |
| 2023-06-30 | $704M | 11 | +5.01% | +19.42% | -14.42% | +0.02B |
| 2023-03-31 | $683M | 11 | -11.84% | -7.82% | -4.02% | -0.02B |
| 2022-12-31 | $631M | 12 | -0.32% | +7.56% | -7.88% | +0.02B |
| 2022-09-30 | $611M | 12 | -6.93% | -4.93% | -2.00% | -0.01B |
| 2022-06-30 | $669M | 12 | -15.33% | -16.11% | +0.78% | +0.02B |